Payment method reviews

The addressing layer for Australia's instant payments. Free, fast and safer than typing a BSB.

The rail that actually moves the money on the NPP. Near-universal bank support, instant, free.

The 1997 bill-payment workhorse. Same-day, free at most banks, not instant.

Modern pull payments with visible, cancellable mandates. Direct debit's replacement, still rolling out.

Free P2P app from eftpos. Great for splitting bills, limited beyond that.

Transfers cost 0.25–0.49% by corridor. AFSL-licensed, with AUD account details.

Closest thing to a neobank app in Australia. Strong free tier, watch the weekend FX.

The default online wallet with real buyer protection. Expensive FX is the trade-off.

Dual FCA/MFSA regulation abroad and native AUD, but no Australian licence and not on the AUSTRAC register.

Skrill's older sibling with AUD balances and PayID funding. Same steep FX margin.

Paysafe wallet with a 3.99% FX margin. Only makes sense when a platform you use lists it.

Genuinely clever mobile-only wallet, and the only one of these niche wallets holding an Australian licence — AFSL 540851, and on the AUSTRAC register.

The rebranded ecoPayz. Holds AUD, but publishes no fee schedule we can reach.

Ambitious multi-currency wallet, but a thin Australian footprint and no listing on the AUSTRAC register.

Prepaid vouchers plus a wallet app. Spending-cap logic is nice; regulatory clarity isn't.

Newer UK e-money wallet that publishes no fee schedule we can reach, holds no Australian licence and is not on the AUSTRAC register.

A prepaid cash voucher, not a wallet. Anonymity cuts both ways; fees and gaps add up.

Tokenised card payments done right. Free, wide bank support, iPhone-only.

The Android answer to Apple Pay. Free, broad support, better transit coverage.

Solid tap-to-pay for Galaxy owners. Good bank support, Samsung-only by design.