In today’s rapidly evolving iGaming industry, the twin pillars of speed and security reign supreme. Traditional payment methods such as credit cards and bank transfers have been found wanting, plagued by vulnerabilities to fraud and sluggish transaction speeds. Emerging from the ruins of these outdated approaches, eWallets like Payz have risen to the occasion. This English payment platform has emerged as the top choice for online casino enthusiasts worldwide, primarily due to its minimal or non-existent waiting times.
In this comprehensive Payz review, we will leave no stone unturned as we delve deep into the brand’s intricacies, uncovering its strengths and weaknesses. Our analysis will encompass various aspects, including processing times, fees, the process of setting up an account, and everything else you need to know about utilizing Payz for your online casino experience. By the time you’ve absorbed the information contained in this report, you will be well-prepared to make an informed decision on choosing the finest Payz casinos, replete with the most lucrative bonuses, a wide array of casino games, and promotions, including free spins and other offers that you can leverage to your advantage. Payz will soon become an indispensable payment service you won’t want to overlook.
Tags: Payz Casino, Online Casinos, Payment Methods, eWallets, iGaming, Online Payments, Financial Security, Customer Support, Payz Features, Payz History, Deposits, Withdrawals
Top Online Casinos with Payz
We present a comprehensive overview of Payz casinos, complete with in-depth reviews. Each online casino site listed here has been painstakingly tested and meticulously examined, with particular emphasis on financial security and the overall range of games. You can rest assured that any of the Payz online casinos featured are top-notch choices, but the ultimate decision rests with you, as you select the provider that aligns perfectly with your preferences.
A Journey through Company History
Payz, formerly known as EcoCard, came into existence in the year 2000 under the aegis of PSI-Pay Ltd, the parent company overseeing the brand. This historical backdrop makes Payz one of the oldest eWallets in existence, and one of the pioneering European brands that posed a legitimate challenge to its American counterpart, PayPal. Though Payz may not have enjoyed significant influence in its initial years, it took a significant leap in 2008 when it received authorization from the Financial Services Authority (FSA) to issue electronic money. Since then, the provider has operated in strict compliance with the standards outlined in the Financial Services and Markets Act 2000 and the EU’s E-Money Directive.
The year 2009 marked a significant turning point for the company, as it achieved two major milestones within the eWallet industry. It became an official member of the MasterCard family, and it introduced its iOS app, celebrated for its intuitive and user-friendly interface. The 2010s witnessed the introduction of the now-famed multilingual 24/7 customer support and the option to create business accounts. Departing from its original card-centric approach, EcoCard underwent a transformation, rebranding itself as Payz. This rebranding was accompanied by the launch of ecoAccount, ecoVirtual, and various other sub-departments.
In recent years, the company has continued to push the envelope by introducing numerous innovative features, firmly establishing itself as a dominant force in the fintech sector.
Payz in the News
May 2023: EcoPayz undergoes a name change, rebranding itself as Payz.
November 2021: Payz (formerly ecoPayz) introduces personal virtual IBAN and UK sort codes, catering to customers in the EEA and the United Kingdom.
October 2021: Betsson Group welcomes Payz (formerly ecoPayz) as a new payment method, enhancing payment options for its users.
June 2021: Payz (formerly ecoPayz) updates its website to provide a smoother, less cluttered interface, improving the user experience.
April 2021: Payz (formerly ecoPayz) ceases processing online payments in Norway, aligning with local regulations.
February 2021: Real Luck Group Ltd, a leading provider of legal real-money esports betting, joins hands with Payz, expanding the platform’s reach.
November 2020: Payz (formerly ecoPayz) launches new mobile apps for iOS and Android, serving customers in the EEA, Switzerland, and the UK.
August 2020: Payz (formerly ecoPayz) introduces the Payz Mastercard, available to Silver account holders and above in the UK and most EU/EEA countries, offering added convenience for users.
