EcoPayz was established in the UK in 2000 by PSI-Pay Ltd and it’s a global online wallet that operates in more than 160 countries. Lately, it is becoming an increasingly popular payment method for bettors in India. It is a reliable option for fast deposits and withdrawals, while at the same time, it allows players to be eligible for welcome bonuses and offers a great VIP program. In terms of privacy, funding your account can pass under the radar.
EcoPayz is 100% legal in India and authorized by the British FSA (Financial Services Authority). It is straightforward to set up a new account and also allows you to choose INR as your currency. In the following sections, we take a closer look at every aspect of ecoPayz, such as:
- A detailed guide of the top bookmakers that offer ecoPayz in India
- Why ecoPayz in India is a good choice for you
- Information about how to deposit and withdraw
Bookmakers that Offer EcoPayz in Indian Rupees
Below you can check our top-rated bookmakers that accept ecoPayz in India and offer many benefits for bettors. Sign up offer eligibility, high cricket odds and INR acceptance are among its top traits to make the most of your betting activity.
Why you should bet with ecoPayz in India
Any player has a multitude of reasons to choose ecoPayz in India. Speedy transactions, a VIP rewards program and great customer support service are some of them.
✔ Easy transfers: It is simple and easy to deposit with ecoPayz to your favorite bookmaker. At the same time, the possibility of rejection is close to zero for any transaction.
✔ Welcome Bonus eligibility: Betting sites that accept ecoPayz in India do not exclude you from claiming a bonus. On the other hand, other e-wallets like Skrill or Neteller are usually excluded from sign up offers and promotions.
✔ Safety and security: The two-factor authentication gives a sense of security. Also, every time you proceed with a transaction to bookies that offer ecoPayz, an OTP will be sent to your registered phone.
✔ Great customer support: The service is available 24/7. You can contact them through the phone in the English language but also through live chat. On ecoPayz India support, you will easily find answers to any kind of questions.
✔ Player to player transactions with no fees: Through ecoPayz, you are able to transfer amounts to a friend without any fees. Even if you would like to transfer money abroad, you can do so with zero fees, which can be considered a significant advantage.
✔ Under-the-radar activity: EcoPayz doesn’t share your personal banking details with a third party. So it’s a big advantage that your betting activity is unreachable by the local authorities.
✔ VIP program: For constantly active players, a VIP program gives exclusive privileges, including free money transfers and low currency conversion fees.
✔ Mobile app: A free mobile app, allows easy and quick transactions. Easy to use and with a nice design, you can utilize it to gamble on the go. It is available for Android and iOS devices.
Drawbacks of betting with ecoPayz India
Like any other online payment method, ecoPayz comes with some disadvantages, such as high conversion fees and KYC procedure when players withdraw big amounts.
❌ Limited availability at bookmakers: Despite the fact that ecoPayz has become popular among bettors, many bookmakers in India still don’t accept it.
❌ EcoPayz card is not available: ecoCard is only available to residents of the EEA for now. Moreover, the same applies to the ecoVirtualcard, which is also not available for Indian players.
❌ KYC needed for large withdrawals: When you proceed with a withdrawal and the amount is high, your bookmaker will probably ask you for more personal information before it releases the amount.
❌ Withdrawal fees: Unlike other wallets like Neteller or Skrill, you may have to pay some fees when you proceed with a withdrawal. The amount depends on the betting site you opt for.
Is ecoPayz safe in India?
EcoPayz could be considered as one of the safest payment methods in India. Your personal banking details are safe since ecoPayz doesn’t share this kind of information with your bookmaker. When you connect to your account, you have to set your password first. Remember that it features two-factor authentication, so every transaction is secure since you will receive an SMS with an OTP (one-time password) to proceed with your payment.
Is ecoPayz legal in India?
Ecopayz is owned by PSI-Pay Limited and regulated by the FCA for electronic money transactions. The gambling law in India remains complicated but ecoPayz is a wallet used around the globe, so it is totally legal to use it for your gambling activity in the country. Plus, it allows you to transfer money to your bank account without any issues.
How to Bet with EcoPayz India
If you wish to bet using ecoPayz in India, you have to open an account first. Creating an ecoPayz account is a quick and straightforward procedure. You just need to follow the steps below:
- Visit ecopayz.com and select the "Sign up" option.
- Fill in your personal user details, like your username and your email address, choose your password and select language, country and currency.
- Provide your personal information like your full name, address and phone number.
