Top Online Casinos Accepting Payz in the UK

Payz, doubling as a card issuer and an e-Wallet service, has remained a preferred payment choice for UK's online casino players for a long time. This guide will walk you through how to carry out Payz transactions and offer you necessary advice if any problems arise.

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What is Payz?

Originally known as ecoPayz before rebranding in 2023, Payz is a regulated financial entity that provides a range of services, encompassing eWallet accounts, prepaid cards, and diverse payment alternatives. Launched in 2000, during the rise and popularity of online casino platforms, ecoPayz's mission was to offer UK users and those worldwide immediate, safe, and no-cost payment solutions.

Tagging itself as an international payment solution provider, Payz’s functions extend to more than 190 countries, confirming its undeniable worldwide reach. It has transformed into a mobile-focused banking alternative, providing easy access via mobile browsers and specialized apps. Regardless of the approach used to access the Payz platform, users are assured of quick transfers and an intuitive interface.

Payz has pioneered the introduction of its own prepaid Mastercard, Ecocard. Once your account is set up, you can enable up to three cards and employ them like a debit card. You also have the choice to use your card to deposit into your casino account. Nonetheless, as detailed in this guide, this might result in slow payouts and lowered limits.

The growth of this eWallet provider in the UK can be ascribed to these and other advantages. While the count of Payz casinos is similar to its primary rivals, such as Skrill and Neteller, you will still get the chance to use it at numerous top sites.

How to Sign up for Payz in the UK

Creating a Payz account is an uncomplicated procedure. Below is a guide to walk you through the registration process:

  1. Access the Payz website: Navigate to the official Payz website using your internet browser.
  2. Select "Sign Up": Locate the "Sign Up" or "Open an Account" button located on the main page and click on it.
  3. Pick your account category: Choose the kind of account you wish to open. Payz provides three choices: Personal, Business, and Merchant. Select the one that best fits your requirements.
  4. Fill out the registration form: Input the necessary information in the registration form. This usually entails your name, email, chosen username, password, and personal information like your birth date and residence.
  5. Carry out the verification process: Depending on the account category you choose, you may need to confirm your identity. Follow the guidelines given by Payz to finalize the verification process.
  6. Deposit into your account: When your Payz account is set up, you can proceed to deposit funds into it. You can select from various deposit methods provided by Payz, such as bank transfers, credit/debit cards, or other supported payment methods.

The Security of Payz: What Measures are in Place When Using the Wallet and Transacting with Casinos?

Payz is an internet-based payment platform as secure as Fort Knox. Their utilization of cutting-edge encryption techniques safeguards your financial details and individual data, and they mean business when it comes to safety.

  • Two-step verification? Yes.
  • Protected servers for preserving your financial data? Yes.
  • Sophisticated fraud prevention systems? Yes.

Not stopping there, they also scrutinize the network for any doubtful activities and have the ability to obstruct, halt, or terminate your account if they detect any inconsistencies. With online casinos, no financial data is conveyed to the casino when depositing. The casino only learns of your Payz enlisted email address, and from thereon, the whole depositing procedure transpires on Payz's platform.

Additionally, Payz has received approval from The Financial Conduct Authority, which is an added advantage for any UK resident in search of a secure payment system. They've implemented SSL on their primary website and are validated by the Thawte Certification Authority. They also have certification for PCI and DSS (Payment Card Industry and Data Security Standards).

Although the company was established in the early 2000s, it's evident that they've stayed abreast with technological progress in the last two decades and beyond. For instance, they recently integrated a 2-step verification system and persist to introduce new offerings (like ecoVoucher and ecoVirtualcard) and other functionalities to ensure Payz remains entirely safe.

Simultaneously, they maintain their role as an intermediary between your bank account and online casinos. Payz was a finalist for Payment Solution of the Year by the Global Gaming Awards for consistently providing new payment methods, superior security, and an overall improved experience in 2018.

It's clear that Payz is dedicated to its responsibility of securing your financial details and personal data.

Pros and Cons of Payz

Before diving into Payz gambling platforms, it's essential to understand the positives and negatives linked with this payment option. We've prepared the following table to illustrate this e-wallet solution:

Pros:

  • Protection. Payz implements strong security features, such as encryption, to safeguard users' financial data.
  • Easy to use. Payz provides convenience with reliable security measures, such as encryption, to guard users' financial details.
  • Wide usage. Payz is extensively accepted at numerous online retailers, including Payz casino platforms, granting users transactional flexibility.
  • Regulated. Payz is overseen by the Financial Conduct Authority (FCA), meaning it complies with stringent financial governance, giving users extra confidence.
  • Various funding methods. Payz enables users to top up their accounts using different options, like bank transfers, credit cards, and non-traditional payment choices.

