Payz (formerly known as ecoPayz) has gained significant traction in the Canadian iGaming space. In this comprehensive guide, we’ll explain everything you need to know about using Payz at online casinos in Canada. We’ll cover how it works, the benefits it offers, and provide tips for choosing the best Payz casinos to play at. Whether you’re a beginner looking for a simple payment solution, or a seasoned player wanting faster payouts, read on to see how Payz can enhance your online gambling experience.
What is Payz
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A Payz casino is an online casino that accepts deposits and processes withdrawals using the Payz payment service. Payz acts as an e-wallet that allows you to store funds and transfer money to merchants and other users quickly and securely.
Here’s a quick rundown of how Payz works at online casinos:
- Players open a free Payz account and transfer money into the e-wallet from their bank account, credit card, or other payment methods.
- To deposit at the casino, you simply log into Payz and send money from your account balance directly to the casino. Deposits are instant.
- When you win money and wish to withdraw your balance, you provide your Payz details to the casino cashier. The casino will then transfer your funds back into your Payz account.
- You can use the money in your Payz account to deposit at other casinos, shop online, or transfer it back to your bank. Withdrawals are also very fast with Payz, especially compared to traditional methods.
So in essence, Payz acts as a secure intermediary that facilitates transfers between your bank and the online casinos. All your transactions are handled through Payz’s secure servers.
Brief History of Payz (ecoPayz) in Canada
While Payz itself launched in 2000, it took a while for the payment method to catch on at online casinos in Canada. At first, options like credit cards, bank transfers, and third-party processors like NETELLER dominated. But as online gambling grew, players started looking for alternative deposit and withdrawal methods that offered more convenience, speed, and security.
Payz began partnering with more online casinos throughout the 2010s, giving Canadian players another trusted e-wallet option alongside Neteller and Skrill. Its integration with popular global casinos like Betway helped increase its exposure.
Over the years, Payz has steadily increased its share of the Canadian iGaming payments market thanks to benefits like:
- Fast, no-cost deposits and withdrawals
- High limits on transactions
- Security features like 2-factor authentication
- Dedicated mobile app for easy access
- Support for multiple currencies (USD, EUR, CAD etc)
Today, most major online casinos accept Payz payments to and from Canadian customers. It is considered a top-tier payment method for Canadian players thanks to its reliability, security, and fast processing times. The rebranding from ecoPayz to Payz in 2020 also gave the service a refreshed image.
For players looking for a smooth payment experience, Payz casinos provide a compelling option. The ability to safely store funds in your account, quickly deposit into games, and cash out winnings faster provides huge appeal.
How Payz (ecoPayz) Casinos Work
Understanding the step-by-step process of using Payz at online casinos can help demystify how it actually works:
- Sign up for a free Payz account on the website or mobile app. You’ll need to provide some personal information.
- Fund your Payz account via bank transfer, card deposit, or another payment method. Money sent to your account is available immediately.
- Find a Payz casino and open an account there – we recommend sticking to reputable brands that are legally licensed.
- When you’re ready to deposit, log into your Payz account and go to ‘Send Money’, entering the casino’s merchant details.
- The money is instantly sent from your Payz wallet to the casino. Log into your casino account to see the funds there, ready for playing.
- After playing, request a withdrawal from your casino account to Payz, entering the required details.
- The casino will process the request and send the money back to your Payz account, available for you to use or cash out.
So in a nutshell, Payz acts as a secure e-wallet intermediary that lets you quickly move money between your bank, the Payz service, and the online casino. This provides a fast, efficient payment flow.
Detailed Features of Payz (ecoPayz) Casinos in Canada
Now that we’ve covered the general basics of how Payz casinos operate, let’s explore some of the key features and capabilities that make Payz a best-in-class iGaming payment solution for Canada:
Quick Registration at Payz (ecoPayz) Casinos
- Registering for a Payz account is quick and easy. You just need an email address and password to sign up.
- Verification of identity requires some simple ID checks, but the process is faster than at most banks.
