Read our guide on paying for your transfer by PayID or OSKO in Australia and New Zealand.
In this article, we’ll cover:
- What are PayID and Osko?
- Who can use this payment method?
- How does PayID/Osko work?
- What are the limits for payments using this method?
- How long does it take to send money using this method?
- Are there any charges for using this method?
- How do I add this method to my Xe account?
What are PayID and Osko?
With PayID you can use a mobile number or email address to pay or be paid by someone. Osko will allow the payment to go through in under a minute.
PayID is the simpler alternative to remembering BSB and Account numbers. Osko is owned by BPAY.
Who can use this payment method?
Any Xe customer located in Australia or New Zealand.
For a full list of payment methods available for your region, please click here.
How does PayID/Osko work?
Payments made using Osko (via the customer's online banking platform) can simply be addressed to our email address (payments.apac@xe.com).
What are the limits for payments using this method?
Transaction limits are imposed by your own bank, not by Xe.
How long does it take to send money using this method?
The first payment will take around 24 hours. Subsequent payments should be less than 30 minutes.
Are there any charges for using this method?
No, this is a free payment method.
How do I add this method to my Xe account?
We’ll provide you with our PayID email address (payments.apac@xe.com) and have several blog posts with details of how the service works.