ecoPayz Casinos

Where to use the popular e-wallet for deposits & withdrawals

Using ecoPayz for deposits and withdrawals

Managed 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%.

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How To Use an ecoPayz Account In Canadian Casinos

This is an approved mode of online money transactions in Canada, and as such, it is widely used in online casinos both as a deposit method and as a withdrawal method. A such, even the verification method is different for Canadian users where, instead of accessing the myEco website, it is recommended to use the EFT method. It is a swift method that drafts funds from the relevant bank account. Before the limits can be removed, an amount between $50 and $250 is drafted from the user's bank account. The user is then supposed to check the ecoPayz statement and then subsequently state the amount on the statement.

When making deposits in Canadian online casinos, users are required to use an ECO Webcard. To use this service, verification of either a debit card, credit card, or simply the user's identity is required. After this, a MasterCard number is issued which can be used to make deposits to a player account in an online casino. Every time the MasterCard number is keyed in during a deposit, the amount is debited from the respective ecoPayz account. Alternatively, players can opt for an EcoPayz prepaid debit MasterCard which is shipped to the registered address in just a few days. The EcoPayz MasterCard and the ECO Webcard are both free, although there are charges according to the use.

When withdrawing funds, players must have linked their ecoPayz account with a bank account. Genuine and verifiable bank information must be presented before the first withdrawal is made. Sometimes, depending on the jurisdiction, a SWIFT or an IBAN number might be required. Once it becomes a certified withdrawal method, then a fee of $10 will be charged on every withdrawal transaction in addition to bank fees on the same.

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