Ecopayz
All You Need to Know About this Payment Solution and How It Is Changing Digital Payments
General Information
EcoPayz is a payment provider that offers instant, convenient, and secure money transfers for individuals and businesses across the globe. It was established in 2000 as EcoCard and rebranded to ecoPayz in 2013. In May 2023, the company announced another rebranding to Payz, with a new name, logo, and website. The rebranding reflects the company’s commitment to innovation and simplicity in the digital payment industry. EcoPayz provides end-to-end, account, and card-based payment solutions that allow users to send and receive money in over 50 currencies worldwide. The company also offers an e-wallet that is widely accepted by online casinos and betting sites as a preferred banking method. In addition, it has plans to introduce new products and services in the coming months to meet the changing needs and preferences of its customers. This ecoPayz review will show you why this is a one-of-a-kind payment solution that is shaking up digital payments.
Details
- Founded: 2000
- 73 Metochiou 2407 Nicosia, Cyprus
- Cyprus
- License: Central Bank of Cyprus, No. 115.1.3.28
- Live Chat: No
- Contact: customersupport@payz.com or via the “Contact” page on the Website. The Customer Support Service is available 24/7.
- Availability: 159 countries and +50 currencies
- Restricted countries:
According to various sources, some of the restricted countries are Algeria, American Samoa, Angola, Azerbaijan, Bangladesh, Belarus, Bhutan, Botswana, Brunei Darussalam, Cambodia, Cuba, Djibouti, Eritrea, Ethiopia, Guam, Guatemala, Haiti, Iran, Kenya, Kiribati, North Korea, Kyrgyzstan, Lao People’s Democratic Republic, Lebanon, Lesotho, Liberia, Libyan Arab Jamahiriya, Madagascar, Micronesia, Myanmar, Nauru, Nigeria, Niue, Northern Mariana Islands, Pakistan, Palestine, Puerto Rico, Somalia, Sudan, Syrian Arab Republic, Tajikistan, Tokelau, Turkey, Vanuatu, Venezuela, Viet Nam, Virgin Islands (U.S.), Yemen.
Fees
This payment service has five levels of accounts, each with different features and benefits: Classic, Silver, Gold, Platinum, and VIP. The cost of using the service depends on several factors, such as the amount of money, the account level, the country, and the online payment method. This ecoPayz review will give you some general guidelines on how much it costs:
As you can see, ecoPayz fees can vary a lot depending on your account level and the transaction type. The higher your account level, the lower your fees will be. This last point is crucial for high stake bettors who do not want all their winnings to go into commissions or fees. To upgrade your account level, you need to verify your identity and address and meet certain deposit and transfer thresholds.
Sign-Up Bonuses
One of the aspects that we will cover in this ecoPayz review is the bonuses and promotions that the company offers to its customers. The advertising of welcome bonuses, best casino bonuses, or sign-up bonuses are usually a typical strategy, however, in the case of our payment solution; it seems that it is not widely adopted. On their website, there are no references or information about it, but don’t worry. While new joiners may not get additional benefits, promotions, and campaigns are available for existing customers.
When the company was known as ecoPayz, it had promotions related to the use of the ecoVoucher or credit card. For example, in April 2020, there was a promotion where customers who used Mastercard to make at least 10 transactions could win up to €500 in cash prizes. Later in February 2020, customers who used the card to make at least five transactions could get 10% cashback up to €100. They also had a promotion in October 2020 where users who bought ecoVouchers online with their account could get 10% cashback. Finally, in December 2020, they had a promotion where customers who used ecoVoucher to top up their accounts could win up to €500 in cash.
After the recent name change, there is no information about recent campaigns and promotions and therefore it is not clear what the customer would gain. However, they may include reductions in the commissions applied to transfers, or even the possibility that they are totally free. The format of the promotions is usually through a unique promotional code created by the e-wallet and sent in the email that advertises the campaign. Simply enter the code in the promo code box when making a transaction. The number of times you can use the promo code will depend on the campaign we are running and will be detailed in the email you receive regarding the campaign.
EcoPayz Security
Using this payment service, you will find advanced security measures to protect your personal and financial information from unauthorized access. This ecoPayz review will highlight some of the features that make it a safe choice for online transactions:
EcoPayz Support
If you have any questions or issues, there is only one way to contact their customer support team. On the website, you will find a form in which you can add your personal data and the reason for your concern. The site indicates that they will contact you as soon as possible, although at the time of writing this ecoPayz review, we cannot confirm how quickly they will.
In case this discourages you, know that possibly the least effort put into setting up a live chat or hotline is because the website has an extensive help section that is very easy to use and comprehensive and will surely solve your doubts. In addition, ecoPayz puts at your disposal a blog with the latest news, product announcements, and guides. Without forgetting that they have channels on YouTube, Twitter, and Facebook.
