What is PayID?

PayID serves as a highly efficient and secure method for receiving payments, allowing users to utilize their mobile number, email address, Australian Business Number (ABN), or other identifiers. When you register for PayID through your banking institution, it links your PayID to a selected bank account, making it easier for others to send you money without the need for your BSB and account number. Each time someone transfers funds to your PayID, the associated name is presented to verify that the transaction is being directed to the correct recipient. Generally, transactions via PayID are processed in under a minute, even between different banks; however, some transactions may encounter slight delays due to security measures in place. Over 100 financial entities, including banks, credit unions, and building societies, provide PayID services, which can be conveniently managed through your online banking platform. You also have the option to create multiple PayIDs linked to various accounts, thereby enhancing your autonomy over financial transactions. This flexibility, combined with the rapid transaction speed, contributes to the growing popularity of PayID as a preferred payment solution among users. Moreover, the ease of use and security features make it an attractive choice for both personal and business transactions.

Integrations

Screenshots and Video

PayID Screenshot 1

Company Facts

Company Name:
PayID
Company Location:
Australia
Company Website:
payid.com.au

Product Details

Deployment
SaaS
Training Options
Documentation Hub
On-Site Training
Support
Standard Support
Web-Based Support

Product Details

Target Company Sizes
Individual
1-10
11-50
51-200
201-500
501-1000
1001-5000
5001-10000
10001+
Target Organization Types
Mid Size Business
Small Business
Enterprise
Freelance
Nonprofit
Government
Startup
Supported Languages
English

PayID Categories and Features

Mobile Payment App

ACH Support
Contactless / NFC
Credit Card Support
Cryptocurrency Support
Debit Card Support
In-App Payments
In-Store Payments
Micropayments
P2P Payments
eCommerce Payments