- Once registered, you can use Payz at hundreds of global online casinos immediately. No need to register payment details separately at each casino.
Instant Withdrawals with Payz (ecoPayz)
- Payz offers exceptionally fast withdrawal times from online casinos.
- While every casino has its own processing times, Payz aims to credit your account within 24 hours. Often withdrawals are even faster – within several hours.
- This compares very favourably to other payment methods like bank transfers or checks, which can take 4-5 business days.
Payz (ecoPayz) Security Features
- Payz utilises 128-bit SSL encryption and industry-leading protocols to secure transactions and personal data.
- Options like two-factor authentication and login approvals add extra security layers against fraud.
- Payz is PCI DSS compliant, meaning it meets high security standards for handling card payments.
- Being a standalone e-wallet means your bank details are never shared with merchants like online casinos. This adds privacy.
User Experience at Payz (ecoPayz) Casinos
- Payz offers dedicated mobile apps for iOS and Android, allowing you to manage your account on the go.
- The deposit and withdrawal processes are very quick and simple from both desktop and mobile. Just log in and confirm the transaction.
- Customer support is available 24/7 via live chat, email, and telephone. This can assist with any payment issues.
- The multi-currency account architecture permits easy deposits and play in CAD, USD, Euros, British Pound Sterling, and other major global currencies.
So in summary, Payz aims to provide a smooth, convenient user experience for depositing, playing, and withdrawing at online casinos. For Canadian players, it ticks all the right boxes as an iGaming payment service.
Pros and Cons of Using Payz (ecoPayz) at Online Casinos
Of course, no payment method is perfect. While Payz has numerous advantages, there are some potential downsides to consider:
- Fast deposits and withdrawals
- Fast deposits and withdrawals
- Fast deposits and withdrawals
- Fast deposits and withdrawals
- Fast deposits and withdrawals
- Fast deposits and withdrawals
- Fast deposits and withdrawals
- Cannot withdraw directly to credit card
- 3.5% fee for some funding options like credit card deposits
- Cannot reverse payments once processed
- Limited bonus offers compared to some e-wallets
- Lower maximum balance than other services ($10,000)
Overall though, Payz delivers substantial benefits that in most cases outweigh the negatives. For convenient, speedy payments at online casinos, it ticks the right boxes.
A Step-by-step Guide on How to Use Payz (ecoPayz) in Canadian Online Casinos
Using Payz for deposits and withdrawals at internet casinos in Canada is straightforward. But for first-timers, having a step-by-step walkthrough can help ensure the process goes smoothly:
- Register a Payz Account: Head to payz.com and click ‘Sign Up’ to create your free account. Enter your email, choose a password, and provide some basic personal information. You can also download the mobile apps for iOS and Android.
Example:
- Fund Your Payz Account: Log into your account and visit the ‘Upload Funds’ section. Here you can connect bank accounts, cards, and other sources to load balance into your Payz wallet. Transfers are instant.
- Choose a Reputable Payz Casino: Browse reputable casino sites that accept Payz and sign up for an account by providing the requested details. Be sure to take advantage of any welcome bonuses.
- Visit the Cashier and Select Payz: When you’re ready to deposit, visit the casino’s banking or cashier page. Select Payz as your preferred payment method.
- Log Into Payz and Confirm Deposit: You will see the casino’s deposit instructions. Log into your Payz account on desktop or mobile, enter the required details and send your deposit.
- Play Your Favorite Games!: The money will appear in your casino account instantly. You can now try real money slots, roulette, blackjack, and other fun games!
- Withdraw Your Winnings: When ready to collect winnings, head to the casino’s ‘Withdrawals’ section. Enter the amount you wish to withdraw and select Payz as the recipient account.
- Confirm Withdrawal in Payz: Once the casino processes the request, the money will show up in your Payz account. Log in to confirm receipt and you’re done!
By following these simple steps, Payz lets you seamlessly fund real money accounts and withdraw your winnings. It’s a trusted payment partner for Canadian online casino players.
