| Updated: October 1, 2024There are many payment methods currently supported by the iGaming industry and users have multiple options to go about making a deposit. One service that often goes underappreciated is ecoPayz. It is owned and operated by PSI-Pay Ltd., a company that is regulated by the Financial Conduct Authority of the United Kingdom. EcoPayz enjoys decent popularity among online gamblers and is supported by a large number of online casinos across Europe and North America. Offering a wide range of features, ecoPayz is certainly a good banking solution and below, we will go into detail about the various aspects of this service.
How We Evaluate ecoPayz Casinos?
There are plenty of ecoPayz online casinos out there and you need to know how to judge each website on its merits before you make a decision. If you are not sure how to go about this, below, we have listed some of our metrics for evaluating any online casino.
Security
Fees Transactions Accessibility Usage BonusesSecurity
The security offered by any online casino should always be a priority. When you play at a gambling website, you are asked to submit sensitive information to verify your identity. It would be unfortunate if that data became compromised and your details revealed to the world. For this reason, be sure to only play at legitimate and trustworthy websites with a proven track record.
Fees
When you look at any online casino you should be interested in whether it charges fees for transactions. Deposit fees are a rare practice nowadays and one that you should avoid. There is no reason why a casino should take a chunk of your deposit when there are some many that would not. It is not too unreasonable for a casino to charge a fee for withdrawals, but you should ideally find a casino that does not do it at all.
Transactions
Something else that you should pay attention to is whether or not the casino supports your payment method of choice, in this case, ecoPayz. This should not be too difficult to verify and it only takes a minute. Be sure to also take a look at any transaction limits to gain a better idea of how suitable this banking solution is for this online casino.
Accessibility
Another thing to take into account is how accessible the online casino is. Since there is a wide range of devices out there, you need to be sure that the website can actually be loaded on yours, be it a desktop computer, smartphone, tablet, etc.
Usage
Furthermore, you should always take care to see how the casino actually runs on your device. Some casino websites suffer from poor optimization and perform terribly on older hardware. To counteract this browser the website for a while and open a few games in free mode to see how they run.
Bonuses
Of course, what is the iGaming experience without a good bonus or two? When looking at multiple online casinos, compare what they are willing to offer. Each gambling website has its own unique promotions and rules, therefore, be thorough.
ecoPayz Casino Deposit
Limits Fees Processing TimesLimits
ecoPayz does have some limits that you should take into consideration. When you open an account, you will have an account standing of Classic. With this status, you will be able to transfer up to €1,000 per day or up to €2,500 in total before you achieve the next rank. When you reach Silver standing, the service will allow you to transfer up to €15,000 per day and the lifetime transfer limit is removed for this rank and all further ones. With each further rank, your daily limit is increased by increments of €5,000 up to a maximum of €30,000 per day at VIP standing.
If you choose to use the virtual Visa, however, you will have to abide by a transaction limit of $700 for Silver and Gold users, while Platinum and VIP customers will be able to pay up to $1,000 in a single transaction.
Fees
When making a deposit with ecoPayz, you will not have to endure any transaction fees. Any deposit, no matter how small or large, will be completely free of charge. Most fees when using ecoPayz come in when you load your ecoPayz balance. Additionally, you also have to take into account situations when you make a payment in a different currency. At Classic and Silver level the exchange fees amount to 2.99%, while at Gold and Platinum you will be required to pay 1.49%. The cheapest exchange fees are at VIP level where they are only 1.25%.
Processing Times
When you make a deposit with ecoPayz, you gain the benefit of instant transactions. The payment will be cleared as soon as you confirm it and you will get to play your favorite games after no more than a minute.
ecoPayz Casino Withdrawal
Limits Fees Processing TimesLimits
EcoPayz does not explicitly mention any limits on incoming transactions and these will, therefore, be determined by the online casino. To verify this, you will need to consult the gambling website’s policy on withdrawals.
Fees
Incoming transactions to your ecoPayz balance do not incur a fee, as far as the service is concerned. However, you should pay attention to what the online casino does. Certain gambling websites are more than happy to charge you an amount for withdrawals. We recommend that you look for a casino that does not do this. There are plenty of online casinos that will bear the cost for the payment letting you claim the full amount of your withdrawal.
Processing Times
Processing times are not as clear cut with ecoPayz as with other payment services. This is due to the fact that you have multiple ways to go about this. Your virtual Visa can handle withdrawals within 5 business days. Of course, this does not account for the time that the casino takes to approve the transaction.
If you withdraw your balance to your ecoPayz balance, the withdrawal will be instant. Again, this is only after the casino has approved and sent the transaction.
ecoPayz Pros and Cons
As it often goes, no service is perfect and there are drawbacks to every payment method. Judging a banking solution involves looking at both the good and bad sides of it and seeing which outweighs the other. Below, we list the most important pros and cons of using ecoPayz to help you gain a better idea.
There are multiple aspects to the ecoPayz service and these include an eWallet aspect, virtual debit cards and physical bank cards. You have a lot of versatility to how you can use ecoPayz.
ecoPayz supports only a limited number of currencies and this can be quite difficult to circumvent.
EcoPayz enjoys high levels of support in the online gambling industry and you will be able to use the service at a large number of online casinos.
While ecoPayz is quite cheap, there are services out there that are completely free of charge and no fees always beat some fees.
Where cost of use is concerned, ecoPayz is on the cheaper end of the spectrum. The only fees that you pay are for funding your ecoPayz balance and that’s mostly it.
ecoPayz is popular but does not enjoy the universal acceptance of other payment solutions, such as credit cards or eWallets.
Since you can only spend money you already have in your ecoPayz balance, the service is perfect for budget-oriented players.
