EcoPayz Casinos

Hello, readers of SuperCasinoSites! My name is Dan Howard. I am one of the co-writers at this website and a person with a vast experience in playing roulette online and offline. I have helped review many of the web-based casinos and roulette variations you can read about at SuperCasinoSites, with a focus on providing you with accurate information that can help you in finding the best casino websites.

EcoPayz is an online payment solution that offers its users virtual Visa cards. The service is owned by PSI-Pay, a company registered with the Financial Conduct Authority of the United Kingdom. This is the government institution that is responsible for the oversight of any financial service operation in the jurisdiction of the United Kingdom. This regulatory body has an excellent track record for policing the companies under its watch and as a result, any entity licensed to operate under the terms of the FCA can be considered trustworthy and you can safely entrust your money to them.

EcoPayz has in recent years risen in popularity in the realm of online gambling due to the excellence of its service. It provides gamblers with an alternative to traditional payment solutions by offering them the opportunity make transactions in a quick and safe manner. For your convenience, we have provided you with an outline of the best and worst aspects of EcoPayz.

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Advantages and Disadvantages

ecocard imageEcoPayz provides you with an alternative to traditional bank cards, in the sense that you get to keep all of their advantages while also discarding some of the negative aspects. Every user is issued a virtual Visa card that they can use to make payments online in the same manner that they would when using a physical debit card. While this may sound like the exact same thing, it should be noted that the virtual card gives you a significant advantage over the physical.

For starters, the virtual cards that EcoPayz issues are in no way connected to your bank account. This means that the only funds that are available are those that you decided to load on the card. That makes it impossible for third parties to gain access to the money stored in your bank account. This is an excellent way of protecting your funds since the virtual card can function as a proxy between your bank account and third parties, e.g. online casinos or merchants.

Furthermore, the virtual cards offered by EcoPayz are Visa cards in every sense of the word. They simply do not exist in physical form. What this means is that you can use you EcoPayz card to pay at any online store or casino that accepts Visa. Visa is a commonly known and accepted brand and there is hardly a store out there that does not accept payments by it. Additionally, any EcoPayz virtual card can be loaded by various different means including traditional credit and debit cards, wire transfers and even other online services such as eWallets.

Using EcoPayz for Gambling Purposes

ecopayz imageEcoPayz is a commonly accepted method of payment at many online casinos. As mentioned above, it is a very appealing service to many gamblers. It can be used to as a traditional Visa card meaning that you get the benefits of that brand. Since every online casino out there accepts Visa cards you should experience no trouble in making a deposit straight. Alternatively, you may also find an EcoPayz option on the Cashier page. Clicking on it will open another window where you would need to enter your payment information. As soon as that is done, your deposit will clear and you can start gambling away your hard-earned money.

EcoPayz is a commonly used transaction service at online casinos and poker rooms, meaning that you should have no trouble in finding a gambling website that supports it. In fact, whereas other payment services might try to distance themselves from the online gambling industry, EcoPayz embraces its involvement. On their website, EcoPayz showcases some of the online casinos, sportsbook, bingo and forex websites where you can use this payment service to its full benefit. These are some of the most reputable websites in their respective industries and you can safely play there with no issue.

Fees for Gambling Transactions

method fees imageUsing EcoPayz can incur some charges in certain situations. When you make a deposit into a foreign currency the service provider has to exchange it. This will cost you 2.99% of the transaction. This can happen when you deposit to a casino that does not support your main currency. Other than that there are no other fees associated with the service.

When a transaction is made to an online casino a service charge is incurred by the payment company. Normally, the online casinos bear the cost of the transaction in the hope of gaining some consumer good will. But, every now and then, an online casino might refuse to pay the cost for the deposit and the user is left to pick up the bill. This is the reason why websites charge a commission when the user makes a deposit or requests a withdrawal. This charge does not go to the casino for profit, but to pay the service provider.

Processing Times for Gambling Transactions

processing times imageThe processing times at online casinos vary based on the kind of transaction that you initiate. For deposits the payment clears instantly, allowing you to immediately begin playing with your money. The time required to receive a withdrawal, however, will vary between the different online casinos. Since the virtual cards are essentially Visa cards they also feature the same processing times. Whenever you wish to cash in your winnings and request a withdrawal, the casino will have to first review your play history and other details. This process can last from 24 to 72 hours, or it might not even take place, depending on the casino in question. Only after it is completed will your payment actually be sent and then it could take between 1 and 5 business days to clear.

Now it reasonable to ask yourself why the deposits clear instantly, while withdrawals can take up to a working week to appear in your account. In reality, the truth is that deposits do not clear instantly. Payments that just as long for the casino to clear, as they do for the players. But rather than have its users wait, the casino allows them to play on credit since it knows that it will receive the money eventually. It does this, in order to appease it users and allow them instant access to the games, as well as to generate some consumer good will.

Security at Online Casinos

casino security imageIdentity fraud has increased exponentially with the rise of the Internet.  This has been a cause for concern for many years, especially so when you have to submit a significant amount of personal information to third parties. For this reason, almost every online service has some security system in place to safeguard your data. Online casinos most often implement very strong SSL – Secure Sockets Layer – encryption protocols which encode all of your data making it completely unreadable to unauthorized parties. This is one of the most popular security systems on the Internet and it has a very good track record of keeping users’ personal information safe. This is due to the fact that every piece of data sent between you and the casino is encrypted using this state-of-the-art protocol, which makes it nigh impossible for anyone but you and the casino to read. Modern day encryption systems are so developed that it would take any potential wrongdoers hundreds of years to break the encryption with the technology at our disposal. In practice, it serves as a foolproof method of protecting data.

On the EcoPayz’ side of things, you will also find the service to be equally, if not more, secure than the online casinos. Since EcoPayz is regulated by the Financial Conduct Authority of the United Kingdom it is required to possess only the best online security available. As a result, EcoPayz uses the same SSL encryption found at online casinos, as well as its successor Transport Layer Security. Depending on your browser, you can benefit from one or the other. Furthermore, any servers that store personal information are separated from any other hardware in highly secured, restricted locations. Only authorized personnel have access to these servers and so your information is protected with extreme care. Additionally, all transactions are made in compliance with the Payment Card Industry and Data Security Standards, which is the norm for all online payment services. You can also enable 2-Step Verification to your EcoPayz account. This is a security measure provided by Google that allows companies to send a verification code to your smartphone which you can then enter to access your account. This method ensures that as long as you have your phone on you, no one else can login to your account.

EcoPayz FAQ