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EcoPayz UK – How to Open an Account and Deposit Guide

In this guide, you will see how to use EcoPayz in the UK and find out the numerous advantages associated with using this payment option when adding funds to an online casino or forex broker account.
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Author: Andrew O'Malley

Last Updated: September 16, 2020

If you want to use a payment option that is safe and easy to use, EcoPayz is definitely an option to consider for people in the UK. This guide looks at why EcoPayz is a good option for you, walking you through the steps of setting up an EcoPayz account, adding funds to it and using these funds to add money to an online casino or forex broker account.

EcoPayz has been in the digital payments sector since 2000 and it is regulated by the respected UK Financial Conduct Authority (FCA). As you will see, EcoPayz helps protect your sensitive financial data, as well as being simple and quick to use.

Table of Contents

    Why use EcoPayz?

    EcoPayz is a respected member of the digital payments space for many years. It offers users the ability to conduct global transactions in a convenient, safe and instant manner. It has used its experience in the space over the years to regularly innovate and improve its offering. It is committed to providing the best customer experience as possible.

    Safe and Secure

    The core benefit to using EcoPayz as a payment option when funding an online casino or a forex broker account is that it is a safe and secure payment option.

    As your funds are already loaded onto your EcoPayz account, you do not have to share any of this sensitive data with the third-party merchant you are making a payment to. This rules out the chance that your data will fall into the wrong hands if transactions via this third-party are not secure or the storage of this data is compromised.

    All transactions involving EcoPayz are properly encrypted using SSL protocols or Transport Layer Security protocol. If EcoPayz has any private information for your account, this will be kept on hardware that is physically separate from other hardware in a highly secure area.

    Easy and Quick

    There are many ways to instantly add funds to your EcoPayz account. This will see these funds credited instantly, allowing you to then quickly add funds to an online casino or forex broker account.

    You can use a variety of different currencies and send payments across the world in a matter of seconds. There is no need to have a bank account and there are no credit checks when using EcoPayz. All in all, it is a headache-free experience from start to finish.

    Step 1: Open an EcoPayz UK Account

    Once you have decided to use EcoPayz as a payment option when funding an online casino or forex broker account, you will need to set up your new EcoPayz account. Go to the EcoPayz website and select the ‘Registration’ menu option.

    You will then need to fill a form with key info such as full name, address, date of birth, phone number and select a password and username for this new account. You will also have to agree with the EcoPayz terms and conditions before proceeding.

    ecoPayz registration

    After signing up for an account, you will need to enact two-factor authentication. As an extra security feature. You will have a code sent to your email address that needs to be entered into EcoPayz. You will then have a choice of options for his two-factor authentication.

    ecoPayz two-factor

    Step 2: Fund Your EcoPayz Account

    Once you have set up your EcoPayz account, you will be able to add funds to this account. You have a few different options to choose from in this regard. Simply select an option, enter how much you want to deposit, what currency you wish to use and enter the relevant details for your chosen payment method.

    ecoPayz deposit

    Step 3: Select Your EcoPayz Casino or Forex Broker

    Once you have funds in your EcoPayz account, you will be able to select an online casino or forex broker that fits your needs and preferences. While there are many great options in the market today, we have handpicked two of the best options in the space.

    1. 32Red Casino - Best Online Casino for EcoPayz in the UK

    32Red Casino has a lot of history in the online casino space, being one of the frontrunners in the industry since launching in 2002. Over the years, it has learned a lot about what customers are looking for in an online casino and has made improvements in line with these needs.

    Microgaming is the provider of the software for this casino, with most of the slots titles coming from this quality developer. You will also have a couple of other developers such as Big Time Gaming also providing games. You have countless slots options to choose from, catering to all tastes and needs. Everything from classic slots to ultra-modern 3D slots can be played. The gameplay experience is very smooth and is just as good on mobile as it is via desktop.

    Table game fans are well catered for, with a selection of niche games also on offer for you to try out. For fans of progressive jackpots, you have plenty of options, some of which carry seven-figure jackpots. If you like playing live dealer casino games, you are in luck, there are more than a couple of dozen different live dealer games to check out.

    As well as the casino offerings, there is also a sportsbook, bingo and poker platform as part of 32Red’s online offering. For new players, there is a 150% deposit bonus, giving you access to bonus funds of as much as £150 if you max out this offer.

    Overall, 32Red Casino ticks all of the boxes for an online casino. You will have endless hours of fun.

    Our Rating

    • Great selection of quality games
    • Well-stocked live dealer casino
    • Customer support contactable 24/7
    • Significant deposit bonus
    • Only a handful of software providers
    Significant Terms: New accounts only. Min. £10 deposit, debit card only. Up to 50x wagering, game contributions vary, max. stake applies, 7 day expiry. See full terms.

    2. eToro - Best Online Forex Broker for EcoPayz in the UK

    eToro has a great reputation in the online forex broker space that it has cultivated since first launching in 2007. It is a trusted broker, having regulatory approval from leading bodies all across the globe, including the FCA in the UK.

    The main focus of this broker is on forex and CFD trading. However, you also have the ability to trade a variety of stocks, ETFs and cryptocurrencies. A lot of people enjoy the social trading aspect of eToro. This allows you to copy the trades of another trader on the platform. It can allow beginners to learn the ropes by watching what moves more experienced traders have been making and seeing success with that given approach.

    The forex trading fees are about par for the course when compared to other brokers, while the CFD trading fees are a lot lower than others in the space. You can use the trading platform with ease, being very user-friendly. However, more advanced traders may not enjoy the lack of customization options.

