EcoPayz Casinos

The Go-To E-Wallet of Players from over 100 Countries

Initially launched as ecoPayz, Payz is a popular payment services provider that has been doing business with customers for over two decades. The company rebranded as Payz in 2023 in an attempt to streamline its products, keep up with the latest trends, and ensure a more user-friendly experience for customers from over 150 supported countries. Its core product remains its digital wallet, although the company provides a range of virtual and plastic cards as well.

• How the Method Works
• Depositing
• Withdrawing
• Mobile App
• Fees and Limits
• Advantages
• Disadvantages
• Security
• Conclusion

Broadly accepted for online gambling transactions, the Payz digital wallet enables casino players to conveniently move funds to and from their real-money balance without incurring exorbitant fees in the process. The e-wallet facilitates payments in more than 50 base currencies but requires setting up an account and funding its balance via a debit/credit card or a bank transfer. The registration process is fast and hassle-free requiring no more than a couple of minutes. Stick around to learn more about this innovative e-wallet, its fees, limits, advantages, and shortcomings.

Pros and Cons of Payz Casinos

Pros:

• Deposits are instant
• Works for withdrawals as well
• Offers virtual and plastic cards
• Safe and streamlined online casino transactions
• Lower fees compared to rival e-wallets

Cons:

• Account verification takes some time
• Certain Payz services are associated with additional fees

How the Method Works

To use ecoPayz, currently branded as Payz, one must first register an account and it takes no more than a few minutes to complete the registration form. The process requires some personal information such as your name, country of residence, address, and phone number. After clicking the activation link, sent to you via email, the account is ready for use.

There are several levels of personal Payz accounts – Classic, Silver, Gold, Platinum, and VIP. Members with a Silver account or higher get better deals on withdrawal fees, FX rates, maximum account balance and higher transaction limits. The Classic account is very “bare-bones” so it is advisable to upgrade to a Silver account or higher as soon as possible. This is done by contacting customer support and supplying them with proof of identity, address, and source of funds. For this purpose, you must provide various documents like a government-issued ID card, bank statements, and recent utility bills.

Verification may take some time because Payz employees must thoroughly process all your information. After that is done, you can top up your e-wallet balance using different payment methods like local or international bank transfer, debit and credit cards. Transferring funds from prepaid cards is also allowed and so is using third-party payment services like Interac Online (an option for Canadian players) and CashtoCode.

Silver account holders and those with a higher status can apply for Payz Mastercard and Payz Plus cards, both of which are plastic debit cards. They can be used like standard bank cards to make purchases at any retailer and or withdraw from any ATM that support Mastercard transactions.

There is also the option to remain anonymous while uploading funds to your gaming account by using virtual cards. You can use your Payz account to apply for up to four virtual cards in several currencies, including EUR, USD, and GBP. Of course, depositing straight from your e-wallet balance offers the same high levels of anonymity and security.

You have the opportunity to choose from over 50 base currencies for your Payz wallet account. Your options include ARS, AUD, BAM, BGN, BRL, CLP, CAD, COP, CHF, CNY, CRC, CZK, DKK, EUR, GBP, GEL, HKD, HUF, IDR, ILS, INR, ISK, JPY, MDL, MOP, MYR, MXN, NIO, NOK, NZD, PAB, PEN, PLN, RON, RSD, RUB, SEK, SGD, THB, TRY, VEF, UAH, USD, UYU, UZS and ZAR.

Depositing to Online Casinos

Depositing to online gambling sites is getting easier than ever before with this e-wallet. Go to the cashier page, select Payz/ecoPayz as your preferred payment method and you will be redirected to the official Payz website. You will be asked to enter your user ID and the password you have selected for your e-wallet account. You must then enter the amount you wish to deposit and confirm the transaction.

Generally speaking, most online casinos impose no fees on deposits conducted with Payz. The great advantage of this payment solution is that the transferred funds reflect in your casino balance instantly, allowing you to start placing real-money bets right away.

Withdrawing from Online Casinos

The withdrawal process is rather similar to initiating Payz deposits and involves roughly the same steps. You must navigate to the cashier of your online casino, tap on the Payz/ecoPayz logo to select the method, and enter the amount you wish to withdraw. Withdrawal processing times vary from one casino to another but the funds are generally released within around 48 hours. Once your withdrawal request is approved, your winnings will reflect in your Payz balance almost instantly.

Mobile Application of Payz

Being constantly on the move is no issue for users of this innovative e-wallet. The company behind Payz has developed native mobile applications compatible with most iOS and Android-based devices. This enables online gamblers who are constantly outdoors to fund their gaming accounts in just a few taps on their smartphones or tablets.

