🇨🇦 EcoPayz Casinos in Canada
ecoPayz is an online payment solution that was previously known as ecocard. The payment method is provided by PsiPay Ltd. and is authorised and regulated by the UK Financial Conduct Authority (FCA).
ecoPayz functions in the same way as the majority of eWallets, providing a safe place to store your money online and allowing you to deposit or withdraw from and into that wallet from your favourite online casinos, without having to share your bank details with the casino itself.
There are a few things that set ecoPayz apart from other eWallets, one of which is the ability to obtain a card that works as a pre-paid debit card, but for online casino play, there’s little difference between this and an online wallet, really.
There is something that does make a difference to those in the iGaming world, however. Unlike most eWallets, ecoPayz offers various account levels, starting with the Classic ecoPayz account which provides a usual Wallet service, deposit and withdrawing, and very little else, a simple approach.
As you move up the levels however, fees go down and perks go up, so this is a payment method that provides a range of different services depending on what you’re after.
For the base level, however, you will be better off using a different Wallet in most cases, the fees and limited services available will not match up against the services provided by competitors.
It is when you move up the account levels that things start to get interesting, making this perhaps an option aimed more at the high-rollers.
So, how does ecoPayz stack up against the numerous other payment methods that are available? Is this a method for the high rollers? Or does it fall to the wayside in comparison with other choices on the market?
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Transaction Speed
In terms of transaction speed, ecoPayz is pretty similar to most other eWallets, transactions are swift in most cases. In terms of deposit, all you need to do is choose ecoPayz as your payment method and enter the amount you want to deposit, you’ll then be redirected to the ecoPayz site.
Put in your details for your account and confirm the transaction, your funds should be deposited into your online casino account pretty much immediately.
When it comes to withdrawals, the process is exactly the same. There may be some delays here, as many online casinos take a day or two to clear deposits into your account. These hold-ups are on the online casinos side, there normally won’t be any delays due to ecoPays when you’re depositing or withdrawing money from an online casino site.
Transaction Safety
Safety and security are ensured when you’re using ecoPayz as a banking method. All transactions made using ecoPayz are subject to state-of-the-art security and encryption technology to protect you and your information.
An extra level of security, and perhaps just as importantly, peace of mind is provided by ecoPayz. Like most eWallets, this payment method works as a middle man, meaning you don’t have to share your personal information or bank details with your chosen online casino.
This can provide confidence for those who are still a little nervous when it comes to sharing too much information with casino sites.
Limits
The limits on deposits made with ecoPayz are more complex than most alternative payment methods due to the limits increasing as you make your way through the levels.
The Classic and Silver levels cannot compete with the limits attached to most other payment methods, but that is likely to be the point, to tempt players to select the Gold, Platinum, and VIP levels.
Once you do go higher, the limits, obviously, also get higher. At Platinum and VIP level, the limits attached to deposits and withdrawals by ecoPayz don’t really matter, it will normally be the limits put in place by the casinos themselves.
Perhaps more than any other factor, deposit and withdrawal limits for ecoPayz are only really impressive at the higher levels.
Accessibility
ecoPayz is available at a decent number of online casinos, but compared to many other payment methods it cannot really stand up.
ecoPayz is available in fewer countries than most other methods, and even within those countries, the number of online casinos providing ecoPayz is relatively limited.
Canadian players will certainly find a decent range of casino sites that provide ecoPayz to players, but there is no guarantee that it will be available at your favourite online casino. There are certainly methods that are more readily available.
Deposit Bonus Match
Deposit match bonuses at online casinos are often not connected to eWallets, the likes of Neteller are often exempt from these bonuses, for example.
However, ecoPayz does not usually full victim to this treatment, with the majority of online casino sites allowing deposit match bonuses to be attached to deposits made with ecoPayz.
It is, of course, sensible to check the terms and conditions attached to bonuses, as some casino sites will not include any eWallets, but in most cases, ecoPayz payments do not affect your ability to claim deposit match bonuses.
FAQ
ecoPayz is a decent eWallet, but for most players, other eWallet options are likely to have more to offer. The deposit limits for the lower levels of ecoPayz are a problem, and the lack of accessibility compared to other methods also works against this banking option. For high rollers, however, the Platinum and VIP levels have a lot more to offer than other available options.