    There is also a bit of a deficit in the research department, but this will not be a concern for most traders. The support team can be contacted to resolve any issues in a quick and efficient manner also. Overall, eToro is an ideal option for most types of traders.

    Our Rating

    • Forex, CFD and cryptocurrency trading
    • Competitive fees
    • Great social trading feature
    • Trading platform is very user friendly
    • Lack of customization options

    Step 4: Fund your Casino or Forex Broker Account

    When you have chosen an online casino or forex broker to sign up for, you will be ready to complete the registration process and add funds to this account using EcoPayz.

    For 32Red Casino

    To create a new account with 32Red Casino, you will need to click ‘Register’ and fill in the form with personal info such as full name, address and date of birth. After selecting a username, password and agreeing with the terms and conditions, you will have your new account ready to go. Before you will be able to withdraw any funds, you will need to verify your identity by providing proof of ID and proof of address. This is a required step for online casinos today and it is best to do this step right off the bat.

    Now that you are ready to add funds using EcoPayz to your 32Red account, select the ‘Banking’ menu option. You will then see the variety of deposit methods on offer.

    32Red Casino deposit options

    Select the EcoPayz option, specify how much you wish to deposit and enter your EcoPayz account details. These funds should process into your account instantly. Make sure that you enter a relevant welcome bonus code when making this deposit bonus to activate the offer.

    32Red Skrill

    For eToro

    To sign up for an account with eToro, go to the website and click ‘Sign Up’. Fill in the personal info and agree with the platform’s terms and conditions. Once you have done so, select the ‘Deposit Funds’ option on the menu. You will then see the various options that are available for you to use. When making your first deposit, you can only use a wire transfer, PayPal, debit card or credit card.

    EcoPayz eToro

    For all subsequent deposits, you are able to use EcoPayz. Select the EcoPayz option, specify how much you wish to deposit and enter your relevant EcoPayz account details and these funds will be added to your new account instantly.

    Step 5: How to Withdraw Your Funds

    If you have won some nice bets through your online casino play or made some profitable trades through your forex broker account, you may want to withdraw some funds to your EcoPayz account.

    For 32Red Casino

    Go to the ‘Banking’ section and select ‘Withdraw’. You will then see your available withdrawable balance and the different methods you can use to remove funds from 32Red Casino. Select the EcoPayz option, specify how much you want to withdraw and your EcoPayz account details. After 32Red Casino processes this withdrawal request, the funds should hit your EcoPayz account in a matter of hours.

    32Red Casino withdrawal

    For eToro

    To withdraw funds from your eToro account, select the ‘Withdraw Funds’ menu option. You will see the balance available for you to withdraw. Select the amount you want to take out and use EcoPayz as your withdrawal method. Enter your EcoPayz account details and confirm the transaction. Once eToro has approved this withdrawal, the funds should reach your EcoPayz in just a few hours in most cases and nearly always within 24 hours.

    Step 6: How to Withdraw From EcoPayz to Your Bank

    If you want to withdraw funds from EcoPayz to your bank account, simply go to your EcoPayz account and select the withdrawal option. Choose a bank withdrawal and enter the relevant bank details for this transaction and how much you want to withdraw. There is usually a minimum allowable withdrawal of £100. Once this request is processed, it can take up to five working days for the funds to reach your bank account.

    EcoPayz Fees & Other Expenses

    Naturally, there are going to be some fees and expenses that you need to consider when it comes to using EcoPayz. There are five different tier levels to an EcoPayz account, with the fees changing depending on your account level. For classic tier users, registration is free.

    For deposits, a bank wire will range from being free to having a fee of up to 8.5% depending on your bank. A credit card deposit will also carry a fee of at least 1.69%, rising depending on the card provider. Western Union and codePayz deposits are free. Bank account withdrawals will have a fee usually between £5 and £9, with the currency conversion fee for the more basic accounts being 2.99%.

    Conclusion

    As you have seen, there are a lot of great benefits to using EcoPayz as a payment method for adding and withdrawing funds from an online casino or forex broker account. The process from start to finish is extremely easy and you can be confident that your data and funds are always safe and secure.

    Our Recommended EcoPayz UK Casino

    Our Rating

    32Red Casino Payment Methods
    • Large Selection of Quality Games
    • Extensive Live Dealer Casino
    • Customer Support Available 24/7
    • Great Welcome Bonus
    32Red Casino Payment Methods
    Significant Terms: New accounts only. Min. £10 deposit, debit card only. Up to 50x wagering, game contributions vary, max. stake applies, 7 day expiry. See full terms.

    Our Recommended EcoPayz UK Forex

    Our Rating

    • Supports social trading, copy trading and copy portfolio features
    • Trade on the go via the eToro mobile trader
    • Highly transparent fee structure
    • A wide range of advanced trading tools and analytics

    FAQs

    What to do if you forgot your EcoPayz password?

    If you have forgotten the password to your EcoPayz account, you will need to take part in the password recovery process, following all of the relevant instructions to verify that it is in fact you who is looking to reset the password.

    How do you upgrade your account from classic to silver level?

    You simply have to verify your identity by providing proof of identity and proof of address.

    What are the main deposit methods to add funds to your EcoPayz account?

    You can use a credit card, debit card, local deposit option or make an international bank transfer.

    How quickly do EcoPayz deposits to an online casino or forex broker process?

    Deposits will usually always be credited to your respective online casino or forex broker account instantly when you are using EcoPayz.

    All trading carries risk. Views expressed are those of the writers only. Past performance is no guarantee of future results. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site.
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    Andrew has been writing about the gambling industry for more than five years, covering everything from sports betting to casinos and poker. With the sector constantly evolving, he loves nothing better than staying up to date with the latest movers and shakers in the space.