As far as casino payment options providers go, ecoPayz has been offering its service since the year of 2000. It has its headquarters in Horsham, England, United Kingdom, but also has three locations around the country. It offers its solutions to customers around the world in 159 countries. Furthermore, there are 45 different currencies that can be chosen from when using this service. The company comes under the brand of PSI-Pay Ltd, which is an FCA regulated company. It provides instant, secure and private means to send and receive money globally. It does this via a few different methods, including bespoke virtual and physical card programs for companies.
The company was originally known as ecoCard when it first came to light in 2000. Due to this, it is known as one of the longest established digital wallets in the world. It would be known as ecoCard for a vast period of its existence, only altering its name to ecoPayz in 2013. This was so that the Group could differentiate its various solutions and brands. Furthermore, it would be in the same year that a mobile version of the service was launched. With this, customers have total control of their account while on the move. Since 2000, ecoPayz has gone through a number of great adjustments. For example, in 2009, PSI-Pay Ltd. became a principle member of MasterCard. This was for the purpose of issuing cards, meaning that ecoPayz has close ties to the popular payment method. And furthermore, in 2014 the ecoVirtuacard went through a re-launch. And one other great thing that has happened over time is the integration of multiple language groups. So, users can utilise the service in Italian, Mandarin, German and Arabic, amongst many others.
Using the Service
To put it simply, ecoPayz is basically an online e-wallet which is linked to an ecoAccount. The first thing that you need to do in order to use the service is to open an account. This can be done easily and directly via the official website. Sign up requires you to enter a username, email address, password, country and language. You also need to select the type of currency you want to use the account in here too. Additional personal information, such as name and address, is also able to be input at registration. Once you respond to an activation email, the account is immediately ready for use. However, this only provides a ‘Classic’ account to users. Such will only enable you to upload funds and transfer them to and from ecoPayz merchants. In order to take full advantage of the possibilities, you need to upgrade to a silver account. This is done by sending documentation in to confirm your identity. Then, simply upload funds to your account. This can be done by utilising multiple different payment methods, such as credit and debit cards, internet banking, prepaid cards and alternative e-wallets. Different deposit methods will be available depending upon your location. And in addition, you may incur certain fees depending upon the method you use.
Managing Funds with ecoPayz
While the e-wallet is the main feature of this service, ecoPayz also provides additional options to users. As we said, its most recent service addition is the ecoVirtualcard. These work in exactly the same way as standard prepaid cards, but in an online environment. Of course, standard prepaid cards can also be put to use online. However, if you’d prefer to not have a physical card on you, the virtual offering would be a better option. With prepaid cards, you’re able to spend your money in a safer way. You simply top it up with the amount you want and there isn’t any overdraft or huge credit limit to pay after. And furthermore, this can be put to use both nationally and internationally. Meanwhile, ecoVirtualcards are usable online and over the phone.
When you’re a silver ecoPayz member, you can apply for a plastic ecoCard. This is, of course, a debit card which is issued by MasterCard. This is the card that is connected to your ecoPayz account, so you’ll only be able to spend the money that you upload there with this. You can also utilise it at ATMs to withdraw physical cash from your ecoPayz account. Regardless of which way you opt to use this depositing method, all transactions are instant. Registering an account is free of charge, but there are some service fees for certain services. For example, if you make a credit card deposit into your account, a fee of 1.69 – 2.90% is charged. All fees can be found on the official ecoPayz website.
Casinos Where ecoPayz Can be Used
While many users of online payment services will know bigger brands like NETeller or Skrill, one shouldn’t discredit ecoPayz so swiftly. It’s able to be put to use in a number of different online casinos, and as we said, it’s available in 159 countries. Some of the locations that you’re able to utilise this payment method at include, first of all, Slotty Vegas. This is a great location to play at, thanks to its games which include Supercharged Wins. Should you play one of these games, the casino boosts each and every winning spin with extra funds. You also have the chance to use ecoPayz at Guts Casino and Luckland. Furthermore, there’s the option of Spinit Casino, where new players can receive up to €1,000 as a welcome bonus. Plus, there’s over 1,200 games for you to entertain yourselves with. Finally, don’t forget about Next Casino. Of course, there are many more locations that you’re able to utilise ecoPayz at.
Pros and Cons
The sheer simplicity of using ecoPayz is one of its major benefits. You can easily upload funds to your account and then put them to use at many online locations. Because transactions with this method are instant, you won’t have to wait around for the payment to complete. With that being the case, you have the ability to start playing your favourite casino games right away. Another great perk is that you’re also able to withdraw funds back to your ecoPayz account. So, whenever you generate some winnings from playing there, you can have them sent right back to your online wallet. This will usually be done fairly swiftly and shouldn’t take more than two working days. And what’s more, everything is safe and secure with this payment method. None of your personal details are shared while using it, so you can feel secure in the knowledge of anonymity. Of course, the fact that it’s available to use in multiple different currencies and in a nice range of languages is an extra boon!
Perhaps the biggest let down of using this method is that there are fees for doing so. This doesn’t apply to everything connected to ecoPayz, but for a large selection of things. So, if you prefer a service that doesn’t contain fees, this one might not be for you. Of course, unlike other payment methods, users need to register their details to this one. While this is not a major setback, it’s still something that some people may find frustrating. There’s also an account inactivity fee charged after 12 months, so if you forget about owning such, you’ll be charged at €1.50 per month.