If you have a connection to the iGaming world, you most certainly have heard about the ecoPayz. It is a popular banking services provider for online casinos, which appears in many gambling news articles.
The company offers financial services to individuals and businesses in the digital sector, including virtual casinos and sportsbooks. The ecoPayz e-wallet allows conducting payments and instant money transfers across over 150 countries worldwide and in 46 currencies. The company also issues prepaid plastic and virtual card – ecoCard.
Read this review from our gambling online magazine to find out whether this payment service is legit for your online casino. Learn about licensing, fees, and ecoPayz virtual cards.
General information about ecoPayz company
ecoPayz is an England-based financial institution, which was initially named EcoCard and has been in the market for over 20 years. The company was established in 2000 by PSI-Play LTD, a principal member of MasterCard International Inc.
As many casino operators aim to protect customers and their funds, they only choose to work with licensed payment providers. According to ecoPayz reviews, the service can be regarded as a trusted and regulated payment platform. Since 2008, the company is authorized by the Financial Conduct Authority (FCA) as a specialized electronic money institution. Currently, ecoPayz operates under the EU regulatory framework and is allowed to issue electronic money and conduct other operations. In addition, ecoPayz is permitted to provide financial services within the European Economic Area.
To protect the personal information of its clients, the payment services provider uses the latest developments in terms of data security and encryption. ecoPayz also abides by Payment Card Industry (PCI) and Data Security Standards (DSS).
As of July 2018, ecoPayz is the first UK-based payment provider that collaborates with Western Union. This allows virtual cardholders and other ecoAccount users to easily send money to almost anyone, even those without a bank account.
The main office of the fintech firm is located in Horsham, England.
Useful facts about ecoPayz platform for casino ops and players
The users of the e-wallet and ecoPayz virtual card can get access to their ecoAccounts not only from the PSc but also via an application, which is available for Android, iPhone, and iPad.
To streamline the account’s security, the payment platform has a two-step authentication. Every time a user signs up to their account, the app or website will generate a unique QR-code.
The service’s coverage and currencies