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Most Used Payment Methods In Australia

Most Used Payment Methods In Australia

. 4 min read

Australia is among the countries in the world that have different payment methods. The most used methods include credit cards, debit cards, bank transfers, cash on delivery, and other optional electronic payment methods. Among them are credit cards, which are the internationally accepted VISA cards, and MasterCard, both of which occupy similar market shares in Australia. Bank transfer and cash on delivery are relatively safe payment methods that many online retailers still use together with online casino Australia. Australia's optional electronic payment methods mainly include BPAY, PayPal, POLi, etc. Here is the most used payments method in Australia.

1. Credit card

In Australia, most high-end credit cards have point rewards or point for cooperation with airlines such as Qantas, department store alliance Flybuy, Woolworth rewards, etc. But currently, the Membership Rewards offered by American Express are the most lucrative. Of course, you need to have a current account before applying for a credit card.

Once you have a bank account and a certain credit history, you can start applying for a credit card. There are three main types of ordinary credit cards in Australia: Visa, MasterCard, and American Express.

2. Bank debit card

Bank debit card is now the most used payment method in Australia. It is an authorization by the account holder to the third party to withdraw funds from the credit card account or nominated account. After the agreement, the money will be automatically deducted. Direct debit from the bank account is essential when paying the regular fixed amounts like utilities, housing, or other recurring payments.

The debit cards of Australian banks are called Debit Card in English. Its primary function is to help cardholders swipe their cards in shopping malls so that the expenses of cardholders will be directly charged. Through bank settlement, deduct from the corresponding account.

3. Bpay

Bpay is the most common payment method in Australia. As long as you have an Australian bank card, you can quickly pay. BPAY is a bill payment system jointly developed by major Australian financial institutions. There are more than 45,000 Australian institutions that support BPAY to pay bills.

Popular bill types like utility bills, telephone charges, fines, tuition, councilfee, FIRB application fees, among others, can all be paid through BPAY. Bpay cooperates with many banks and financial institutions, is regarded as a symbol of safety in Australia, has a certain reputation and good reputation in Australia, and provides more payment channels.

4. POLi Payments

POLi Payments Pty Ltd is an online payment company based in Melbourne, Australia. In addition to Australian consumers, merchants and consumers from New Zealand also often use Poli Payment as an online payment system. In Australia, POLi is the most commonly used payment channel for Australian users in addition to credit cards. It is the leading online bank payment system in Australia and New Zealand. As long as consumers have a bank account in a bank connected to POLi, they can complete the payment.

It can support the major Australian banks, such as Commonwealth Bank, Westpac, Bendigo Bank, BankWest, Citibank, CUA, and ING Direct. The Commonwealth Bank of Australia, the Australian Bank (NAB), ANZ Bank, and Westpac Bank are collectively referred to as Australia's four major banks, and they can also support it.

5. PayPal

PayPal is the most used payment method in Australia and the world's largest payment tool. PayPal is an Internet service provider headquartered in San Jose, California, USA. PayPal is a company under eBay committed to allowing individuals or businesses to make online payments and collections safely, conveniently, and simply through email. This payment method is the safest online electronic account that PayPal launched. Using it can effectively reduce the occurrence of online fraud.

6. eWAY

eWAY, an Australian payment platform, has branches in Australia, New Zealand, Singapore, Hong Kong, and Macau. The development is relatively mature, and the payment channels provided are international and regular when cooperating with more than 190 banks and financial institutions.

eWay was launched in 1998 to simplify payments. Today, it occupies 20% of the online payment market in Australia and conducts transactions in five countries. eWAY processes billions of dollars from tens of thousands of companies every year. The company focuses on merchants and provides safe and reliable payment gateways.

7. Osko

Osko is a real-time collection and payment platform created by NPP Australia Ltd and 13 Australian financial institutions. Its technical team is in charge of Bpay. Osko uses Pay ID to pay. The bank informs you that you can register and apply for your own unique PayID in mobile banking or online banking. You can enter the ID when paying online.

It officially started operations in early March 2018 and is currently in a preliminary stage of development. It is a product jointly launched by Bpay backup and NPP and 13 well-known financial institutions with a high degree of attention.

8. Klarna

Klarna is a Swedish e-commerce payment solution platform founded in Stockholm, Sweden, in 2005. Currently, it has provided services in Sweden, Australia, Austria, Belgium, Denmark, Finland, Germany, Italy, the Netherlands, Norway, Spain, Switzerland, the United Kingdom, and the United States. Klarna's main payment business provides three methods: online settlement, in-store settlement, and direct purchase on social media.

The idea is to provide customers with a simple and smooth shopping experience and payment methods and launch the one-stop shopping and consumption platform Klarna APP. As a payment service provider, Klarna provides merchants with a high conversion rate, quick integration, and a popular payment solution among European and American consumers.

9. Apple Pay

Apple Pay is Apple's mobile payment and electronic cash service. It is integrated into the Apple Wallet application. It can only be used with Apple's iPhone, Apple Watch to use Apple Pay, iPad, and other mobile devices for payment. The main competitors are Google Pay and Samsung Pay. These payment services have a specific customer base, among them being iOS and Android users.

Through Apple Pay, it can be directly compatible with contactless terminals that support VISA's payWave, MasterCard's Contactless, China UnionPay's QuickPass, JCB's J/Speedy, and American Express' ExpressPay. Your boarding pass, various tickets, debit card, credit card, transportation, card, and the store card can all be stored in the Wallet app.


Part of the expertEasy writing team, Laura is from the UK and has a keen interest in Business, interior design and decor, home improvement and thriftiness in all things around the house and garden.