One of the first things that we noticed is that EcoPayz casinos are only available where online gambling is legal. That being said, if you are located in the United States, you wont be able to use this e-wallet.
Players located in countries like: Australia, Canada and England can enjoy EcoPayz services, including deposit and withdrawals with total comfort and security. Withdrawals are known for taking longer than deposits, but this method is still faster than others we reviewed.
Many users will love the fact that EcoPayz payments are 100% anonymous.
If you verify your account to Silver level, you will be entitled to receive an ecoCard – which is basically a debit card issued by MasterCard and approved to fund any PayPal account.
Some info about EcoPayz
One of the veterans in the online money handling business and one of the best known is the EcoPayz system. It has been enabling online financial transactions since the year 2000, in the early days of internet itself, and is still going strong.
Initially, the company was called EcoCard, and rebranded in 2013 when it took on the name EcoPayz. Naturally, all customers’ existing accounts, both business and merchant, as well as EcoCards continue to be operated by the same company.
An integral brand, EcoPayz is currently managed by a British e-money creator PSI-Pay, and it proudly follows the regulations of the UK Financial Services Authority.
Cards do happen to be mentioned, physical and virtual, but in its core this payment method is a digital wallet.
We’ve investigated what is the nature of an e-wallet such as this one and what are the perks of using it.
We’ve also prepared a list of the most respected online casinos that support it, so you can give it a try at all the right places.
How EcoPayz works
What you need to do as a first step toward using EcoPayz for your online financial transactions is to join their website and create an account.
Filling out the registration form takes only a couple of minutes, and after it is completed you are considered a legitimate member.
An opened account becomes eligible for transfers of all kinds, purchases and deposits, as well as receiving money (in order to withdraw money you will need to verify the account).
Upon registration, you will get access to a “Classic EcoPayz account”. There are five account levels – that are classified by usage:
Yes… as you can imagine, the higher the level, the more features the account will offer – which includes higher limits and lower fees.
In order to use the full range of services offered by EcoPayz, we recommend to upgrade to Silver right after you register. This will require a couple of additional documents:
- Passport Copy or ID
- Utility bill
- Certificate of Residence
- Bank Statement
Silver EcoPayz account users may apply for a plastic ecoCard, which is basically a debit card issued by MasterCard that is connected to the ecoAccount. Not only will be able to process any deposits to casinos accepting EcoPayz but also cash out money in any ATM.
No need to remark, EcoPayz is widely accepted outside the gambling world so the possibilities are unlimited.
After all the registration, upgrade and verification is done, you need to move forward and fund your account. EcoPayz accepts a wide variety of funding methods which includes: debit and credit cards, wire transfers, other e-wallets, etc.
EcoPayz and PayPal
As mentioned previously, Silver EcoPayz accounts are entitled to receive an ecoCard, a debit Card issued by MasterCard that can be used to send money in PayPal.
This integration is practical and allows you to reach a wider range of online casinos that accept Paypal for deposits and withdrawals.
If you add the option of buying Bitcoin from your PayPal account, then you covered an additional group of online casinos accepting Bitcoin that pretty much gives you plenty of options to choose from (U.S friendly advice ;).
Depositing at EcoPayz casinos
So how can you use it for depositing funds to an online casino’s account?
Well, after accessing a casino of choice and going to the banking section, you are supposed to choose a deposit method. Go for EcoPayz or EcoCard, whichever logo shows up since they are practically interchangeable.
The casino software will redirect you to the e-wallet, and you will finalise the deposit from there. The funds you designate for the deposit are instantaneously transferred and become available at the casinos cashier.
Good news is that you can also withdraw money from your EcoPayz, but it can sometimes last longer than depositing, even a couple of days in some cases.
Things to Notice
When you go to the EcoPayz website you will quickly become aware of the levels their accounts are divided into. There are Classic, Silver, Gold, Platinum and VIP level accounts, from lower to higher position, respectively.
This is an important occurrence to keep in mind because the higher he level, the better the features that come with it and that means you can maximally exploit the advantages of such an account.
If you can’t upgrade to any higher level, at least try to reach the Silver, as it enables cashing out money and transferring it to a regular bank’s account, unlocks more currencies, and so on.
Advantages of EcoPayz
Looking at pros and cons of EcoPayz system, we can say both exist.
Some paramount aspects are in favour of the EcoPayz method, like security.
The most sophisticated banking standards are applied during every transaction, which is why it can’t be considered any less than completely safe. The protection is guaranteed even more for the fact that you as a payer remain anonymous throughout the whole process.
There is not much you can’t do with your EcoPayz account – it’s a good thing that online casinos are not the only destination you would be directing your money to and from, even though you’ll be having most fun doing just that.
Downsides of EcoPayz are unpleasant requirements like registration and subscribing to the official company’s website. It’s not like it takes ages, but some players get irritated and impatient in front of preconditions like this. Furthermore, this is not a financial service available on an international level – the number of countries that support it amounts to over thirty, for the time being.
If you don’t find your state of residence in the selection menu, you won’t be able to acquire an account to your name.
As for charging fees, don’t be surprised to be subjected to some extra expenses along the way. The fees are typically 3-5% of the deposit amount.
All in all, an experienced online payment system like EcoPayz won’t let you down, but it mostly depends on your personal needs whether you will find it to be most suitable for internet gambling. Supposing that you do, pay a visit to some of the casinos on our list!
EcoPayz casinos FAQ
1. Are casinos accepting EcoPayz available in my country?
EcoPayz casinos are available in 33 countries: if online gambling is legal in your region, the answer is yes. EcoPayz accepts online casino deposits and withdrawals in jurisdictions where you can play legally. No shady practices allowed! Excluding players in the States, users from all major countries are able to enjoy this great service.
2. Do I need to register for a EcoPayz account?
YES. The initial registration form is quite long (including the verification and document upload) and you have several account types to choose from. The good side is that after the initial registration, you wont have to repeat this process again and from there on all the steps are straight forward with no hassle. Once you registered, you get access to a “Classic EcoPayz account” which we recommend to upgrade to Silver, for full service access (including withdrawals and plastic cards).
3. Is it a safe payment method to use at online casinos?
Due to Top notch banking safety standards and options, we can say with certainty that EcoPayz is a safe payment method. You will have so many ways to deposit and withdraw funds, that you will definitely feel comfortable operating here: Eco Account, Debit Card, One time payment cards… a complete service that will get you covered.
4. How “Instant” are EcoPayz deposits and withdrawals?
EcoPayz allows instant deposits but withdrawals may take a couple of days, still, you can complete the process with such ease that we recommend it if you don’t mind waiting a couple of days for the money to arrive. After upgrading to a Silver account, all steps are really smooth.
5. What options are out there if EcoPayz isn’t available in my region?
If you are not located in one of the 33 available countries, don’t worry. We are dedicated to offer the most relevant casino banking methods and contribute to the best possible casino experience. Depending on your region, you may consider using Skrill, Neteller or credit cards such as VISA or MasterCard which are widely accepted.
Interesting Facts about EcoPayz
EcoPayz was initially called EcoCard
Rebranded in 2013, we guess that EcoCard was a straight forward name that suggest only cards, while EcoPayz is offering a full umbrella of services that are not limited just to plastic cards.
- Instant deposits
- ecoVirtualcard available for a 1 time payment
- Debit card (MasterCard) also available
- No information shared with 3d parties
- Top notch banking safety standards
- No US friendly
- Couple of days to receive withdrawals
- Many, many fees for extra features
- Registration / Verification not suitable for everybody