A PayID is a unique identifier linked to your bank account that is easy to remember. It can be your mobile number, email address, ABN or Organisation name as determined by your bank’s rules.
Creating a PayID is easy and you do it with your bank, usually in their mobile app or web site. Contact your bank or financial institution for more information on PayIDs and how to create one.
You can use your PayID to create a PayTo Agreement with GoEscrow. We accept all four forms of PayID for PayTo setup.
If you don’t have PayID you can still set up a PayTo with GoEscrow by using your bank account details (name, BSB and account number). So while a PayID isn’t essential for PayTo setup it is easier.