The transaction limits are dependent on your ecoPayz standing. In the beginning, you can only make payments of up to €15,000 every 24 hours. Granted, these are good limits for most users, but high rollers will be disappointed.
Countries Which Use ecoPayz in Online Casinos
United Kingdom Germany Canada Netherlands Sweden NorwayUnited Kingdom
The United Kingdom is home to a large part of ecoPayz’ user base. After all, the service is based in this country and regulated by the Financial Conduct Authority. Moreover, many British casinos are more than happy to accept deposits via ecoPayz. Furthermore, the service also supports the Great Britain Pound as one of its main three currencies. As a result, UK players are more than welcome to use ecoPayz and a large number of them do.
Germany
Germany finds itself among the countries which use ecoPayz the most. The German online casino scene does not shy away from supporting this banking solution. You will find that many online casinos have no issue in taking ecoPayz deposits. Furthermore, with extensive support for the Euro, it is not difficult to see why German players are happy with the service. As the number of online casinos in the SEPA countries increase, so will interest in ecoPayz.
Canada
Canada might not be the target demographic for ecoPayz, however, players from that country have proven their love for this service. While the ecoPayz physical card is not available for Canadian customers, the rest of the service offers more than enough value for it be considered useful. As a result, many online casinos marketed towards Canada are prepared to handle ecoPayz transactions. Unfortunately, ecoPayz does not support the Canadian Dollar, however, there are no exchange fees when topping your ecoPayz balance.
Netherlands
The Netherlands is certainly in the top countries that use ecoPayz for the purposes of online banking. European online casinos are certainly fond of this service and so are gamblers from the Netherlands. The inherent support for the Euro makes using this banking method a breeze. Moreover, since the Netherlands is a member of the EEA, gamblers from the country gain the full benefits of the ecoPayz features.
Sweden
The Swedish online casino scene is primary fond of online banking solutions but some of those players not satisfied with those services have begun flocking to alternatives such as ecoPayz. While ecoPayz does not support the Swedish Krone, the lack of exchange fees will certainly be appreciated. Moreover, ecoPayz is accepted at many Swedish online casinos and this trend will likely continue in the future.
Norway
Norway is another Nordic country whose player base is fond of ecoPayz. Granted, it does not support the Norwegian Krone, but customers still have access to all the features of the service, including virtual cards, physical cards, etc. Furthermore, the Norwegian casino scene seems to approve of this payment method and it is not difficult to find a website that will accept deposits with ecoPayz.
ecoPayz Casino Bonuses
When you join an online casino you will likely be given the opportunity to claim some form of bonus. Promotions have become an integral part of the iGaming experience and they can add a nice boost to your bankroll, among other rewards. Below, we cover the most common bonus types that you can benefit from at ecoPayz casinos.
Deposit Bonuses Free Spins Loyalty Points No Deposit BonusesDeposit Bonuses
Deposit bonuses are available at practically every online casino out there. The website will match your deposit up to a point and the bonus funds will be added to your balance for you to play with. Of course, before you can cash in that money, you will have to meet the wagering requirement.
Free Spins
Free spins are another great way to spice up your online casino experience. With free spins, you can play a slot game a certain number of times for free. Any winnings are added as bonus funds and you need to meet a wagering requirement to withdraw them.
Loyalty Points
Loyalty points are good-will points earned by playing and making deposits at an online casino. Accumulating enough points will entitle you to earn rewards, such as bonuses, cash, and other forms of value. Usually, online casinos have tier systems where the higher status you earn, the better the rewards become.
No Deposit Bonuses
No deposit bonuses are different from other promotions mentioned here, in that they do not require you to make a payment to claim them. Offered straight up, no deposit bonuses offer lower forms of value and feature much stricter restrictions. Of course, since you are getting something without making a deposit, it is hardly a cause to complain.
Related Banking Methods
ecoPayz Alternatives for Online Casinos
If ecoPayz does not suit your needs for whatever reason, do not worry. There are plenty of payment methods supported by the online casino scene and you have multiple options at your disposal. Below, you will find several great alternatives to ecoPayz that are readily accessible in the iGaming industry.
Neteller Skrill Paysafecard Credit Cards Bank Transfer PayPalNeteller
Neteller is one of the most popular eWallets in the online casino scene and is supported by the vast majority of gambling websites out there. With Neteller, you can easily manage your bankroll and carry out instant deposits. Moreover, the withdrawals are some of the fastest that the industry offers.
Skrill
The sister-service to Neteller, Skrill is another great alternative to ecoPayz. Not only does it offer instant deposits and high degrees of anonymity, but the withdrawals are plenty fast, as well. Moreover, Skrill is universally accepted and you can play at any online casino with it.
Paysafecard
As far as prepaid solutions go, few can go toe to toe with Paysafecard. This voucher is available for purchase at thousands of supermarkets, gas stations, newspaper stands and other retail locations all over the globe. Complete anonymity and instant deposits await anyone who uses it.
Credit Cards
Credit cards give you the opportunity to easily set up your online casino account without the need to look for a new payment solution. With credit cards, you can play at just about any gambling website and fund your bankroll instantly. Visa and MasterCard are supported universally, while Discover, Diners Club and Maestro are also available at some casinos.
Bank Transfer
If you do not feel like bothering with a designated payment service, you can always resort to traditional Bank Transfers. Not only are they reliable, but you will also able to transact large sums of money easily, making them perfect for high rollers. Granted, the transaction is speed is slow but all other aspects hold up quite well.
PayPal
PayPal is the most popular eWallet in the world and it is also widely supported in the iGaming industry. PayPal gives you the opportunity to easily fund your bankroll at little cost. PayPal is simple to use and many customers grow to love the service.