When banking with online casinos, ecoPayz is by far one of the most popular payment methods for Canadian players.
ecoPayz is trusted, secure, incredibly flexible to use, and accepted by most online casinos. Not only is it a well-established banking method, but its vast number of services make it a no-brainer choice for players around the world. Canadian players especially love it for because it typically comes with no transaction fees, and its free to use. If you want to find out more about what ecoPayz is, whether it’s safe or not, how it works and where to find ecoPayz casinos – keep on reading the article down below.
In short, ecoPayz is a global payment solutions provider, and is the perfect example of an e-wallet.
E-wallets are digital wallets that allow users to transfer money from bank accounts directly into their online or app accounts. In this case, their ecoPayz account. E-wallets are specifically optimized to make online purchases as smooth and easy as possible. In this way, ecoPayz is just like iDebit – another e-wallet type service. Other popular E-wallets include Skrill and Neteller.
Why do casinos use ecoPayz?
ecoPayz is instant, it’s safe, and it’s ultra convenient. As suggested, it is, by and large, an account-card based banking system, which is also completely digital. service like ecoPayz, for example, has been around since 2000 in the form of the ecoCard. Do the math, and that’s close to two decades of experience. Since then, it has branched its services significantly in the online sphere. ecoPayz Canada, for example, retains popularity due to its wide-spread use. As they say: the best form of marketing is always by word of mouth.
Due to this convenience, wide-spread use, and security – many Canadian online casinos have taken ecoPayz on as one of their primary banking methods. For this reason, CA players gravitate towards ecoPayz as their payment option of choice.
how does Ecopayz work?
There are three main components to how ecoPayz works:
your ecoPayz application
Firstly, you need to have money in your ecoAccount. There are 5 levels in total of the ecoAccount: Classic, Silver, Gold, Platinum, and VIP. These levels have increased limits on withdrawals, better exchange rates, and from Gold onwards – free international money transfers.
In order to transfer this money into your ecoAccount, you need to have an account.
To register, go to www.ecoAccount.com and hit that ‘Join Today’ button. You’ll be guided through a short process, asked to verify your identity, and then you’re good to go.
How to Transfer money into your ecopayz account
You can transfer money into your ecoAccount from these other banking solutions. This list comes from the ecoPayz site’s official top-up options list:
And of course, you can do it by direct bank transfer. Fair warning: it can take up to 4 days for the money to get deposited into your ecoPayz account via direct bank transfer. Once you’ve opened an account, you can also order an ecoCard. This is probably the fastest, most convenient way of accessing money in your ecoAccount since it is directly linked to it.
Alternatively, you can download the application and transfer money between third parties in this way. You can choose to download the app first and create your ecoAccount directly from the app itself.
Having both the card and the app makes for the best combo. Especially since it would then be possible to make contactless payments – the way of the future for many outlets. This flexibility is yet another reason as to why ecoPayz is an ideal candidate for online casino payments.
How to use ecoPayz for casino banking
Create your online casino account.
Head over to the Cashier section of the casino.
Add your banking details to your casino account.
Enter all the required details to connect your ecoPayz account to your casino account.
Now you can transfer money from your ecoAccount into your casino account.
When you’re ready to collect your winnings, transfer the money from your casino account into your ecoAccount.
Is Ecopayz Safe for Casino Banking?
You might be asking yourself: what’s the safest online payment method? Well, you can rest assured if you’re an ecoPayz user – your money, transactions, and personal details are all 100% safe and secure.
First of all, at the most basic level, your personal financial information and your transaction history are not shared with any third party. This means that nobody else can get their grubby hands on your details. Then, at the more ‘tech’ savvy level – ecoPayz has made sure to implement the best security precautions around.
All transactions between your web browser and ecoPayz servers are automatically encrypted. Meaning, no other program or body can read this data. This is ensured by using the Secure Sockets Layer protocol and the Transport Layer Security protocol. Both of these two protocols are widely used by a number of financial institutions, including online casinos, for the client’s own protection.
ecoPayz also prides itself on having the best around in security and fraud solutions. The company is totally compliant with the Payment Card Industry (PCI) standards, and with Data Security Standards (DSS).
To top that all off, the company is authorized and regulated by the Financial Conduct Authority (FCA) – meaning that a third party keeps a close eye on them. Last but not least, the servers that retain all that personal financial information are kept in a restricted, highly secured area. Nobody is about to break into this facility – unless you’re Elliot Alderson or something.
So, the answer to the question ‘Is ecoPayz safe?’ is: absolutely.
Is ecopayz free for casino banking?
Yes, Ecopayz is completely free. You won’t be asked for some kind of subscription or even a one-time only fee.
*Although, if you are inactive for over 12 months, ecoPayz will start charging you C$1.50 per month for account maintenance.
Registering is also free – but depositing into your ecoAccount can come with some transaction fees. This largely depends on the region you’re in, as well as the type of banking method you’re depositing from. It is therefore independent of ecoPayz itself when it comes down to these transaction fees.
You can check out the full list here – however, we’ll go over some of the more important ones anyway.
Bank Wire Deposits: 0.00 – 7.00%
Credit Card Deposits: 1.69 – 2.90%
ecoVoucher Deposits: 0.00 – 2.90%
Currency conversion also takes 2.99% every time. BUT – depositing in an alternate currency is free of charge. Meaning, you can deposit in whatever currency you want and you won’t be charged for it.
So, as you can see – ecoPayz itself is free. But you still have to watch out for those pesky extra costs depending on how you’re making your deposits, and where you’re doing them from. The important thing when using ecoPayz for casino banking is to find a top rated online casino that doesn’t charge additional fees.
Probably the easiest way of transferring money into your ecoAccount is either using a major credit card, or EFT (electronic funds transfers).
EcoPayz is a Principal Member of Mastercard, which makes Visa and Mastercard deposits into your ecoAccount extremely easy. EFT might take a while, but it’s also favored due to the ease of it.
As long as you have money in your ecoAccount, transferring money into your online casino account is as easy as pie. Just make sure to keep an eye out for those additional charges, if there are any in the first place.
Should I use EcoPayz at casinos?
All things said and done, it’s no wonder that ecoPayz is so popular among Canadian players.
Even pushing aside all of its incredible benefits, like that it’s instant, easy, flexible and free to register for – there are other perks to look at.
One of our favorite aspects about this payment method is by far consistency. ecoPayz is one of the best banking choices around for many reasons. You can pick anyone you like. But one thing’s for sure – don’t miss out on the brilliant features that it has to offer. It’ll make your life easier. And it’ll definitely make your online casino experience a whole lot more enjoyable.