ecoPayz Payment and Withdrawal

As more and more people enjoy online gambling, the competition in terms of payment and withdrawal methods has increased significantly.  The original methods of bank transfer, debit card and cheque payments are still available, however, new online methods have been created, such as the e-wallet.  One of the main players in the e-wallet market are ecoPayz and they provide a way to deposit funds in to online gambling accounts, plus much more.

The Facts

Website:  www.ecopayz.com

Originally known as ecoCard, the company was established in 2000 and having built up a strong customer base and reputation, became regulated by the FCA in 2008.  Having started in the year 2000, ecoPayz is actually one of the oldest e-wallets available and in 2009, became a principal member of MasterCard and launched an iPhone app.

In conjunction with the continued expansion of the company, the change of name to ecoPayz was complete in 2013 and a mobile version of the website became available.  The ecoCard was redesigned, as was the virtual ecoCard in 2014 and 2015 and at the 2015 Prepaid365 Awards, the ecoCard came first in the “Best Prepaid Card Design” category.

In order to use an ecoPayz e-wallet, you need to have an account and this can be obtained by signing up on their website.  It’s quick and easy to sign up for an account, however, to be able to use the full range of services, you will need to upgrade your account.  To do this, you will have to send identification documents to ecoPayz customer support and this process can take some time to complete.  Once you are accepted in to the ‘Silver’ account level, you can apply for an ecoCard, which is issued by MasterCard and can used anywhere you see the MasterCard logo.

It’s also possible to apply for and receive an ecoVirtualCard, which can be uploaded with funds from your ecoAccount.  This can be used to make online payments only and is a one time payment option, meaning once you have used the card, you can not add any more funds to it.  The ecoVirtualCard can be used anywhere that accepts MasterCard.

Making Payments

To make a payment in to your ecoPayz account, you can use a wide variety of methods, such as electronic transfer, debit card and credit card.  Although in some cases, you will not be charged for adding funds to your ecoPayz account, you will need to check the options available in your region and country of residence.

ecoPayz is available in 159 countries around the world and in 45 currencies, making it a truly global company.

Using ecoPayz to Bet Online

You will find ecoPayz under the e-wallets section of the deposits page in your online gambling account.  Having clicked on the link, you will be prompted to enter the amount you would like to deposit and then taken to the ecoPayz website.  From here, you will be asked to input the required account details and as long as you have the required funds in your ecoPayz account, the transfer will happen instantly.

If  you have signed up for the ecoCard or ecoVirtualCard, you also have the option of using these to make a deposit in to your online gambling account.  This can be done using the MasterCard link on the gambling website or by going through the same process as above.  However, if you have an ecoCard, this can be a quicker way of depositing funds, than having to login in to your ecoPayz account.

It’s possible to use ecoPayz to withdraw funds from your online gambling account.  It’s done in exactly the same way as a deposit, only you will be going through the withdrawal section of your gambling account and selecting ecoPayz.  However, it’s worth pointing out that you can only use the ecoAccount and ecoCard to withdraw funds, not the ecoVirtualCard.

You will need to check with your online gambling company for any fees when withdrawing using ecoPayz.  There is a fee if you would like to withdraw money from your ecoPayz account, to your bank account but instead of doing that, you could use the ecoCard to spend the money.

ecoPayz Advantages

• It’s free to open an ecoPayz account and also to upgrade it to the higher levels, such as ‘Silver’ or ‘Gold’.
• ecoPayz is available in 159 countries around the world and in 45 currencies.
• All transfers are very safe and secure, as ecoPayz uses the same safety standards as banks.
• Deposits appear instantly in to your online gambling account.
• ecoPayz is accepted by a wide range of online gambling companies, across the world.
• It’s possible to make withdrawals using ecoPayz.
• There are both debit and virtual card options when using ecoPayz, meaning it’s easy to keep on top of the amount of money your are betting.

ecoPayz Disadvantages

• You have to sign up to use the ecoPayz service and also provide the requested documents, if you wish to use additional services, such as the ecoCard and ecoVirtualCard.
• There are charges associated with many of the features when using ecoPayz and these may differ depending on where you are based.
• ecoPayz is not available on all bookmakers and casinos, you need to check on their website to see if it is listed.
• You need to transfer funds each time you run low on your ecoCard.
• The ecoVirtualCard can only be used once and you then have to order another one.

Summary

• ecoPayz is an e-wallet and it is free to join and to upgrade your account.
• It can be used in over 150 countries and 45 currencies
• Deposits are instant and very safe and secure
• It’s possible to withdraw funds using ecoPayz
• Both debit and virtual cards are available with a ‘Silver’ ecoPayz account
• There are fees when using ecoPayz services