ecoPayz is an e-wallet that was designed to provide a secure interface for all types of online transactions. Originating in Europe, it’s managed via highly encrypted and cost-effective channels. We’re hoping to use ecoPayz for betting in the US soon.
The payment platform is similar to many other e-wallet types though not as well-known. As it may become available as a payment method at US online casinos, we’re giving it a good lookover to see if it’s worth your while using.
While ecoPayz isn’t yet available for US residents, one day it may be, so here’s everything you need to know should it become an option for US online gamblers.
Register for an ecoPayz account
Creating an ecoPayz account is easier than saying 1-2-3. All you have to do is provide some basic details like your email and residential address. In order to make payments from, and withdrawals to, your ecoPayz account you will also be required to enter your banking details to link your accounts. ecoPayz will need you to verify these banking details, and will instruct you how to do so by email. Then, you can simply log on, accept the T&Cs, and get going!
Many gamblers prefer using a third-party e-wallet such as ecoPayz for credit/debit card transactions, as it gives the user an opportunity to hide their card details from the bookmaker. This may reduce the risk of possible fraudulent activity related to their bank accounts, so for many, ecoPayz is seen as an extra layer of security.
Depositing funds at an ecoPayz betting site is also really simple. The payment steps at ecoPayz betting sites are usually similar, so get to know them so you know what to expect once ecoPayz hits the US.
Once you have registered at an ecoPayz betting site and have an active account with them, simply go to the cashier’s page. Once there, select the ecoPayz deposit option as your preferred choice and enter the amount you want to deposit. After confirming this, you will be redirected to the ecoPayz website where you may need to enter your username and password to confirm the payment. There you have it! Funding your sportsbook or casino account via ecoPayz is simple and will only take a few minutes. For quick reference, you can follow the steps below:
Sign up for an account on your preferred US ecoPayz betting site
Once approved, log into your sportsbook/casino account and navigate to the ‘Cashier’ section
Choose ecoPayz as your deposit option
Enter the amount you want to deposit
Provide your ecoPayz details for confirmation
Click on the ‘confirm’ button
All done! The money will be available in your account balance immediately
The withdrawal procedure with ecoPayz is the same as when you’re making a deposit. You select the ecoPayz withdrawal method from the cashier, enter the desired withdrawal amount, follow the instructions on the screen, and then authorize the money transfer. However, there are some extra requirements if you want to withdraw at an ecoPayz betting site:
Withdrawals are only possible with an ecoCard or an ecoAccount.
The ecoVirtualcard is valid for just a single payment.
The great thing about withdrawing using ecoPayz is that there are no fees incurred for withdrawals from online ecoPayz betting sites or an ecoPayz sportsbook.
Withdrawal and deposits with the best ecoPayz betting sites: the average time scales you need to know about
Withdrawing funds from your bookmaker account to your ecoAccount is easy, as most of the best betting sites with ecoPayz will process your withdrawal within 24-48 hours.
Some ecoPayz betting sites may take longer, depending on their payout policies, bonus conditions, and any other delays, but the maximum time required for withdrawal is around seven working days.
The withdrawal process is the same as the deposit process, where traders can request a withdrawal through the bookmaker’s payment/banking page.
However, gamblers should keep in mind that withdrawals can take longer than deposits, primarily as a result of the time taken by the bookmaker to verify the withdrawal request and the security hold.
If your funds are not reflected after seven working days, it’s time to contact customer support so the operator can handle the issue for you.
ecoPayz betting sites payment verification requirements — easy and reasonable
When it comes to verification requirements, ecoPayz users supply all the most important information when they sign up and when they link their preferred bank account. Some of the information is mentioned above; however, payment verification can only be done on a verified account, so here are the other pieces of the information puzzle.
Information required for account verification
Choose a username
Your username will be used to log in to your account. It must be 6 – 20 characters long, easy to remember but hard to guess. Then, you should also enter your email address — preferably a valid one you are currently using ― otherwise, you won’t be able to go much further with the email verification process.
