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Nowadays, paying online and making financial transactions is as simple as pulling out a payments card at a merchant and tapping it at a terminal – and in some cases, online payments can be even easier. Among the popular payment methods used for shopping in e-shops, paying service providers, or making deposits at online casinos is EcoPayz, about which you can learn everything you need in this article.
EcoPayz is not just a regular payment method for making online payments but an innovative electronic payment system that uses security features and offers broad accessibility. It allows users to pay online quickly, smoothly, and easily. Sending money is possible with just one click, and withdrawing funds from various accounts, such as a player account in an online casino, is just as simple.
EcoPayz was established in 2000, making it one of the oldest payment methods facilitating online payments and other non-bank financial services. It is headquartered in the United Kingdom and is regulated by the Financial Conduct Authority (FCA), ensuring that its services are safe for users and that their transactions are protected from data breaches.
EcoPayz functions essentially as an electronic wallet, allowing users to pay not only online merchants and service providers but also in brick-and-mortar shops. With EcoPayz, it is possible to send and receive money in more than 40 different currencies, including cryptocurrencies, and no fees are charged for internal transfers. However, users may encounter fees for certain other transfers, withdrawals, or account maintenance under certain conditions.
Users of this electronic wallet can send and receive payments in 45 currencies, utilizing various options to deposit money into their EcoPayz account. Payments with this electronic wallet are almost instant, meaning there is only a minimal delay between sending money from the user’s account and receiving it.
EcoPayz offers users a plastic EcoCard MasterCard, which they can use just like a regular payments card. EcoPayz issues these cards in three currencies, allowing users to request separate cards in dollars, euros, and pounds.
Almost all deposit methods available to EcoPayz users for transferring funds from their bank account are free of charge. The deposited funds can then be used for both online and offline payments and, for example, for making deposits at online casinos that support this payment method.
Paying with EcoPayz is similar to paying with any other electronic wallet. Users can either use their EcoCard payments card, if requested, or select EcoPayz as their payment method at the gateway and enter their username and password to confirm the transaction.
EcoPayz can be used with all merchants and service providers who support it on their websites, as well as at some online casinos where users can deposit funds into their player accounts and use them to place bets on selected games. EcoPayz allows transactions in various currencies, including cryptocurrencies.
Account and transaction limits vary depending on the user’s account level at EcoPayz. A basic account allows transactions up to a total maximum of €100 (approx. 2 500 Kč), while a Silver level account has no such transaction limit.
These limits mainly apply to Silver accounts, as most deposit methods are unavailable for basic accounts.
Creating an EcoPayz user account is completely free. However, in the basic version, usage is limited, and most features are only available from the Silver level. Deposits into EcoPayz accounts are free of charge, except for deposits made via the Para service, where users are charged a 5% fee of the transaction amount. Money transfers from EcoPayz accounts are mostly free, including cryptocurrency transfers, but withdrawing money by bank transfer incurs a 1% fee of the transfer amount. Transfers to another Payz account are charged a 2.5% fee, deducted from the sender. A 5% fee also applies for payments in a different currency, and a €2 monthly fee is charged for prolonged inactivity of the electronic wallet.
Online casinos allow players to enter the exciting world of gambling and win big money anytime, anywhere, even from the comfort of home. However, players must register at the selected casino and create their own account. For registration and their first deposit, new players are usually rewarded with a welcome bonus, which may include bonus money to boost their first deposit, free spins, or other rewards.
Users with an EcoPayz account can also use this payment method to withdraw money from their casino account. These transactions are similar to regular bank transfers and usually take longer to process than deposits via EcoPayz. Additional fees may also apply.
To use all the services EcoPayz offers, users must create their own account. Registration is free and takes just a few minutes. This will create a basic version of the account, but it is recommended to upgrade to the Silver level for access to more services and features. Other account levels are available but require users to meet certain conditions and complete verification.
EcoPayz also offers its own mobile app, which users can download and install on their mobile devices for free, allowing them to have full control over their finances and transactions. The mobile app is available for smartphones and tablets running Android and iOS.
EcoPayz offers users significant benefits in terms of security, flexibility, and ease of use, making transactions truly simple and doable with just a few clicks. This payment method supports more than 40 currencies, including cryptocurrencies, and provides a high level of security. It is often used for deposits at online casinos due to its partial anonymity. On the downside, there are fees for certain withdrawals and transfers, which can reach up to 5% of the transaction amount. There is also a monthly inactivity fee of €2. Nevertheless, EcoPayz is highly popular and enjoys strong user support worldwide.
