Casinos accepting EcoPayz

EcoPayz is an online payment solution that is commonly accepted at many different online casinos. The ecoPayz service is operated by PSI-Pay Limited, a company registered in the United Kingdom and licensed by the Financial Conduct Authority to issue electronic money and provide payment services.

EcoPayz has been available to consumers since 2000 and today enjoys a large user base. Due to its popularity, online casinos have supported this payment method for quite a few years and it is a common choice for gamblers.

Overview

EcoPayz allows users to make transactions with relative ease. The service functions like an eWallet allowing players to store and move money at their pleasure. EcoPayz is one of the few services that support transactions both ways, meaning that users can both deposit to and withdraw funds from their online casino balance. Deposits take place instantly, allowing players to immediately start wagering on their favorite games, while withdrawals, generally, take up to 2-3 business days. EcoPayz is widely accepted by online gambling websites, as well as, online merchants, forex websites, and other services.

Once a user opens an ecoAccount, they will have immediate access to their balance. The account can be funded by several means, including credit and debit cards, prepaid cards, bank transactions, and many international online payment services. This makes EcoPayz one of the most accessible payment solutions on the Internet. An ecoAccount supports over 40 different currencies, including some of the most used ones such as the Euro, United States Dollars, Canadian Dollar, British Pound Sterling, Japanese Yen, Russian Ruble, Australian Dollars, and many more. There are five tiers of the ecoAccount – Classic, Silver, Gold, Platinum, and VIP. Classic is obtained when you first open the account and you can quickly rise through the ranks by verifying your identity and continually using the service. With each higher tier, users get to enjoy lower fees and higher spending limits.

The ecoVirtualcard is a virtual debit card that can be acquired by every EcoPayz user as soon as they open an account. This card is issued by Visa and functions in the exact same manner. It will be accepted anywhere where Visa is and you can the same instant transactions. The only difference between the virtual and physical card is that the virtual does not exist in physical form. It still has the traditional 16-digit card number, an expiration date, and VVC security number. The ecoVirtualcard is available in the three most used currencies – Euro, British Pound Sterling, and the United States Dollar. The ecoVirtual card does come with some fees for issuing and using it, but we will get to that later on. This virtual card is available in 31 member states of the European Union / European Economic Area. Similarly to the ecoAccount, the ecoVirtualcard has four user tiers ranging from Silver to VIP.

The ecoCard is the physical variant of the ecoVirtualcard and it a full-fledged Visa debit card. For the sake of simplicity and to avoid confusion, the ecoCard is not a credit card and you can only spend money that you actually own. EcoPayz does not extend credit to any of its users and you will only have access to funds that you have deposited at your disposal. With that being said, The ecoCard is available in four different user tiers starting from Silver and going up to VIP. Needless to say, with each higher tier you will get to enjoy better limits. The ecoCard is available in three currencies – Euro, British Pound Sterling, and United States Dollar. Users from 31 European Union / European Economic Area will be able to acquire an ecoCard.

These are the primary services available at ecoPayz. Both of the cards are linked to your ecoPayz balance and any payment made will reflect on it. All in all, you have three different means of depositing to online casinos. One is directly from your balance, while the other two will have you using an ecoVirtualcard or an ecoCard.

Opening an Account

Opening an ecoAccount is easy and convenient, as well as, free. It can be done in a few minutes and it involves you entering your email address, you name, date of birth, your residential address and your phone number. All of this takes a couple of minutes at most and after that, you will be able to access your ecoAccount. However, with this information alone, you will be able only to use a Classic tier account.

In order to gain access to the higher tiers, you will have to supply some form of identity verification, including but not limited to, a government-issued ID, a utility bill, a bank statement, etc. A Classic account can perfectly suit your needs, but it does have significantly lower limits and that may not be high enough for some players. Verification takes up to a few days and after that, you will get to enjoy a much better service.

EcoPayz Account

Depositing to Online Casinos

As we have mentioned above, using ecoPayz to deposit to your online casino balance is quite simplistic. All you have to do is head over to the cashier page and choose your prefered means of payment. Select ecoPayz if you would like to deposit directly from your balance or Visa if you would instead like to utilize the ecoCard or ecoVirtualcard service. Enter the appropriate information and the sum that you want to deposit, then confirm the transaction. The payment will be processed instantly and you can immediatelly start playing with your newly-deposited funds.

Withdrawing from Online Casinos

When the time comes to cash in your winnings, you can always use the ecoPayzse service to accoplish this. Simply go to the cashier page and select ecoPayz as your service of choice. Enter the sum that you wish to withdraw and the relevant information, then confirm the transaction. When withdrawing directly to your ecoAccount, the transaction will usually take up to 48 hours to clear. Payments made out to your debit or virtual card may take a bit longer, usually between 3-5 business days.

Security

Since you are required to supply personal data about yourself and need to reveal your banking information, it would be prudent to find out about the security that ecoPayz provides. To save you some time and effort, we can happily conclude that ecoPayz features some of the best security systems that money can buy. Since the company is required by law to request personal information it must also be able to keep that data secure from unauthorized parties. EcoPayz takes strict measures to prevent this and prides itself on the level of security the company provides. For starters, all servers holding the information are stored in secure locations where access is heavily restricted, meaning that only authorized company employees can enter.

