EcoPayz Betting Sites
If you don’t believe in conventional payment services like bank accounts, credit cards, and debit cards, you can always resort to online services like EcoPayz. It’s a very innovative e-wallet operating for over 20 years. And EcoPayz betting sites in Nigeria are waiting for your exploration.
In this post, we will touch on all the possible information about the payment gateway. You’ll learn what it is, how you can open an account, and how you can effectively use it for your betting needs.
The best bookmakers for EcoPayz Betting Sites in Nigeria
What is EcoPayz?
If you’re familiar with online payment portals, understanding what EcoPayz is will become easier for you. Here are the basic points that you must know about it before going out to the EcoPayz betting sites.
- It started as ecoCard before getting rebranded as EcoPayz in 2013.
- An EcoPayz e-wallet account allows you to transfer funds online, pay vendors around the world, withdraw money to your bank accounts, etc.
- Currently, EcoPayz operates in over 150 countries and you’ll be glad to know that it includes Nigeria.
- The majority of the reputed online sportsbooks offer EcoPayz for both deposits and withdrawals in Nigeria.
- There are four distinct categories of EcoPayz account that you can get. They are Silver, Gold, Platinum, and VIP.
How Does EcoPayz Work?
Just like other popular e-wallets like Neteller and Skrill, EcoPayz works as an online portal for your transactions. It’s not a bank so you cannot get a credit card. But other services like money transfers, getting Mastercard branded debit cards, account top-ups are all accessible to punters like you.
The first stage is opening an account. You need to enter some of your basic information to get started with the payment provider. We have a dedicated section about how you can open an EcoPayz account later in the post.
While opening your account, you need to very careful about your residency. If you are living in one country but select some other country while registering, your account will suffer seriously in terms of functionality.
There are four tiers of EcoPayz accounts. Namely, Silver, Gold, Platinum, VIP level. When you first open an account, you automatically get the Silver status. As you rack up more transfers and maintain a good record, you can upgrade your status.
Higher statuses come with better functions like increased limits, lower conversion fees, discounts, etc.
It also offers EcoCard, a physical card that users can obtain. But unfortunately, that’s only limited to a European audience. So, it’s not an option for you in EcoPayz betting sites in Nigeria.
History of EcoPayz
Despite being an online payment portal, EcoPayz has a very dynamic history. The company is based in Horsham, England and the primary audience was the European shoppers and online gamblers. Yes, you read that right. At that time, mainstream payment service providers like VISA or Mastercard were reluctant to offer such services.
Initially, the brand was known as EcoCard. It was back in the early 2000s. Currently, this amazing online payment gateway is owned and operated by PSI-Pay Limited. The Financial Conduct Authority in the UK started regulating the payments processed by EcoPayz in 2008.
In 2009, EcoPayz partnered up with Mastercard and started issuing prepaid cards to the users. Two years later, the company decided to give business owners their separate services, via the business accounts. The name EcoPayz came about in around 2013.
Since then, EcoPayz has increased its inventory by introducing virtual cards, mobile apps, ecoVouchers, etc. Virtual cards are pseudo debit cards that you can use for online transactions. And ecoVouchers are effective for topping up your EcoPayz account.
EcoPayz in Nigeria
It’s a wonderful payment option for you because, among the hundreds of countries where EcoPayz operates, Nigeria is one of them. And you can use the full suite of features from your account.
As a punter, your biggest benefit is that most reputed bookmakers in Nigeria accept it as a banking option. And there are no restrictions on deposits or withdrawals.
Apart from the EcoPayz betting sites, many online vendors and ecommerce websites accept it. From purchasing goods to paying service providers, you can do everything with your one-stop EcoPayz account.
You don’t need to rely on any of your local banks or the government for verifying your identity. Everything occurs online and you can submit all of your documents by simply taking pictures with your phone.
The verification takes very little time compared to other online payment gateways. All in all, EcoPayz is spectacularly good for all your transactional needs in Nigeria.
Advantages of Using EcoPayz
As EcoPayz is an e-wallet, it offers numerous benefits to the average users. The same goes for special purpose users like yourself. It has an array of advantages lined up for you. And you cannot get these features from most other payment providers around you.
