PayID is a service built on the New Payments Platform that lets you send and receive money using a mobile number or email address instead of a BSB and account number. Transfers typically settle within a minute between participating banks, which makes it faster than standard bank transfers. For online platforms, this means deposits usually appear instantly, and withdrawals can be processed the same day if the operator supports PayID in both directions. The main variable is how each site handles cashouts — some process them quickly, others take longer or route them through traditional bank transfers. A useful breakdown of how this works, including tested processing times and which platforms support it fully, is available at https://pokie.info/payment/payid/. It covers the practical details without the usual sales language, so you can see how the method actually performs before deciding whether to use it.