Additionally, all information sent through your browser is encrypted using SSL (Secure Socket Layer) protocols. These are commonly used across the Internet in many different industries, due to their efficiency and excellent track record. The data is encrypted using a 256-bit cipher which is notoriously difficult to crack. The sheer strength of the encryption is enough to prevent any theft of data as this kind of technology takes on average 100+ years to bypass using modern means. As a result, any attack on the company servers will ultimately prove meaningless and therefore, your information is safe from any potential wrongdoers.

Additionally, ecoPayz encourages each user to be responsible when handling their own data online. On the ‘Security Policy’ page of their website, you will find many excellent tips and recommendations on how to protect yourself when browsing the Internet and how to avoid scams. It is definitely worth a read and we cannot recommend it enough.

Online casinos use the same kind of technology when handling your personal and banking information. Therefore, your data will be secure on all possible fronts and you can enjoy your time gambling without having to worry about your personal funds being at risk.

EcoPayz Security

Fees and Limits

One of the less desirable aspects of ecoPayz is in the fees that users pay for the services rendered. Each service offered by ecoPayz – ecoAccount, ecoCard, ecoVirtualcard – comes with its own set of fees and limitations and here we will outline the most important. Fair warning – the figures posted below are in United States Dollars, but they may and most likely will differ in other currencies.

Starting with the ecoAccount, it is completely free to register with ecoPayz, however, funding the balance is a different matter. Depositing via bank wire will cost you anywhere between 0% and 7% of the deposit amount, whereas funding the balance with a credit card will set you back 1.69-2.90%. The currency used to deposit is of no consequence as ecoPayz will convert it to that of your account for free. However, when you make a payment in a currency other than your default one, ecoPayz will charge you between 2.99% and 1.25%, depending on your account standing. If you wish to withdraw your balance to your bank account, ecoPayz will charge you from $7.24 – $12.27 for Silver users to $3.56 – $8.59 for VIP users. This option is not available to Classic accounts. Transferring money from your ecoAccount to that of another user’s will set you back 1.5% (no less than $0.61) if you are a Silver user, while Gold, Platinum and VIP users have this option for free. Finally, if you are inactive for more than 12 months, ecoPayz will deduct $1.84 per month. The maximum transaction that you can make per day goes as high as $3,068.33 for VIP members.

As far as ecoCard is concerned, issuing and activating the card will come at no cost to you. However, withdrawing cash from an ATM will cost you 2.00% ($1.50 at minimum) of the total sum. Financial services, defined as Forex, bank services, travelers checks, security brokers, etc., will cost you 4.00% ($0.80 at minimum) of the total sum. If you forget your PIN number, you will have to pay a token $0.50 for a reminder, while losing the card and having it replaced will set you back $12.50. This does not include card renewals or cancellations, as those come free. Making payments in a currency other than your default one will cost you 2.99% of the whole sum due to currency conversion costs. The maximum amount of money that you can withdraw from an ATM is limited to $500 for Gold, Platinum and VIP users, whereas Silver account holders can only take out $250. Similarly, the maximum transaction that you can make online is limited to $1,000 for Silver accounts and $2,500 for Gold, Platinum and VIP accounts. The expiration date of the card is set 4 years from the issue date.

Finally, ecoVirtualcard is the service that comes with the least amount of charges. The cost for issuing and activating the card will cost you $2.30. After that, you will only have to pay charges for cash services, as mentioned above, and for currency conversion when depositing in a different currency. The maximum transaction that you can make with a virtual card is limited to $700 for Silver and Gold users and $1,000 for Platinum and VIP users. A virtual card will last for a whole calendar year, or 12 months in other words.

EcoPayz Fees

Conclusion

When it comes down to it, EcoPayz is one of the most diverse and accessible payment methods out there. Using this service, you will have multiple options where depositing to online casinos is concerned. You will have at your disposal an eWallet and two different Visa cards. With EcoPayz, you will get to enjoy instant deposits, regardless of which option you choose, as well as, speedy withdrawals. The service is available in many countries across the globe, meaning that gamblers from many different nationalities will be able to make use of it. Coupled with the fact, that you can use upwards of 40 currencies, makes for a highly attractive package. However, EcoPayz is not without problems and most of them are associated with the fees. For many of the actions that you would normally take using EcoPayz, there is so form of fees involves. While these are relatively small and are unlikely to break the bank, they are significantly higher than most other online payment services and will pile up if you use the service too much.

Of course, there is always the argument that good things are worth paying for and EcoPayz is nothing if not a quality service. It is no surprise that it is accepted at such a large number of online casinos, nor the fact that it enjoys a wide user base across multiple countries. Overall, it is up to you to weigh the positives and the negatives against each other and draw your own conclusion. As far as our opinion is concerned, we can state with full confidence that EcoPayz is worth your time but if you do not feel the same way, we have covered many other payment solutions here and you should look definitely take a look at them.

Additional Payment Methods

Comments are closed.

Tweet about this on Twitter
Twitter
Share on Facebook
Facebook
Share on Google+
Google+
Share on LinkedIn
Linkedin
Share on Reddit
Reddit