Choose a password
This will also be used to log in to your account. It’s important to create a strong and secure password, so ecoPayz requires this to be at least 8 characters long and containing one number and one upper case. The more complex your password, the safer it is, and you can also refer to the ecoPayz guidance for choosing a strong password. All that’s left now is for you to re-enter your password to confirm it.
Personal information required for account verification
Here’s the lowdown on all the personal information ecoPayz will ever need from you for verification purposes.
Your first name, last name, and your date of birth.
Your full home address — make sure you enter the information accurately.
Your mobile phone number and your country code. This is a mandatory requirement for verification purposes. ecoPayz Account customer services may use this number to contact you regarding your account.
Enter the validation code by inserting the characters displayed in the box into the entry field below it. If you are having trouble reading the numbers in the validation code, you can click the ‘refresh security code’ link to display a different set of characters as a validation code.
Read and agree to the terms and conditions.
The last two steps are very important to not only ensure you know what you are signing up to, but also as part of the verification process for your ecoPayz account, declaring that all information you provide is accurate and true.
Providers that use ecoPayz
The history of ecoPayz as a payment method
ecoPayz is a European-based company founded in 2000 and, until 2013, was known as ecoCard. Apart from being an e-wallet, ecoPayz deals in both physical and virtual prepaid cards and offers its payment services in 46 currencies within 173 countries.
The company’s initial focus was processing and servicing online payments and transactions in order to become a substantial substitute for conventional payment methods like debit and credit cards by MasterCard and Visa.
ecoPayz has been working with MasterCard since 2009, which enabled them to issue prepaid debit cards, in effect, ecoPayz-branded Mastercards they termed ‘ecoCards’.
The purpose of ecoPayz’s ecoCard is to ensure maximum security and confidentiality when used online.
The ecoPayz Mastercard is contactless and provides instant access to funds stored in your ecoPayz Account with which you can make online purchases and even withdraw at ATMs.
As the company developed, it issued virtual cards, vouchers, and launched an ecoPayz mobile app.
The primary account used is the EcoAccount. This account has a couple of different versions — almost like a bank would have different accounts like gold and silver — that all come with their very own prepaid card, operated by Mastercard in Europe.
With some luck, we might have access to ecoPayz MasterCard debit cards in the near future as well.
ecoPayz compared to other providers — here’s the deal
As you know, there are lots of other methods available when it comes to betting sites deposit options and those for withdrawing from yourg account. Here’s a quick comparison of how ecoPayz fares against a couple of the more familiar methods.
ecoPayz versus debit card payments
ecoPayz is seen as a payment platform similar to PayPal and Skrill, although it has many other features. However, it does give a gambler that middleman protection many are looking for that you cannot get when you directly link your bank with the operator via debit card.
The ecoPayz card is, up to this point, not available in the US, so that’s where an actual debit card will come in handy. However, for how many purchases do we actually still need an actual card?
ecoPayz provides lots of options to its users like transferring money globally, and fast deposits/withdrawals at casinos, where debit cards cannot do all of these things, and a debit card withdrawal can take up to five days to reflect in your bank account.
ecoPayz versus physical payment options
Some betting operators will let you make a payment in a physical location, such as a PayNearMe outlet or a partnered casino cage. This can be a convenient method if you like to deal with cash transactions and it can be perfect if you live near such an outlet.
Carrying physical cash in person does carry risks however, and of course this method takes time and has a transport cost. ecoPayz offers an extra layer of protection and security because it uses a middleman, so ultimately may be a better option than dealing in cold hard cash.
ecoPayz versus cryptocurrencies
Cryptocurrencies have their own individual charm when it comes to gambling as, when you use crypto betting sites, you’re adding an extra layer of gambling due to its fluctuation. From this perspective, ecoPayz is more straightforward as you choose US$ when you sign up, and that’s the currency you’re sticking to.
It’s difficult to find an operator that accepts crypto. ecoPayz is not very well-known — at least not as well-known as PayPal and Skrill, but we reckon it’ll be easier finding an ecoPayz sportsbook. Take a test run and search for a crypto betting site and then for an ecoPayz betting site. We’d love to know if your results are the same as ours.
