Payz, formerly known as EcoPayz, is a trusted e‑wallet solution widely used in online casinos and sports betting platforms. With its FCA regulation in the UK, support for over 50 currencies, and strong security measures, Payz remains one of the top choices for safe and fast iGaming transactions.
What is Payz?
- Established in 2000 under the brand EcoPayz by PSI‑Pay Ltd. (UK).
- Rebranded as Payz on May 11, 2023 – only the name, logo, and website changed; services remain the same.
- Fully licensed and regulated by the UK Financial Conduct Authority (FCA).
- Supports 50+ currencies, including JPY, USD, and EUR.
- Provides fast, secure, and convenient online transactions.
Why Choose Payz?
Payz is particularly popular in the online gambling industry, and for good reason:
- Accepted by leading bookmakers and casinos such as Bet365, William Hill, and Pinnacle.
- Strong security & FCA oversight ensures reliability.
- Supports Japanese users with multi‑language options.
- Easy account management across multiple betting sites.
- Currency exchange available between JPY, USD, and EUR.
Account Registration & Verification
How to Register
- Visit the official Payz website.
- Enter required details:
- Username (6–20 characters, letters and underscores only)
- Email address (must be different from username)
- Password (min. 8 characters, with numbers & letters)
- Country & preferred language (Japanese may be unavailable after 2023 rebrand)
- Preferred currency (USD is recommended for better exchange rates)
- Add personal information:
- Full name in Roman letters
- Name in Japanese (for identity verification)
- Date of birth
- Address in English format
- Agree to terms, confirm CAPTCHA, and submit.
Verification Process
New accounts are set to Classic level, which allows deposits only. To unlock withdrawals, upgrade to Silver or Gold by completing KYC:
- ID verification: Passport, driver’s license, or My Number card
- Address verification: Utility bill, residence certificate, or bank statement (issued within 3 months)
- Selfie verification: A clear photo of yourself holding your ID plus a handwritten note with today’s date and “for Payz”
Approval usually takes up to 12 hours after documents are submitted.
Membership Levels & Fees
Payz offers different membership tiers with varying fee structures:
| Membership Level | Currency Exchange Fee | P2P Transfer Fee |
|---|---|---|
| Classic | Not eligible for withdrawals | N/A |
| Silver | ~2.99% | ~1.5% |
| Gold | ~1.49% | Free |
💡 Tip: Some promotions grant instant Gold status, lowering fees and unlocking free peer‑to‑peer transfers.
Deposits & Withdrawals
Payz can be used to both deposit to and withdraw from major betting platforms. Typical conditions are:
| Bookmaker / Casino | Minimum Deposit | Deposit Fee | Withdrawal Conditions |
| Bet365 | ~¥1,000 | Free | Standard withdrawal options |
| William Hill | ~¥1,500 | Free | Standard withdrawal options |
| Pinnacle | ~¥1,200 | Free | First withdrawal free, then ~¥1,200 fee |
Payz in the Global iGaming Market
- Canada’s iGaming industry is projected to reach $5.71 billion by 2029, with Payz as a preferred payment solution.
- Users enjoy fast withdrawals (0–24 hours), strong mobile support, and high reliability.
- Leading Payz‑friendly casinos include Duelz, Casumo, and Bet365.
- Main drawback: relatively high transaction fees compared to some rivals.
Best Practices for Using Payz
- Choose USD as your main currency to avoid poor exchange rates.
- Upgrade to Gold as soon as possible for lower fees.
- Prepare verification documents in advance to speed up approval.
- Use Payz to manage multiple bookmaker accounts in one wallet.
Conclusion
Payz is a secure, regulated, and user‑friendly e‑wallet perfect for online casino players and sports bettors. With multi‑currency support, fast transactions, and global availability, it remains one of the most reliable payment options in 2025.
Whether you’re new to iGaming or looking for a safer way to manage your funds, Payz is a top choice worth considering.
