PayID
Australia's real-time payment identifier system allowing instant bank transfers using a phone number, email, or ABN as the identifier. Widely used for Facebook Marketplace transactions as a safe alternative to cash. Payments clear immediately. Scam risk: fake payment confirmation screenshots — always verify in your banking app. Never accept PayID from someone offering to overpay and request a refund difference — that's the classic PayID overpayment scam.
Where you'll see this
This term is commonly used on:
facebook-marketplace
Put this into practice
Shopfront handles the hard parts of crosslisting and inventory sync so you can focus on finding and selling.