ecoPayz, or just ‘Payz as they have been known since 2023, may just look like yet another eWallet but in fact this is one of the oldest digital wallet services around and offers a great alternative to Skrill, Neteller (both owned by the PaySafe Group) and PayPal.
While they still represent the most popular e-wallet method to fund betting accounts in the UK, previous abuses have resulted in many bookmakers withholding introductory and regular offers for customers who fund their accounts this way.
This is not the case with ecoPayz, indeed, there are even occasional bonuses for using this method.
ecoPayz is now accepted with several UK bookies and if you use the ecoVirutalCard, a MasterCard attached to your ecoPayz account you can actually fund any betting account that accepts MasterCard.
Coral - Best ecoPayz Betting Site
Coral were one of the first betting companies to provide ecoPayz as a payment method and they have always been the best due to low deposit limits (£5) and no minimum withdrawal amount (£0.01).
Withdrawals are processed quickly, Coral state up to 24 hours, but in reality in most instances the funds will be back into an ecoPayz account within a few hours. All transactions are fee free.
Coral also let you bet in deposit and withdraw to and from your online account using cash in store, this means you could deposit with ecoPayz and withdraw in cash, or vice-versa. Of course you can also get also an ecoPayz debit card and virtual card for easy withdrawals.
Online Bookmakers That Accept ecoPayz Payments
| Site | Min Deposit | Min Withdraw | Withdrawal Time | Visit | |
|---|---|---|---|---|---|
 |
Fanteam | £10 | £20 | 1-2 Days |
T&Cs Apply, 18+
|
 |
Vbet | £5 | £1 | 2-3 Days |
T&Cs Apply, 18+
|
 |
Jeffbet | £20 | £5 | 3 Days |
T&Cs Apply, 18+
|
 |
NetBet | £10 | £10 | Up to 5 Days |
T&Cs Apply, 18+
|
 |
32Red Sports | £10 | £10 | 2-3 Days |
T&Cs Apply, 18+
|
About ecoPayz (Payz)
Eco are one of the oldest operators in this industry having been around since the turn of the millennium in 2000, and the company was founded and still operates from Britain. They have offices in Horsham in Sussex (UK) and are owned by PSI-Play LTD who are based at the same location in the UK and in Riga (Latvia). ecoPayz is the best known brand name of PSI-Play, although the name ecoPayz is a rebranding from the original name ecoCard, and it changed again in 2023 to simply, Payz.
The company are licenced and regulated by the Financial Conduct Authority under the Financial Services and Markets Act 2000 and are authorised to issue and receive electronic money.
The company have been responsible for a number of firsts in the industry. They were the first digital wallet to launch an iPhone app back in 2009, and in the same year became the first eWallet able to issue their own MasterCard.
Payz is now available in 150 different countries, support around 50 different currencies, and has 24/7 support in a range of languages, establishing themselves as a truly global payment method.
The company now provides a range of features including the original pre-paid Payz Card, the Payz eWallet and app, a Payz Plus card with additional features, plus business accounts, merchant accounts and more.
ecoPayz Gambling
If you have been betting for a while you might be thinking why haven’t I heard much about ecoPayz as a payment method before now? This is mainly because companies such as Skrill set up to directly target the gambling market whereas ecoPayz are a more universal eWallet. It may have taken them longer to become a recognised payment method for funding betting accounts, but this has given them time to learn from Skrill’s mistakes, allowing them to provide a better all-around package for the punter.
The use of an ecoPayz eWallet or Payz Card is a perfectly legitimate means to fund any online bookmaker account. The principle works in exactly the same way as PayPal and others. Simply load funds to your eco account or card and use this to deposit and withdraw funds to and from your betting wallet.
There a couple of major benefits to betting with a digital account. If you use this account for betting only it offers a great means to keep track of your winnings and losses. Often when withdrawing to a conventional bank account any winnings get swallowed up in your day to day banking which makes keeping track difficult.
Digital eWallets are also a great option if you want to use multiple funding sources but don’t want to have to enter multiple banking details over and over with merchants. If you have a bank account from a country where gambling is illegal but you are in a country where gambling is legal and you want to use that bank account then using ecoPayz is an option. First, place funds in your Payz account and then use this to fund your bookie account.
Of course you can also use your Payz account as a payment method with a huge range of non-gambling related merchants around the world too.
ecoPayz Sign Up Bonus and Free Bets
This is the single biggest advantage of ecoPayz over their rivals. Skrill, paySafeCard and Neteller (now owned by the same company, the PaySafe Group) dominate the digital eWallet market when it comes to gambling, however, many online bookmakers refuse to provide introductory deals when you deposit this way. This is mainly due to Skrill and Neteller accounts being used fraudulently for bonus and free bet abuse over the years.
