The exchange said today that deposits via PayID are no longer available to Australians, and withdrawals to bank accounts will also be affected “due to a decision by a third-party payment service provider.”
“We regret to inform you of an immediate restriction on AUD deposits through the PayID service due to a decision by a third-party service provider.
It will also affect the withdrawal of funds by bank transfer. We will provide a timeline for fixing the problem at a later date,” the Australian exchange said.
At the moment, AUD deposits and withdrawals via bank transfers work, but it is unclear how long it will last.
Binance is now looking for an alternative payment provider to support AUD deposits and withdrawals.
Recall that in April, the Australian Securities and Investments Commission (ASIC) revoked the license for financial services from Binance Australia.