Frequently Asked Questions about Payz (ecoPayz) Casinos
Players new to Payz likely have plenty of questions about how it works at Canada online casinos. Here are answers to some of the most frequently asked questions:
A Payz casino is an internet gambling site that accepts deposits and handles withdrawals using the Payz e-wallet service. Players need to open a free Payz account first to send money to and from the casino.
Payz casinos allow instant deposits directly from your Payz balance. To withdraw, the casino sends winnings back to the player’s Payz account, available for fast cashout or further gaming deposits. Payz acts as the payment intermediary.
Yes, one of the big benefits of Payz is that casino deposits are instant. Once you confirm the deposit transfer in your Payz account, the money appears in your casino balance instantly.
Payz does not charge fees for basic transactions like e-wallet deposits, withdrawals, or account-to-account transfers. However, depositing funds into your Payz account via methods like credit card does incur a small 3.5% fee.
Payz utilises top-grade SSL encryption and industry-leading security protocols to keep your funds and information safe. As a financial service operating in Canada, it also meets strict regulatory requirements. Payz is considered very safe for online casino payments.
So in summary, Payz provides Canadian players with a secure, efficient, and cost-effective payment method for enjoying internet gambling. It makes funding accounts and withdrawing your balance much smoother.
Conclusion: Why Choose Payz (ecoPayz) Casinos?
In the world of online casinos, having reliable banking options is crucial. Payz has cemented itself as a premier choice for Canadian players thanks to benefits like:
- Instant deposits and fast withdrawals
- High security standards and encryption technology
- Easy account setup and intuitive multi-platform interfaces
- Intermediary role that keeps bank details private
- Low fees and support for various global currencies
Ultimately, playing at Payz casinos gives you peace of mind that your payments will be smooth, secure, and convenient. For Canadian gamblers, it provides the speed, reliability, and service expected from a top iGaming payment solution.
Final Verdict on Payz (ecoPayz) Casinos
After assessing the features, pros and cons, and real-world performance of Payz for iGaming deposits and cashouts, we can safely recommend it for several reasons:
- Payz is widely available at popular casinos that accept Canadians
- Fast, no-cost transactions enhance the playing experience
- Top security technology and encryption protocols provide safety
- simplified onboarding and payment flows result in a straightforward user experience
- Customer support teams quickly resolve any issues with payments or the e-wallet service
For a frustration-free payment method that ticks all the right boxes, choose a Payz casino for your real money play.
Top Recommended Payz (ecoPayz) Casinos
While many quality casinos accept Payz, we recommend starting with any of the following top-tier online gambling sites for Canadian players:
- Betway: A major international brand, Betway provides over 500 high-quality real money games from leading developers, spanning slots, blackjack, roulette and more. Players can enjoy the desktop site or fully mobile-optimised apps. New players receive a generous 100% deposit bonus up to $250. Ongoing promos are available too. Importantly, their cashier integrates Payz for fast deposits and withdrawals.
- Luxury Casino: Regulated by Technology Services Trading Ltd, it is another recommended choice. Luxury offers 550+ world class Microgaming games including slots, table games, and live dealer options. Progressives frequently pay life-changing jackpots. $1000 in deposit bonuses spread over a player’s first 5 deposits provides tremendous value. Payz enables convenient money transfers in just minutes.
- Captain Cooks Casino: Licensed by the Kahnawake Gaming Commission with decades of experience, the site makes the short list as well. A vast selection of 600+ slots, tables and specialty games keeps all types of players entertained. Captain Cooks is known for rewarding players via its generous loyalty program. The $500 new player bonus over 5 deposits provides added value. Responsible and secure gambling is a top priority.
- Grand Mondial: Part of the trusted Apollo Group, Grand Mondial focuses on slots, with progressives frequently paying out multimillion dollar jackpots. Popular table games are offered too, including live dealer options. New players receive a 150% deposit bonus up to $250. Responsible gambling tools ensure a worry-free experience.
All these brands offer excellent service, great game variety, and have Payz integrated for smooth, speedy payments in CAD, USD, and other currencies. Sign up, make an instant Payz deposit, and enjoy today!
