For those who are interested in online casinos that offer Payz (formerly ecoPayz), we have carefully reviewed this payment method and prepared an in-depth guide. Below, you can find more than 25 of the best casinos, where you can use Payz and have a high-quality gaming experience.
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Payz was founded in 2000. The company offers a variety of services, including e-commerce solutions, money transfers, and prepaid cards with 45 million customers in 196 countries. Payz uses the latest security technologies to protect your personal and financial information. Your Payz account is also protected by a PIN and a password.
This company is authorised and regulated by the Financial Conduct Authority in the UK to issue electronic money and also to provide payment services. It's worth noting that Payz uses the latest SSL encryption technology to protect customers' personal and financial information. Payz is also a member of the PCI Security Standards Council, which sets global standards for payment security.
Although Payz offers numerous benefits, deposits and withdrawals come with fees. The costs vary depending on your account level - Classic, Silver, Gold, Platinum, or VIP. Bank wire deposits to your Payz e-wallet have a 0%-10% fee, while for credit cards, it’s 1.69%–6% plus approximately $0.40. While Payz does not charge fees for casino transactions, individual casinos may deduct processing fees.
Withdrawals to a bank account are charged 0%-10%, while ATM cash outs have a $2.45 fee per transaction. There's also an inactivity fee of around $2.45 after 12 months of not using your account. The currency conversion charge is 2.99%. Below is a breakdown of the expected fees for deposits and withdrawals.
| Limit | Time | Fees | |
|---|---|---|---|
| Minimal Deposit | $10 | Instant | 0% |
| Maximal Withdrawal | Up to $2,250 per day | Up to 3 days | 0% |
To use Payz as a payment method at an online casino, you’ll need to create a Payz account first. This is quick to do, you just need to visit the Payz official website and follow the instructions. Once that is done, you can follow the steps our expert, Charlotte Wilson, has prepared below.
If you have a Payz account, you can also apply for a Payz Mastercard. This prepaid card can be used at most merchants that accept Mastercard, though some online casinos may restrict prepaid card usage. You can also use it to withdraw cash at ATMs. The card is linked to your Payz account, so you can easily top it up when needed. You can apply for it by logging in to your account and going to the "Cards" section. From here, you can fill out an application form and submit it for approval. Once your application has been approved, you will receive your card in the mail.
BetPokies gathered all the advantages and disadvantages of Payz to help you see the whole picture of this payment method. This way, it will be easier for you to decide whether to use it or not.
As an alternative to Payz, you can consider using other e-wallets, such as Neteller or Skrill. You can also use a prepaid card, such as PaysafeCard. Alternatively, you could use a credit or debit card, such as Visa or Mastercard. The following options are some of our favourites to use at online casinos.
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