So how does BPAY work? It’s a simple process that involves your bank account. Firstly, a betting site must provide their BPAY payment details, which is usually found in the my account deposit section. This will include a biller code and reference number. In your bank account, you will need to select pay someone or pay via BPAY and enter the biller code and reference number.
Most banks will then recognise the billing details and display a short description. This is basically to confirm where you’re money is being sent to. Once all the details have been confirmed, you will need to approve the payment.
The processing time will depend on a few factors, such as your bank, the transaction time and the betting site. For example, Palmerbet will credit your account on the next day if payment is made before 4pm on weekdays. However, if the payment was made on a weekend, it would take a few business days until this hits your account. This is a common wait time among all Australian providers in terms of a bank to bank transfer for deposits and withdrawals.
Quick Summary:
- Login to your preferred BPAY betting site
- Navigate to the my account > deposit section
- Find the biller code and reference number
- Login to your bank account’s website or mobile app
- Select pay someone or BPAY payment
- Enter the bookmaker’s biller code and reference number
- Enter the deposit amount. Some banks will offer a scheduled date and a description field.
- Navigate back to the bookmaker’s website or app
- If they have a BPAY notification system, enter the deposit amount and date
- After a couple of business days, the payment will clear into your account
BPAY Withdrawals
It’s simply not possible to withdraw money with BPAY due to how it works. BPAY requires a biller code and generally, this is only preferred for business owners, not the general public. Instead, it’s better to use a bank transfer withdrawal option or some sites offer instant withdrawal payment methods like PayPal or Bookmaker card.