Using ecoPayz for online betting
When it comes to online betting, choosing the right payment method is crucial for your safety and convenience. You want a payment method that is fast, reliable, and secure, and that offers low fees and high limits. That’s why ecoPayz is one of the best payment methods to bet safely online. Using this e-wallet is a convenient and secure way to deposit and withdraw money from your favorite sportsbook or casino. You can use your account to make instant transactions with hundreds of online betting sites that accept this payment method. Here are some of the features that make this service a great payment option for your gambling activities
Security
EcoPayz has strong anti-fraud measures to keep users' personal and financial info safe.
Convenience
Depositing and withdrawing funds is a breeze.
Global Acceptance
It is accepted by numerous online betting platforms worldwide.
Fast Transactions
Payment processing is lightning-fast so you can place bets without any delays.
Multiple Currency Options
Supports different currencies, so you don't have to worry about currency conversions.
To use ecoPayz for online betting, you need to follow these simple steps
Sign up for a free account on their website or mobile app.
Verify your identity and upgrade your account to access higher limits and more features.
Fund your account with your preferred payment option.
Choose an online betting site that accepts it and register for an account.
Go to the cashier section and select ecoPayz as your deposit method.
Enter the amount you want to deposit and confirm the transaction with your ecoPayz login details.
Enjoy your online betting experience and withdraw your winnings back to your account whenever you want.
One of the conclusions that we can draw from this ecoPayz review is that using this payment solution for online betting is a smart choice for anyone who values convenience, security, and flexibility. You could even open an account at the best betting platform and enjoy the thrill of gambling without worrying about your personal or financial information. Try it today and see for yourself!
User ratings
This e-wallet has received mixed reviews from its customers, according to Trustpilot, a website that collects user ratings and feedback. Out of 1,919 reviews, ecoPayz has an average rating of 3.1 out of 5 stars. Some customers praised it for being a worthy funding option for betting and for its fast and reliable service, low fees, and high limits. Others complained about the verification process, payments that were delayed or lost, customer support, and account freezing issues. Some of the positive feedback from users include:
Security
EcoPayz has strong anti-fraud measures to keep users' personal and financial info safe.
Convenience
Depositing and withdrawing funds is a breeze.
Global Acceptance
It is accepted by numerous online betting platforms worldwide.
Fast Transactions
Payment processing is lightning-fast so you can place bets without any delays.
Multiple Currency Options
Supports different currencies, so you don't have to worry about currency conversions.
User ratings
This e-wallet has received mixed reviews from its customers, according to Trustpilot, a website that collects user ratings and feedback. Out of 1,919 reviews, ecoPayz has an average rating of 3.1 out of 5 stars. Some customers praised it for being a worthy funding option for betting and for its fast and reliable service, low fees, and high limits. Others complained about the verification process, payments that were delayed or lost, customer support, and account freezing issues. Some of the positive feedback from users include:
"I have been using it for over a year now and I am very happy with their service. They have low fees, fast withdrawals, and excellent customer support. I highly recommend them."
"This is the best payment solution I have ever used. It is very easy to set up an account, verify your identity, and make deposits and withdrawals. They also have a great mobile ecoPayz app and a loyalty program that rewards you for using their services."
"I love it because they are eco-friendly and support environmental causes. They also have a wide range of payment options and currencies to choose from. They are very reliable and trustworthy."
Some of the negative feedback from users include:
According to Askwallet, a website that provides overviews of e-wallets, this is one of the simplest and most practical digital wallets on the market. It is present in more than 155 countries and supports 50 currencies. It is also a popular choice among bookmakers and online gamblers, as it offers anonymity and security for transactions. Askwallet gives it a rating of 3.8 out of 5 stars.
As said by eWallet-Optimizer, a website that offers bonuses and benefits for e-wallet users, ecoPayz is one of the biggest names on the market, similar to popular payment methods like Skrill and NETELLER. It offers instant gold VIP status with a free MasterCard, cashback on transfers, fast verification, and personal support. eWallet-Optimizer does not provide a rating for the e-wallet, but it recommends it as a good alternative to other ones.
An overview of user satisfaction ratings for this payment solution, based on actual user feedback, is shown below in this ecoPayz review:
Category
- Security
- Usability
- Customer Service
- Fees
Rating out of 5
- 4.5
- 4.0
- 4.2
- 3.8
Conclusion
EcoPayz is one of the oldest online payment solutions and the fact that after more than 20 years it is still providing services is an indicator that it is also reliable. It offers a range of products and services that allow users and businesses to send and receive money in more than 50 currencies. The recent rebranding is intended to reflect the company’s vision of being a simple, transparent and innovative platform with a human touch. The company promises to introduce new products in the near future that will enhance its payment services.
