EcoPayz at Online Casinos – A Solid E-Wallet for Gambling
Nearly twenty years ago, EcoPayz was among the first brands that started offering e-wallet services. Today, online casino players are among the many large groups of people that decide to use this globally accepted platform for financial transfer services. Offering numerous services as well as prepaid card solutions, ecoPayz supports many foreign currencies and languages as well. Owned by the company PSI-PAY Ltd., EcoPayz is still one of the leading e-wallet platforms on the market.
Licenses and Accreditations
EcoPayz is regulated and licensed as an Authorised Electronic Money Institution by none other than the United Kingdom Financial Conduct Authority. In addition to that, EcoPayz is also a member of the Prepaid International Forum. Registered with the Information Commissioners Office, the platform is compliant with the Payment Card Industry and Data Security Standards. The parent company PSI-Pay Ltd. is also licensed to issue branded and unbranded financial products covered under the MasterCard transfer network.
Registering Your Account
You will be asked to choose a username, input your email, preferred password as well as an address and phone number. After checking the tick-box for agreeing to the Terms and Conditions, you will be able to click on “create account”. Once you’ve logged in the platform, you will be greeted by the “first-time tips” windows explaining briefly what you are looking at. Make sure that when you choose your preferred currency, it is the one you want as you might not be able to change it later.
Types of EcoPayz Accounts
Just as with other online payment platforms, here there are also different levels of accounts. The higher the level of your account is, the more you will benefit from it. EcoPayz has 5 types of accounts: Classic, Silver, Gold, Platinum, and VIP. Some of those accounts have better features than others; however, other elements are equal to all types of statuses. For example, sending money to or receiving money from Western Union is free for all accounts! Transferring to and from any EcoPayz merchant also comes free of charge. If you want to be able to fully utilize the features of the platform, you will need to upgrade t level “Silver” which happens if you verify your account with the use of a personal ID, that features your photograph and residence address.
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Some Charges and Fees
Using an e-wallet to send and receive money online isn’t a free service, but the fees are considerably smaller than those implemented by some banking and money transfer institutions. Bank wire transfers may cost you up to 7%, depending on your location, as well as the bank you’re sending your money from. Depositing to your EcoPayz through a credit card is taxed up to 2.90%, and a currency conversion fee will be implemented, that equates to 2.99%. EcoPayz also has an account maintenance charge of €1.50 per month, which is implemented after account inactivity for more than 12 months.
Virtual and Physical Prepaid Cards
Using an ecoCard in online casinos is definitely convenient when you need to make a deposit, but that’s not all. With ecoPayz, you can get a physical prepaid MasterCard, for free, without having any bank account. You can have up to 3 ecoCards, for €, $, and £. Because it is essentially a MasterCard, you will be able to use at every location around the world. Although free, bear in mind that some fees for issuing this card may apply, depending on where you live. Last but not least, if you do decide to get your ecoCard, you can do so only after your account is upgraded to at least to level “Silver”.
The ecoVirtualcard is one of the most amazing features of EcoPayz. It is for single use only, which means that you won’t have to worry about it being stolen, lost or damaged in any way. Under the Prepaid Cards options in your account, you will be able to generate a unique virtual card for each payment you would want to perform at any online shop or vendor. You can generate it in the same currencies as your physical cards – just make sure you watch in which currency your balance is, as you probably want to minimize any conversion fees.
Bonuses of Using EcoPayz
Because of the partnership of the company with the MasterCard brand, most promotional offers released by the financial network giant also give an opportunity to EcoPayz cardholders to benefit from them as well. It is also known that online casinos often release promotions connected to the use of a specific banking method; if you would like to find out if this is so, the best thing to do is contact the customer support agents of the casino in question.
EcoPayz Mobile App
The app is ready and available for download from Google’s Playstore. A downside here would be the fact that the app itself doesn’t seem to be offered for iOS – meaning that iPhone users will need to use the mobile version of the website in order to gain access to their account. While some time ago an iTunes version was available, it seems that it was removed from the Apple store. If you’re an Android user, you will be able to utilize all available financial instruments of the platform itself.
EcoPayz in Online Casinos is Often Offered as a Method
Most online casinos like to work with EcoPayz, because they are secure and swift. Any transfers that are initiated, happen almost instantly; of course, if the casino has a long withdrawal verification process, it might take up to a day; however, in most cases, this happens in a couple of hours. You also can use the extra time in order to reverse a withdrawal decision, so having to wait for a bit can be an advantage for you.
An E-Waller Review Epilogue
EcoPayz gives every user the ability to be their own bank teller, without numerous rules and complications. With this e-wallet service provider, financial management becomes a breeze like no other – and this is probably the main reason why the company enjoys a fan base among the hundreds of thousands. Check out EcoPayz and it just might be the e-wallet platform for your online casino needs.