Summing up Progress Play Sites Accepting ecoPayz by Progress Play Casinos
All You Need to Know About Casinos Accepting ecoPayz
This less well known electronic payment service is becoming recognised as a great way to make online payments. This is especially the case with casino players, as more and more online operators are offering it as a way for their players to make deposits.
It’s been around for longer than many people think. The company which created it was founded back in the year 2000, so the service has been in operation for around two decades now. It’s still a small company though, run by a close knit team of less than fifty employees, most of them based in the company’s home country – the Baltic state of Latvia.
The service is currently owned and operated by a United Kingdom based company, called PSI-Pay. This company has its headquarters in Horsham, West Sussex. The ecoPayz service is authorised to operate in the United Kingdom, where it is fully regulated by the UK government’s Financial Conduct Authority (FCA). It is also licenced to issue electronic money throughout the European Union.
The service was originally launched as EcoCard, and was an immediate success in the Baltic states. Growth was gradual, as its use became more widespread across the northern European continent. Progress was accelerated in 2009, when PSI-Pay was authorised to offer MasterCard branded plastic cards. This enabled it to issue real world EcoCard plastic pre-payment cards for the first time. It also released an iPhone app the same year.
The EcoCard service was re-branded in 2013, with the current ecoPayz brand being introduced, along with several new financial products.
Using an ecoPayz Casino – How Does it Work?
ecoPayz is a quick and convenient money transfer service. It can also be used to make payments for online goods and services. It’s really easy to sign up. It’s free to open an account, and you don’t even need a bank account to do so. You just need to provide your name and address; an e-mail address and think of a secure password, and that’s it.
Because the service works on a pre-payment basis, there are no credit checks. This means that just about anyone over 18 can hold an account, making it an ideal choice for people with a poor or non-existent credit record.
Your account can be pre-loaded and topped up in lots of different ways. For people with conventional banking facilities, online banking services, bank transfers or a debit or credit card can be used. For account holders without these services, payments to an ecoPayz account can be made at any post office.
Alternatively, the pre-payment service Paysafecard can be used. These can be bought from many local neighbourhood stores such as supermarkets and convenience stores; high street shops like WH Smith and even some petrol stations. These can be bought for cash. Account holders can then use them to load an ecoPayz account online.
Once loaded with funds, ecoPayz can be used to buy goods and services online. Just look for the logo when you check out your basket from an online store, or on the Banking page of any website or online service.
There are no charges for using your account to make online payments. Instead, the retailer or service provider you are buying from pays a small commission when accepting your transaction. The only exception to this is if there is any kind of currency exchange involved. In these cases, there is a fee to pay, which can vary from about 1.5% to 3%. The actual amount is dependent on the specific currencies involved, and the type of account you hold.
There are fees to pay when either loading or withdrawing cash from your account though. This is why it is always best to use you card to actually pay for goods and services, rather than to withdraw your funds as cash. What you have to pay will vary according to the specific transaction, so it is always best to check the ecoPayz website. There you can find the specific charges which apply to the type of transaction you wish to undertake, before deciding which method to use. It is also best to ensure you use your account regularly. This is because an additional monthly fee of €1.5 is applied if you don’t use it for more than a year.
Today, ecoPayz can be used in more than 150 different countries across the globe. It can also be used in any of more than forty alternative currencies, so it is very flexible too.
ecoPayz is a convenient way of making online payments. It is becoming more widely available as a payment option, particularly at online casinos, where it is regularly provided as a quick way to pay for your play. It is always available for you to use at Progress Play powered casinos, so look out for it at the checkout or Banking page of your chosen site.