EcoPayz Casinos 2020

EcoPayz Facts
ecopayz-logo
Company: PSI-Pay Ltd.
Founded in:2000
Headquarters:Afon Building, Worthing Road, Horsham, West Sussex, RH12 1TL, England
CEO: John Daw
Website:ecopayz.com
Available in:+30 countries
Best EcoPayz Casino:NetBet
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Although Casino.Guide is primarily a casino review portal, we see it as part of our duty to help you better familiarise yourself with the different payment methods available.

After all, there are far more options out there than your credit card, and it’s important to know a) which ones exist b) which ones work best with online casinos, and c) which are compatible with Canadian accounts.

Answering these questions is what has brought us to this ecoPayz casino review in which we will detail for you what ecoPayz is all about, how easy it is for you to use, its advantages over other online casino payment methods (especially for Canadians), and so much more.

EcoPayz Pros and Cons

Hits:Misses:
  • Works great with CAD and supports multi-currency accounts!
  • Exceptionally safe and secure
  • User-friendly website and mobile app – with simple functionality and at-a-glance reports
  • 24/7 customer support in multiple languages
  • Withdrawal times can be up to 5 business days (though usually far less)

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A Bit of ecoPayz Background

Established in the UK in the year 2000, ecoPayz, is a PSI-Pay Ltd. brand, that has now been providing more than 20 years of safe and secure payments to millions of customers worldwide.

ewalletA true pioneer in the digital wallet space, this fully international e-wallet service was actually initially born under the ecoCard name. It was only in 2013 after having added numerous related products to its services that the company was rebranded as ecoPayz, as it is known now.

The ecoPayz brand is actually an umbrella for a number of related solutions including ecoCard, ecoAccount, ecoVirtualcard, ecoPayz Merchant Account, and ecoPayz Business Account.

In 2009, ecoPayz was the first financial institution to launch its own iPhone app, which has since been updated multiple times, with newer versions now available for Android as well.

ecopayz mobile appTruly dedicated to convenience, in 2010, the company went even more international, adding full 24/7 multi-lingual support to help customers in whatever language they speak, regardless of geographic location and time zone.

Highly regulated and secure, ecoPayz initially gained Financial Conduct Authority (FCA) accreditation in 2008, as a Specialised Electronic Money Issuer, and in turn is subject to the FCA’s strict regulatory and supervisory requirements in kind. In addition, ecoPayz is regulated under the UK FCA as an Authorised Electronic Money Institution, has Payment Card Industry (PCI) and Data Security Standards (DSS) compliance, and is a Principal Member of MasterCard International Incorporated, which gives it licensing to issue both debit and prepaid cards.

Today ecoPayz is one of the leading electronic wallet services, and prides itself on delivering “instant, safe and convenient payment services to customers and businesses across the globe”.

How Does ecoPayz Work?

Setting up an ecoAccount is easy, and free. Just follow these four steps from start through casino deposit when you are ready to begin.

Step 1: Go to the ecoPayz website and click on the ‘Sign up’ link

The link is found in the top right corner of any page. Once you click this link, a form will appear on your screen.

Step 2: Fill in the short form, and submit

In the first half of the form, you will be asked to fill in your ‘Account information’. This is where you set your username, password, and choose your currency (make sure to choose ‘CAD – Canadian Dollars’ here). The next section, ‘Personal information’ is where you will provide your name, phone number, mailing address, and how you plan on funding your ecoAccount.

Once you have finished filling out the form, click the button at the bottom of the page ‘Create Account’ to complete the process.

Step 3: Top up your account

Now that you have created your account, you will need to add money to it to make it effective. To do this:

  • Log in to your account
  • Choose ‘Deposit Funds’ from the menu
  • Select the funding method you would like to use from the dropdown list – credit card, debit card, international bank transfer, or a local deposit option
  • Then follow the onscreen instructions from there

Step 4: Deposit at any reputable online casino that works with ecoPayz

Once you have money in your ecoPayz account, you’re ready to begin funding your online gambling at any number of reputable online casinos that offer ecoPayz as a payment option for Canadian players. For help finding such an establishment, we refer you to our many casino reviews for Canadians, where you can find highly rated casinos that work with ecoPayz.

How Long Does the ecoPayz Payment Process Take?

arrow_icon-64x64.pngThe amount of time it takes to fund and withdraw money from your ecoPayz account depends a lot on how you’re adding money to your account.

For example, if you use a credit card, debit card, or any number of other local services, you should see the money you added to your ecoPayz account pretty much immediately. However, if you made a deposit using a wire transfer, it will usually take between 1 and 4 business days to clear.

If you would like to take money out of your ecoPayz account, you can do so easily 24/7 by logging in to your account and selecting ‘Withdraw funds’ from the menu. Just note, it may take as long as 3 business days for your request to be processed, and up to 5 business days until you see the funds in your bank account – though generally it’s all much quicker.

When it comes to how long the ecoPayz payment process takes at an online casino, it is also important to remember that ecoPayz alone is not responsible for the deposit and withdrawal times there. Each online casino has its own internal policies in these regards. But in general, from most online casinos that we’ve seen, ecoPayz casino deposits are instant (meaning you have the money available to play as soon as you make a deposit), and the casino’s cash out processing times are usually no more than a day.

Why Choose ecoPayz Over Other Payment Methods?

While the manner in which you choose to bankroll your casino account is a matter of personal choice, we’re just going to point out that we really like ecoPayz for a number of reasons.

First of all, ecoPayz is truly international and works with many (many) establishments the world over. In the same vein, it also offers the option to work in pretty much any and every currency out there, which for our purposes most importantly includes Canadian dollars. And if you find an online casino that you would like to play at that doesn’t accept CAD, no problem. ecoPayz supports multiple currencies in the same account, and allows you to do currency exchanges.

