Payz, previously ecoPayz, offers instant deposits to online casinos. It's very popular among online casinos due to its high-security level and simple transaction process. However, withdrawals incur fees, as well as inactivity of an account costs about $2.45 per month. Besides, Payz deposit and withdrawal limits range from $10 to $2,250 per day.
✓ Instant transactions at ecoPayz casinos
✓ Inactivity fee is around $2.45 per month
✓ Deposits to online casinos are fee-free
✓ Withdrawals from ecoPayz may incur fees
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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 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 0%-10% fee, while for credit card it's 1.69%-6% + ~$0.4. Casino transactions with Payz are free, but gambling platforms can apply their own 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% |
If you're looking to play at the casino, you'll need to create a Payz account first. This is quick and easy to do! Our expert, Charlotte Wilson, prepared a list of steps you need to complete to start your gambling journey.
Payz protects user data with advanced encryption, two-factor authentication, SMS alerts, and fraud monitoring. It is regulated by the the Financial Conduct Authority in the UK, ensuring secure transactions. Real-time security measures, device tracking, and account verification help prevent unauthorised access and fraud. Additionally, Payz is accepted by a growing number of online casinos as a deposit and withdrawal method. And thanks to its security and convenience, it's easy to see why.
Payz requires identity verification to enhance security. Users must submit a government-issued ID, proof of residential address, and sometimes a selfie with an ID for an additional verification. Besides, Payz team sometimes asks quaestons about user profession and income. This process helps prevent fraud, money laundering, and unauthorised access. Verification typically takes a few hours to a few days, depending on document quality and each case. Also, users can log into the Payz app using fingerprint ID or facial recognition, and for added security, they can have two-factor authentication (2FA). What’s more, any online purchases made using the Payz Mastercard are protected by 3D Secure for an extra layer of protection.
Payz also offers a mobile payment service, which you can use to make deposits and withdrawals at mobile casinos. You can use dedicated Payz mobile apps, available both for Android and iOS. Alternatively, you can use the web app, which is available on all mobile devices. Simply log in to your casino account and go to the cashier page. Select Payz from the list of payment methods and enter the amount you want to deposit. Your funds will be credited to your account instantly, and you'll be ready to start playing.
If you have a Payz account, you can also apply for a Payz Mastercard. This prepaid card can be used to make purchases anywhere that Mastercard is accepted. 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.
Payz provides reliable customer support for its users to help them solve any problems at any hour, any day of the week. This payment method has a FAQ section on its website, where you can find answers to the most common request. Also, there is a contact form, which you need to fill out and explain your issue. The Payz team will give you a reply within 24 hours. However, there is no live chat.
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.
For a safer usage of Payz, the BetPokies team recommends enabling instant notifications on your Payz after registration. They help you stay aware of any activity, like deposits, withdrawals, or login attempts, in real-time. When you set up alerts, you’ll receive messages via SMS or email each time there’s a transaction or someone logs into your account, especially if it’s from a new device or location. This way, you can quickly spot any suspicious activity, such as unauthorised transactions, and take action to secure your account. It also helps you keep track of your spending and ensures that you’re always aware of what’s happening with your funds, particularly when using Payz for gambling at online casinos.
If you're looking for alternatives 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 our favourites to use at online casinos as an alternative to Payz.