April 2020: RoboForex integrates Payz (formerly ecoPayz) as a new payment provider for trading operations.
July 2019: The codePayz app emerges as a brand-new payment method for Payz (formerly ecoPayz), expanding the platform’s payment options.
Target Audience
Payz currently extends its services to 154 countries, territories, and jurisdictions. While Payz takes pride in serving over 75% of countries globally, it’s crucial to understand the nuances associated with its usage before diving in:
In Israel, Hungary, and Turkey, Payz is off-limits for online casino transactions, owing to the strict prohibitions on online casino gambling in these countries.
The ecoCard can be used exclusively in countries within the Single Euro Payments Area (SEPA), encompassing the EU, including Germany and Austria, and a selection of other nations.
In essence, Payz primarily targets markets in Germany, Austria, the United Kingdom, the Netherlands, Sweden, Finland, Norway, Italy, and Spain.
How to Open a Payz Account: A Step-by-Step Guide
Setting up a Payz account is a relatively straightforward process, devoid of convoluted tasks or complex queries. However, it bears some unique elements that set it apart from other payment providers. To harness the power of Payz for your online casino endeavors in Germany, follow the steps below:
Visit the website and sign up. Navigate to payz.com and locate the “Sign Up” button, prominently highlighted in green and positioned in the upper right corner, just above the sleek, transparent black header.
Enter your email address and password. Choose a username, input your email address, and craft a robust, secure password. The password should include letters, numbers, symbols, and the occasional uppercase letter. It’s imperative that the password is both lengthy and periodically changed. Additionally, refrain from recycling the same password across multiple websites to avert potential breaches of their databases.
Select your country, language, and currency. Specify your country of residence and opt for your preferred language. This step holds importance, as Payz offers multilingual support, ensuring that you receive communication in your native language and suitable responses. Furthermore, you can add additional accounts in different currencies after completing this process.
Input personal information. Furnish your first and last name, date of birth, address, and mobile number (for contact and 2FA purposes). Enter the symbols displayed in the CAPTCHA field directly beneath.
Read the Terms and Conditions (T&C). Delve into Payz’s comprehensive Terms and Conditions (T&C) to familiarize yourself with the platform’s policies and expectations. Accept these terms once you have read and understood them.
Create your Payz account. Click on “Create Account,” and you’re all set. Your Payz e-wallet is now at your disposal, ready for online purchases, deposits, and withdrawals within the Payz casino.
Deposits and Withdrawals in the Payz Casino
You need not possess the acumen of a rocket scientist to make deposits using Payz. The process is as straightforward as it gets:
- Visit the Banking/Cashier section and select Payz as your preferred payment method.
- Decide whether you wish to transfer funds directly from your balance or via a credit/debit card when using your ecoCard or ecoVirtual Card.
- Input the requisite Payz account details to initiate the transfer.
- At most online casinos, the minimum deposit amount stands at €10, and Payz transactions for online casinos are typically fee-free. Furthermore, there is no ceiling on the maximum deposit amount unless you set one for yourself. Enjoy the luxury of instantaneous deposits at Payz online casinos.
- When the moment arrives to withdraw your well-deserved winnings, you should adhere to the following procedure:
- Navigate to the Cashier/Banking section.
- Select Payz as your preferred withdrawal method.
- Input your Payz account details, specify the withdrawal amount, and confirm your request.
- Withdrawals using Payz are usually processed within 24 hours, though the precise timeframe hinges on the specific policies of the online casino in question.
Advantages of Payz for Online Casinos
Selecting Payz as your preferred payment method for online casinos grants you access to several enticing benefits:
- Security: Payz takes online security with the utmost seriousness, deploying contemporary encryption techniques to safeguard your data and financial assets.
- Speed: Deposits are processed instantaneously, and withdrawals, typically, are completed within 24 hours, positioning Payz as one of the fastest options for online gaming.
- Widespread Availability: Payz extends its reach to numerous countries, making it an appealing choice for a wide array of players.
- User-Friendly: Payz prides itself on offering a seamless user experience, with a simple and intuitive interface.
- Privacy: The platform empowers you to make deposits without revealing sensitive bank details.
- Support: Payz offers 24/7 customer support, ensuring that assistance is available whenever you need it.
- Convenient Mobile App: For those on the go, the Payz app is a valuable asset, available for both iOS and Android devices. This mobile extension allows you to manage your account and transactions effortlessly while on the move.
Disadvantages of Payz for Online Casinos
While Payz boasts numerous advantages, it is not without its drawbacks:
- Verification Process: To unlock all the features of your Payz account, you may be required to undergo a thorough verification process, adding an extra layer of security.
- Fees: Certain Payz services may be associated with fees, so it’s vital to acquaint yourself with the fee structure, which can vary based on your account level and transaction type.
- Country Restrictions: Payz is not universally available, with certain countries and regions falling outside its purview. As a result, not everyone can utilize Payz for online gambling.
Conclusion
In the realm of online casinos, Payz is a name synonymous with reliability and efficiency. Whether you seek to make swift deposits for your favorite online casino games or expedite the withdrawal of your winnings, Payz is a trustworthy option.
Its extensive history within the online payments sphere, secure transaction processes, rapidity, and user-friendly interface render it a top choice for both novices and seasoned online casino enthusiasts. Payz furnishes everything necessary for a seamless gaming experience at Payz casinos, from instant deposits to prompt withdrawals, along with the added convenience of mobile accessibility through dedicated apps. Explore your options within the realm of Payz casinos, seize the bonuses on offer, and embark on a thrilling journey through your preferred casino games.
Disclaimer: This Payz review serves an exclusively informational purpose and should not be misconstrued as legal or financial advice. We strongly recommend conducting your own research before engaging with Payz or any other financial service provider.
FAQs:
What is Payz, formerly known as ecoPayz?
Payz is an English payment platform formerly known as ecoPayz. It’s a secure eWallet service used for online transactions, including deposits and withdrawals at online casinos.
How do I open a Payz account for online casino use?
To open a Payz account for online casino use, visit the Payz website, click on the “Sign Up” button, and follow the registration process. You’ll need to provide your personal information and complete the verification process.
Are there any fees associated with using Payz for online casinos?
Payz may charge fees for some of its services, and the specific fees can vary based on your account level and the type of transaction. It’s essential to review Payz’s fee structure on their website or in your account.
Which countries is Payz available in for online gambling?
Payz is available in over 150 countries and territories. However, there are some exceptions and restrictions based on local laws and regulations. Notably, it may not be available for online casino use in Israel, Hungary, and Turkey due to their gambling laws.
What are the advantages of using Payz in online casinos?
The advantages of using Payz for online casinos include security, speed, availability, user-friendliness, privacy, and reliable customer support. It also offers a convenient mobile app for managing your account and transactions.
What are the disadvantages of using Payz in online casinos?
Some disadvantages of using Payz include the verification process to access all features, associated fees, and country restrictions. Not all countries support Payz for online gambling.
How long does it take to process deposits and withdrawals with Payz at online casinos?
Deposits with Payz are usually processed instantly, and withdrawals typically take up to 24 hours, depending on the online casino’s policies.
Can I use Payz for online casinos on mobile devices?
Yes, Payz offers mobile apps for both iOS and Android devices, ensuring you can manage your account and perform transactions on the go.
Is there a verification process to use Payz for online casinos?
Yes, Payz may require you to undergo a verification process to unlock all features, ensuring the security of your account and transactions.
Is Payz safe and secure for online casino transactions?
Yes, Payz places a strong emphasis on security. It uses advanced encryption to protect your data and offers features like 2-Factor Authentication (2FA) to enhance the security of your deposits, withdrawals, and personal information. Payz is also compliant with industry standards, making it a secure choice for online casino transactions.
