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Payz Bingo Sites – The New ecoPayz

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While people still talk of ecoPayz bingo sites, today, the correct name of the payment method is Payz. However, despite the rebranding, it is still an easy-to-use, reliable, and secure e-wallet.

It also supports payments in more than 50 currencies, which explains why it is one of the most popular bingo payment methods.

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What Is Payz?

Payz is an online e-wallet that allows users to send, receive and manage money in different currencies. It was previously known as ecoPayz, which emerged from the original EcoCard service. The company has an impressive history, starting with the EcoCard service created in 2000, later becoming ecoPayz, and then most recently rebranded as Payz in 2023, which is a favourite at some of the best bingo sites.

eco card

The basic idea is simple. You open an account, add funds, and then use that balance to make payments at bingo sites that accept the service. When deciding how to make payments at online bingo sites, Payz is worth considering if you prefer e-wallet payments over debit cards or direct bank transfers.

How Payz Works

Payz works in a very similar manner to other e-wallets. First, you create an account through its website or app. Opening an account is free, and you can then manage it entirely through the website or mobile app.

Once your account is active, you can add funds using the available deposit methods, such as credit or debit card, local deposit options, or international bank transfer. You can then use your Payz balance at sites that list it as a supported payment option.

How Payz Deposits and Withdrawals Work

To make a deposit at a bingo site, go to the cashier, choose Payz, enter the amount, and log in with your details to approve the payment. Before doing this, ensure you have funded your Payz account.

The minimum deposit into an account is £10. The actual bingo site deposit and withdrawal limits will vary, but minimum deposits and withdrawals are usually £5 or £10. Withdrawing to your Payz account from a bingo site follows a similar procedure to deposits. Then, when you withdraw from Payz, you can expect a processing time of 3 business days and up to 5 business days for the money to reach your bank account.

Pros & Cons of Using Payz

Pros
  • Easy to use e-wallet
  • No need to provide the bingo site with card details
  • Supports multiple currencies
  • Well-established and respected company
Cons
  • Some fees and limits may apply
  • Need to separately fund Payz account
  • Slow withdrawals

A Safe and Secure Payment Method

There is no reason why Payz wouldn’t be a safe payment method, as long as it is used at a properly licensed bingo site. The current service is provided by IPS Solutions Ltd, which is authorised by the Central Bank of Cyprus to issue electronic money and provide payment services, which means it is held to very high operating standards. Payz keeps its customers’ funds separate from the company’s own business funds, which provides another layer of protection. Just be sure that your chosen bingo site has a UK Gambling Commission license.

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