What is ecoPayz?
PSI-Pay Ltd, the company responsible for the service, was founded in 2000. Their original e-payment service was launched later the same year, under the name EcoCard. It is therefore one of the oldest e-payment systems in Europe.
Psi-Pay Ltd is a United Kingdom based company, with its headquarters based in Horsham in West Sussex. It is responsible for the employment of around a hundred people.
The History of ecoPayz Casinos
Although the payment service is one of the longest running e-payment services, it is by no means one of the best known. Its growth has been sluggish in comparison with many of its rivals. Indeed, it continues to struggle to match the popularity and performance of other United Kingdom and European based payment systems. In fact, many people are surprised to hear that it actually is a UK based service, assuming it to be of continental European origin.
Nevertheless, after an unspectacular launch period, a major step forward came in 2008. This was when the company was authorised by the UK government’s Financial Services Authority (FSA) to issue its own electronic money.
As a result of this progress, PSI-Pay Ltd saw a steady increase in revenue and profits and the EcoCard service started to increase in popularity. This process received a further boost when the service became the very first e-payment to launch its own iPhone app. The only way seemed to be up, especially when a new business account was introduced in 2011. This provided businesses with a practical way to make salary and expense payments to employees based overseas.
In 2013, the service received a radical re-brand. It was at this point that the e-payment was renamed ecoPayz. All related services, including the credit card and business payment service were similarly re-branded. As part of the relaunch, the company also introduced new software enabling its website to be accessed by smartphone users. A fully functioning app was introduced before the end of the year – again one of the first e-payments to do so.
The ecoPayz software and service has seen regular upgrades over the succeeding years. The most important of these was the release of a new mobile app phones using the Android operating system. This meant that the vast majority of smartphone users now had seamless access to the ecoPayz service.
Despite all these regular improvements and enhancements, ecoPayz remains one of the least well known e-payments in the United Kingdom. Indeed, the holding company operating the service has been struggling of late. In a financial statement, released for December 2018 (the last year for which figures are available at the time of writing) full calendar year figures show a drop in income from over £8 million the previous year to less than £7 million. This represents a fall in income of around 17%. Profits were also down – by almost 50% to less than £1.2 million.
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ecoPayz is a fast and secure e-payment system which enables payments to be made for goods and services online quickly and conveniently. It can also be used to transfer money both within the UK and overseas.
It’s easy to get started, and there are no charges for opening an account. You don’t need a linked bank account either. This makes it very convenient for people who do not have conventional banking arrangements, or cannot access a bank account in the UK. The UK government’s regulations make it very difficult to open a current account without a variety of identification and proof of residence documents which many people do not have. These include temporary workers and people without a permanent address.
It is also useful for people who have a poor credit record. ecoPayz is a pre-payment service, not a credit account, so no credit checks are required before opening.
You can top up your account in a variety of ways – whichever is most convenient for you. These include via your online banking service, bank transfer, credit or debit card, or through some local services such as neighbourhood stores and post offices.
To make a payment using ecoPayz, just look for the link at any online store check-out or website Banking page. There are no charges for making a payment using ecoPayz. The only exception is if there is any kind of currency exchange involved. In this case, there is a fee to pay, which can vary according to the type of account you hold. The charge will typically be between around 1.5% and 3%.
Instead, there are fees to pay when loading or withdrawing cash from your ecoPayz account. These vary widely depending on the type of deposit and withdrawal, and also by the type of account you hold. It’s best to check the applicable rate first before deciding which method to use. There is also an additional monthly charge of €1.5 if your account is unused for more than a year.
The service is available in over 150 countries, and it operates in more than forty currencies, so arranging international money transfers should be easy wherever you are, and wherever in the world you want your money to go.
How do ecoPayz Casino Sites Work?
ecoPayz is a fast and secure e-payment system which enables payments to be made for goods and services online quickly and conveniently. It can also be used to transfer money both within the UK and overseas.
It’s easy to get started, and there are no charges for opening an account. You don’t need a linked bank account either. This makes it very convenient for people who do not have conventional banking arrangements, or cannot access a bank account in the UK. The UK government’s regulations make it very difficult to open a current account without a variety of identification and proof of residence documents which many people do not have. These include temporary workers and people without a permanent address.
It is also useful for people who have a poor credit record. ecoPayz is a pre-payment service, not a credit account, so no credit checks are required before opening.
You can top up your account in a variety of ways – whichever is most convenient for you. These include via your online banking service, bank transfer, credit or debit card, or through some local services such as neighbourhood stores and post offices.
There are no charges for making a payment using ecoPayz. The only exception is if there is any kind of currency exchange involved. In this case, there is a fee to pay, which can vary according to the type of account you hold. The charge will typically be between around 1.5% and 3%.
Instead, there are fees to pay when loading or withdrawing cash from your ecoPayz account. These vary widely depending on the type of deposit and withdrawal, and also by the type of account you hold. It’s best to check the applicable rate first before deciding which method to use. There is also an additional monthly charge of €1.5 if your account is unused for more than a year.
The service is available in over 150 countries, and it operates in more than forty currencies, so arranging international money transfers should be easy wherever you are, and wherever in the world you want your money to go.