Payment methods play a crucial role in online gambling. Casino game lovers aren't content being able to play their casino games anytime and anywhere. Being able to easily fund their accounts and withdraw their winnings is an essential aspect for many casino players. And New Zealanders are no exception.
As more New Zealanders turn to online gambling, they are looking for convenient ways to fund and withdraw winnings. Many players put such high importance on the convenience of banking methods offered by online casinos, which is why they are turning to digital wallets such as ecoPayz. Here's what you need to know about ecoPayz.
This article was put together with the help of the research team of John Gold from BetPokies.
The Basics of ecoPayz
Ecopayz is one of the oldest e-wallets but was previously known as EcoCard. Launched in 2000, it later renamed itself to ecoPayz in 2013. EcoCard is still around as one of ecoPayz’s online payment solutions.
What makes this digital wallet popular is its ability to provide secure and seamless online payments to many parts of the world including those based in New Zealand. Plus, it supports 50 currencies and is available in over 160 countries.
It’s quite easy to create an account with Ecopayz. Likewise, the process of connecting the Ecopayz account with a bank is hassle-free as well. Users can also spend the money using the prepaid EcoCard MasterCard or directly from the ecoPayz wallet.
Pros and Cons of ecoPayz
Like other online casino payments, Ecopayz has its pros and cons.
Pros
- A quick method for depositing and withdrawing funds from online marketplaces and not just online casino sites.
- Good reputation.
- Easy to use.
- Instant deposits are made to players’ online casino accounts so they can play as soon as possible.
- More than 20 years of existence. Being one of the oldest digital wallets, it has already facilitated millions of online banking transactions.
- The EcoCard solution of Ecopayz adds another layer of convenience since Mastercard issues it.
- Many New Zealand online gambling sites offer special promos for using Ecopayz. These could be in the form of free spins, match deposit bonuses, or reload bonuses.
- Ecopayz uses the latest technologies to protect users’ information. Given its decades-long experience, it already has tried and tested methods and tools in place to protect sensitive data.
- Plenty of online bookmakers also accept Ecopayz as a payment method especially since many online casino operators have incorporated esports and sports betting in their online casinos.
Cons
- Withdrawals from online casino accounts are not instant and can take one to two banking days to be completed. You could be waiting longer if the amount you're trying to withdraw is relatively big.
- Not all online gambling sites accept Ecopayz.
- Various online platforms impose different fees for using Ecopayz. Fees may also change according to the currency being used.
Using ecoPayz on New Zealand Online Casino Sites
It’s quite easy to use ecoPayz for funding your own online casino account. Here’s how.
- Step 1: Open an account with ecoPayz if you still don’t have one. Make sure there’s money in your Ecopayz wallet.
- Step 2: Go to your preferred online casino and head to the cashier or deposit section.
- Step 3: Choose ecoPayz as your deposit method.
- Step 4: Type in the amount you would deposit in New Zealand $ to your online casino account.
- Step 5: Follow the instructions or prompts on your screen to finish the payment process.
Here's how to use ecoPayz for withdrawals.
Withdrawing your winnings using ecoPayz is fairly straightforward as well. Here’s what you’ll need to do.
- Step 1: Log in to your online casino account.
- Step 2: Go to the cashier or withdrawal section.
- Step 3: Choose the amount you’ll be withdrawing from your account.
- Step 4: Select ecoPayz as the withdrawal method to be used and confirm the withdrawal.
- Step 5: Wait for the amount to be credited to your account. It usually takes 24 to 48 hours for the amount to be credited to the accounts and sometimes even more for bigger amounts.
Minimum Payment Amount
Online casinos typically vary on the minimum deposit and withdrawal amount they require for the ecoPayz method. But typically, many online casino sites require the following:
It’s very seldom for an online casino to set a minimum of NZ$10 for withdrawals.
Final Words
ecoPayz is one of the most used digital wallets by online casino players including New Zealanders. It's easy and safe to use and is available on many online gambling sites. Plus, many New Zealand online casinos offer generous bonuses for using ecoPayz.
Its fees, however, may vary from one site to another. But in the end, ecoPayz is worth a try and is growing in popularity among casino players.
Gambling can be both a destructive and addictive habit. If you or someone close to you is suffering from a gambling problem, then you can seek help by calling or texting the Problem Gambling Foundation of NZ 0800 664 262, or text 5819.
