Payz might sound like a new payment method, but it's actually the new name for the ecoPayz e-wallet system that's been trusted for over two decades.
That's why you'll find the method now being accepted by all of the venues that were previously known as ecoPayz Casinos.
Payz is a popular way of making casino deposits that offers a much higher level of safety and security than credit or debit cards. In this article, we'll explain how it works and how to use it.
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Payz: An Overview
Payz is the latest brand name for the payment platform that was founded in 2000 as EcoCard. A rebranding to ecoPayz took place in 2013, and that's when the ecoPayz casino became a thing. Another rebranding in 2023 to the simpler Payz name was initiated to help the company keep up with changing times.
While the name of this payment method has changed, the commitment to providing innovative payment solutions to its customers remains the same. The goal at all times is to help individuals and businesses around the world to benefit from the speed, safety, and convenience of its payment services.
To summarise the method in a nutshell, Payz is an e-wallet that can be used to pay for goods and services, as well as receive funds, in more than 50 currencies. You will need to open an account to start using this method, but doing that is as easy as visiting the Payz website, clicking the Open an Account button, and entering your personal details into the pop-up registration form.
Should you wish to do so, you can download a Payz app to your mobile phone. This will make it even more convenient to use this method of payment. The apps can be downloaded for Android or iOS devices from the Google Play store or the Apple App Store, respectively.
How to Deposit at an ecoPayz Casino
Once you have a Payz account, using it to fund your online casino account is as straightforward as you could want. Here's the procedure:
As long as you have enough money in your Payz account to cover it, your transaction will be processed on the spot and credited to your casino account without any delay whatsoever.
Making Payz Withdrawals
It's even easier to make withdrawals by Payz than it is to make deposits, for the simple reason that you won't need to approve the transaction in your Payz account. All you have to do is:
The withdrawal will be processed just as soon as the casino has approved it, making Payz one of the fastest withdrawal methods around.
Does ecoPayz Charge Users?
When you open your Payz account, you will be offered a choice of five different types, from the Classic to the VIP. Each type has different daily transfer limits and fees, so be sure to consider how much money you might want to transfer on any given day before making your choice.
Most online casino players in New Zealand manage perfectly well with a Classic or Silver account. The difference is that the Classic doesn't allow withdrawals to a bank account. The Silver account does, but it charges a withdrawal fee of up to €10 for doing so. No fee is charged to leave funds in your Payz account.
Transactions involving a currency exchange will attract a fee of 2.99%. Fees are also charged when you make deposits to your Payz account. These vary according to the method used, with bank deposits to a Silver account being the cheapest at just €0.50 per transaction.
The Benefits of ecoPayz Casinos
Using Payz to fund your online casino accounts has several important benefits. Three of the key advantages to consider are as follows:
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The company behind Payz has been trusted as a global payment solutions provider since it was founded in the year 2000. The fact that it is still thriving more than two decades later says a lot about its popularity, and its e-wallet is especially suited to the need of online casino players.
This method is as secure as it is user-friendly and can be used for both deposits and withdrawals. Should you need a new way of funding your gaming hobby, Payz is a solution well worth considering.
