What is ecoPayz?
ecoPayz is basically an online e-wallet, linked to an ecoAccount that has to be opened on the ecoPayz website. This takes literally only a few minutes and the account, after responding to an account activation e-mail, is immediately ready for use. However, this is a ‘Classic’ ecoAccount of which the only possibilities for usage are to upload funds to the account and make online money transactions to and from ecoPayz merchants.
The ecoAccounts are divided in the ‘account levels’ Classic, Silver, Gold, Platinum and VIP and the higher the level (determined by the usage of the account) the lower the fees, the more features are available and the higher the limits that can be transferred.
To be able to use the full range of possibilities (such as withdrawing money from the ecoAccount to a regular bank account, sending money to other ecoAccount holders all around the world and to pay for goods in multiple currencies) it’s best to upgrade the ecoAccount to a ‘Silver’ Account right away. This is done by providing the ecoPayz customer support with additional identifying documentation such as a copy of the passport / ID, of a recent utility bill, certificate of residence, bank statement etc.
After upgrading the account to ‘Silver’, which procedure can take some time as ecoPayz needs to verify the documents, the wallet needs to be uploaded with funds. EcoPayz accepts a huge amount of international and local deposit options such as credit/debit cards, internet banking, pre-paid cards, other e-wallets and the account can even be upgraded by cash payments. The availability of these deposit options, as well as the possible fee charged and processing time of the deposits, depending on the method used and the region the account holder is residing in.
With a Silver ecoAccount, users can apply for a plastic ecoCard which is a debit card issued by MasterCard and is connected to the ecoAccount. This card can not only be used to make payments everywhere on the internet where MasterCard is accepted and in the millions of MasterCard accepting physical ‘points of sale’ all around the world, but also to make cash withdrawals from any ATM connected to the MasterCard platform.
Another option is to issue an ecoVirtualcard on the ecoPayz website, which is a one-time-use MasterCard number that can be uploaded with funds from the ecoAccount and subsequently can be used too, only for one time, to make an online payment.
Just like the ecoCard also the ecoVirtualcard can be used anywhere MasterCard is accepted.
Payments made with the ecoAccount, the ecoCard or the ecoVisualcard are carried out instantly, anonymously and according to the latest technological standards in terms of customer protection, safety and security. Also the fact no personal or financial data about the customer is shared with third (payment receiving) parties contributes to the reliability of the payment solutions, as is the use of SSL encryption during all transactions.
Although opening an ecoAccount is free of any charge and also for sending money to (and receiving money from) ecoPayz accepting e-merchants no fee is calculated, for some essential account activities (funding the account, online transactions, peer-to-peer money transfers and withdrawals to bank accounts) service fees are charged.
Many features of the ecoPayz online payment options can also be carried out on an Android, iOS or Windows operated mobile device (smartphone, iPhone or tablet).
Paying with ecoPayz in an Online Casino
The procedure to pay with ecoPayz in online casinos is simple and fast. Just opt for ecoPayz on the payment page of the online casino, normally under the tab ‘e-wallets’. Enter the amount to be transferred after which you’re redirected to the ecoPayz website. Subsequently follow the instructions to complete the payment with the ecoAccount, the ecoCard or an ecoVirtualcard.
Most online casinos don’t charge any fees for using EcoPayz as a payment method and transferred funds are instantly available on the casino account.
Can Players Top Up E-Wallets With Credit Cards And Play At UK-Licensed Online Casinos?
As of April 2020, The United Kingdom Gambling Commission banned all UK-licensed online casinos from accepting credit cards as a payment method. This means no credit cards can be used to deposit or withdraw at any casino with a UK license. This also means casinos shouldn’t accept money from e-wallets or prepaid debit cards with funds that originated from a credit card. The use of debit cards is completely unaffected by this ban.
Withdrawing with ecoPayz in an Online Casino
Withdrawing funds from the casino account is only possible with the ecoCard and the eco Account (as the ecoVirtualcard is a one-time payment processing feature). This is done in the same way as a deposit is made. A withdrawal made with ecoPayz can arrive instantly on the ecoAccount or take up to 2 days to be completed. Most casinos don’t ask any withdrawal fees.
Advantages of Using ecoPayz
The use of ecoPayz online payment solutions in online casinos has numerous advantages, of which the most important are the following:
- EcoPayz payments are completed instantly making the transferred funds immediately available on the casino account
- The ecoPayz transactions are carried out according to the most sophisticated banking safety standards and therefore can be considered completely safe and secure
- EcoPayz payments are anonymous as no information about the depositor is disclosed to receiving or any other third parties
- Both opening a free ecoAccount as well as using the service is extremely easy
- EcoPayz is accepted in a wide range of online casinos, available in several countries and the payment method accepts a huge amount of ecoAccount funding sources
- The payment service can also be used to make withdrawals from the casino account
- As pre-paid (debit) cards the ecoPayz solutions allow players to manage spendings.
Disadvantages of using ecoPayz
Possible disadvantages that could be experienced when using ecoPayz are:
- For most of the features attached to its payment solutions ecoPayz charges a fee;
- The service is only available in 33 countries;
- Some players might consider having to subscribe to the service a disadvantage.
- Where to pay with ecoPayz?
All the above considered we must conclude EcoPayz can be excellent payment solution for many of the fans of the exciting Netent games. Check out in the list on this page which Netent Casinos accept ecoPayz payments.