How does it work?
To create a Payz (ecoPayz) wallet, you can go to their website and simply click on the "Join Us" tab. You will be able to register as long as your country is one of the many countries listed. After registration and confirmation of email address, you should receive confirmation of EcoPayz membership within minutes.
You may need to verify a few more things depending on how you want to top your account up, but this can be rather painless.
To verify an account to pay withdrawals into, you will need to make a micro deposit into either a credit card account or chequing account to verify the process the first time around. Getting money out of your account is actually much easier if you apply for an ECO Webcard or a physical Payz Mastercard, which will allow you to spend your funds anywhere with a Mastercard sign.
Alternatively, you can organise a wire transfer to your banking account, but the fees incurred can be pretty hefty.
Payz (ecoPayz) Advantages
1. Speedy Deposits and Withdrawals
E-wallets are known for the speed at which they transact. Depositing and withdrawing funds from a casino is virtually instant once the casino gives the authorisation. Transacting from an e-wallet back to your bank account may take a few days, though.
2. Best Security
When signing up for an EcoPayz account, all your information is protected by SSL multi-layer encryption to prevent hackers from abusing your details. When payments are made to or withdrawn from Ecopayz casinos, none of your information is shared online, which keeps you far more secure than if you were using your credit or debit card for payments.
3. Easy Verification
Detail verification is far more streamlined with this service provider, even in comparison to some of its stiffer competition in this payment segment, such as Skrill or Neteller.
4. Multiple Ways to Load Account
You can load an EcoPayz account in several fashions, using a variety of other banking methods. Still, the most common form used today is via credit card or EFT (if you stay in Canada). It's far cheaper and more convenient this way.
5. Special Features
All good payment providers look after their loyal customers, and EcoPayz is no different. You will earn between 0.6% and 1% for each transfer made as a cashback bonus reward, which can be accumulated and then spent on anything you like.
There is also the convenience offered of either a virtual card or physical Mastercard facility linked to your e-wallet. This means that you can spend funds that have accumulated in your wallet at any online store (ECO Webcard) or land-based store (physical card) where the Mastercard sign is shown.
Disadvantages of EcoPayz
1. Bonus Use
Unfortunately, there are a large number of casinos that will not honour their sign-up bonuses and other promotions if e-wallets are used to deposit and withdraw funds. This is more of security from player bonus abuse, who hit and run with funds.
2. Higher Fees
Although the fees are very similar to those of some of its competitors, there are cases where it is a bit more expensive to transact with this service provider, though the amounts are nominal.
Handy information on usage
As with most third-party payment facilities, there are bound to spend limits with EcoPayz. Depending on the status of your individual account (classic, gold, platinum, or VIP), you will have a scaled transfer limit per day and month. This amount ranges from €250 per day to €2500 per day, with a spending limit as low as €2500 per year up to €600,000 per year.
There is a range of fees payable, depending on the banking method you employ to deposit to and withdraw from the wallet. The general card fee for processing is 2.9% of the value transferred, while forex charge tariffs are 2.99% extra.
EcoPayz has an extensive user selection, servicing around 150 countries spanning the globe. In one way or another, Continents services include Africa, Australia, Asia, Europe, North America, and South America. Be sure to visit their website for a detailed list of countries supported by these services to make sure that you qualify.
We, at CasinoWow, have selected some of the top online casinos accepting Payz and placed them on a list for your convenience. The payment provider rebranded in 2023 and is now called Payz instead of ecoPayz.
Some of the top names in the business such as Payz will accept your e-wallet trading without batting an eyelid. Select a top online casino today and embark on a journey of hassle-free gambling entertainment.