EcoPayz serves as a popular payment method, particularly in the realm of online gambling and casino transactions. Users have the ability to effortlessly handle their finances in CAD and USD, along with various other currencies, via the website or mobile application.
Overview of ecoPayz in Canada
EcoPayz serves as a reliable online payment solution. A significant number of users select this e-wallet as their preferred method for casino transactions due to its capability for immediate deposits, swift withdrawals, and a variety of additional features such as international money transfers.
Steps to set up an ecoPayz account
New users need to register for an account to begin utilising the e-wallet and other services offered by the company. Upon completing the registration, each individual receives a distinct ecoPayz username and password for accessing their account at any time.
The process is easy and uncomplicated. Initially, a user selects a username and creates a password. Following that, they need to provide additional information such as their country, currency, language, and email address.
Fundamental Criteria
To qualify for an account with ecoPayz Canada, users must satisfy a number of criteria. Firstly, individuals need to be a minimum of 18 years of age. Secondly, it is essential for users to supply accurate details and accept the terms of service. Lastly, users must not reside in a country where the company does not offer its services.
Account and personal details
In order to set up an account, a user is required to provide certain personal details. This includes:
- Full name;
- The date of birth;
- Full home address;
- A phone number;
- The validation code.
Once this information is submitted, the user must review and accept the terms of use. Additionally, there is an option to opt-in for updates via email/SMS.
Verification of EcoPayz accounts
Following registration, users are required to undergo the verification process. This is straightforward and involves a simple 2-Step verification method: submitting a request along with a collection of documents. Typically, account verification is completed by managers within one business day.
Complete the Application Form
To initiate the verification procedure, each user is required to complete the specific form. This application form is quite brief and asks for the user’s name, email, ecoPayz ID code, and currency.
Submit Necessary Documents
Verification necessitates the submission of three documents. To begin with, an ID is required. Users can opt to provide a copy of their passport, national ID, or driving licence. The second document needed is proof of address. This can be a copy of a bank statement, utility bill, or residence certificate. Lastly, users must include a selfie holding their ID. Ensure that the ID is positioned next to your face, with all details being clear and readable.
How to obtain an ecoPayz card
The organisation provides two varieties of cards. Customers can select between ecoCard (link) and ecoVirtualcard (link). Let us briefly examine both options and understand how they vary in this ecoPayz assessment.
Prepaid ecoCard
Customers can request these cards through their account. To log in, use your ecoPayz credentials. Navigate to the left menu and select ecoCard. Submit a request to obtain the card and PIN. A significant benefit of this card is that it allows users to make payments globally wherever MasterCard is accepted (link to: https://www.mastercard.ca/en-ca/consumers/find-card-products/debit-cards/CanadianDebitAcceptingMerchants.html). Additionally, users enjoy minimal ATM charges.
EcoVirtualcard
The virtual card becomes accessible instantly following the request. Nevertheless, it is important to note that it is designed for a single use only. The organisation launched this concept to enable users to make payments without revealing any personal details.
How EcoPayz Functions in Canada
EcoPayz is a widely used payment solution in Canada. It provides users with a variety of features. For example, individuals can receive funds, make online payments for products and services, and send or receive international money transfers, among other functionalities.
If you have an interest in Bitcoin, you will be glad to find out that the platform includes Bitcoin as a payment method as well. To understand the process for making a Bitcoin deposit, refer to the official website for guidance.
Accepting payments
Users have the ability to receive payments from anyone. This is an automated procedure. A notification is dispatched as soon as funds arrive in the user’s account.
Global Money Transfers
Individuals can conduct international transactions beginning from the Silver tier using the ecoPayz MasterCard (link to: https://www.ecopayz.com/en/ecopayz-mastercard).
Digital Payments
Any individual can swiftly create an account in just a few minutes, deposit funds using any preferred method, and utilise it as desired. This payment option offers the flexibility to conduct secure online transactions.
Funding methods
A user can fund their account through one of the following methods:
- Credit/debit cards;
- Local deposit options;
- International bank transfer.
EcoPayz Charges and Restrictions in 2020
Once users understand what ecoPayz is, they become curious about the associated fees. The charges and limits vary according to the type of account. Let’s examine them in three distinct categories: charges for deposits/withdrawals, charges for money transfers, and charges for online payments.
