The company behind Payz is PSI-Pay Ltd. The company was established in 2008 by the FSA (Financial Services Authority) in the United Kingdom. The payment service became popular quickly and, within a few years, gathered a large user base. Soon, they became associated with Mastercard, which recognized the growing popularity. They launched the first-ever financial institution app, with their former name EcoCard.
The payment app gathered traction, and its growing popularity enabled the company to expand its services. EcoCard was replaced with EcoPayz in 2013, resulting in the new branding that was common up to lately. EcoPayz recently changed its name again to Payz.
Since 2013, they expanded their services and provided payment solutions worldwide. They led a multilingual approach and turned to many audiences. For example, they localized their services for the Indian market. Soon later, they expanded their services as a part of a business arrangement with Western Union.
Payz is not only an e-wallet. Rather, they also offer a prepaid card called ecoCard, virtual payments using the ecoVirtualCard, and ecoVouchers. These are all ways for users to make easy payments on various platforms. They also offer customers a partnership program, allowing them to profit from bringing new users abroad.
To make a deposit using Payz, you only need to follow the very intuitive platform. If you have used PayPal before, you should find the whole payment quite familiar. Here's the breakdown of what you should be doing to make a payment using Payz :
First, you should be aware that not all Payz casinos also allow Payz withdrawals. The first thing you should check if you want to use Payz strictly is that payments are available for deposits and also withdrawals.
Once this has been established, and you want to withdraw your funds, follow the following steps :
Now you have your funds in the Payz account, and you want to use them outside the platform. To do so, you have a few options. First, you can use the funds using Payz Mastercard. Once your Payz account is verified, you can receive a Mastercard and use it anywhere, like any other credit card.
You can also make payments directly using the Payz account.
You can also use the Payz debit card and receive a physical card.
Of course, you can always make withdrawals directly to your bank account. It requires you to provide bank information such as the IBAN, SWIFT, name, etc. There is a fee for this procedure, which is €10 when writing this. Keep in mind Payz charges this fee. There could also be fees in your bank on top.
Being able to make payments using Payz is excellent. However, there are other things you should consider. You should also ensure that the online casino you are considering is reputable, safe, and will process your payments rapidly. Many online casinos accept Payz, but not all are good ones.
We have a thorough process for picking the best sites. It includes performing research on the brand. Check what players have to say about it online. Testing the customer support department. Making a deposit and a withdrawal to ensure fast processing times for payments. And more. We went through this process to save you time. Having said that, if you want to learn and repeat of process, we get it. We encourage you to do so.
Here's a breakdown of our review process :
Reputation is the very first thing we check. An online casino can be licensed in a highly reputable authority like the UK and still go bust. It has happened before, and it will happen again. However, having a solid reputation over many years guarantees success. A reputable online casino typically has been doing things right for a long time. It has a good user base. And it is making a LOT of money in revenues, assuring that the owners would want to maintain this good reputation. When a casino has many bad reviews, players see that. We sure do too. To ensure an online casino has a good reputation, going through the web is critical. Read as many resources as you can. Read reviews, forums, news articles, and anything else. This information will give you a better understanding of the brand. If you see many bad reviews, try to understand their nature. Use your judgment and avoid the bad reviewed sites. Building a good reputation takes many years. Destructing it takes a few bad reviews. Reputable brands know that and do their best to maintain a good reputation.
The customer support department is one of the things you can't compromise on. They must be available at all times, friendly, knowledgeable, and ready to assist with any inquiry. And also, it helps if there is more than one way to reach them.
Before depositing to an online casino, we send the customer support a message. We ask as many questions as possible. This way, we understand how fast is the response time and how knowledgeable the representative is.
It's best to do this test once or twice. At different hours you might want to play. Are you playing during the night? Make sure to send them a message during these hours.
Another nice thing to have is a comprehensive FAQ section. These are helpful many times.
When looking into Payz casinos, we already know what payment method we want to use. However, that doesn't guarantee that the casino will process the payments fast enough. We test the online casinos we list to ensure they provide fast deposits. And even more important, we make sure they provide fast withdrawals. Some casinos will process and deliver your funds only after seven days. This is outrageous. Depending on the payment method, on average, payments should be processed within one business day.
Games are the core of having a fun experience playing casino games online. There is no point in a reputable brand with perfect customer support if it has bad games. We look into every Payz casino and ensure the game selection is broad. We have many readers, and we want everyone to be able to find what they want. It typically isn't hard because the average online casino today has thousands of games.
That said, ensuring reputable game providers create the games is critical. Names like Netent, Play'n Go, Microgaming, Reflex Gaming. These are all reputable game providers that create fair games. These games have tested and provably fair RNGs. RNG (Randon Number Generator) is the engine of every game. A reputable brand uses RNG that provides a genuinely unpredictable and honest outcome to every bet.
Online casinos must have a license to operate and process payments. To find the license number associated with a casino, look at the casino site's footer. The information should be available with a link to the specific license. The link won't always work, but you can search for the license number on a search engine. If the license number doesn't fit, something is not right. In this case, we would suggest looking into other brands. The best and most reputable licensing types are the MGA (Malta Gaming Authority) and the UKGC, which license brands to operate in the UK. However, other reputable licensing bodies are also ok. Among them are Curacao and Alderney.
The license is only an added security layer to us as players, to know that we are facing a regulated company. And not a group of individuals operating under the grid.