Using Payz for Deposits and Withdrawals in Online Casinos

Smooth and fast payment transactions represent important preconditions for a pleasurable online casino experience. E-wallets have already been part of the iGaming sector for quite some time, due to being simple to use and rapid to process.

Although they are more or less the same, they come with a different set of advantages and disadvantages. Most often, the positive aspects outnumber the negative ones, making it even more difficult for players to determine which one fits them the most.

A fantastic selection of currencies, multi-lingual support, and great mobile phone optimization are just some of the qualities of Payz, which is why this payment provider quickly established itself as one of the global leaders.

Introducing Payz

Don’t let the name confuse you, as Payz has been in the payment sector for quite some time. Running business since 2000, the platform used to operate under a different name- EcoCard. As the industry itself was evolving, introducing consumers to new tools and options, the company decided to rebrand to ecoPayz in 2013.

Over time, the assortment of tools and services expanded, which resulted in another rebranding in 2023-this time to Payz. The new name, logo, and website have brought a set of innovations and even more convenient transactions to clients globe-wide.

To become a Payz user, a client should fill in a simple form, and leave a couple of basic data. If they verify their identity, their status is upgraded to Silver. The account levels include Classic, Silver, Gold, Platinum, and VIP. Members with certain statuses can apply for Payz Mastercard and enjoy even more convenient transactions. Linked directly to Payz account, this card can be used for online purchases, and withdrawals from cash machines worldwide.

Payz account can be funded using a variety of payment options such as credit cards, bank transfers, e-wallets, or e-vouchers. Silver and higher accounts can also transfer funds via mobile devices.

Is Payz Complicated to Use for Deposits and Withdrawals in Online Casinos?

In short, not at all. As a matter of fact, it works more or less like any other e-wallet, so even consumers who are presented with it for the first time and absolute beginners won’t have trouble using it to fund the account and cash out.

Once you access the casino website (register or log in), visit the cashier and look for Payz among available deposit methods. Some casinos have predetermined amounts a player can select, while others simply present them with the designated field where they are supposed to enter the sum.

This transaction is processed instantly (within a couple of seconds or minutes), enabling a consumer to immerse in their favorite slot games, test their skills with all-time popular table games or check out any other game they want.

Withdrawals are equally simple as deposits. All it takes is to type in the amount you wish to cash out and press “Withdraw”. In case the operator applies commissions on cashouts, the sum will be indicated before the transaction is processed.

Payz itself imposes versatile fees, depending on the type of transaction, and the account level. Detailed insight into these additional costs is available on Payz’s official website.

Being a globally-acclaimed brand, Payz supports a multiverse of currencies, namely EUR, GBP, USD, ARS, AUD, BAM, BGN, BRL, CLP, CAD, COP, CHF, CNY, CRC, CZK, DKK, GEL, GHS, HKD, HUF, IDR, ILS, INR, ISK, JPY, KES, MDL, MOP, MYR, MXN, NGN, NIO, NOK, NZD, PAB, PEN, PHP, PLN, RON, RSD, RUB, RWF, SEK, SGD, THB, TZS, UAH, UYU, UZS, XAF and ZAR.

If interested in claiming bonuses, players should also check whether deposits using Payz are eligible for bonuses and promotions. Most commonly, consumers who fund the account using Skrill and Neteller cannot claim bonuses, but the best would be to take a look at the rules and eliminate all the doubts.

What Are the Advantages of Using Payz?

Some e-wallets work with deposits only, so players are often in doubt about what to do when the time comes to request a withdrawal. With Payz, those problems won’t exist, as this option works for both types of transactions. Needless to say that this is one of the key reasons why Payz established itself as a top choice.

As listed in the previous section, the Payz account is available in an amazing selection of currencies. This is another detail that confirms their customer-centric philosophy and a strong desire to maintain global popularity.

Other prominent qualities include:

  • Excellent performance on major browsers
  • Apps for Android and Apple devices
  • Possibility to apply for Mastercard
  • 24/7 multi-lingual support

On top of everything, security should not be among the concerns either, as this forward-thinking payment platform is PCI DSS-compliant. Also, all transactions are automatically encrypted through the Secure Sockets Layer protocol or its successor Transport Layer Security protocol, ensuring sensitive data remain fully protected.

Does Payz Have Disadvantages?

Talking about payments, fees and limits represent the two most common reasons why consumers select one method over another.

When transferring funds via Virtual IBAN / Account, consumers can expect a fee of 2.50 EUR / 1.00 GBP, while costs for bank transfer vary between EUR 5.90-10.00 (slightly lower for VIP members). codePayz deposit comes with an additional cost of EUR 3.50. Check the official site for more details on fees.

As for the deposit and withdrawal limits, they vary depending on the customer’s account status, the type of transaction, and the selected payment method. Minimum per transaction ranges between EUR 5 to EUR 30, while the max can go as high as EUR 1,000,000.00 for bank transfers. Yet, this limit is imposed by Payz itself, it has nothing to do with the casino’s min and max limits for deposits and withdrawals.

Although some of these fees may be slightly higher (or unnecessary, if you ask players), Payz is still a brand that ensures hassle-free payments, fantastic options, flexibility, and multiple benefits to its clients. Before using it to fund the account and withdraw from online casinos take time to read the specific rules on fees and limits.

Gamble responsibly!

By Aleksandra Zolotic