The company was founded in the year 2000 as an alternative to other online payment option solutions. It used to be called EcoCard, and it was primarily used as a prepaid debit card that you can use to make payments online. It was a product designed for the underbanked who were not approved for a credit card.
Today, it has grown into an international payment option system widely used to transfer money between people. It has also established a solid footing in the casino industry as a preferred deposit payment method and withdrawal destination.
It is not unusual to see EcoPayz in casinos worldwide. In addition, it is often displayed along with other payment services on the homepage of online casinos.
Advantages of Using EcoPayz in Casinos
Today, you have the option to have either a physical Eco-card or a virtual one. These are convenient choices for people on the go who want to access payment services or their money anywhere in the world that has an ATM. Just insert your EcoPayz to withdraw money like you would use a normal ATM card.
People who want to send and receive money electronically will also benefit from the convenience of using this payment option system.
One thing that stands out is its security systems. Its technology infrastructure uses the latest in the financial industry. For example, it employs firewalls and SSL to ensure that all data are kept private.
Everything that goes through its network, including those coming from online casinos with EcoPayz as a deposit and withdrawal option, is locked with a code that only the company can decode.
It is safely guarded against hackers, viruses, and other malicious spyware that can expose your personal information.
The company is also global. It has a footprint in more than 140 countries, and it is also available in more than 47 currencies.
This gives a casino player multiple options on managing his payment method when playing in different casinos that operate in different currencies. In fact, you can select EcoPayz in online casinos almost 100%.
The system also provides multiple options for a user to withdraw his funds. Once you have withdrawn your winnings from an online casino, you can transfer this balance to your account and use it to make payment online. You can cash it from an ATM. And you can choose to transfer funds to your bank account through a wire transfer.
Another benefit is its customer support. The website has a vast knowledge base on its FAQ section about customers’ most common issues. Support can also be contacted through email and live chat.
If your deposit is not reflected in your casino instantly, you can immediately ask a customer support representative where your money is.
How to Use EcoPayz to Deposit to a Casino
To make a deposit, one must go to the online casino cashier and click on the deposit dropdown. Here, the casino client can choose this as the deposit or payment method. Once selected, you will be asked to enter your credentials.
The next step is to put the amount you want to deposit. Once done, click the Complete or Submit button and go back to the casino lobby. Deposits should reflect instantly. In some cases, you must give it around five minutes.
You can use EcoPayz in online casinos, and it is sporadic to see one that does not have its logo. So here are the benefits of using it as a funding and withdrawal option in casinos:
Fast and Secure
It is 100% safe. Your details are kept private. They are never shared or sold to a third party. And because it uses Secure Socket Layer, all data encryption activities are automatic. In addition, casinos use the same technology to ensure that each institution’s security complements the other.
creating an account is free. But you need to keep this account active. If it is dormant for a year, the company will charge $1.50 per month for the maintenance fee. Gamblers who play in online casinos with Ecopayz may not have to worry about this if they consistently play at least once a month.
Though deposits and withdrawals come at a cost, these fees are reasonable compared to other e-wallet payment option systems. The fees for payment services also vary by region. Below are the most common fees associated with depositing to a casino:
- Bank Wire Transfers – up to 7%
- Credit Card – between 1.69% and 2.90%
The company also charges a currency conversion fee of 2.99%. However, it is free to deposit and withdraw on alternative currencies. You will only be charged if you are making a purchase or, in this case, a deposit to a casino that requires currency conversion.
If you use EcoPayz to withdraw money, you will incur fees upon receiving your funds anywhere between 5.9 to 10 EUR. In addition, transferring funds from one ecoAccount to another also incurs costs.
Deposits made to your casino account is instant. If there is any trouble, you can contact customer support for answers. If you use EcoPayz in casinos to withdraw, it can take between 24 to 48 hours to complete. This is because there is a lag time coming from the online casino with EcoPayz as a withdrawal method.
Online casinos typically take 48 hours to verify the legitimacy of your withdrawal. Sometimes, they might even ask you to provide proof of your identity.
Once the casino releases your money, only then will it reflect on your EcoPayz account. In extreme cases, the withdrawal can take up to five business days, especially if you withdraw your funds to your physical EcoPayz card.
In conclusion, this is one of the best options for gambling enthusiasts who want to play table games and slot machines in the comfort of their homes. Furthermore, players from a supported country can use this with the guarantee of safety.
And because this is an e-wallet, a player who won big amounts, regardless of the win, came from the deposit or the casino bonus. This method can be used to withdraw money above the original deposit.