EcoPayz, previously known as EcoCard, is a payment option based in Europe with headquarters in England that allows users to store funds electronically and then use them for various online purchases. From an online betting point of view, EcoPayz was introduced as an alternative to ewallets like Neteller or Skrill. The payment option managed to secure an important share of the market thanks to the lack of restrictions it comes with, compared to other ewallets.
Punters enjoying their favorite online bookmakers can use EcoPayz as an ewallet or via EcoCard, a prepaid account that can also be attached to a physical MasterCard. We took a close look at what EcoPayz can offer to online punters and put together an exhaustive review for this payment method. Check it out in the following sections!
Even though it’s an ewallet just like Neteller or Skrill, EcoPayz comes with the great benefit of not being restricted by bookmakers when it comes to the first deposit bonus. Even though this may not seem like a big deal for players that are playing without bonuses, being able to use an ewallet and get a massive boost for your first deposit is a great advantage. Despite the registration procedure being fairly the same for EcoPayz compared to the other ewallets, most bookmakers issue the first deposit bonus for EcoPayz deposits.
Once you enjoy the first deposit bonus with EcoPayz, the same applies to all other bonuses that you are eligible for. You will never have to worry about any kind of restrictions for deposits made with this payment option.
One of the reasons EcoPayz is so popular among punters is the simple process of making a deposit at online bookmakers. Once you create an EcoPayz account and decide on the bookmaker where you want to place your bet, there are a few simple steps to follow. Once you’re done with these steps, the funds will be instantly available on your account so you can start betting.
There are no fees applied by EcoPayz when you transfer funds from the ewallet to the online bookmaker account. The minimum transaction is €10 but can be changed by bookmakers, so better double-check that before you deposit. The maximum amount per transaction can go up to €2,000.
Since it’s an ewallet, you don’t have to worry about EcoPayz not being available as a withdrawal method. Once you use it for making a deposit, the vast majority of bookmakers will also allow you to cashout the funds the same way. And the process is very similar to depositing with EcoPayz. The only difference comes from having to access the “Withdrawal” section and not having to approve the transaction.
Most bookmakers will remember your EcoPayz account from when you deposited so you won’t have to do anything else other than inserting the amount and selecting EcoPayz. However, in some cases, after selecting the amount, you will have to insert the email address associated with the EcoPayz account.
The minimum withdrawal amount is €20, while the maximum sits at €5,000 per transaction. However, these values can be modified by bookmakers so make sure you check this on the cashier page. EcoPayz offers impressive processing speeds for withdrawals, so you can expect your funds to be back on the ewallet in up to 2 hours since requesting the transaction. Of course, this doesn’t take into consideration the time needed for the bookmaker to analyze and approve your withdrawals. However, if you choose an online bookie from this page, you will have the guarantee that processing is always as fast as possible.
The first step to get an EcoPayz account is visiting their official website. Once you reach the homepage, you will see a green button that says “ Open a Free Account”, click that button to get started. In the next window, you will have to insert some personal and account information to create the account. These are the fields required in the registration form that concern your account:
Complete the personal information as well:
Once you’re done with the registration form, you have to check a box to agree with the Terms and Conditions, and also decide if you want to receive any communications via Email or SMS. Click on “Create Account” and that’s it.
You can start using your EcoPayz account as soon as you create it. However, to enjoy the full functionality this ewallet has to offer, it’s recommended that you verify the account. Not only that you will unlock a lot of features, but you will also remove any limitations once verified.
Here’s how to verify your EcoPayz account:
After your account is verified and all the limitations are removed, you will have the option to apply for an EcoCard. Just like with other ewallets, you can attach a physical card to your EcoPayz account so that you can easily get cash at the ATM. You can request one ecoCard for all three available currencies – EUR, GBP, and USD. Also, you can also create unlimited ecoVirtualcards to pay online.
The EcoPayz account does come with some fees, however, none apply for depositing funds at bookmakers or requesting withdrawals back to the EcoPayz account. The fees involved when creating an account concern money transfers between two EcoPayz accounts, adding funds to EcoPayz withdrawals to the bank account or cash withdrawals using the ecoCard. Here’s a complete breakdown of the fees attached to the ecoPayz account:
Launched early in the year 2000, EcoPayz is an ewallet that was designed to go against Neteller and improve online transactions, especially for the iGaming industry. While other ewallets are not widely available for online betting and gambling, EcoPayz managed to find the perfect recipe so that they cater for punters and casino aficionados around the world.
Since EcoPayz is available in over 200 countries, talking about core markets isn’t exactly easy to do. This ewallet enjoys a lot of popularity among punters from all areas where it is available since it offers instant transactions and fast withdrawals. However, the countries where Ecopayz manages to get a huge portion of the market share are those where Neteller or Skrill are not available for online gambling. Also, EcoPayz seems to do better in grey markets since it comes with no major restrictions.