ecoPayz is one of the oldest wallets in online gambling, and it has quietly changed its name. Since 2023 the app and website say Payz, while most casino cashiers still show the old ecoPayz button. It is the same wallet, the same company and the same login, so if you already have an account nothing has changed for you.
What keeps it relevant after more than twenty years is how widely it is accepted outside the two big Paysafe wallets. You fund the balance by bank or card, pay the casino from it, and take winnings back to it, usually within a day of approval. How useful it is depends on your account level, because the limits and some of the fees are tied to how far you have verified.
Below are the casinos we rate for ecoPayz play, followed by the story behind the name change, how the account levels work, how deposits and payouts run and what it all costs.
Reviewed byFred Anderson
Rated 94 of 100%
welcome bonus
350% up to €15,000 + 350 FS
New Casino
Rated 82 of 100%
welcome bonus
550% up to €3540 + 400 FS
Is ecoPayz still a good wallet for online casinos?
Yes. ecoPayz, now branded Payz, is run by PSI-Pay Ltd, an e-money firm authorised by the UK Financial Conduct Authority, and it remains one of the most widely accepted independent wallets at online casinos. Casino deposits are instant and normally free, and payouts reach the wallet within hours to a day after the casino approves them. The limits depend on your verification level, so verify the account fully before you play, keep the balance in the currency of your casino account, and look for the ecoPayz name in the cashier even though the app now says Payz.
Three names, one wallet. It launched around 2000 as ecoCard, became ecoPayz roughly ten years later, and has been called Payz since May 2023. Every change was branding only. The company, the licence and the accounts stayed put, and balances carried over without users lifting a finger.
Updating a payment label in a casino cashier takes developer time and a compliance review, so many operators never bothered. If your casino says ecoPayz and your phone says Payz, relax. Same login, same balance.
The wallet is run by PSI-Pay Ltd, a company registered in England and authorised by the Financial Conduct Authority as an e-money institution. Customer funds are held separately from the company’s own money, which is the protection that counts most with any wallet.
Few wallets work like this, and it is the feature that defines ecoPayz. Every account sits on a level, starting at Classic and climbing through Silver and Gold to Platinum. Each step up raises how much you can move and can bring some fees down.
A few things decide how far up you get:
For small deposits, Classic is perfectly fine. The trouble starts when a big win lands on a brand new account whose modest limits will not let you take it out in one go. If you play higher stakes, verify on the first day so a large payout is not left waiting for an upgrade.
Nothing reaches the casino until the wallet has a balance. A bank transfer is usually free but takes a little while. Cards and a range of local methods are quicker, though they often come with a fee.
With money in place, deposits are instant. Choose ecoPayz in the cashier, type the amount and confirm with your Payz login when the window appears. Approve, and the casino balance is topped up immediately. The operator sees only your wallet account, never the card or bank behind it.
Expect a minimum deposit of EUR 10 at most casinos and EUR 20 at some. The maximum varies with the casino and with your account level, which is one more reason to get verified early.
A wallet has to earn its place on withdrawals, and ecoPayz does. After the casino approves your request, the money usually reaches the wallet within a few hours and rarely more than a day later. Compare that with waiting on a card refund or a bank transfer.
Most of the wait happens before the money leaves the casino: pending periods, weekend processing and the checks on your first withdrawal. The Payz side is quick.
Once it lands you can send it to your bank, spend it or hold on to it for the next deposit. Moving it to the bank is where a fee can appear, so gather several smaller wins into one transfer. Leaving funds in the wallet avoids extra transfers entirely.
Paying a casino and collecting a casino payout normally cost nothing. The fees sit at the edges: loading with certain methods, sending money back to your bank, converting currency and leaving an account unused.
Currency first. The wallet can hold more than one, and whenever a payment has to be converted, a margin comes on top. Keep a EUR balance for casinos that run in EUR and it never happens.
Dormancy is the other one. Like most wallets, Payz charges a monthly fee on accounts left untouched for a long time. If you quit playing, cash out the balance rather than letting a year go by.
Money in a wallet deserves the same care as money in a bank. The casino receives your wallet ID and the payment, nothing more, and your card number and bank details stay inside Payz. That separation is much of the appeal.
The weak points are rarely the wallet itself. Trouble tends to come from phishing emails dressed up as Payz, or from an account whose name does not match the casino profile. Three habits cover almost all of it:
Bonus terms are where wallets usually get punished. Skrill and Neteller turn up on lots of excluded method lists for welcome offers. ecoPayz appears there too, but less consistently, and some casinos only exclude the two Paysafe wallets.
Checking takes thirty seconds. Open the bonus terms and search for payment or method, and you will find the excluded options listed by name. If ecoPayz is one of them, your deposit still goes through, but no bonus is credited.
When it is excluded, use a card or a bank method for the qualifying deposit and switch to ecoPayz afterwards for deposits and withdrawals. Most casinos are fine with that as long as payouts go to a method in your own name.
Skrill and Neteller belong to one group and dominate most cashiers. ecoPayz is independent, and that is much of its appeal: it often turns up in countries where the Paysafe pair have narrowed their lists, and bonus terms tend to treat it a little more kindly.
They are accepted at more casinos overall, and their loyalty schemes can reward regular users. When both options exist, the decision often comes down to which wallet already holds your verified balance.
Coverage in certain markets, a clear level structure and a long track record in gambling payments. For a player whose casinos list it, that is plenty.
Yes. ecoPayz was renamed Payz in May 2023. The company, licence, login and balance stayed the same, and many casinos still label the payment option ecoPayz.
Usually a few hours after the casino approves the request, and rarely more than a day. Most of the waiting is the casino’s own pending time and verification, not the wallet.
Paying a casino and receiving a payout are normally free. Fees can apply when you load the wallet by card, send money to your bank, convert currencies or leave the account inactive.
Accounts move from Classic through Silver and Gold to Platinum. Verifying your ID and address is the first step, and higher levels bring larger limits and some lower fees.
Often, but not always. Some casinos exclude ecoPayz from welcome offers. Check the excluded payment methods in the bonus terms before you deposit.
Yes. It is operated by PSI-Pay Ltd, which is authorised by the UK Financial Conduct Authority, and casinos only see your wallet account. Turn on two step verification for extra protection.
Every method we have tested at a licensed casino, with the deposit floor, the payout route and the cost written out for each one.
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