So there seem to be lots of great reasons to make you consider opening an ecoPayz account when they are made available to US residents. Before you rush into it however, consider these facts that may influence your decision.
The ecoPayz account levels
Did you know that there are different ecoPayz account levels? There are five ecoPayz account levels: Classic, Silver, Gold, Platinum, and VIP. Each level involves different fees and perks, not to mention requirements to be considered for the specific account level. These levels, as a part of the ecoPayz package, are not available in the US; however, it’s definitely handy to understand how they work if the payment platform decides to make that smart decision of launching in the US. From this perspective, ecoPayz is a lot different from bank transfer bookies and even Venmo sports betting, which is also considered to be an e-wallet of sorts.
You can upgrade your ecoPayz account, but do you want to?
You start at ecoPayz with a Classic account, but you can upgrade it to a Silver, Gold, and Platinum. You can only upgrade to VIP if you live in Europe. It’s easier to upgrade to the silver account, for example, than it is to upgrade to Platinum, and it is also linked with your financial affluence. For example, to get the Silver account, only a verification should be necessary. In the Silver Level, you are able to receive money in more than one currency, but you still don’t need to pay any fees.
Different account levels
The Gold Account and Platinum accounts require you to deposit larger amounts of money into your ecoPayz account than the basic accounts, but provide you with different perks and benefits. There are, however, associated fees, the exact fee depends on the options available in your region and country of residence, so be sure to carefully read the terms and conditions when signing up.
Ever since ecoPayz appeared on the scene, it has evolved considerably and influenced the European and UK online betting market’s payment options. This deposit/withdrawal method offers additional security features, an easy-to-use app, 24/7 customer support, and relatively low fees. The deposit times are rocket-fast, and the withdrawal times are right on par with the platform’s peers, including PayPal.
After reading this review, ecoPayz betting sites should now be on your gambling bucket list. If you’re looking for an operator that supports ecoPayz or an ecoPayz sportsbook, they’ll hopefully be available to US players soon. For now, check out TheGruelingTruth.com to find detailed operator reviews you can trust and find an alternative that works for you, like American Express betting sites or other payment methods that are convenient and reliable.
👀Can account holders request withdrawals using ecoPayz as an online casino banking method?
When looking at deposits and withdrawals, you will always need to carefully read the T&Cs of the ecoPayz betting operator. Every operator has unique terms and conditions and they often are subject to change. You can find all the details you need about making payments with ecoPayz in our comprehensive review, here at TheGruelingTruth.com.
👂Why have I never heard of ecoPayz?
The ecoPayz platform is a popular payment method for sportsbooks and online casinos in Europe. Check out our reviews here on TheGruelingTruth.com where we take an in-depth look at ecoPayz as well as payment methods that can be used with US operators.
💳Can I get an ecoPayz card in the US?
ecoPayz offers several payment options as well as perks for reaching account tiers. Some of these options include cards. If you want to learn whether you need an ecoPayz card to wager on US sportsbooks or online casinos, read our fantastic review about this payment method and where it’s available.
❓What do I need to get a ecoPayz account?
To this point US residents may find it has been difficult to confirm the process of opening an ecoPayz account. We have taken the hard work out of this for you by casting a critical eye over this e-wallet payment method and you can find out all you need to know in our expert guide
👑Is ecoPayz legit?
According to our review, ecoPayz is legit for several reasons that may change the way you think about gambling. Take a look at what TheGruelingTruth.com’s experts have to say about this payment platform and what it may mean for US gambling in the future.
Players must be 21 years of age or older to reach the minimum age for gambling in their respective state and located in jurisdictions where online gambling is legal. Please play responsibly. Bet with your head, not over it. If you or someone you know has a gambling problem, and wants help, call or visit: (a) the Council of Compulsive Gambling of New Jersey at 1-800-Gambler or www.800gambler.org; or (b) Gamblers Anonymous at 855-2-CALL-GA or www.gamblersanonymous.org.