Ecopayz

Ecopayz is the name of an electronic wallet service, a company which gives you the option of using an online payment system, instead of giving away your credit card information to every website that you want to buy something from. In order for you to be able to use Ecopayz on a website or any kind, including to add funds at a casino, that site needs to support this method of payment. If they don’t offer it, you can’t use it.

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How it works

Using Ecopayz is simple enough. All you have to do is create an account on their website, and add money into that account, by using one of the options available to you, which include debit or credit cards and wire transfers. Once you have money in that account, you can use it to make payments and buy things from websites that offer you the possibility of using Ecopayz.

You might be wondering at this point, why you should deposit money with Ecopayz in order to buy something online, when you could just use your credit card directly to do that. Well, the reason for the use of an intermediary, like Ecopayz, is the level of extra protection that it offers you. Since you never really know how merchants store your financial data, and whether they use encryption for it or not, it’s a good idea not to give them that information in the first place. That’s where Ecopayz comes in. All you have to do to use them is to select them as the method of payment, after which you are redirected to their site. You use your account details to confirm that you allow this merchant to take money from your account, and that’s it. You’re done, and you can use the money you just deposited in your account immediately.

Deposits and Withdrawals

Making a deposit or withdrawal with Ecopayz is quite easy, and it all happens in a matter of seconds. Once the money is in your account, you can choose to send it to another account, to withdraw them to your card or bank account, or to use them to buy something.

Fees

Depositing funds with them at a casino should be free of charge, but there are costs associated with adding money to your Ecopayz account. You will pay between 0 and 7% for deposits via bank wire, and 2.9% for credit card deposits.

Withdrawals have fixed costs when they’re made to your bank account, and it’s a flat fee, of 10 Euros, which is a bit too much, when you consider that better known competitors like PayPal do the same thing for 2 Euros.

Safety

Ecopayz uses SSL encryption for all data transferred to their website, and your data should be secure with them. According to their website, the information they store about you is kept on computers that have firewalls, and they are not connected to the Internet directly.

Conclusion

It’s an interesting payment solution, which can be a decent alternative if the bigger ones are not available to you, but otherwise their fees are a bit too high to make them a great choice.