Although not as popular in the UK as other eWallets such as PayPal, Skrill and Neteller, ecoPayz (rebranded from EcoCard in 2013) gives players in Great Britain and in many other countries all over the world an easy way to transfer money to and from their online bingo, casino or slots account.
ecoPayz was launched in 2000 by PSI-Pay Ltd but it is only really since 2008 that it has found its niche as a popular eWallet for online transactions. There are now dozens of online bingo sites and online casino sites that willingly accept ecoPayz as a method of making deposits and withdrawals.
Why Use ecoPayz?
Safe and secure
Sadly, more and more people are falling victim to online scams these days. It is as easy to pay for goods and services online now as it is to hand over your cash at your local store. Unfortunately, it seems just as easy to have your financial details stolen online as it is to have your wallet or purse stolen in the real world.
As an eWallet though, ecoPayz is particularly secure. You will not be sharing your debit card details or your bank details with any online bingo, casino or slots site, just your ecoPayz details. In addition, all ecoPayz bingo sites and casino sites (i.e. ones that accept ecoPayz) transactions are secure and encrypted.
It’s easy to set up an ecoPayz account
You should find you experience zero issues in getting your ecoPayz account set up. All you need is a valid email and a home address. Once you have set up your account you can add funding methods later.
As an eWallet, when you withdraw to your ecoPayz account you will not have to wait for your bank card company to complete their processes, which can take between three and five days. This means you will receive any winnings from your ecoPayz casino, bingo or slots playing quicker than most!
Lack of opportunities
In our introduction to this topic we noted that ecoPayz is not as popular as its eWallet rivals PayPal, Skrill or Neteller. That holds true for both bingo players and casino punters, and the bingo, slots and casino sites themselves. There are plenty of online wagering sites that will accept ecoPayz, but they simply are not as numerous as those that accept other eWallet options.
Most online eWallets charge fees and ecoPayz is no exception. Nearly all online bingo sites and casino sites do not charge fees to use ecoPayz, but you will get charged a small percentage of every transaction you perform by ecoPayz themselves.
Is ecoPayz Banking Friendly?
It is really, really simple to set up your ecoPayz account with an online casino, bingo or slots site. You just select ecoPayz as your chosen payment services provider and away you go! Usually, you must though make a deposit via your ecoPayz account at your chosen wagering site before you are able to withdraw to it.
One thing to note is that if you are in the UK, it is unlikely that you will be allowed to use ecoPayz to make your very first deposit at a site. This is because any online bingo site needs to be sure of your identity when you begin to deposit money there. That’s why you will probably need to use a debit card when you are making your first-ever deposit. After that you will be free to make ecoPayz deposits.
Withdrawing is just as easy to an ecoPayz account as depositing. Remember, you will need to make a deposit from an ecoPayz account before you can withdraw to it. Once you have things up and running, it really is plain sailing, and you’ll get your money sooner than if you were using a debit card or bank account.
There are five different levels to your ecoPayz account, and the fees you pay depend upon the account you choose. Classic and Silver accounts have a fixed fee of 2.99% per transaction, Gold and Platinum 1.49%, and the very top level of VIP 1.25%.
Opening an account
As we have mentioned previously it is very easy to set up your own ecoPayz account, and it is free to do so. You do not have to link a bank account, or undergo a credit check, and how you fund your ecoPayz account is completely up to you.
You can also manage your account online, and via the ecoPayz app for iOS and Android.
Our Final Thoughts
If, for some reason, you do not want to set up a PayPal, Skrill or Neteller account in order to deposit money and withdraw at online bingo, casino and slots sites, then ecoPayz is one of your very best next choices. You should be able to find plenty of sites that accept ecoPayz, and not only is it a convenient way of funding your bingo or casino play, it’s a very safe and secure one too.