You can possess an unverified account with Skrill and Neteller that in the past has allowed some unscrupulous characters to set up several parallel accounts in order to fund betting sites and take advantage of new customer offers several times over. This has lead to many bookmakers cancelling sign up bonus offers if you use Skrill and Neteller as your funding mechanism. Some betting sites will not even let you take regular offers up if you fund this way.
This is not a problem with ecoPayz; all betting sites that we list that accept this as a banking method will award you the full introductory bonus as well as any subsequent existing customer promotions. By using the Payz card (a MasterCard associated with your Payz account) you can in fact open an account with any of our recommended betting sites.
How to Bet Using ecoPayz
Registering for an account is actually much easier than registering for a physical bank account. You can register for an ecoPayz eWallet by clicking the link on this page and this will take you to the registration page. You will need to verify who you are and where you live. This means giving your name, address and a payment method associated with both of these (usually a standard bank account, credit, debit card, bank transfer, etc.). You will need further ID for proof of identity and address (bank statement and photo ID will suffice).
Once your account is set up you will be given an account ID. All you need is this and the email address associated with your ecoPayz account to add funds to a betting site. If the betting site does not accept funds directly from an ecoPazy digital account, you can use the linked Payz card to fund any online account that accepts MasterCard.
This is both easy and simple. If you have accounts with several bookies like me and you like to shop around for the best odds and promotions, then using an eWallet like ecoPayz is one of the easiest ways to do it. This is not just for keeping track of winnings and losses from multiple sources but it also means each time your bank card expires you only need to change it with ecoPayz. Finally if you don’t want any betting transactions showing up on your account this is a great way to avoid that.
Deposit and withdraw from the account using a huge range of methods detailed on their website. Many methods are fee free, but see the fees section below for more.
The account is tiered from classic to VIP. All are free to register for and each tier provides different benefits from the number of payment cards that can be associated with the account to maximum balances.
Alternative to Skrill, Neteller and PayPal
With the industry now dominated by two giants in the PaySafe Group, owners of Skrill, Neteller and PaySafeCard and Payal it can be hard to find a good alternative. EcoPayz offers the best and easiest alternative option. Signing up is free, the system is regulated and secure and ultimately private. On the bookie side of things, they are more trusting of ecoPayz too which is better for both the user and the operator.
Payz Card, Virtual Card, Payz Plus
The Payz card actually predates the digital wallet account and works in a similar way to PaySafeCard. You can use your ecoCard as a prepaid payment system in up to 45 currencies allowing you to receive the benefits of paying on card without the risk of giving your details out.
The Virtual Card is single use digital card linked to your ecoPayz account, and works through the MasterCard system. In effect, it creates a new card every time you want to buy something, and when it is spent the ‘card’ expires. This allows you to pay for anything you want directly from your eWallet as long as they accept MasterCard (which every bookie on this site does). This means you can use ecoPayz to sign up with all of our recommended betting sites in addition to those that accept ecoPayz payment directly (see table at the top of this page).
There is also a Payz Plus card, which comes as a debit card and/or a virtual card as above, but with additional benefits aimed at travellers, such as 1% cash back on spending and discounts at airport lounges.
Countries Where ecoPayz Can Be Used For Gambling
ecoPayz and associated products can be used to pay for goods in 45 currencies in over 160 countries. If however gambling is illegal in that country you cannot use your ecoPayz account (or any funding method for that matter) to pay into a bookmaker account. This will apply even if you are using an ecoPayz account to fund a UK bookie but from a country (such as USA) where gambling is illegal.
As long as gambling is legal in the country from which you are attempting to fund your betting site then you can use ecoPayz.
ecoPayz Security
Payz have been regulated by the FCA since 2008 and therefore represent one of the safest payment methods you can use. In fact, eWallets in general are more secure than using typical bank cards as you do not need to enter your card or bank details with multiple operators. Even if your eWallet ID was stolen then only the funds held in your account would be at risk too. ecoPayz also keeps 100% of its deposits meaning, unlike a bank, your money is safe should anything happen to the company.
In addition to the general security eWallets provide ecoPayz also offer a sophisticated, award winning, fraud detection engine developed by PSI-Play in house. They also use third party brokers to verify account user ID’s and have a full team dedicated to looking after your funds. This is a major reason why bookies trust ecoPayz more than Skrill/Neteller and why you an still claim welcome bonuses.
As a member of the Electronic Money Association you can be assured the operator adhered to data security standards and the data protection act.
Fees
Like all eWallets, it’s free to register with Payz but there are fees applicable for certain payment methods, certain transactions, and other activities. The fees charged by ecoPayz are at least comparable to other eWallet operators including withdrawal fees and currency conversions fees.
This is a trade off in general for using eWallets over normal bank accounts. If you use these accounts regularly however the added ease of use and other benefits can easily outweigh any fees.
See below for fee structure and limits:
Using a Virtual card has no additional fees beyond the normal Payz fees described above.
Payz Plus has a separate fee structure:
