Payz is a simple global payment solution that’s mostly used as an e-wallet for casino deposits and withdrawals in Canada. It allows its users to send and receive money anytime and almost anywhere. It was initially launched as Ecocard in 2000, but after some acquisitions and tweaks to the brand, it settled on ecoPayz and is nowadays known as just Payz.
You can make quick deposits and withdrawals with Payz at the top Canadian online casino. As a global payment method, it supports CAD transactions, so you don’t have to worry about those pesky currency conversion fees.
Since we’ve given you a list of the best Payz casinos in 2023, it’s only normal to provide a list of casinos with this payment method you should avoid. They’ve been blacklisted by many players for many reasons including unfair and malicious terms and canceled withdrawals with no explanation.
Extreme Casino
High wagering requirement
Failed payouts
Rigged games
Ruby Casino
High wagering requirement
Failed payouts
Rigged games
Planet 7 Casino
High wagering requirement
Failed payouts
Rigged games
Payz at a glance
Positive
Instant transactions
Free to use
Safe and secure
Supports withdrawals
Negatives
Slow verification
Internal transfer fees
Company Overview
Company name
Payz
Type
Private company
Founded
2000
Solution type
e-wallet
Headquarters
West Sussex, UK
Key markets
Canada
Website
www.payz.com
Advantages of using Payz for online gambling
There are many advantages of using Payz at online casinos, and it’s not just about the speed and lack of fees. Players have cited other factors as the reason why they pick it over direct competitors, and we’ll list a few of its strengths below.
No fuss and free
The Payz system is easy to set up and use. You can create a profile in just a few minutes after which you’re ready to fund your account. Quick top-ups are available online or via the Payz app.
Safe and secure
With Payz, you’re in safe hands. The company uses the latest tech and security systems to keep your sensitive financial data and money safe and secure. It uses safeguarding to protect your finds for extra peace of mind.
Available on the go
The Payz app is available on Android and iOS. You can use it easily on the go and track any payments you’ve made instantly. For example, fund your casino account or withdraw, and you’ll get the ‘receipt’ in your app right away.
Supports withdrawals
One of the things players love about Payz the most is the fact that it works both ways. You can make deposits and withdrawals with it, so you don’t need two payment solutions to fund your account and claim winnings.
Flexible funds
Payz allows its users to send and receive money in over 50 currencies. You can also expect instant transfers at online casinos in CAD which simplifies things for Canadian players because they don’t need to convert their currencies.
Note: Casino deposits are irreversible. Once you deposit your money, you can’t get a refund. In that way, online casinos are protecting against money laundering and prevent third parties from accessing your sensitive financial details.
Disadvantages of Payz
No payment method is perfect, and neither is Payz. Compared to other payment providers, it has slight disadvantages ranging from fees to slow verification.
Fees on internal transactions
There will be a slight fee deducted from your transfer every time you load up funds to your Payz account. It’s not a lot, but large amounts via credit cards can get charged up to 6%.
Slow verification process
Users have been bashing the service for the slow verification process. Weeks may pass between the time when you send your documents and the actual verification which must be improved.
How to deposit with Payz at online casinos
How to deposit with payz ONLINE
Thanks to the simple and intuitive interface and user-friendly system, making a Payz deposit is as simple as it gets.
Head to the Payz casino of choice
Head to the Payz casino of choice – our list can help with that.
Open the Cashier or Payments page
Open the Cashier or Payments page – it should be available on your account page
Choose Payz from the list of options
Choose Payz from the list of options
Enter the desired amount or pick from the available options
Enter the desired amount or pick from the available options
Click on deposit to finish the process
Click on deposit to finish the process – your money should be available shortly
Note: you only have a limited time to confirm the transactions. That’s a bank security feature that is used for this type of online transaction and usually sits at around 15 minutes.
Online casino withdrawals with Payz
You can make withdrawals with Payz at online casinos and that’s a big reason why players love it. The process of withdrawing money is just as simple as making a deposit. Here’s a step-by-step guide:
Open the Cashier page
Choose Payz from the list of options
Enter the desired amount
Click on Withdraw
Note: as an anti-money laundering measure, online casinos these days will need you to complete the KYC process before you make your first withdrawal request. The process will be finished in 24 hours and requires you to send personal documents to the casino which will be safely transferred. These documents include:
– Proof of identity – copy of your ID, driver’s license, or passport – Proof of payment method – copy of a bank statement (or recent transactions) – Proof of address – utility bill with your name and address
Similar payment methods to Payz
Payz is an excellent option to use at online casinos, but for any reason, you might be looking into alternatives. We can suggest the options on the list below as the best alternative options to Payz.
Like its competitors Neteller and Skrill, Payz has been around in the gambling industry for quite a while. It was first launched in 2000 before going through a rebrand which made it even more accessible at Canadian casino sites. It’s now a mainstay that’s used by thousands thanks to its user-friendly interface and focus on mobile innovations and payments on the go.
The fact that you can make deposits and withdrawals is a huge draw for online casino players. It’s a one-stop shop for all your financial needs and unlike some competitors, you won’t lose the possibility of getting a bonus with Payz. Thanks to all of this, its online gambling impact is unmatched.
Conclusion
Payz is a highly recommended financial solution for your online gambling wants and needs. If you’re looking at the best Payz casinos, we strongly suggest exploring it as a payment method. Compared to other options, it’s safe, user-friendly, and relatively fast, making it one of the top payment methods at online casinos.
FAQs
Is Payz safe to use?
Yes, it is. The e-wallet is easy to use via the Payz app and on desktop, with an intuitive interface that even new players can adapt to well.
Should I register for a Payz account before using it at online casinos?
Yes, you should. The e-wallets need you to sign up so you can share your details and make easy deposits with many other options.
What’s the average Payz withdrawal time?
Payz doesn’t have a withdrawal time – if it was up to the e-wallet, all withdrawals would be instant. The withdrawal time is determined by the casino of choice, so pick those that offer instant payouts.
Does Payz accept CAD?
Yes, it does. The popular e-wallet accepts over 20 currencies including CAD, USD, EUR, and many more.
Is Payz widely available?
Of course. Its reach is global and casinos almost universally accept it. You’ll have a harder time finding casinos without it rather than with it.
