What is ecoPayz?
ecoPayz is an eWallet payment method. This trusted and secure global payment solutions provider offers payment services to businesses and customers in over 159 countries and in over 50 currencies.
The company was founded in 2000, is headquartered in England and is owned by PSI-Pay Ltd. Originally known as the EcoCard platform, ecoPayz is one of the longest established eWallets in the world. PSI-Pay Ltd. is an award-winning company. Among its accolades is being nominated for the GGA London 2019 “Payment Solution of the Year” award.
As an ecoPayz merchant, you’ll be able to provide this secure and private digital wallet transaction option for players to deposit and withdraw on your site. Additionally, there is also the ecoPayz Mastercard (previously known as ecoCard) which allows eligible customers instant access to their ecoPayz account and the freedom to make prepaid and debit card payments.
Top Software Providers that offer ecoPayz
EveryMatrix
ProgressPlay
1click games
Pragmatic Solutions
Dragonfish
Aspire Global
Integration and Functionality
It’s free, fast and easy to integrate the ecoPayz platform. Account integration can be completed by setting up a merchant account directly through ecoPayz. To connect to the ecoPayz system, certain arrangements need to be made (e.g. database updates, firewall opening, etc.). You will receive a form requesting all the necessary information, and then be provided all the required details for your business’ operational environment, including the Merchant Integration Guide and other information you’ll need to connect to the payment system. Additionally, ecoPayz offers a Merchant API Web service, which allows merchants to perform automated actions like automated payout, automated user creation and automated reporting.
Another way that you can add ecoPayz to your casino or betting site is to acquire it with the help of an online gambling platform software provider (e.g. the providers we’ve mentioned above) that offers a payment gateway solution that includes ecoPayz among other banking methods. This is a fast and easy option, especially for those interested in starting a white label or turnkey casino/betting brand.
How to get a business account through ecoPayz
As a business seeking to integrate the ecoPayz payment system, you will need to apply for an ecoPayz Merchant Account. This is a free application that can be completed directly through the company’s website.
- Head to the ecoPayz site, select “Business”.
- Select the “Merchant Account” tab and click “Get Started”.
- Fill out the short form (e.g. full name, business email address, contact phone number, business name, website, industry, country, description).
- Send the form and a sales representative will contact you.
Once your application has been reviewed, a merchant sales agent will contact you and provide a clear explanation of the facilities/options that are available to you on the ecoPayz platform. They will then guide you, step-by-step, through the rest of the registration process, including provision of the completed “Merchant Application Form”, “Merchant Agreement” and submitting copies of various documents about your company as part of the KYC validation process.
How ecoPayz functions as an iGaming payment solution
ecoPayz can be used for deposits. It can also be used to make withdrawals in many countries. With ecoPayz, gambling operations can receive and send money in 45 different currencies. Among the different currencies accepted include GBP, EUR, CAD, AUD, NZD, INR, SEK, RUB. With different currency options, this banking solution can help you localize your offering.
Another perk of this payment method is that unlike other popular eWallet providers, players can deposit using ecoPayz to qualify for welcome bonuses and other promotions. Moreover, ecoPayz can be used on any gambling platform (computer or mobile), allowing you to provide a simple and secure payment option to players, no matter their preferred device.
Benefits and Drawbacks for Players using ecoPayz
Benefits
- Free to sign up – Players can open a free personal ecoPayz account within minutes via the official site.
- ecoPayz Mastercard and ecoVoucher – Players can pay and play online without needing a bank account or debit card.
- Swift deposits and withdrawals – Players select deposit/withdrawal from the cashier, select ecoPayz, enter the amount, enter their ecoPayz username/password. Deposits are instant and withdrawals can process in as little as 1 day.
- Eligible for welcome offers – Players can claim welcome bonuses and promotions when depositing with ecoPayz.
Drawbacks
- ecoPayz card limitations – Players outside of the EEA cannot use ecoPayz Mastercard and voucher products.
- Limited country availability – ecoPayz is not an available gambling payment option in several countries.
Countries
Examples of countries where players can use ecoPayz for online gambling include:
- United Kingdom
- Ireland
- Germany
- Belgium
- Sweden
- Russia
- Canada
- Australia
- New Zealand
- India
Safety and Security
PSI-Pay Ltd. is an FCA regulated company, permitted to issue electronic money as a specialized electronic money issuer throughout the EU. They are also PCI and DSS compliant as well as registered with the ICO under the Data Protection Act 2018.
ecoPayz uses the best online fraud protection tools, identity controls and payment security standards available, including 256-bit encryption and multiple firewalls. The company conducts rigorous identity checks on every one of its customers. Their top-of-the-line security controls and chargeback protection reduces your company’s exposure to fraud, identity theft, decreases bad debt and ensures all transactions are 100% indemnified.
Customer Support
ecoPayz customer support is available to businesses via email and you can open a contact form if you run into technical issues. That said, once your merchant account has been approved, you will be provided with your own dedicated Account Manager.
Players with personal ecoPayz accounts can get in touch with the company through email and live chat.
ecoPayz Fast Facts
- Type of payment method – e-Wallet
- Deposit available – Yes
- Withdrawal available – Yes
- Multiple currencies accepted – Yes
- Easy integration – Yes
- Popular iGaming regions – Europe
Conclusion
ecoPayz is one of the best eWallet options for online gambling businesses. It is a fully secure payment system that provides players around the world with a fast and easy payment option. It offers merchants quick integration and peace of mind with fraud and chargeback protection. Ready to get started with a complete payment gateway solution that includes ecoPayz as well as other types of payments? Explore our software reviews. You can also contact us directly and we can help you find the ideal partner.