Deposits and Withdrawals
EcoPayz fees for deposits and withdrawals are:
| Classic | Silver | Gold | Platinum | VIP | |
|---|---|---|---|---|---|
| Bank wire deposit | 0-10% | 0-7% | 0-7% | 0-7% | 0-7% |
| Credit card deposit | 1.69-6% +0.39 CAD | 1.69-6% +0.39 CAD | 1.69-6% +0.39 CAD | 1.69-6% +0.39 CAD | 1.69-6% +0.39 CAD |
| Bank withdrawal fee | – | 9.14 -15.50 CAD | 9.14 -15.50 CAD | 9.14 -15.50 CAD | 4.49-10.85 CAD |
| Currency conversion | 2.99% | 2.99% | 1.49% | 1.49% | 1.25% |
Funds Transfer
| Classic | Silver | Gold | Platinum | VIP | Transfer to another ecoAccount | Transfer from ecoPayz merchant | Transfer to bank account |
|---|---|---|---|---|---|---|---|
| Bank transfer | 9.14-15.50 CAD* | 9.14-15.50 CAD* | 9.14-15.50 CAD* | 4.49-10.85 CAD* | |||
| zestPay transfer | 1.00% (min 9.14 CAD) | 1.00% (min 9.14 CAD) | 1.00% (min 9.14 CAD) | 1.00% (min 4.49 CAD) | |||
| Inter-accounts transfer (between own sub accounts) | FREE | FREE | FREE | FREE | |||
| Transfer to another ecoAccount (sender pays) | 1.50% (min 0.77 CAD) | FREE | FREE | FREE | |||
| Transfer to/from ecoPayz Merchant | FREE | FREE | FREE | FREE | FREE | ||
| Min single transaction | No limit | No limit | No limit | No limit | |||
| Max single transaction | 2,324.44 CAD | 4,648.87 CAD | 5,423.68 CAD | 6,198.50 CAD | |||
| Max weekly | 7,748.12 CAD | 15,496.24 CAD | 23,244.36 CAD | 38,740.60 CAD | |||
| Max monthly | 15,496.24 CAD | 30,992.48 CAD | 46,488.72 CAD | 77,481.20 CAD | |||
| Min single transaction | No limit | No limit | No limit | No limit | No limit | ||
| Max single transaction | 3,874.06 CAD | 1,549,624.08 CAD | 1,549,624.08 CAD | 1,549,624.08 CAD | 1,549,624.08 CAD | ||
| Min single transaction | 7.75 CAD | 7.75 CAD | 7.75 CAD | 7.75 CAD | |||
| Max single transaction | 774,812.04 CAD | 774,812.04 CAD | 774,812.04 CAD | 774,812.04 CAD | |||
| Max daily | 774,812.04 CAD | 774,812.04 CAD | 774,812.04 CAD | 774,812.04 CAD | |||
| Max weekly | 1,549,624.08 CAD | 1,549,624.08 CAD | 1,549,624.08 CAD | 1,549,624.08 CAD |
Digital Payment
If you cannot find the required fees in this ecoPayz review, you can discover more about ecoPayz fees on the official website (link to: https://www.ecopayz.com/en/fees-limits/ecoaccount).
Benefits of Using an EcoPayz Business Account
Having a business account enables enterprises to make salary payments, commission disbursements, and other transactions to both individuals and companies without delay. The primary benefit is that the organisation obtains the fastest services available. Additionally, it represents the simplest method for transferring money worldwide.
Types of Accounts
| Type of account | Features |
|---|---|
| Master | Main account; Receive deposits; Transfer funds; Quick ecoPayz withdrawal; Distribute funds between expense accounts. |
| Expense | Separate funds used for commissions and payments to employee accounts; A Business Account can have up to 10 expense accounts. |
| Member | Simplify payments to the affiliates or employees; Saves time spent on performing daily activities. |
Merchant Account
Entrepreneurs can establish a merchant account to receive payments from customers globally. By utilising this payment method, merchants offer a secure and confidential payment option.
Tiers of ecoAccount at EcoPayz
| Account level | The cumulative amount to quality | EcoPayz MasterCard | Characteristics |
|---|---|---|---|
| Classic | 0 | x | All users get it upon the initial registration. It has a lifetime limit of deposits. |
| Silver | 0 | v | Users get to this level after verification. It allows to apply for ecoPayz MasterCard, withdraw funds to a personal bank account, and use increased limits. |
| Gold | 25 000 EUR (or currency equivalent) | v | It comes with higher limits both within the account and ecoPayz MasterCard. The level allows free international money transfers. |
| Platinum | 50 000 EUR (or currency equivalent) | v | The level delivers even higher limits, free international transfers. Besides, users get the exchange fees of 2.99% to all ecoPayz MasterCard transactions. |
| VIP | 250 000 EUR (or currency equivalent) | v | It’s the highest level that secures the biggest possible limits. |
Advantages of Using eco Payz in Canada
Individuals in Canada opt for the services provided by the company due to the various benefits it offers, which include:
- Safe and secure;
- Convenient mobile app;
- Instant deposits;
- Bankroll management;
- Easily accessible services.
