What is ecoPayz?
ecoPayz just isn’t infamous in Canada, but also across the world. In case you aren’t entirely familiar with this payment method, we’ll give you a short rundown to get this started.
- ecoPayz was founded in 2000 and is an old-timer in the sector of digital wallets and payment solutions.
- It is widely accepted across the world and supports businesses and customers in 150+ countries in 45 currencies.
- The payment method is known for its exceptional security features that allow for safe transactions for all users.
- Users can create up to 10 currency accounts and use them for different purposes and services that support ecoPayz.
- ecoPayz is used frequently for shopping and for online sports betting in Canada.
How Does ecoPayz Work?
Before getting into ecoPayz betting and all it has to offer, let’s explore how this payment system actually works.
ecoPayz’s e-wallet works as an intermediary between your bank and the online sportsbook. It does this by allowing the transfer of funds from your bank account into the ecoPayz account which can then be used to make online transactions. The funds in your ecoPayz account can be used for making fast and secure transactions to the online sportsbook of your choice.
ecoPayz isn’t a bank but rather a financial institution that stores your money safely online so you can use it for a variety of purposes. You can use this payment method wherever it is accepted.
You can use ecoPayz in two main ways. Firstly, you can register for an account and fund that account with a debit card, credit card or any other payment method. You can access the funds from this account and use it for your purchases.
The second way to use ecoPayz is to get an ecoCard. This is a pre-paid debit card made by ecoPayz. It works like any other debit card and is another way in which you can use ecoPayz for online sports betting.
History of ecoPayz
ecoPayz was founded in 2000 by Phil Davis in Horsham, England. The company initially started as ecoCard which was later rebranded as EcoPayz in 2013. It launched as a European financial services firm and still is one to this day.
In 2008, the owner of EcoPayz, PSI-Pay Ltd, was regulated by the FCA. The very next year, the company became a member of Mastercard for the purpose of card issuing. They continued to roll out safe and easy features for their consumers and quickly became a trusted payment method.
In 2013, along with the name change, ecoPayz rebranded their whole company to fit their new range of services. Along with this rebrand, they launched new products like the ecoAccount, ecoVirtualcard and much more.
ecoPayz now spans across 150+ countries with 45 currencies worldwide. It is now a leader in the European pay card market with loyal clients and customers. They are known for their wide range of services and several layers of security that are used during transactions.
ecoPayz in Canada
As we have mentioned above, ecoPayz is available in 150+ countries worldwide, among which one is Canada. This payment method is well-known in Canada among shoppers as well as punters. They also support numerous currencies along with the CAD in case you want to use another currency.
ecoPayz functions in Canada just as it would anywhere else. However, do keep in mind that only members of the EEA can use the ecoPayz physical and virtual Mastercards. Still, Canadian users can avail the majority of their services without any hassle.
All you have to do is register with ecoPayz and create an account to get started. Once you have created an account and logged in, you will be able to see the services that are accessible to you. Therefore, all Canadian users will be able to make online transactions, send or receive funds, withdraw money from their bank account and more.
You can also select the level of your ecoPayz account. There are five levels to choose from, they include the Classic, Silver, Gold, Platinum and VIP. Keep in mind that Platinum and VIP are only available in Europe. Your account level will determine the limits and allowances for transactions. You can move from one account level to another by submitting some documentation.
Advantages of Using ecoPayz
ecoPayz is not only known for its top-notch security features. They have numerous advantages for shoppers as well as punters. Let’s explore some of these advantages below.
Security of Information
ecoPayz betting or shopping doesn’t ask you to disclose any personal information. It makes sure that your personal data and information are kept safe from any third parties. They have layers of encryption installed within the system to make sure there is no information breaches and makes sure your betting activity can remain hidden.
You can expect to come across some reputable online betting sites that accept ecoPayz. This is because this payment method is widely accepted across the world as well as in Canada. Be sure to check out our best ecoPayz betting sites mentioned above to find your perfect pick.
Instant Deposits and Withdrawals
One of the best things about ecoPayz betting is the instant deposits and withdrawals. With this payment method, you can expect to see lower waiting times as banks are not interfering in the transactions. Deposits usually take place immediately and withdrawals can take up to 1 to 3 days depending on the online sportsbook.
Welcome Offers and Bonuses
Some payment methods such as Skrill and Neteller can exclude you from getting welcome bonuses and offers at online sportsbooks. With ecoPayz betting, you will be eligible for any promotion depending on the promotion scheme at the online betting site.
Numerous Currencies to Choose From
You may be a Canadian player who wants to use another currency other than the CAD. With ecoPayz betting that can be done without breaking a sweat! This payment method has over 45 currencies for users to choose from.
Variety of Products
ecoPayz doesn’t only have one of two main services, instead, they have quite a few to choose from. This way you can have a few options to choose from when going in to make your deposit at your ecoPayz betting site of choice.
24/7 Customer Service
Did we mention that ecoPayz also has exceptional customer support services for its users? They have a live chat service as well as an email form on their website. It’s also nice to note that their customer support operates in various languages for the ease of users.
All the services you get on the desktop version of ecoPayz are also available in a free and easy-to-use mobile app! You can thus, use your ecoPayz account on the go to top up your online sportsbook account without any hassle.
Free P2P Transactions
Lastly, you can also make free peer-to-peer transactions with ecoPayz. The level of your peer’s account won’t matter when you want to send and receive funds from them. They can be on the VIP level and you can be on the Classic level, either way, transferring of funds will not be hampered.
ecoPayz is a great option for punters who are looking to make safe and easy transactions when betting online. Whether you are a newcomer or a seasoned player, you are bound to enjoy instant deposits and withdrawals, good customer support, multiple currencies and so much more!
ecoPayz works like any other e-wallet in online sportsbooks. The first thing you have to do is make sure that the online sportsbook you choose accepts ecoPayz as a payment method. To do this you can simply choose one from the list mentioned above or find one on your own.
Once you have found a betting site of your choice, you can simply select ecoPayz as your preferred payment method. You can choose it when you make deposits and when you make withdrawals from the betting account. We’ll explain the full process of depositing and withdrawing below so keep on reading!
How to Make Deposits and Withdrawals with ecoPayz betting
Now that you’ve found out all the pros of ecoPayz, you’re probably on your way to making the first deposit! Well wait, let us help you out. Below are mentioned some steps of making deposits and withdrawals for ecoPayz betting.
How to Make ecoPayz Betting Deposits?
Making deposits with ecoPayz betting is very easy and can be done in just a few simple steps. Let’s find out more below.
- Log into your online sportsbook account and go to the banker/cashier section.
- Click on the “Deposit” option and find ecoPayz from the list provided.
- Log into your ecoAccount with your credentials.
- Enter the money you want to deposit and confirm the transaction.
- The amount should appear in your betting account almost instantly!
Bear in mind that the deposit timings may also vary upon the online betting site.
How to Make Withdrawals With ecoPayz Betting
Making withdrawals with ecopayz betting is mostly the same process! Follow the steps mentioned below to make a withdrawal from your online betting account.
- Log into your online sportsbook account and go to the banker/cashier section.
- Click on the “Withdrawal” option and find ecoPayz from the list provided.
- Log into your ecoAccount with your credentials.
- Enter the money you want to withdraw and confirm the transaction.
- Wait for the money to show up on your account.
The processing time takes usually 1 to 3 days after you issue your withdrawal request. Once the online sportsbook has approved it, the funds should appear instantly on your ecoAccount or to any other source you’ve chosen.
Security of ecoPayz
When it comes to security, ecoPayz passes the security tests with flying colours. As we mentioned once above, ecoPayz is known for its security measures and features. They ensure that no information is exposed to third parties, whether that is personal data or financial data.
