Canada's Best ecoPayz Online Casinos

What is ecoPayz?

Initially founded as ecoCard in 2000, ecoPayz is an e-wallet service owned by payment solutions company PSI Pay, based in Horsham, England. Since 2008, PSI and ecoPayz have been regulated by the Financial Conduct Authority (FCA), becoming authorized as a specialist electronic money issuer in the process. 

ecoPayz is used as an online payment and money transfer service – both internationally and domestically. Registering an ecoPayz account is free and open to everyone without the need for any credit checks. When registering, users must specify a mobile phone number to link to their account, which is then used for authentication processes each time the user logs in. 

Like other e-wallets, ecoPayz is not a bank account, but rather a kind of in-house account that has grown to become an invaluable banking option at many online casinos. This is due to its ability to facilitate fast payout times and lightning quick deposits, its high limits on transactions, and solid security infrastructure that make payments as safe as possible. 

But unlike PayPal and other e-wallets, ecoPayz operates as a prepaid service, so funds are not inherently linked to any bank account. As a result, ecoPayz users will not be able to spend any money that is not already deposited in their account, and can only link a bank account for the purposes of a withdrawal. There are a number of different depositing methods available with ecoPayz, including Visa, Trustly, Paysafecard, and many more.

Benefits of Using ecoPayz for Casino Payments

Here’s a list of reasons why you should consider using ecoPayz at a Canadian gambling site: 

1. Registering an account is quick, easy, free, and available to anyone.
2. Deposits are straightforward and withdrawal times are among the fastest of any online casino payment option;
3. Widely accepted at Canadian online casinos;
4. Its prepaid nature allows users to carefully manage their spending;
5. No fees when depositing at an online casino;
6. ecoPayz is supported in 46 different currencies and available in over 150 countries;
7. Instant money transfers between ecoPayz accounts;
8. FCA regulated, so users know their data is protected and their payments are secure;
9. Tiered account access with users able to upgrade to Gold, Platinum and VIP status, adding extra benefits to their account as they go.

Drawbacks of Using ecoPayz for Casino Payments

While there are lots of benefits to using ecoPayz payments at your gambling site, there are some potential drawbacks to consider as well:

1. Although there are no fees incurred for ecoPayz casino deposits, there are charges tied to deposits from bank accounts and other sources – check the ecoPayz site for a breakdown of these fee.
2. There is also a fee of 1.5% attached to all ecoPayz money transfers, but Gold, Platinum and VIP members have this charge waived
3. Money transfers can only be made to other ecoPayz account holders
4. Some Canadian ecoPayz casinos may charge a withdrawal fee – check the terms and conditions of your casino to find out

Alternative Payment Options

There are plenty of other payment options available to Canadian gamblers, and we’ve run through some of these below. Each of these options have their own unique perks and drawbacks, and it’s up to the individual to decide which option works best for them, based on their own gambling habits and needs. 

Bank Cards

What bank cards lose in speed, they make up for in ubiquity. You won’t ever have any trouble finding a Canadian online casino that accepts either debit or credit card payments, but you will have to wait some time for your withdrawals to come through – in the worst case scenario this can take up to seven working days, but sometimes it will take just three.

Wire Transfer

Wire transfer payments are widely accepted at Canadian casinos, but players who like to get hold of their winnings as soon as possible might want to consider alternative options. This payment option sends funds directly from one bank account to another without the use of any intermediary third-party, making them less susceptible to hacks or fraudulent activity. 

eCheck

If you’ve already got a checking account, you can register it with your gambling site and use eChecks as a means of depositing funds into your casino account. Electronic checks require exactly the same banking information as a physical check would, and although the process of depositing is quick and easy, it can take up to three days for the deposit to be processed and for funds to appear in your account. In addition, users aren’t able to make withdrawal requests with eChecks.

Pay by Phone Bill

Pay by phone bill services like Boku allow users to pay for their deposit by simply entering their cell phone number at the cashier page. Your network provider will initially pick up the bill on your behalf, before charging your account at the end of the month.

Users of these services are drawn to their ease and convenience, but there are strict limits on deposit amounts, which are usually set at $30 a month. Potential customers should also know that there are no opportunities to withdraw money with this option, although this may change in the future.

How to Make Deposits and Withdrawals with ecoPayz

Here’s a step-by-step guide to making ecoPayz deposits: 

1. Consult the BestOnlineCasinos list of recommended Canadian gambling sites;
2. Read our user-focused reviews, compare welcome bonuses, and click through to a site you like;
3. Sign up to the site by entering your personal information;
4. Head over to the cashier page and select the ecoPayz option;
5. Enter the amount you would like to deposit. If you want to claim the welcome bonus, check the bonus’s terms and conditions beforehand to make sure your deposit will qualify;
6. Complete authentication processes by following the on-screen prompts; 
7. Wait for verification checks to be complete – with a new account, this can take up to 48 hours;
8. Once the funds have appeared in your casino account, you’re ready to place your first wager!

Here’s what to do when you’re ready to make an ecoPayz withdrawal:

1. If you’re looking to withdraw bonus-related cash, make sure you’ve satisfied all the terms and conditions and that you qualify for a withdrawal request;
2. Head to the cashier page and hit the withdrawal button;
3. Enter in the amount you’d like to withdraw, meeting the minimum withdrawal amount if applicable, and check that the designated account details are correct;
4. Follow the on-screen verification prompts – this will involve the cell phone number you linked to your ecoPayz account;
5. Once everything is verified, your money will be subject to the online casino’s internal processing time. Once this clears, your money should be available in your ecoPayz account immediately.

ecoPayz Casino Bonuses

The best ecoPayz casinos will offer new players a welcome bonus when they first sign up to the site, along with a string of consistent bonuses and promotions throughout the player’s time at the casino. These bonuses come in many different shapes and sizes, but here are some of the most common.

Matched Deposits

A matched deposit sees the casino equal the player’s deposit at a certain percentage and up to a set limit; for example, you might come across a matched deposit of 100% up to $100, which would see a $100 deposit generate a total of $200 to play with. While these can be the most lucrative bonuses, they often come with the tightest strings attached.

Keep an eye out for the wagering requirements, time limits, game weighting, game restrictions, and payment exclusions in the terms and conditions. That being said, your matched deposit cash can be a great way to get accustomed to a site and its gambling options without using much of your own money.

Free Spin Bonuses

Players hitting the slots tend to concern themselves most with free spin bonuses – a bundle of extra spins that’s issued in exchange for a minimum deposit. For example, players might receive an offer of 50 free spins when depositing $25. 

No Wagering Bonuses

If you’ve spent any time at a gambling site, you’ll know that no wagering bonuses are among the most player-friendly available. Wagering refers to wagering requirements – a condition attached to most casino bonuses that requires the recipient to wager their bonus’s value a certain number of times before they’re able to request any bonus-related winnings.

Wagering requirements are commonly calculated at roughly 25-40x the value of the bonus, but this value varies across the online gambling market.

No wagering bonuses forego these requirements. Instead, players can use a no wagering bonus to generate a boost of funds with any associated winnings immediately accessible for withdrawal.