Cons:

  • Costs. Utilizing Payz can bring about specific costs, such as transaction charges, currency exchange fees, or costs associated with certain services.
  • Account confirmation. The process of setting up and verifying a Payz account might necessitate the submission of personal ID documents, which could be time-consuming for some individuals.
  • Customer assistance. Some users have reported problems when trying to access prompt and effective customer support from Payz, which can be a source of frustration when dealing with difficulties or seeking help.

Play with Casino Bonus on Payz Casinos

If the idea of gambling at a Payz casino seems appealing, you'll be glad to hear that these platforms frequently offer remarkable casino bonuses. This holds true for newcomers setting up their first online casino accounts and making their initial deposits, as well as for recurring and loyalty bonuses. Here are the types of incentives typically given by Canadian online casinos that use Payz:

Welcome Bonus

Most Payz online casinos offer a welcome bonus for first-time account holders. Depending on the casino, the bonus amount can differ, but one common form is the matched bonus. This bonus is usually a percentage of your deposit; say, 100% up to $200. Moreover, many welcome bonuses often include a number of free spins.

Free spins

Free spins are a popular bonus at Payz casinos, available at nearly all platforms. These extra spins could be part of the welcome bonus, a reload bonus, or a reward for customer loyalty. The number of free spins can fluctuate, usually between 10 to 200, depending on the specific casino.

No Deposit Bonus

From time to time, you might find a no-deposit bonus at certain Payz casinos. This implies that you are given an amount of money or free spins to play without the need to deposit first. Even though this bonus is mostly minor and comes with significant wagering requirements, it's an excellent chance to test out a new casino.

Reload Bonuses / Weekly Payz Casino Bonuses

Typically, online casinos offer a reload or deposit bonus either on a weekly or monthly basis. Although the reload bonus may not be as large as the welcome bonus, it often has more lenient wagering requirements.

Bonuses for Loyal Customers

Online casinos appreciate their longstanding customers by providing loyalty bonuses. As you continue your gameplay, you slowly rise through the ranks of the VIP program and unlock bigger and better rewards. These bonuses cover a broad spectrum, from free spins and cashback to exclusive promotions.

Pay Fees, Limits, and Withdrawal Processing Times

Payz applies charges on a broad array of transactions. While there are no fees for moving funds to and from your casino account, you will face costs when depositing or transferring money to your bank account. The processing fees are dependent on the chosen banking method, but you can avoid these charges by using SEPA transfers to fund your account.

However, if you choose to top up your account with cards, payment vouchers, or other accepted methods, you might face fees as high as 8.5%. Similar fees apply when you move money from your Payz account to your main bank account.

Aside from fees, it's crucial to be aware of the casino's rules regarding Payz transactions. The eWallet service also sets limits, particularly on the maximum transfer amounts, which vary based on your account level but start at a fair £12,000+ per day for Silver Level members. Most casinos also enforce minimum amounts of £10 or £20, and they might set higher minimums for certain bonuses.

Once you make a deposit with Payz, your money should be transferred immediately. However, mandatory security checks could delay payouts by a day or more. On the bright side, some leading casinos that accept Payz can process and complete withdrawals within just a few hours.

Payz vs Skrill and Neteller

Having explained the basics of what Payz is, let's examine how it stacks up to other prominent e-wallets.

Skrill and Neteller, interestingly enough, are both part of the same parent company - the Paysafe Group, and pose serious competition to Payz.

When it comes to charges and transaction duration, all three digital wallets are virtually identical. The same holds true for their limits, considering that most online casinos enforce the same restrictions on all e-wallet methods.

The majority of unfavourable Payz feedback from online casino users revolves around acceptance rates and the stringent KYC process. Skrill and Neteller appear on virtually all gambling platforms, while Payz is not as widely available. Furthermore, it seems that the KYC process of these sister companies is significantly less complicated and more straightforward than Payz. More information about this topic follows in the next portion.

Issues With Payz KYC Process

Something worth noting before deciding to utilize Payz is the potential troubles with the platform's KYC process. Specifically, the firm frequently asks for supplementary documents even after the verification process is concluded.

Should they deem your account as suspicious for any reason, they might close it and retain your money. Certainly, this is a situation no one desires, regardless of whether they intend to use the funds for online gambling or other purposes.

Multiple negative reviews about Payz can be found online, with this particular issue often being the focal point, hence it's hard to ignore. For example, Payz has a less than stellar score of just 3.5 out of 5 stars on Trustpilot and a paltry 1 out of 5 stars on Reviews.io. As we pointed out, the majority of the negative feedback centers on this problem.