Overall, this ecoPayz review shows this e-wallet seems to have a good reputation and a high level of user satisfaction among its customers. For online casino players who value security, convenience, and flexibility when making deposits and withdrawals, it is certainly a great choice. However, there is still room for improvement and enhancement in some areas of its service delivery and communication. The decision is ultimately yours!
EcoPayz FAQs
EcoPayz is a payment service that allows you to manage, send and receive money in different currencies online. It works everywhere and does not require a bank account or a credit card. You can open an account for free and top it up online or via the app. You can then use your account to make payments to merchants, the best online bookmakers, and other users. This payment service uses the latest technology and security systems to protect your money and personal information. It also complies with e-money regulations and safeguards your funds in separate accounts.
This e-wallet allows you to make online transactions securely and conveniently. It uses advanced encryption and fraud prevention technologies to protect your personal and financial information. EcoPayz also complies with the Payment Card Industry Data Security Standard (PCI DSS), which is a set of requirements for ensuring the safety of cardholder data. You will find different levels of security features depending on the type of account you choose. For example, you can use a one-time password (OTP) or biometric verification to authorize your payments. You can also set up spending limits and transaction alerts to monitor your activity.
This online payment service offers many benefits for its users. Some of the advantages that we found while writing this ecoPayz review are:
- It uses advanced encryption and fraud prevention technologies to protect your personal and financial information. You can make instant deposits and withdrawals at many online casinos and merchants without sharing your bank or card details.
- You can create multiple accounts in different currencies and manage them from the online platform or mobile app. You can also use the e-wallet to send and receive money from other users around the world with low fees and exchange rates.
- The VIP program gives you access to exclusive benefits such as higher limits, lower fees, priority support, and cashback rewards.
The answer depends on the type of account you have and the transactions you make. You will find five different account levels: Classic, Silver, Gold, Platinum, and VIP. Each level has different benefits and fees. For example, Classic accounts have no withdrawal fee, but they charge higher fees for currency conversion. On the other hand, VIP accounts have lower fees for currency conversion as well as higher limits and exclusive promotions.
To upgrade your account level, you need to verify your identity and complete a certain amount of transactions within a 12-month period. The higher your account level, the more benefits and lower fees you can enjoy.
In addition to account-level fees, ecoPayz also charges fees for specific transactions, such as deposits, withdrawals, and transfers. The amount of these fees varies depending on the payment method, currency, country, and merchant. You can find more details about the fees in the relevant section of this ecoPayz review.
Using ecoPayz is a convenient and secure way to deposit and withdraw money from top betting brokers. However, to avoid paying unnecessary fees, you should always check the fee schedule before making any transaction. You should also try to use the same currency as your account balance whenever possible, as currency conversion fees can add up quickly. Finally, you should compare different payment methods and choose the one that offers the best value for your needs.
Various types of businesses can benefit from this service, which enables a fast, secure, and convenient way to process payments. Some examples are:
- Online merchants can accept payments from customers around the world, without worrying about fraud, chargebacks, or currency conversion fees. This e-wallet also offers a Payz Merchant Account that provides access to a range of tools and features to manage and optimize their online business.
- Freelancers and contractors can get paid for their work, regardless of where they or their clients are located (check the restricted countries first in the relevant section of this ecoPayz review). The payment service allows them to create invoices, request payments and withdraw funds to their bank account or credit card. The e-wallet also supports multiple currencies and languages, making it easy to work with international clients.
- Online gaming businesses and the best bookmakers for sports betting can use it to offer a fast and convenient way for players to deposit and withdraw their winnings, without compromising on security or privacy.
- Travel businesses can use this payment app to provide travelers with a convenient and cost-effective way to manage their money abroad, without paying high fees or facing exchange rate fluctuations.
To find out how fast your payments will go through, consider these factors:
- To deposit money to your account, you can use various methods such as bank transfer, credit/debit card, Neosurf, EFT, Cash2Code, or alternative currencies. Depending on the method you choose, it can take from a few hours to 4 business days for the funds to reflect in your account.
- Withdrawals from your account can also take from a few hours to three days, depending on the withdrawal method you use. For example, from ecoPayz to bank account transfers can take up to 3 business days while using cards can take up to 24 hours.
- Money transfers between ecoPayz accounts are instant. You just need to enter the recipient’s email address and the amount you want to send.
- To pay at online casinos or betting sites, you can use your account balance or your card. The payment processing time is usually instant or within 10 minutes. However, some sites may have their own verification process that can delay the payment.
As you can see, this e-wallet will allow you to enjoy the best online gambling deals by offering you a fast and convenient way to process online payments. However, you should also be aware of the fees and limits that apply to your account, which depend on your level and currency conversion rate. You can check the details on the official website or contact their customer support for more information.
Yes, ecoPayz offers customer service support for its users. However, it is only available through the form found on their website. If you heavily rely on live chat, we advise you to consult the help section on the website. This is because we cannot confirm how quickly the customer service team will answer your questions.
