What is Payz (ecoPayz) and how it works in casinos
ecoPayz was founded in 2000 and is run by PSI-Pay Ltd, a UK-authorised e-money institution that also issues the ecoVoucher prepaid product. The service rebranded to Payz in 2023 but kept the same accounts, licences and casino integrations, so you will still see both names on cashier pages. It has long been a staple of the gambling market, particularly in Europe and Canada.
The wallet supports a wide range of currencies, offers a prepaid card, and sits between the casino and your bank: you deposit by logging into Payz from the cashier and approving the payment, and winnings come back to the same account. Payz is popular in the UK, Germany, Austria, Poland, Canada, Italy, Spain, Scandinavia, Czechia, Hungary and also serves players in Ukraine, Kazakhstan, Australia and New Zealand.
Depositing with Payz (ecoPayz)
Register, verify your identity to reach the Silver tier, and fund the account by bank transfer, card, local method or ecoVoucher. At the casino choose Payz or ecoPayz, enter an amount of at least 10, log in and confirm. The deposit is instant and free at the casino. Higher account tiers raise transaction and monthly limits, so active players should complete full verification early.
Withdrawing winnings to Payz (ecoPayz)
Payz supports withdrawals and the casino will return funds to the same Payz account under its closed-loop policy. Credits typically arrive within a few hours and within 24 hours of approval. Moving funds from Payz to a bank account costs 1–2% and takes a few business days; the Payz prepaid card is a cheaper way to spend smaller balances.
Fees
Casino deposits are free. Withdrawals from the casino to Payz are usually free at the casino end, but Payz charges 1–2% when you transfer the balance to your bank, and currency conversion runs at around 2.99%. These are mid-range costs for an e-wallet. Reduce them by opening the account in your casino currency, funding by bank transfer, and withdrawing to your bank in fewer, larger transactions. Higher tiers get slightly lower rates.
Bonus eligibility
Payz is sometimes excluded from welcome bonuses. It is not on every casino's exclusion list the way Skrill and Neteller are, but a meaningful share of operators group all three together as long-established e-wallets with a history of bonus arbitrage. Whether a Payz deposit qualifies therefore varies site by site, so read the excluded-methods clause before funding, and use a card or instant banking for the qualifying deposit if the terms are unclear.
Pros
- Long track record in the gambling market
- Withdrawals within 24 hours
- High privacy; casino never sees your bank
- Prepaid card to spend winnings
Cons
- 1–2% fee to move money to a bank
- Currency conversion around 2.99%
- Sometimes excluded from bonuses
- Tier system limits unverified accounts
Verdict
Payz is a dependable mid-tier wallet for regular players who already use it or whose casino does not list newer alternatives. It is a weaker choice than MiFinity or Jeton on fees and bonus eligibility, and a weaker choice than Skrill on acceptance. If you are opening a new wallet specifically for casinos, compare those first; if Payz is what your casino offers, it will do the job reliably.
Side-by-side comparison
| Payz (ecoPayz) | Jeton | MiFinity | MuchBetter | |
|---|---|---|---|---|
| Overall score | 7.2/10 | 8.5/10 | 8.2/10 | 8.2/10 |
| Withdrawal speed | Up to 24 hours | Up to 12 hours | Up to 24 hours | Up to 24 hours |
| Withdrawal fee | 1–2% | 0–1% | 0–1.5% | 0–1.5% |
| Currency conversion | Around 2.99% | Around 2–3% | Around 2.5% | Around 2% |
| Withdrawals supported | Yes | Yes | Yes | Yes |
| Bonus eligibility | Sometimes excluded | Usually eligible | Usually eligible | Usually eligible |
Frequently asked questions
Is Payz the same as ecoPayz?
Yes. ecoPayz rebranded to Payz in 2023; the operator PSI-Pay Ltd, the licences and existing accounts are unchanged, and casinos may show either name.
Can I withdraw casino winnings to Payz?
Yes. Withdrawals are supported and typically credited within 24 hours of approval, back to the same Payz account you deposited from.
What fees does Payz charge for casino use?
Deposits are free. Sending money from Payz to your bank costs 1–2%, and currency conversion is around 2.99%.
Is Payz excluded from casino bonuses?
Sometimes. Some casinos exclude it alongside Skrill and Neteller; others accept it. Check the bonus terms before depositing.
