POLi represents an on line payment method through which you can use your internet banking to pay for goods an services. Being a company centered in Melbourne, Australia POLi supports a great part of banks situated in Australia and New Zealand.
How it works
This payment method is managed through the use of the proxy method .That means that the bank site which is seen by the customer is not the copy , but the actual website. The customers have an access to their original bank site through the POLi servers. Via POLi consumers can pay directly for purchases and goods from a merchants website without using a credit card. The merchants are given a receipt that allows them to deliver the goods directly to the customer.
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When using POLi for the transactions they may be initiated either at the checkout or after the purchase. POLis tends to be available at the checkouts of a number of on line merchants. Whenever you see the logo of POLi Link you can also pay your bills with it.
Specifications
While a POLi transaction is being processed no one has access to your Internet banking. POLi uses HTTPS protocol with encrypted connection and does not store nor cache any sensitive data. It is free to use and the only thing to check out is whether your bank supports POLi services. You can do this on the website of POLi. Merchants , on the other hand can make a choice which banks they wish to accept payments from. That is why you should first verify for this tiny detail.
Creating account / purchasing a card
As POLi connects directly to your bank you don’t need a registration to sell and buy. In this way the on line payments are made quickly and easy.
However registrations required in some special cases – when businesses want to receive payments. Now the customers which want to sign up can benefit from the offer to receive a three months free transactions after completing their registration.
Making a payment with POLi
Thanks to POLi you can accept payments without having a credit card or a third party bank account. Even without the traditional checkout environment. When merchants create their POLi Link – a short URL sent to customers as a payment request via email or electronic invoice. Then customers click on that link and pay instantly. The only thing you pay for are the transaction – the link is free of charge.
When selling with POLi all you have to do is select a bank and login. Then POLi automatically populates payment details. Then it is time for a confirmation of a bank transfer.
Withdrawing money with POLi
Used for transferring deposits for many betting websites POLi tends to be a good option for navigating the funds. Once the deposit is confirmed the money is already availabale on the account .Under certain circumstances you may be able to withdraw them, but take into account that this may take some time to be completed.
Advantages of using POLi
One important advantage is that you can save up money from credit card fees , as you don’t need to use them when dealing with your payments via POLi. Another thing is that you don’t have to sign up, which means that you can manage your transactions in a quick and flexible manner.
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