Discover the advantages and disadvantages of EcoPayz, a popular online casino payment system. Make informed choices for seamless gaming.
Exploring the Pros and Cons of EcoPayz as an Online Casino Payment System
When it comes to playing at online casinos, EcoPayz is one of the most popular casino payment systems. It has lower fees, a special Lifetime Gold status, lets you use Bitcoin, works with 54 different types of money, and makes it easy to create accounts for new currencies. In this article, we’re going to have a closer look at this payment system, its possibilities, benefits, and drawbacks. Let’s see what EcoPayz online casinos have to offer to both beginners and professional casino fans all around the world!
What Is EcoPayz?
EcoPayz is an England-based company that was founded by PSI-Pay Ltd back in 2000. The people who created it had a big idea. They wanted to make online payments simple and accessible to people all over the world. They dreamed of a digital way for regular casino players and businesses to manage their money safely.
EcoPayz is everywhere, helping people in over 170 countries. It works with lots of different types of money and languages.
How Does EcoPayz Work?
So, EcoPayz works like a digital wallet. It lets you keep your money, send it to others, and get money from others, all online. It offers four types of accounts:
- Classic Account: This is the basic account for people who have just completed registration.
- Silver Account: An individual who completes the verification process is immediately upgraded to a Silver Account.
- Gold Account: To get it, you need to either deposit 2,500 EUR using a plastic card, deposit 5,000 EUR from a bank account, or make deposits totaling 25,000 EUR to merchants and wait for 30 days.
- Platinum Account: If you’ve been a Gold member for 30 days or more and activated your ecoCard, you can claim a Platinum account. To get it, you need to transfer 50,000 EUR to merchants.
- VIP: If you’re aiming even higher for VIP status, you’ll first need to be a Platinum member for at least 30 days. Then, you should send 250,000 EUR from your account to any merchant.
The Advantages of Using EcoPayz
Now, let’s dig deeper into the benefits of EcoPayz as an online casino payment system.
Nobody wants to lose their hard-earned cash to high fees, but with EcoPayz as your payment system, you don’t have to worry about that. They make sure their fees are lower than many others. And the more transactions you make, the lower the fees you’ll get.
Lifetime Gold Status
EcoPayz works really well with its loyal users. If you stick with them, they’ll give you something called Lifetime Gold status. It comes with lots of cool stuff, like free internal transactions, an increased maximum account balance, three cards available, and a lowered currency conversion fee.
Using Multiple Wallets in One Account
One cool thing about EcoPayz is that it lets you have different wallets, each with different types of money, all in one account. This is super handy for people who like to play games online in different currencies. So, if you like playing with dollars, euros, or some other money, EcoPayz is a great choice.
There are lots of people who prefer making deposits using Bitcoin or other cryptocurrencies. According to TechObserver, the rise of Bitcoin in online gambling is not only about extra privacy; it’s also about secure transactions. If you also like using Bitcoin to fill up your casino account, EcoPayz can help you do that in no time.
Topping Up Your EcoPayz Wallet
When it comes to managing your funds for online gaming, you should always have the option to top up your wallet quickly and effortlessly. Thus, you’ll never miss a beat during your gaming sessions. EcoPayz simplifies the process of adding funds to your wallet, eliminating any unnecessary obstacles. You can easily top up your EcoPayz account using EcoVoucher. This method is very popular among people who don’t want to connect their bank details and other financial information to a service. All you need to do is buy an ecoVoucher from a seller and then use it on any website that takes ecoVouchers.
Lots of Currencies
EcoPayz works with clients all over the world. They work with 54 different types of money, so no matter where you are, you can get access to your favorite online casinos.
EcoPayz Plastic Card
EcoPayz gives you a special plastic card called EcoPayz MasterCard that goes perfectly with your online casino adventures. You can use it at ATMs to get cash and pay for purchases online and in person.
You can get up to three EcoPayz MasterCards in various currencies, like EUR, USD, GBP, PLN, CZK, NOK, etc. With these cards, you won’t have to worry about paying extra fees when you take out money from an ATM. It’s a handy way to make sure your EcoPayz money is always there when you need it.
Disadvantages of Using EcoPayz
EcoPayz has its upsides, but it’s important to know its downsides too.
Right now, EcoPayz is offering services in 202 countries and territories, but it still isn’t available everywhere. If you live in a place where EcoPayz isn’t an option, you’ll have to look into other ways to pay.
Long Verification Process
To get access to your account, you’ll have to go through a long verification process. Due to their strict security measures, some accounts may be blocked right after registration. This often happens to people in various countries, except the European ones.
When it comes to internal transactions, there are some fees involved. Of course, they offer a plan where you can become a gold member and make these transactions free of charge, but if you’re not a gold member, you’ll need to pay an additional 1.5%.
Even after your account is set up and verified, you’ll run into quite a few restrictions with EcoPayz. They don’t let you do many things, and there are limits on deposits. Most beginners won’t have any problems, but if you make a lot of transactions regularly, it could be an issue.