Top ecoPayz Casinos
ecoPayz is a global service provider offering a range of payment solutions for professionals, businesses, and consumers. In recent years, it has become one of the most popular payment methods in the online gambling industry and is ubiquitous on sites regulated in Malta and Curacao.
In this guide, we’ll highlight the best ecoPayz casinos available right now, showcasing all the pros and cons of this payment method and comparing it to other solutions.
What is ecoPayz?
If you’re new to this payment method, you might be a little confused as to what it does and whether or not it can benefit you.
Is it EcoCard or ecoPayz? Is it like PaySafeCard or PayPal?
In truth, it’s not complicated at all. In fact, ecoPayz is similar to other top casino payment options, in that it facilitates the movement of money between accounts and merchants while also offering prepaid cards.
The user-interface is simple, the software is secure, and you can benefit from a few features designed to make your life easier.
The History of ecoPayz
ecoPayz was founded as EcoCard way back in 2000. It may seem like a relatively new online payment method, but this starting date means that ecoPayz is older than hugely popular methods like Skrill. It is also just 2 years younger than PayPal, which seems to have been around forever!
The problem is, ecoPayz didn’t grow as quickly as some of its rivals and it didn’t receive regulation until 2008, when its parent company, PSI-Pay, was licensed by the FCA.
By 2011, the company had signed deals with Mastercard, launched its own mobile applications, and began working with a host of major merchants.
In 2013, EcoCard rebranded as ecoPayz and over the next few years, it exploded in size and popularity, launching a wealth of new products and establishing itself as a leading force in the online payments industry.
It is during this period that ecoPayz became more prominent in the online gambling industry, especially in countries like the United Kingdom and Canada.
What are the Best ecoPayz Casinos?
Some of the best casinos available in Canada and the United Kingdom accept ecoPayz. You can see a full list at the top of this page. All of the casinos listed here accept ecoPayz, along with a multitude of other payment methods.
They may or may not be available in your location, but if you click the links and read the reviews, you can find more information on country restrictions, deposit/withdrawal limits, bonuses, games, and everything else you need to know.
ecoPayz Casinos for High Rollers
As discussed a little further down, ecoPayz has five different account levels and your level will dictate everything from the available features and total fees, to your deposit and withdrawal limits. The latter is important, because if you’re stuck at Silver level as a high roller, ecoPayz probably isn’t the best option for you.
In fact, if you’re gambling tens of thousands of Euros at a time, you should probably avoid it altogether. In such cases, you may find that you encounter limits from both the casino and the payment method. You may also be hit with currency conversion fees and other minor annoyances.
But don’t despair, as we have plenty of resources aimed at high rollers here on WebXCon. We find that Bitcoins, debit cards, and even bank transfers work best for big spenders, and have a multitude of guides relating to these methods.
For instance, we have an extensive guide on the best Bitcoin casinos for high rollers in which we discuss everything from the deposit process to the benefits of using Bitcoins, the games you can play, and more.
How Does ecoPayz Work?
To start using ecoPayz, you just need to visit the ecoPayz website and sign up for an account. From there, you are free to load your account using a multitude of payment methods and then send money to friends and merchants.
Just like PayPal and other e-wallets, you can receive money through ecoPayz and then spend this on other sites.
There are some ways that ecoPayz is similar to other payment methods and some ways that it differs. The three things you need to know are:
1. Verifying with ecoPayz
As with PayPal, you need to verify your ecoPayz account to get the most out of it. We recommend doing this as soon as you join.
The sooner you set the wheels in motion, the sooner your account will be verified. And if you encounter any issues, you can deal with them straightaway.
You need to submit personal identifying information and a proof of address. Typically, they will ask you for a copy of your ID (including passport), a utility bill, and a copy of your bank statement. Make sure you have these things prepared.
2. ecoPayz Account Levels
There are five levels to ecoPayz membership, and your level will determine everything from your fees to your deposit limits. Firstly, let’s look at the features and fees:
- Classic Features: The most basic level, and also the least impressive. You can still use the ecoPayz website and many of its services. However, you can’t use bank transfers or ecoAccount transfers and may be hit with higher fees when performing other transactions.
- Silver Features: All of the company’s services become available.
- Gold Features: Similar benefits to the previous level, but with a few key differences. Rather than paying 1.5% for a transfer to another ecoAccount, all transfers are free. In addition, you’ll pay 1.49% for a currency conversion, as opposed to 2.99%.
