With the advent of cryptocurrencies, mobile wallets and contactless payments, Fintech came into its own in the 2010s. So what will the 2020s bring? Read on for our predictions.
Wednesday, February 19th, 2020, 12:41:48 PM
While ecoPayz may not be the most popular choice in terms of online payments out there, it may be one of the safest and reliable you will ever find. Why safe and reliable? Because ecoPayz is one of the first ewallets that hit the Internet with a bang. You’ll have to go way back to 2000 to search for its roots.
With such experience, ecoPayz could take on any popular ewallet head-to-head and not be on the losing side. At least that’s what thousands of merchants & online casinos from all around the world are saying by accepting it as one of their payment processing services. If we got your attention, then go ahead and read our honest ecoPayz review.
In 2013, the company behind ecoPayz embarked on a total revitalization of the brand with the introduction of many other features besides the traditional ewallet. That’s when the ecoPayz brand was really born.
Before that, for 13 years, since the dawn of the new millennium, the company had been simply known as ecoCard. In 2008, the company was officially regulated by the Financial Conduct Authority in the UK and the EU. One year later, ecoCard became a member of the Mastercard network, having the right to issue its own physical card.
After the rebrand, ecoPayz launched its virtual card option, went mobile with an app available for both Android and iOS users. The now-famous ecoCard even won the ‘Best Prepaid Card Design’ award in 2014 with its slick-green swag that made it famous all around the world.
Since then, many things have changed for ecoPayz (not the ecoCard, thankfully). In 2015, a new website was released, much more responsive to the modern needs of the company’s ever-growing audience.
Now, anyone can easily register and create a new ecoPayz account. Just click on the Sign-Up page, fill in the form with your personal details, choose from the 45 currencies available - it can be your national currency or a more widely-used currency like USD or EUR, as you like - and click Create Account.
Once you confirm the registration, you will automatically have a tier-1 membership aka Classic. The Classic level has a lifetime limit for your ecoPayz account, plus some nagging limitations that could get in the way between you and your favorite online casino. That’s why we strongly recommend applying for the next membership level aka Silver.
As Silver, you don’t have a lifetime limit, only a more than comfortable maximum ewallet balance of 15,000 EUR.
To get your Silver membership, you will have to complete the ecoPayz verification process, a standard process for most ewallets (proof-of-identity & proof-of-residence). After ecoPayz confirms the verification procedure, you will be able to take full advantage of the features it offers.
IMG ALT: Verification Procedure
You will be able to top-up your account using multiple services including credit/debit card, bank transfer, as well as other more intriguing ones like Western Union and a variety of eVouchers like Neosurf and yes, ecoPayz’ own ecoVoucher available in EUR, USD, GBP, and CAD.
Furthermore, for Canada ecoPayz allows EFT deposits - a popular payment service for small- and medium-sized businesses.
Once, you have funds in your ewallet, you will be able to pay with ecoPayz for a variety of goods & services.
The Silver membership also grants you the option to apply for ecoVirtualCard or/and ecoCard, available in all 31 EU/EEA states.
ecoVirtualCard is a virtual card linked to your ecoPayz account, available for immediate usage online and over your smartphone. Since it’s all digital, the issuance is free of charge.
ecoCard is the physical counterpart of ecoVirtualCard. Compared to most other ewallets, the issuance and activation of this slick ecoPayz card are free, no questions asked. The renewal, cancelation, or balance inquiry via ATM is also free. Check this page for more information regarding fees & limits when using ecoCard.
You can also withdraw funds from your ecoPayz account with ecoCard from anywhere in the world, in any currency.
Since ecoPayz is such an established online payment service, most online casinos accept it as one of their reliable methods for both deposits and cash outs.
ecoPayz has been used for online gambling for quite some time and it will remain a favorite choice for many casino players in the years to come. Don’t just take our word for it, just go ahead and take a glance just to convince yourself.
To make a deposit with ecoPayz on your favorite online casino platform, just go to your casino account, choose deposit and make sure you choose the ecoPayz option. Once you click deposit, you will be redirected to a secure page where you will be asked to enter your login credentials. After that, you have to click one more button and, in a few seconds, you will be ready to play your favorite casino games or spins.
The cashing out process is even simpler if you have used ecoPayz as a deposit option. Just click the cash out button in your casino account, choose ecoPayz and without any other steps, the request will be sent forward for processing. It can take several minutes up to several hours but no more than one or two business days to receive your winnings in your ecoPayz account, depending on the online casino platform.
If you have any more questions regarding the ecoPayz ewallet, even after you’ve read our honest review, then this is the right section to read. Just find your answer below & read our honest response.
Yes, ecoPayz is safe and secure as it uses the latest security & fraud protection technology, based on the top-notch 256-bit TSL/SSL encryption standard. Moreover, the ewallet is Payment Card Industry (PCI) and Data Security Standard (DSS) compliant, authorized and regulated by the Financial Conduct Authority (FCA), in the UK.
Account-wise, depositing via credit/debit card can take you between 1.69% to 2.90% in fees, depending on the card, currency, and country. Via Western Union though, all deposits are free, no matter your membership. Withdrawing to your bank account can to you up to 10 EUR in fees, depending on the membership and sum transferred. Check this page for more information, including the fees related to your ecoCard or/and ecoVirtualCard.
Beside the Silver membership, you can apply and be eligible for higher tier memberships that can grant you lower fees and higher limits.
The next tier after Silver, for example, the Gold membership will grant you free international money transfer and a reduced currency conversion fee of 1.49%. The Platinum membership gives you even more freedom in terms of both account and ecoCard limitations, while the VIP - the last tier - offers you the highest limits and an even smaller currency conversion fee for all ewallet transfers of 1.25%. Visit this page for more information about account leveling and the requirements to reach the ecoPayz VIP membership.
If you are looking for an established and reliable ewallet ready to take fulfill your every need, then ecoPayz might be the answer. It may not be as popular as Skrill or Paypal, but you will enjoy the same great features they are currently offering to their customers.
Furthermore, you will basically enjoy the same coverage across the online casino niche as any other popular payment service. Satisfaction guaranteed!