Established in the UK in 2000, Payz, or Payz has been in business for two decades now, serving millions of clients globally. The brand name Payz is owned and operated by Psi Pay Limited, licensed by the Financial Conduct Authority to provide electronic payment services.
Payz's two-decade stay in the online payment industry makes it a true pioneer in the digital wallet landscape. This e-wallet was initially launched under the name ecoCard, focusing on processing online payment using the écocard for maximum security and confidentiality. Having added a number of features and financial products, it rebranded to Payz as it is known today. The financial services offered by Payz today include:
- Payz Business Account
- Virtual card
- Payz Merchant Account
Today, Payz stands out as one of the leading e-wallets service providers in the world. It prides itself on offering "instant, safe, and convenient financial services across the globe." For a fact, Payz enjoys a huge following in the online gaming industry.
It is also worth noting that this payment method is particularly popular in new casinos online that officially accept Payz as a gambling payment method. This online casino payment method is particularly popular in Canada, Australia, and Germany, which have it as an official payment method.
Depositing at a new online casino that accepts Payz should be a seamless undertaking. Before making a deposit, new users should start by heading over to the official Payz website and signing up for an account. This process can only be successful upon submission of the required personal and financial details, along with accepting the terms and conditions.
Upon successful certification, users should head to a new Payz casino of their choice. The user only needs to select the Payz options at the casino and then enter the amount to deposit. This would then see them redirected to the Payz website to validate the payment using their credentials (know your customer (KYC) information).
Deposit timeframe and limits
The time taken for a deposit to reflect in the Payz account usually depends on how the user deposits their funds. Normally, deposits using credit and debit cards should be instant. Those made using wire transfer can take relatively longer, say up to five days.
When transferring funds to new online casinos, deposits should be instant. However, it is worth noting that this duration is usually pegged on the casino's internal policies. But overall, most casinos will have the funds available as soon as they are deposited.
Usually, there are no limits set to players making deposits using Payz. The casino is the one that sets maximum deposit limits in most instances, but Payz will not. All that is needed from the merchant's side are KYC checks to validate the transaction.