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EcoPayz Betting Sites

ecoPayz Betting SitesWhilst not as well-known as the likes of Paypal, Skrill or even Neteller, EcoPayz is actually one of the oldest and longest established e-wallet and digital payment systems in the world.

Having been around for close to two decades in one form or another EcoPayz wasn’t initially aimed at the online gambling market and that’s why our list of online bookmakers accepting Ecopayz is quite small:

Online Bookmakers Accepting EcoPayz

18+ Eligible UK+IRE players. Paypal & some deposit & bet types excl. Min first £5 bet within 14 days of account reg at min odds 1/2 = 4x £5 free bets. Free bets valid for 7 days, stake not returned. No cashout, restrictions + T&Cs apply.

*Info accurate as of 13-03-2019 for the UK market.

Deposit Limits, Fee’s & Time Scales

Bookmaker Min Deposits Withdrawals Fees
Coral £10 Instant 24 hours 0%

What is EcoPayz & How Does it Work?

ecoCardWhen it was originally founded back in the year 2000, the company now known as EcoPayz was called EcoCard and the subsequent change of name was far from insignificant. Today’s EcoPayz, after all, offers a range of different payment services to users where originally the company was only focussed upon virtual payment cards.

In its current incarnation, the main service provided by EcoPayz comes in the form of their EcoAccount. An EcoAccount can be opened by anyone who registers with the company and provides a selection of ID documentation, and does not require a bank account or a credit check.

The account then works in the same way as other e-wallet services like Paypal, in that customers can fund their EcoAccount and then use it to pay for goods or services, transfer money elsewhere or deposit to online betting sites amongst other things.

As well as offering the ability to open an EcoAccount, EcoPayz also provide so called EcoVirtualcards which can be purchased and used in place of a Mastercard. Thanks to the company being a principal member of Mastercard, those EcoVirtualcards can be used for any online purchases or transactions where a Mastercard is an accepted form of payment.

Funding your account:

An EcoAccount can be funded in a variety of different ways, including by debit or credit card, by online bank transfer, over the counter in a bank or via other local financial services (details of which can be found on the EcoPayz website).

When making a purchase using an EcoAccount or making a deposit to a betting site, the service never shares financial details with the merchant or site money is being transferred to, and as such boasts an excellent level of cyber-security.

How to Use EcoPayz for Online Betting

As touched upon above, there are two different ways you can use EcoPayz for online betting. The first is through the use of an EcoAccount:

  1. Register with EcoPayz and create an EcoAccount. You will need to provide a selection of ID documentation to prove your identity, in order to do so.
  2. Fund your EcoAccount in any way you deem appropriate. Available funding methods include by debit or credit card, by bank transfer or via other local financial services.
  3. Head to your chosen EcoPayz accepting betting site and login to your account.
  4. Go to the deposit section of that website and choose EcoPayz as your desired deposit method.
  5. Input your chosen deposit amount and select ‘deposit’, ‘confirm’ or whatever option the individual site provides.
  6. You will then be redirected to the EcoPayz website, where you will need to sign in in order to authorise the payment from your EcoAccount.

EcoPayz also provide another service which can be utilised to deposit to an even wider range of online bookmakers and gambling sites. That is their provision of so-called EcoVirtualcards, and they can used for gambling in the following way:

  1. Register with EcoPayz and create an EcoAccount. You will need to provide a selection of ID documentation to prove your identity, in order to do so.
  2. Fund your EcoAccount in any way you deem appropriate. Available funding methods include by debit or credit card, by bank transfer or via other local financial services.
  3. Through the EcoPayz website and using your EcoAccount, you can then purchase a one use EcoVirtualcard in either Euros, Great British Pounds or US Dollars.
  4. Head to any online betting or gambling site which accepts Mastercard as a deposit method and login to your account.
  5. Go to the deposit section of that website and chose Mastercard as your desired deposit method.
  6. Input your chosen deposit amount and enter the details from your EcoVirtualcard in place of the requested Mastercard details.
  7. Confirm the deposit and your chosen amount will be credited to your betting account instantly.

Fees Associated with EcoPayz

ecoPayz FeesIt is free to register with EcoPayz and to set up an EcoAccount, but there are some fees levied by the company for deposits from certain sources, withdrawals to different locations and other transfers of funds. The sizes of these fees and for which transfers they apply, depend upon which level of EcoPayz service a customer signs up to.

In general, however, there are no fees applied to transfers of funds to and from an official EcoPayz merchant. What that means is that depositing to a bookmaker which accepts EcoPayz deposits should be free of any fees, unless the bookmaker themselves apply them.

Mostly, though, online betting sites will not charge for deposits but some can levy charges for withdrawals.

EcoPayz Security & Anonymity

SecurityWhether you fund an online betting account directly from an EcoAccount or use an EcoVirtualcard, the funds are coming from the third party EcoPayz payment service. That means that the name or identity of the betting site will never appear on a bank statement or be otherwise linked back to where your funds originally come from. When it comes to anonymity, therefore, EcoPayz ranks just as highly as a deposit method as other e-wallet services.

Also in common with other e-wallet services, when a deposit is made via EcoPayz, your financial details are not shared with the site you are depositing to. Instead, EcoPayz uses a combination or device and transaction specific codes to make the payment, thus keeping your own details far safer. What’s more, all details and data which are shared by EcoPayz benefit from impressive 256-bit SSL/TLS encryption.

In the worst case scenario that your EcoPayz account details are hacked or stolen, too, it will still only be the contents of your EcoAccount that is at risk and there will be no facility for a thief to access any other funds.

It is fair to say, therefore, that if your major considerations when choosing a deposit method are security and anonymity, you can’t go far wrong by choosing to use EcoPayz.

History of EcoPayz

As we’ve already mentioned, EcoPayz is actually one of the oldest and longest established digital payment services in the world. The company was first founded all the way back in the year 2000 in Horsham, England and was initially named EcoCard.

In the year 2008, PSI-Pay ltd, the owners and operators of EcoCard became fully regulated by the Financial Conduct Authority (FCA) under the auspices of the Financial Services and Markets Act 2000. In the same year, too, the company became authorised by the Financial Services Authority (FSA) to issue electronic money as a specialised electronic money issuer, as subject to regulatory requirements and supervision.

With its credentials and trustworthiness assured, therefore, in 2009 PSI-Pay ltd became an principal member of Mastercard which is what allowed the company to begin issuing EcoVirtualcards that can be used anywhere online in place of a Mastercard. To reflect the fact that there payment services had become more diversified, EcoCard was eventually rebranded as EcoPayz in 2013.

Advantages & Disadvantages of EcoPayz

In summary, therefore, the main pros and cons of selecting EcoPayz as an online betting deposit method can be characterised as follows:

Advantages:

  • Whether using an EcoAccount or an EcoVirtualcard, the anonymity provided by using EcoPayz is second to none.
  • Security of payments via EcoPayz is assured by way of high level encryption and the fact that the company is authorised and regulated by both the FCA and the FSA.
  • Both deposits and withdrawals can be made quickly and easily from or to Ecopayz EcoAccounts.

Disadvantages

  • There are still comparatively few betting sites that directly accept EcoPayz as a deposit method.
  • There are a number of different fees and charges that can be associated with the use of the EcoPayz service.

Author: David Lenton

David Lenton
David 'the Cheeky Punter' Lenton is an ex professional online sports bettor and trader with over 15 years of experience in the industry. He has also worked for a number of top bookmakers including Bet365, Ladbrokes, William Hill and Coral. With such a long time spent dedicated to the gambling industry no one is better placed when it comes to advising punters. Follow on Twitter @thecheekypunter