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Overview
With ecoPayz, anyone has access to a fast and secure payment service. Its biggest (and most known) product is ecoCard, which is effectively a traditional pre-paid card linked to your ecoPayz account. ecoPayz is one of the biggest growing payment provider, due to its flexibility and ease of use, and can be considered as an alternative to Revolut or Entropay. You can consider ecoPayz as an online wallet, where you can put money (through a deposit) and then use the money (through ecoCard or a transfer).
Why use something like ecoPayz?
Fintech is on the rise, and we are now seeing a huge amount of companies who offer “bank-like” services online. Why would anyone use something other than a bank?
The answer to that question is one word, privacy. When you make all your purchases using a pre-paid card like ecoCard, all that appear on your bank statement would be transactions from your bank account toward ecoPayz.
The biggest beauty of using ecoPayz is that deposits are processed immediately, without the need of verifying your identity! We all know how much we hate to go through tedious verification process, when we just want to have some fun and play some money. Withdrawals are usually processed within 2 days, but this limitation is usually placed by the casinos themselves, so you can still go for a quick withdrawal if you choose right!
Here, we will outline some use-cases for ecoPayz, where the privacy offered by this payment product is hugely benefitial.
Deposits on online casino with ecoPayz
We all have our guilty pleasures, and even if we’re sure that gambling a small amount every now and again is harmless, we don’t like other people knowing about this (unless we win big!). Gambling online is still considered a social taboo, so the following might be one of your reasons to go for a private pre-paid card:
- hiding transactions from your significant other, in a joint account
- not harming your credit-score, as banks don’t particularly like gamblers
- bypassing restrictions imposed by your bank, which can stop you from playing online
- saving money on exchange rates, when you play on sites with a different currency.
Trading cryptocurrencies
Traditional banks, are still frowning upon people who use their own money to trade cryptocurrency. What makes these assets highly desirable, are success stories of people who have made profits of over 2000%.
So what can you do when you still want to try your luck, but your bank won’t let you? ecoPayz to the rescue! With ecoPayz you can pay in several cryptocurrency exchange site, and cash out your profits back into the same system. You can then also spend your traded gains using ecoCard, or withdraw the money back into your bank account.
ecoPayz vs ecoCard
One of the services offered by ecoPayz is ecoCard, so you can consider ecoCard as a product which is part of the ecoPayz service, which lets you pay anywhere using a physical card. This allows anyone to combine all the benefits offered by the ecoPayz service with the convenience of a standardized debit card.