You can use the app to check your Payz balance any time of the day, request a plastic or virtual card, top up your wallet or initiate deposits to your favorite casino. Regardless of what you are doing, you can rest assured your money and personal details are always properly protected with the best security technology.

The Payz mobile apps are free to download and can be found at the App Store and Google Play. You can enter your email address and your password in order to log into your existing Payz account via a mobile device. If you have enabled 2-factor authentication, you will be asked to enter your additional security code and your smartphone or tablet will be added to the list of your trusted devices. The minimum system requirements mobile users must meet are Android 7.0 and iOS 14.1 and up. The apps offer the same functionalities as the desktop version of the Payz wallet, allowing players to send and receive money in more than 50 different currencies. The iOS app, in particular, is suitable for non-English-speaking players as it supports several additional languages like Italian, German, French, Spanish, and Polish.

As many virtual casinos are mobile-compatible, having the opportunity to use your mobile device for your payments is pretty convenient. The Payz apps enable you to easily manage your gaming balance and enjoy your favorite casino games even when you are on the move. You can pull out your casino winnings or replenish your depleted balance in a flash.

Fees and Limits

Creating an account is free with this e-wallet, but topping up its balance is not. Funding your Silver account via a wire transfer will cost you between 0% and 10%, depending on where you live and what currency you use. Using a credit card to do that costs between 1.69% and 6% plus a fixed fee of €0.25, again depending on your location. Withdrawing funds back to your bank account will cost between €5.90 and €10.00 for lower account levels but VIP members can enjoy a lower fee between €2.90 and €7.00.Transferring funds to another Payz user will set them back 1.50% (at a minimum of €0.50) if they are a Silver member, whereas, for Gold accounts and higher, this service is free. Currency conversion is associated with an additional fee of 2.99% for Classic and Silver members, 1.49% for Gold and Platinum account holders, and 1.25% for VIP members.

When you are initiating deposits to your e-wallet balance, you will also have to fit within certain limits but the exact ceiling depends on what method you use to top up. For example, Classic account holders who fund their e-wallet balance via their bank accounts can transfer up to €1,000 per transaction, while those at higher levels must comply with ceilings ranging from €15,000 to €140,000 per transaction. The maximum limits on single deposits conducted via credit or debit cards are €200 for the Classic level, €1,000 for Silver accounts, €1,500 for Gold accounts, €2,000 for Platinum, and €2,500 for VIP members. As for the minimum transferable deposit amount, it is set at €10 for all top-up methods and account levels. The maximum daily transfers to merchants and online casinos Payz allows for range from €1,000 at the lowest account level to €30,000 per day for VIP account holders.

There is also a maximum daily withdrawal limit which is €500,000 for Silver Level members and above, provided that cash out the funds back to their bank accounts. Receiving money transfers from Payz merchants, or online casinos in this case, is associated with maximum transaction limits ranging from €2,500 and €1 million, depending on the account level of users at the receiving end. From what we gather, there are no requirements on the minimum amounts Payz users can receive from merchants but keep in mind that most casinos impose individual limits on minimum withdrawals you must also observe for.

There is also a weekly limit for all tiers, except the Classic one. All other account levels have a €1 million weekly ceiling on the amounts they can transfer back to their bank accounts. This obviously renders the e-wallet a great option for high-rollers as they will be able to move substantial amounts of money with Payz. Withdrawals to bank accounts require 3 working days to process plus 5 more working days for the money to hit your bank account.

Payz Plus card fees are the same across the board for Silver to VIP members. When withdrawing cash from your card, you will be charged a 2% fee with a minimum of €1.50, while cash services, such as Forex, Money orders, travelers checks etc., will cost you 4.00% with a minimum of €0.80. Replacing or renewing your plastic Payz Plus card will both cost you €10 across all account levels.

The Payz Plus cards allow for no more than 10 ATM withdrawals per single day, with maximum daily limits on cash transactions ranging from €500 to €1,000 based on account level. Payz Mastercard users are also limited to 10 ATM withdrawals per 24 hours but must comply with different limits on daily cash transactions (€750 for Silver users and €1,000 for higher levels).

Payz Mastercards are issued at no extra cost but the same does not apply to plastic Payz Plus cards, as issuing them costs €10 across all levels. Applying for and getting a virtual card is free of extra charges, however. Currency conversion sets you back an extra charge of 2.99%. These prices are the set for Silver, Gold, Platinum and VIP members.

Advantages

Payz (formerly ecoPayz) uses a sophisticated banking system that makes transactions instant and the funds ready to use in a flash. They are a company authorized by the Financial Conduct Authority (FCA) of the United Kingdom, which means that they follow the strictest guidelines when it comes to security. Considering all this, it is reasonable to say that this e-wallet ensures secure transactions and players need not worry about their data falling into the wrong hands. Anonymity is guaranteed when using the service because the other party, or the online casino in our case, never gains access to your sensitive information. Using the latest SSL encryption technology is yet another proof of their strict security policy.

