How to Pay Someone with PayID

In this guide, we will provide a neutral overview of how to pay someone using PayID in Australia, considering both the positive and negative aspects. We will use lists and tables to present the information clearly.

PayID is a convenient and secure way to pay someone in Australia. It replaces the need to share sensitive information like bank account numbers when making payments. Let’s explore how to use PayID effectively.

Registering for PayID

To use PayID, you need to register through your bank. The following table provides an overview of the registration process:

1Contact your bank to inquire about PayID.
2Provide necessary information (mobile number, email address, etc.).
3Verify your identity with the bank.
4Receive your unique PayID identifier.

Initiating Payments

To pay someone using PayID, follow these steps:

  1. Open your bank’s mobile app or access online banking.
  2. Navigate to the “Payments” section.
  3. Select “PayID” as the payment option.
  4. Enter the recipient’s PayID (mobile number or email address).
  5. Enter the payment amount.
  6. Review and confirm the transaction.
Registering for PayID

Transaction Speed and Security

AspectTransaction SpeedSecurity Measures
PayID TransactionsReal-time processingUnique identifiers enhance data confidentiality
Traditional MethodsProcessing times vary (1-3 business days)Account number sharing increases vulnerability

PayID Compatibility

PayID is compatible with numerous banks and financial institutions. Check the table below for some participating institutions:

National Australia

Advantages and Disadvantages

It’s essential to consider both the positive and negative aspects of using PayID. The table below outlines the advantages and disadvantages:

Enhanced security: Unique identifiers instead of account numbers.Potential privacy concerns with providing personal contact details.
Convenient: Simplifies payment process with just the PayID.Not all banks may support PayID.
Real-time transactions: Payments are processed swiftly.Occasional delays or technical issues may occur.

Customer Support

If you have any questions or encounter issues with PayID, contact your bank’s customer support. They can assist you with troubleshooting, provide guidance, and address any concerns you may have.


Paying someone with PayID offers convenience and enhanced security. By understanding the registration process, advantages, and potential limitations, you can make the most of this payment method in Australia. Remember to consider both the positive and negative aspects and seek assistance from your bank when needed.