POLi is a popular online payment processor in Australia and New Zealand that is accepted by many binary options brokers that are targeting traders from that region of the world. Unlike other e-wallet services like Skrill and Neteller, POLi works by connecting directly to the user’s bank account to make payments. This has several benefits, but may also pose certain risks, according to a number of Australian banks.
POLi is currently owned by Australia Post, which in turn is owned by the Australian Government. It is thus considered to be a reliable payment processor, and is trusted by a large number of Australian and New Zealand-based binary options traders on a daily basis.