Using Payz for gambling transactions is a sound choice. When depositing from your wallet’s balance, the funds are immediately available, unlike other conventional methods such as the standard bank transfer.

Another great advantage of the service is that opening an e-wallet account is free and accessible to anyone. This means that even if you do not have an account at Payz, you will be able to open one in an instant. This way, you will be able to upload funds to the balance of your online casino account in next to no time. What is more, it will cost you nothing as most online gambling operators impose no fees on deposits initiated with this digital wallet.

You can utilize different payment solutions when it comes to topping up your Payz account. This is very convenient for users from various countries around the world. Commonly used methods like credit/debit cards, third-party e-wallets, prepaid cards, and instant banking services are all viable deposit options. Local payment methods like Interac are also supported for players from specific countries, Canada in this case.

Payz/ecoPayz is extremely popular among online gamblers which is why multiple online casinos are now accepting it as a payment option. This guarantees that you will be able to find at least a few trustworthy casino sites that will allow you to manage your funds via your Payz account.

There is also a possibility to set several currencies for your e-wallet, which is very convenient and is completely free.

Last but not least, this innovative e-wallet is commonly available for both deposits and withdrawals, sparing your the hassles of looking for an alternative payment solution when it’s time to cash out your winnings. We consider the method suitable for high rollers and casual online gamblers alike due to its flexible transaction limits.

Disadvantages

The disadvantages of utilizing Payz (previously ecoPayz) are definitely fewer compared to the positive aspects of the payment method.

Certain Payz services involve additional fees, with users from some countries incurring higher charges than others. Some of the rival e-wallet providers offer better rates compared to Payz.

This wallet is mostly used for online trading and online gambling. There are few merchants outside the gambling industry that transact with this payment method. Other payment solutions can also be used for online shopping and online gambling, without forcing you to limit yourself to one or the other.

Another negative associated with Payz is the fact that some offshore casinos do not support it for payments due to regulatory restrictions. While this is not always the case, gambling sites with offshore licenses largely do not work with this method. Their customers are commonly offered cryptocurrencies, cards, and bank transfers as alternatives.

As you may have noticed, higher-level members enjoy better perks and have better transaction limits. Upgrading your membership, however, is not that easy as you will need to verify your identity by providing an ID and a copy of a document that confirms your permanent address. Finally, there is the issue of bonus eligibility. Many iGaming operators disqualify new customers from redeeming welcome bonuses when they deposit with digital wallets like Payz, Neteller, Skrill, and PayPal. These restrictions largely result from the fact bonuses are easier to abuse with e-wallets.

Security

Payz claims that protecting its users’ data is a top priority and to have applied all available security measures to do so. All data that passes through their system is automatically encrypted using Security Sockets Layer (SSL) protocols. Furthermore, the platform is certified by the Thawte Certification Authority, responsible for 40% of the global SSL market. Any servers that hold data are separated from any other hardware and stored in a secure and restricted location. User information is protected with firewalls and is accessible only from certain workstations.

When you are using your e-wallet to boost your gaming balance at an online casino, you can be sure that your money is properly protected and your personal information will not be disclosed to anyone. What is more, Payz gives you an extra layer of security that safeguards you from spyware, hacker attacks, or viruses.

Whether you are using Payz on your mobile device or personal computer, you can always trust the company as it strives to meet the strict security requirements of the Payment Card Industry and upholds the highest Data Security Standards. This ensures that account holders can make easy payments to and from online casinos, without having to worry about their money or data getting stolen.

Payz users also have the opportunity to enable the 2-step verification feature. This will add an extra layer of security to your account as you will be asked to enter your 2-step verification code whenever you try to log into your Payz account. Thanks to this option, you will be the only person with access to your wallet and transaction history. Setting up biometric authentication is also an option, whereby you will be able to sign into the Payz mobile app using your fingerprint or via facial recognition.

Speaking of which, Payz users are not required to disclose any sensitive personal or banking information when transacting with their wallets. To initiate deposits or request withdrawals, you must select the method from the cashier and only enter the preferred amount. You will be then transferred from the cashier to the payment platform’s sign-in page where you must enter your wallet username and password. The online casino practically has no access to your financial information, such as card or bank account numbers.

Click on the Security Policy tab on Payz’s website, and you will be able to read advice for users on how to protect themselves and their data on the Internet. It recommends users not to share their personal information with anyone, not to respond to shady emails, and to always double-check any link that looks suspicious.