- Platinum Features: The same features as the previous level, but with better limits (discussed below). • VIP Features: Bank transfers become much cheaper at this level, as do zestPay transfers. Currency conversions are also slightly cheaper, dropping to just 1.25%.
As you can see, the differences aren’t huge, but if you’re moving large sums of money those seemingly small differences all add up. More importantly, your limits will also increase as you advance through the levels:
- Classic Limits: Your total lifetime transfer limit is €2.500 and you can’t deposit more than €200 per day using a credit or debit card.
- Silver Limits: There is no total lifetime limit, a maximum single transaction of €1,000, and a maximum daily transaction of €3,000. Your account balance can’t be higher than €15.000.
- Gold Limits: Max single transaction increases to €1.500, with a maximum daily of €5.000 and a total balance no higher than €100.000.
- Platinum Limits: Max single transaction of €2.000, with a maximum daily of €6.000 and a total balance no higher than €120.000.
- VIP Limits: This is when things really get exciting, as many of the aforementioned limits disappear. There is no maximum account balance, single credit/debit card transactions jump to €2.500, and you can process a maximum of €50.000 a month.
This is just a quick rundown of the limits and features associated with different ecoPayz limits. For more information, check your ecoPayz account pages, where you will also find details on how to advance through the levels.
3. Depositing with ecoPayz
You can deposit using a multitude of payment methods. These methods include ecoVouchers, bank transfers, credit cards, and debit cards. ecoPayz also accepts transactions through other e-wallets and alternative payment methods, including PayPal and NeoSurf.
Getting the EcoCard
As soon as you verify and make it to the Silver level, you can apply for an EcoCard. This card is backed by MasterCard and it is connected to your ecoAccount.
You can use this MasterCard to make deposits at online casinos and to purchase items from retailers. It’s a great accompaniment to your ecoPayz account.
Pros and Cons of Using ecoPayz
Some of the pros and cons of using ecoPayz will have become evident already, but these are worth clarifying, nonetheless:
Pro: Great for Bankrolls
E-wallets are tailormade for gambling bankrolls.
A bankroll is the money that you use for gambling purposes. The idea is to set a budget for the month and make sure you stick to it.
With a service like ecoPayz, you can move all of your monthly budget to your account and then make sure you don’t deposit any more. The money can then be used to deposit on a multitude of casinos, sports books, and poker sites.
You know exactly how much of your budget remains and as it keeps a record of transaction dates, you also know when it was deposited and when you are ready to deposit again. If you win any money on one site, you can withdraw it to your balance and from there it can be transferred somewhere else.
Of course, the same is true for all e-wallets, including options like Neteller, but it’s worth noting, nonetheless.
Pro: Safe and Secure
ecoPayz is a very safe and secure service, and you shouldn’t encounter any issues with your account or chosen casino. E-wallets like ecoPayz use some of the most advanced security in the industry and unless you expose your account details to someone, there should be no issues.
Make sure you use a unique cryptic password, add two-factor authentication, and don’t give your details to anyone.
Many services provided by ecoPayz are offered free of charge and as you advance through the levels, the fees get lower. However, as with all e-wallets, you will be hit with charges for using certain payment methods, transferring money, and switching between currencies. The lower you are in the levels, the higher these fees will be.
The support at ecoPayz is not bad, far from it. We have personally had a lot of good experiences with the ecoPayz support team and have found them to be nothing but professional and helpful.
However, e-wallet support teams are often limited in what they can do, what they are willing to do, and how you can get hold of them, and ecoPayz is no exception.
Of course, the same is true for most other e-wallets, but the support is generally much better for options like credit cards and debit cards, as banks and providers have more options and are more committed to meeting their customer’s needs.
More importantly, if you ever have an issue with a bank, you can file a complaint, go through the official process, and have a dedicated team respond to you. More often than not, they will offer you financial compensation and make sure your issue is resolved.
If you ever have a similar problem with an e-wallet provider, you’re more likely to be dragged through endless emails and support requests, only to end up going nowhere.
ecoPayz is not as widely accepted as credit cards and debit cards. It is somewhat more popular than Bitcoins and other cryptocurrencies but you won’t find it listed on many online retailers.
Generally, while beneficial for most users and great for some, the majority will find that they are much better suited to Bitcoins and PayPal.
ecoPayz Gaming FAQ's
Personally, we lean more toward PayPal, but we’ve been using it for years and have only spent a few months with ecoPayz, so that might have more to do with it.