The company has been nominated for numerous security and anti-fraud awards and has maintained its security protocols for all its users across the world.
ecoPayz’s 256-bit SSL encryption technology is authorised by the Financial Conduct Authority (FCA). It is also in compliance with the latest Payment Card Industry (PCI) and Data Security Standards (DSS). So you can rest assured that choosing this as your payment method will ensure your safety on all levels of the transaction!
How to Open an Account
Opening an account with ecoPayz or an ecoAccount as they call it is very easy. We’ll help you get started and provide steps to the whole process.
- Visit ecoPayz.com and select the “Open a free account” option that’s there on the homepage.
- A form will appear where you need to input all the necessary information.
Fees of ecoPayz
Like most other e-wallets, ecoPayz is also accompanied by some fees and charges. At the time of writing, Canadians making a deposit with ecoPayz betting may have to pay a small charge of 0 to 7 % of the deposit. For withdrawals, it could be somewhere between $8 to $14.
Also, the online sportsbook could also charge you a small amount for every transaction made with this payment method. The fees will vary from betting site to betting site.
As for the account levels, there may be certain fees depending on the level you are at and the services you get within those levels. They have a detailed chart on their website with this information so be sure to check it out.
Alternatives to ecoPayz
While there are many reasons to use ecoPayz in betting, you may still want to keep your options open. For such cases, we’ve rounded up some of the best alternatives to ecoPayz for you and your betting adventures!
A popular payment option in Canada is Skrill. This is also an e-wallet that lets you fund your account and conduct online transactions. Skrill is one of the most popular payment methods and has over 35 million users worldwide. On the downside, using Skrill will also result in some additional fees and charges.
Chances are you’ve definitely heard of this iconic payment method. Visa cards have been around since the 1950s and provide punters with cards that they can use to fund their accounts. While they are exceptional in every way, a main drawback of Visa is their slow withdrawals which can take up to 5 days.
Paysafecard is known for its security and ease of use. This voucher-based payment method allows you to top-up your betting account without needing to disclose any personal information at all. However, you cannot make withdrawals with Paysafecard as it is only applicable for deposits.
PayPal is another notable e-wallet provider that has revolutionized the game with their services. It is widely accepted both online and offline and especially for online sportsbooks. Keep in mind though that PayPal is notorious for having slow customer support!
Now that’s covered most of the bulky content, we’ll address some of the common FAQs regarding ecoPayz betting!
No FAQs have been found here.
To finish it all off, we’ve curated some tips that could be helpful to you in your ecoPayz betting journey. Follow some of these tips to have a safe and enjoyable betting experience!
Take Your Time
When it comes to choosing the right payment method, it can be good to take your time before making the final decision. Understand what is important for you and what features are significant for you in online betting. After you’ve understood what to deem worthy and what to not, you can choose a payment method that is suitable for you. So, take your time with this.
Dig Out Any Fees
There are fees for using ecoPayz betting. As we mentioned above, these fees may change depending on the online sportsbook. So, scour through the betting website and dig out any fees that may not be in plain sight.
Accepted Payment Methods
Not all Canadian online sportsbooks accept ecoPayz as a payment method. Thus, before you make an ecoAccount and move on to making a deposit, ensure that the online sportsbook actually accepts ecoPayz.
There are limits set based on the level of your ecoAccount. Visit the ecoPayz website to find out the limits associated with each tier of account. Based on those limits and allowances you can get started with ecoPayz betting.
EcoPayz Betting: Summary
All in all, ecoPayz betting is gaining popularity in Canada for a reason. It is a safe and easy means of money transfer that is not only good for shopping but also for online betting. It allows punters to remain anonymous and to have multiple sources of funds.
While there are certain fees for using this payment method, this is only a small drawback among the many advantages. So, do your research before jumping in and remember to gamble responsibly with ecoPayz betting!