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Another benefit of ecoPayz is that it is free to open an ecoPayz account and you only pay for transactions, which are charged at reasonable rates (a bit more on that to follow).

ecoPayz is also incredibly easy to access with a great app for Android and Apple (smartphones and tablets alike). Or if you prefer, the “old-fashioned” way, you can manage your account direct from the ecoPayz website. Either way, the navigation is comfortable and intuitive, and allows you to view deposits, withdrawals, and reports in the same way you would manage a traditional bank account.

And finally, another thing that many people prefer about ecoPayz over other electronic wallet services is that you do not need to provide your bank details in order to use it. In fact, you do not need a bank account at all.

EcoPayz Awards

ecoPayz has won numerous awards along the way in recognition of both its excellence and innovation.

trophy iconFor example, in 2014, its ecoCard product was named “Best Prepaid Card Design” at the Prepaid365 Awards. This, by the way was no mere victory. In addition to winning over the judging panel, 70% of the public voted for it in this category, which is a true vote of confidence, straight from the people.

In addition, in 2019 ecoPayz’ parent company won the “Sussex Super Growth Award”, and ecoPayz was further nominated for two prestigious awards at the GGA 2019, including “Payment Solution of the Year”.

ecoPayz Tips/Tricks

ecoPayz has been around for a long time, which means it has had plenty of time to iron out any kinks. Hence, there are no tricks really when it comes to such a solid and established brand.

In terms of tips, ecoPayz actually has a pretty good blog which it updates regularly and often has articles that cover tips on how to maximise your ecoPayz account.

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For example, you can learn about the ‘Benefits of using a multi-currency ecoAccount for international money transfers’, ‘How to send money to someone who doesn’t have a bank account’, and even ‘7 ways to learn you’re on a legitimate website’.

Beyond that, from our perspective, any other guidelines we could give on ecoPayz are more general tips like pay attention to the exchange rates, make sure to keep your username and password private, and keep in mind, it’s generally better not to log in from a computer that is not your own.

Do I Get a Casino Bonus When I Use ecoPayz?

When it comes to different payment methods, many players want to know if they’ll get a casino bonus with it. So to clarify, yes, of course you get a casino bonus when you use ecoPayz. At least as far as we have seen – and feel free to correct us if you find an online casino that operates otherwise.

smiley iconecoPayz is a very legitimate payment method and one heavily pushed by online casinos, which means using it makes you eligible for all casino offers including the welcome bonus and other deposit bonuses.

While we haven’t seen an ecoPayz bonus per se out there, it is again possible that such a thing exists, though from our experience the bonuses associated with a particular payment method are more a thing of the past.

There is, however, an opportunity to earn some money on the side, which you could technically call a bonus with the ecoPayz Affiliate Program. This program is available to you as an individual (as well as to companies and affiliate chains), and what it does is guarantee you revenue for each purchase your referrals make with their ecoAccount. Signing up as an ecoPayz Affiliate is easy, and it really does pay if you manage to find some active referrals, which shouldn’t be too hard.

How Secure Is the ecoPayz Service?

As we outlined at the beginning of this review, ecoPayz is exceptionally secure with a long list of authorities regulating it including the UK Financial Conduct Authority (FCA).

ecopayz-securityAll transactions are automatically encrypted using the Secure Sockets Layer (SSL) protocol. And payments are carried out with full anonymity to protect your personal information at all points, with no personal information or confidential data ever shared with anyone outside of the company.

For an extra layer of protection, transactions are made especially secure with 2 step verification. This means each time you sign into your account you need to provide both your password as well as a verification code that is sent to your phone / email.

And if you have any questions or concerns, as mentioned above, ecoPayz prides itself on complete 24/7 support in multiple languages, including English of course, so there is always someone on-hand to help.

Plus, there is an extensive FAQ section with excellent detailed answers to just about every question you could imagine. We in fact used this guidance to help teach ourselves the ins and outs of ecoPayz, and found it really helpful.

ecoPayz Fees

Setting up an ecoAccount is free. And online casinos themselves generally do not charge you for conducting transactions with ecoPayz. Any fees you will encounter, therefore, are on ecoPayz part.

Type of use*Fee
Bank wire deposit0.00-10.00%
Credit card deposit1.69-6.00% + 0.39 CAD
ecoVoucher deposit2.90%
codePayz depositFree
Alternative currency deposit Free
Send / receive money via Western UnionFree
Transfer to / from ecoPayz MerchantFree
Currency conversion2.99%
Account maintenance after inactivity of 12 months2.32 CAD per month

* ecoPayz has different levels of accounts ranging from Classic through Silver, Gold, Platinum and up to VIP. The fees we have listed here are for a Classic account, and may be less for higher levels, and include certain activities not available to the Classic account such as bank transfers.

Also note, the fees that we have listed are for the ecoAccount product as this is most likely the one you will be using. An ecoPayz MasterCard, ecoCard, and ecoVirtualcard (none of which are available in CAD) all have slightly different fees. So if you’re using one of those options, make sure to check on the ecoPayz website.

The Expert Roundup on ecoPayz Casinos

Overall it is safe to say that ecoPayz is a highly recommended payment method for Canadian players. Besides the obvious – that it works well with Canadian dollars – it is simply one of the most established and trusted e-wallet brands around.

thumb up iconWith numerous layers of security built in, a really easy interface, and total privacy, it lets you do what you want to do, when and how you want. And that is fund your online casino account instantly. Plus, it guarantees you’ll be able to get the money back out in full.

And since so many online casinos work with ecoPayz it’s a pretty clear win-win situation. You get excellent service and ease, coupled with the knowledge that you have chosen a universal e-wallet you can use in all sorts of places.

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