In this section of our discussion, we’ll look at some of the advantages EcoPayz offers to you.
The biggest advantage of e-wallets is the convenience they offer. As they are solely online-based, there’s no need for you to go into a bank or any other financial institution. All you need is a device connected to the internet.
You can visit www.ecopayz.com and open an account by following the steps. Then, you can fund your account by selecting one of the many available options. From there on, transferring money or paying the EcoPayz betting sites is a walk in the park.
It’s Very Secure
If you have a good idea of how e-wallets operate, you’re bound to be impressed by the security measures EcoPayz has in place.
For starters, all of your transaction information is kept private. Both your personal information and payment methods are protected by the data security standard.
Then there is the encryption. All of the transactions you authenticate are automatically encrypted by SSL protocol. The servers that hold all the information are also kept in a secure environment for an over-the-top-quality sense of security.
And lastly, there are the fraud solutions that comply with the Payment Card Industry (PCI) and Data Security Standards (DSS). The company is also authorized and certified by the FCA in the UK, the leading financial regulatory authority of the country.
One of the main benefits of using a global company like EcoPayz is the support for many currencies. The most basic tier of the EcoPayz account, the Silver supports over 46 currencies! If you can climb up to the VIP tier, you can enjoy over 50 currencies altogether.
It is hugely important when you intend to send money to your friends living on the other side of the world. You can seamlessly convert the currency for a very minimal charge and the deposit will go instantly.
It’s another big reason to use EcoPayz betting sites. Most online bookmakers that you find in Nigeria are based elsewhere. While most of them accept Naira, some of them might not. Does that mean they are off-limits for you?
Of course not, you can simply convert your Naira to the currency accepted by the bookmaker. It opens up a lot of possibilities to the punters for betting in all kinds of EcoPayz betting sites.
Wide Variety of Options for Funding
There was a time when you had to have a bank account to get your EcoPayz account funded. But those days are gone. You can easily buy ecoVouchers and use the unique numbers on them to fund your account.
Apart from the vouchers, you can use almost all of the mainstream services for your EcoPayz deposit like VISA branded cards, Mastercard cards, PoLipayments, Neosurf, Giropay, Interac, Trustly, iDebit, PayU, and many others.
EcoPayz is one of those online vendors who love to appreciate its users. That’s why you will find many loyalty campaigns and lotteries. The regular users who overcome a certain threshold of transactions are awarded the opportunity to participate in the raffles.
EcoPayz in Betting
One of the thoughts behind launching EcoPayz was to offer punters a one-stop solution for their needs. And it includes safe deposits and withdrawals. Hence, EcoPayz has been dealing with gambling payments since the beginning.
Ecopayz betting sites are very commonly found in Nigeria. As the company has been around for over two decades, bookmakers trust it. And when bookmakers entrust EcoPayz with your money, you can certainly use it for your transactions as well.
You might already know that e-wallets have charges for every transaction. But EcoPayz has exceptionally low fees when it comes to using it on EcoPayz betting sites. The most notable competitors like Neteller or Skrill have higher fees for the same transactions.
How to Deposit and Withdraw Using EcoPayz?
Making a deposit using EcoPayz is very easy and straightforward. The complex part would be to find an online bookmaker that accepts it. But we’ve taken that out of the equation as well. All you have to do is click on any of the bookmakers you see fit for your needs and open an account.
Here are the steps you need to follow for depositing in EcoPayz betting sites.
- It’s better if you’re already logged in to your EcoPayz account. Don’t have one yet? Wait for the next section where we learn how you can have your own account.
- Choose a bookmaker of your preference and open an account. If you have an account at EcoPayz betting sites, log into it.
- Find the Cashier/Payment/Banking page to see the complete list of options offered by the bookmakers.
- Select EcoPayz as your payment gateway.
- Enter the monetary value you want in your sportsbook account.
- A pop-up should arrive and redirect you to the EcoPayz login page. If you’re already logged in, this step is skipped.
- Now, all there is left for you to do is authenticate the transaction. Follow the steps at EcoPayz.
- As soon as the payment succeeds, you’ll find the betting credits ready to go.