Utilising EcoVoucher in Canada
Individuals holding EcoVouchers can utilise the 18-digit code to purchase any products or services. It can be used for transactions both online and in physical stores, similar to cash. Nonetheless, it is crucial to confirm that the vendor accepts this form of payment.
EcoPayz Affiliate Scheme – How it operates
Partnering with a company can greatly enhance your earnings. Through the ecoPayz affiliate scheme, participants will receive a portion of every transaction made by their affiliates using ecoAccount.
Joining as an affiliate is straightforward, but it is limited to the UK, EU, and EEA member countries. Complete the application form, await approval, and utilise your earnings with an ecoPayz Business MasterCard.
EcoPayz Application
The firm provides a specialised application for users of Android (link) and iOS (link). In order to ensure an optimal user experience, the developers have revamped the account interface. This redesign facilitates easy navigation and efficiently presents account details. The application consolidates all necessary functionalities.
Key characteristics
All users of the application have access to the following functionalities:
- Simple deposits;
- Fast fund transfers;
- Access to ecoCard;
- Global transfers;
- Safe online payment.
Options Similar to EcoPayz in Canada
Individuals who gamble online frequently seek a payment method that meets all their requirements efficiently. The market offers a variety of choices, such as PayPal, NETeller, WebMoney, and several others. Let’s examine how ecoPayz Canada stacks up against the leading alternatives.
EcoPayz and PayPal Comparison
| Payment method name | ecoPayz | PayPal |
| Available accounts | 1 account | 2 accounts (1 personal + 1 businessaccount) |
| Available current | 45 | 25 |
| One time signup bonus | n/a | n/a |
| Account management fees | free | free |
| Account unused | Account maintenance after inactivity of 12 months; 1.50 EUR per month | free |
| Exchange fees (FX) | n/a | 2.5% |
EcoPayz and NETeller Comparison
| Payment method name | ecoPayz | NETELLER | |
| Available accounts | 1 account | 1 account (1:2:3:4:N/A different currency | accounts) |
| Available currencies | 45 | 28 | |
| One time signup bonus | n/a | n/a | |
| Account management fees | free | free | |
| Account unused | Account maintenance after inactivity of 12 months; 1.50 EUR per month | unused for 12 months: 5.00 USD (or equivalent) /month | |
| Exchange fees (FX) | n/a | 23,99% (3.79%; 3,19%; 2,79; 2,39%; 1.29%) |
EcoPayz Compared to Skrill
| Payment method name | ecoPayz | Skrill- Moneybookers |
| Available accounts | 1 account | 1 account (1:2:3:4 different currency accounts) |
| Available currencies | 45 | 41 |
| One time signup bonus | n/a | 15 USD Signup Bonus |
| Account management fees | free | free |
| Account unused | Account maintenance after inactivity of 12 months; 1.50 EUR per month | unused for 12 months: 1 EUR/month |
| Exchange fees (FX) | n/a | 3.99% (3.79%; 2.89%; 2.59%; 1.99%) |
- EcoPayz vs Entropay
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- EcoPayz vs WebMoney
FAQ
Is ecoPayz accessible in Canada?
Indeed, ecoPayz is accessible for users in Canada. They can handle their accounts in both Canadian and US dollars.
What is the process to set up an ecoPayz account in Canada?
To set up an account, a user needs to go to the official website and click on Sign Up. There is also an option labelled Open a free account that serves the same purpose.
Is it possible to transfer funds from ecoPayz to PayPal?
Direct transfers are not available. However, if a user has linked their bank account to both ecoPayz and PayPal, they can withdraw from their ecoPayz digital wallet to their bank account and subsequently to PayPal.
What steps are required to close an ecoPayz account?
To close an account, one must send an email to the support team with the Subject line stating “Request to delete my account.”
Does ecoPayz support MasterCard?
Yes, it does. Holders at the Silver level and above can also request the ecoPayz MasterCard (available only for residents of the EU and UK).
Is ecoPayz secure?
The website operates as a regulated financial service provider that adheres to the latest security protocols, including fraud prevention and data protection.
Who is the owner of ecoPayz?
ecoPayz is owned by PSI-Pay Ltd.