Using ecoPayz for deposits and withdrawalsManaged by PSI-Pay, a British e-money issuer, ecoPayz is regulated by the UK Financial Services Authority and for a long while now, it has been one of the more prominent options for transacting at Canadian online casinos. Just like other e-wallets such as PayPal, the service does not issue users with a card to access its services. Players can use this service to transfer money to other people, merchants (during purchase), or just to online casinos where crediting a casino player account allows the account holder to play casino games. In order to use the ecoPayz service, it is essential to first of all load the e-wallet with money.
It is an easy step by step process where the only requirement is to access the e-wallet's official website. After this, the next step is to click on the "join us" tab. This tab only works when the country of residence is listed as one of the countries where ecoPayz is legally accepted as a means of payments. On the registration form, filling out the date of birth, official names, and email address are mandatory. In some cases, a proof of identity such as a passport or a national ID card is essential in clearing this process up.
Once the account is available, there is still a confirmation process where a link might be sent to the email address, or a phone call made to the phone number provided, or rather a text with a registration code sent via an SMS. Afterward, a verification process via the myEco interface is mandatory before using the card. When a user attempts to make a deposit for the first time, then ecoPayz makes a micro deposit on their behalf to the credit card account. Once the user checks the statement, they are then required to enter the balance on the myEco website to ensure that they have enabled the card for future deposits. In this verification process, the credit or debit card deposit is charged a fee of 2.9%.