Withdrawals are more or less the same process as making deposits at EcoPayz betting sites. Here are the basic steps.
- Log into your sportsbook account. It’s not mandatory to log into your EcoPayz account for withdrawal.
- From the wide list of withdrawal methods, select EcoPayz to get your money.
- You need to provide the information the bookmaker asks for. Don’t worry because it won’t be any sensitive information like your bank details.
- Wait for EcoPayz betting sites to verify your identity. It might take 1 or 2 days. Once the payment is approved, it will be instantly credited to your EcoPayz account.
How Secure is it to Use EcoPayz in Betting?
When you find an online payment gateway offered by the most major online bookmakers in a country, you automatically get the idea of how secure it is. The same principle applies to EcoPayz. It has state of the art security protocols in place to keep you worry-free.
We can start with encryption. In the internet age that we live in, it’s of utmost priority for everyone to ensure their data safety. We are more vulnerable than ever with all the eyes looking out for opportunities to rob us out of our money.
And that’s where EcoPayz comes in with its encryption. Depending on which browser you use, the transaction details are encrypted using the strongest protocol possible. In most cases, it’s the SSL protocol.
The company also eliminates the need for you to expose your bank details or credit card numbers to the bookmakers. Sure, the bookmakers might be safe as well. But the less you can expose such sensitive information, the better it is for your security.
From what you’ve learned so far, you should have a precise idea about how secure EcoPayz betting sites are in Nigeria!
How to Open an EcoPayz Account?
After what you’ve read, if you are convinced to use EcoPayz betting sites, congratulations on your decision. A wide variety of features and top of the line security protocols are waiting for you.
But the first step is always obtaining the payment gateway. As EcoPayz is strictly an online portal, you can complete the entire registration process from the comfort of your home.
What you have to do in order to get started with EcoPayz betting sites is to visit www.ecopayz.com. You will find both the Sign In and Log In option on the top right corner of the home page. Click on ‘Sign In’.
The next step for you is to fill-up the form. You have to provide a few information including your username, an email address, a password for your account, select your country, the currency you want to use, etc.
There is a separate section for personal information like your first name, last name, birth date, address, source of funds, and phone number. All of it is standard practice in the e-wallet industry.
Your account has been created. Now it’s time to provide some additional information to improve your experience with EcoPayz. Information like your nationality, employment status, employment role, industry are provided in this step.
You are ready to start using your EcoPayz account for EcoPayz betting sites. The dashboard will look like below.
However, at this point, your account is still unverified. You can click on the account settings to start verifying your account. You can also upgrade your account status at this stage as well.
The EcoPayz website is very helpful in this regard. You’ll find the complete list of fees for all services in the Fees section. You’ll be very happy to know that if your bookmaker is an EcoPayz merchant, you don’t have to pay anything extra for your deposits or withdrawals!
But you need to pay fees for funding your EcoAccount or send money to other account holders. The fee structure is different for each tier. The higher up you go, the less you have to pay in fees.
Some of the common fees include 1.69%-6% for credit card deposits, 0%-10% for bank wire transfers, 1.25%-2% for zestPay deposits, and so on. You can visit www.ecopayz.com/en/fees-limits/ecoaccount to know in detail.
Alternatives to EcoPayz
EcoPayz might be an amazing payment gateway for punters. But it’s certainly not suitable for every one of them. And you can be one of the odd members of the group. Or, you might not have enough credit in your EcoAccount to pay the EcoPayz betting sites.
So, what do you do? Well, you use plenty of the other options available for Nigerian punters. All of the methods we are going to list below are tried and tested in EcoPayz betting sites.
Neteller is also a commonly found payment solution in EcoPayz betting sites. It’s an e-wallet with millions of users in the world. Similar to EcoPayz, you can open an account from your home and verify it by providing the necessary information.
Neteller is widely accepted by bookmakers in Nigeria. You can store your money, send funds to friends and family, pay online vendors with it. However, the charges are a little higher when compared to other options on our list.
Skrill is owned by the same parent company as Neteller. It broadly offers its services to European users. But it has a significant presence in Nigeria as well. You can use this online payment gateway at the best EcoPayz betting sites for both deposits and withdrawals.
