ecoPayz is a UK-based online payment processor duly regulated and licensed by the Financial Services Authority of the United Kingdom. Although its name may give an impression that ecoPayz is just another typical debit card, this service successfully combines the features of an e-wallet and a prepaid card. Read on to learn more about how ecoPayz work: how to register for ecoPayz, how to deposit and withdraw money as online casinos using ecoPayz, the fees, and timeframe associated with ecoPayz, and its advantages and disadvantages compared to other payment processors.
ecoPayz provides payment processing services that are either done over the Internet or through a prepaid card. The company has been active for the last two decades, innovating products that will best provide the needs of customers who want to perform online payments and transfers quickly and instantly. ecoPayz has also been authorized to offer prepaid debit cards by MasterCard. They also have a fully functional mobile app and a dedicated customer support team available 24/7. In 2013, their product was originally called ecoCard and was eventually rebranded to ecoPayz which better represented their suite of services, including ecoAccount, ecoCard, ecoVirtualcard and Business Accounts. ecoPayz offers not just one, but three different services to receive and send payments: ecoAccount, ecoCard, and ecoVirtualcard. In order to have access to any of the three, you need to register for a specific service first. In order to enjoy the features of the ecoCard and ecoVirtualcard, you should have a silver membership.
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You need to sign up for an ecoAccount to be able to pay for products and services from e-commerce sites which also includes online gambling sites. When you have an ecoAccount, you can get an ecoVirtualcard and up to three ecoCards in various currencies.ecoCardecoPayz has a prepaid card called ecoCard that can be linked to the ecoAccount which can be used to pay for products at a bricks-and-mortar store or transfer funds to an online casino account. The ecoCard works like a typical debit card so you will only be allowed to spend an amount that is within your current balance. ecoCard silver accountholders can get an ecoCard without undergoing credit verifications or have an existing bank account.
The difference between an ecoCard and an ecoVirtualcard is that the latter can only be used once so the risk of getting your details stolen is highly impossible. This benefits users since they can buy something over the Internet or over the phone without any danger of information leaks. It is also possible to obtain an ecoVirtualcard without having a bank account or passing any credit check.
It’s easy and free to sign up for an ecoPayz account. You just need to visit the ecoPayz website, supply the required personal information, and create your ecoPayz username and password. It only takes several minutes to complete the registration process. You will receive an email notification telling you to finish setting up your ecoPayz registration. After this, you will be able to choose whether to get an ecoVirtualcard or ecoCard.
Note: ecoPayz is currently not available to US online casino players.
Before transferring money to your online casino account, it is important to ensure that your ecoCard has sufficient funds which you can do either through bank transfer (for Canadian residents, electronic funds transfer) or using your credit card. Funding your ecoCard through your credit card will cost you 2.9% of the deposit amount while electronic transfers have a fee of 4.9%. There are no fees for bank wire transfers but you need to confirm with your bank for fees they will charge you for the transaction.
Once your ecoAccount is set up and funded, you can now perform funds transfers at any ecoPayz authorized online casinos. Sending payments to online casinos is free of charge. You can also opt for one of the two ecoPayz MasterCards; a prepaid debit card or a prepaid virtual card. You can use the prepaid debit card at any Mastercard-affiliated point-of-sale or ATM. On the other hand, the virtual card, which contains a 16-digit card number, expiration date, and security code, works like a typical credit card. Take note that ecoPayz will charge 2% based on the amount deposited to the virtual debit card.
The next step is to access your account at the online casino, head over to the deposit or payment section and select ecoPayz as the payment option. Indicate the amount that you want to transfer from ecoPayz and confirm the transaction by typing in your ecoPayz user ID and password. Once you submit, the funds will be transferred to your online casino account, and you can start enjoying your favorite online casino games!
Redeeming funds from your online casino account to ecoPayz does not incur you any cost. You simply transfer the amount to your ecoPayz account and withdraw the funds to your bank account. Note that you will be charged a flat fee of $14 for every transaction. If you withdraw cash using the ecoPayz prepaid debit card, you will be charged 2% of the total amount withdrawn.
Pro#1: Very Secure ecoPays ensures the highest level of safety and security for all account holders. This is a great feature especially if you are sending to and receiving funds from an online casino.
Pro#2: One-Time Use for Added Security The company’s single-use virtual card is another security measure that most online gamblers will enjoy.
Pro#3: Access to 3 ecoCards If you have a silver membership at ecoPayz or higher, you can obtain three ecoCards free of charge.
Pro#4: Several Deposit Options There are different ways to upload funds to an ecoPayz account, such as through local bank deposits, international bank transfers, or using a credit card or debit card.
Pro#5: Higher Limits ecoPayz has higher deposit or withdrawal limits compared to other payment methods available. You can choose to deposit or withdraw bigger amounts which is great if you like to play often at online casinos.
Con#1: There is only one major disadvantage in using ecoPayz and this refers to US players not being able to utilize ecoPayz for deposits and withdrawals to online casinos.
There are many reasons why you should consider using ecoPayz for your online payments except for US residents. ecoPays has an almost perfect online payment processing system so you can be sure that you can quickly see your deposits and withdrawals without any trouble. ecoPays is widely accepted in reputable online gambling sites which makes it a great choice for any avid online casino player!