When a payment is addressed to a PayID, the payer is shown the name of the person or business they are paying before they confirm the payment. This can help to reduce the chance of mistakenly paying the wrong person.
It can also help the payer avoid being deceived into sending a payment to the account of a scammer rather than of the intended recipient. A recent survey commissioned by NPP Australia shows that one in four PayID users have stopped or edited a PayID payment where they noticed that the recipient’s details were wrong.