If you have a credit card ready to go, you don’t need EcoPayz for your betting site transactions. It’s not guaranteed whether a bookmaker will offer EcoPayz or not, but it will surely offer a credit card!
Credit cards are the most common form of betting payment in sportsbooks. You can use VISA, Mastercard, American Express, PayPal, etc. credit cards to fuel your betting needs in Nigeria.
If you have money ready to spare, it’s always a good idea to use debit cards instead of credit cards. With credit cards, you run the risk of going over your credit limit. With debit cards, you can only use the money you have.
The same networks offer debit cards i.e. VISA, Mastercard, and American Express. You can also add Maestro to the mix as well.
Remember Neteller and Skrill? Paysafe Group is the parent company for both. And it has a preloaded card available to purchase for punters. It’s a very good option for deposits because you don’t need any credit or debit cards, not even an e-wallet.
EcoPayz Betting Sites – FAQs
EcoPayz has very good security protocols in place to ensure your safety. If you’ve read the whole post, you would know that it has top-notch encryption, secure servers, and high data security standards to safeguard your money.
You are free to use any of the EcoAccounts you have. From Silver to VIP and everything in between works fine for EcoPayz betting sites.
The higher up you go in the tier, the more you have to verify yourself. For silver EcoAccounts, verifying the email address is enough. But as you unlock higher limits, it gets stricter.
Generally, EcoPayz betting sites don’t charge any extra fees for deposits and withdrawals. But if you send money to other EcoPayz accounts, a little fee is added. The same goes for funding your account with credit cards or bank wire transfers.
When EcoPayz betting sites transactions is declined, it’s mainly due to insufficient balance. Or, the internet might be responsible. You should try a few minutes later. If the issue is not solved, you can seek help from the EcoPayz support team.
EcoPayz deposits are instantly credited to your sportsbook account.
The withdrawals with EcoPayz are also instant. However, the sportsbook needs to verify your identity and might ask you for documents. Once they are certain that you are the owner of the account, you’ll immediately receive the money.
EcoPayz is one of the simplest payment methods you can use. It doesn’t have any complex verification regulations or restrictions. Almost anyone with a valid identity can use EcoPayz. But you can enhance your experience at the EcoPayz betting sites with our tips.
Take Time to Identify
When you’re making deposits using online payment options like e-wallets, there is no room for error. So, you should always take enough time to evaluate your options and the potential of the payment method you choose.
Are you going to use it for both deposits and withdrawals? Are you happy with the fees you have to pay? Will you be eligible for the bonus offers if you use the payment gateway?
Always invest some of your time to find answers to these questions.
Calculate the Fees Beforehand
Just like the other e-wallets, EcoPayz has some fees. But you shouldn’t spend much of your time thinking about it because the fees don’t apply to EcoPayz betting sites. They are mostly for the times when you make deposits into your EcoAccounts and make withdrawals.
We always recommend that you take enough time to understand how the fee works before making a deposit. The fees might also fluctuate depending on different circumstances.
Make Sure EcoPayz is Available
A very common mistake among punters is to forget to check the bookmaker before they make an account. EcoPayz is a very common mode of payment, but it’s not 100% available in Nigeria.
And it would be an inconvenience for you if you didn’t check your bookmaker to see if it offers EcoPayz. If not, you can choose any of the alternatives we have listed above.
Understand the Limits
Being regulated by the FCA, EcoPayz is very strict in terms of security and legitimacy. So, it’s obvious that there is a limit on how much you can deposit or withdraw from your EcoAccount.
The limits vary from account to account. For example, a VIP tier account has a much higher withdrawal limit when compared to Silver.
The same goes for bookmakers. Find out the limits from the terms and conditions pages of the EcoPayz betting sites.
EcoPayz Betting Sites – Summary
In a world full of amazing e-wallets, EcoPayz has proved its worth both to the general consumers and punters. It doesn’t matter which category you fall into, you can use EcoPayz for all your banking needs in Nigeria.
And we’ve spent a lot of our time figuring out which are the best EcoPayz betting sites for you. Don’t let any opportunity slide! Go ahead and start betting on them!