- Click on "Create account” and verify your account.
That’s it. Since you have completed these steps, your account is ready and verified. You can now proceed with a deposit on your favorite bookmaker.
How to deposit with ecoPayz in Rupees
Once again, the whole procedure is really simple and fast:
- Login to your favorite betting site
- Click on the “Deposit” option
- Select ecoPayz as your payment method
- You will be redirected to your ecoPayz account
- Provide the mandatory details and confirm the payment
You will receive an OTP (one-time password) in your registered mobile number after you press the “confirmation“ button. Fill in the code that you’ll receive and authenticate your deposit.
How to withdraw money from ecoPayz in India
If you’re wondering how to withdraw money from ecoPayz in India, it’s easy if you follow the steps below:
- Log into your bookmaker’s site and click the “Withdrawal” tab
- Choose ecoPayz from the list of withdrawal options
- Select your desirable amount
- Click on the “confirm” button and complete the procedure
You will also receive an OTP on your phone to ensure that you are the one who asked for this transaction. Usually, it takes 1-3 days to receive the amount on your ecoPayz account.
Does ecoPayz in India come with fees and limits?
Betting with ecoPayz has some applicable fees and some extra charges. More specifically:
When you deposit to your ecoPayz account via bank transfer, the fees will be from 0 to 7%.The exact percentage depends on the bank that you're dealing with. If you're transferring money through your credit card, fees are from 1.69% to 6%, depending once again on your bank, but also from the provider of your card (i.e. Visa or Mastercard). On top of that, there is an extra fee of INR 22.
Regarding ecoPayz India withdrawal fees, if you want to send money to your bank account, the fees are between 4-5% depending on the bank. The processing time is up to 3 business days. In case you would like to transfer your money to an international bank account, then fees will be INR 900 and the processing time is up to 5 business days. You are allowed to proceed with only one international transaction per day and the maximum amount is INR 500,000.
ecoPayz India compared to other payment methods
Even though ecoPayz is a good choice for an Indian player, it is good to have an alternative when you are betting online. Below you can take a closer look at how it matches up to other payment options in India.
ecoPayz vs Paytm
Paytm is one of the biggest wallets in India, with over 350 million users and it is designed exclusively for Indian players. Paytm app is easy to use and gives you many ways to deposit on your account. Moreover, you are able to connect your Paytm account with other wallets like Skrill and Neteller. Although it applies high withdrawal fees (4%), if you deposit more than INR 10,000 in a month to a Paytm account, only 2% fees will be levied.
ecoPayz vs Skrill
Skrill is one of the most popular payment methods for funding an account on an online betting site. It is widely accepted by bookmakers and allows betting with rupees. However, you are not eligible for a welcome bonus or even for some promotions when you bet through Skrill. On the other hand, bookies that support ecoPayz in India offer you great promotions most of the time. If you want to send your money to your bank account, fees could be up to 7.5% per transaction when using Skrill and are much higher than using ecoPayz.
ecoPayz vs Neteller
Neteller is also a famous e-wallet among bettors. Most Indian bookies accept payments through it, but players are excluded from welcome bonuses and promos most of the time. When you deposit to your Neteller account, fees are from 1.90% to 4.95% if you are depositing through Visa, Maestro & Mastercard and 7% through Paysafecard. If you want to send money to your bank account, fees are 2.5%.
Final word on ecoPayz India by Book Spy
Bookmakers that offer ecoPayz in India have lately become a good choice for any local bettor. Welcome bonus eligibility and free player-to-player transfers are some of its great benefits. Moreover, easy & fast payments and its high-quality customer support department give players a sense of security.
Nonetheless, there are still many Indian bookies that don't accept ecoPayz as a payment method. The fact that you can deposit to your ecoPayz account only through bank transfer or your credit card could be considered a disadvantage. Furthermore, an Indian bettor is not able to use the ecoCard or even the ecoVirtualcard.
To sum up, ecoPayz could be considered a good choice for any player. Under-the-radar activity and betting in rupees are some of its most significant advantages. However, the processing time of withdrawals could be slow, when on other wallets, like Skrill or Paytm, a withdrawal could be completed on the same day.
Complete list of bookmakers accepting ecoPayz
Speedy transactions, low fees and INR availability are some major benefits of betting with ecoPayz. So, choose the bookmaker that best suits your needs from the list below and proceed with your deposit.
EcoPayz is safe and legal in India. Since it is an online wallet, it isn't affected by local laws and allows gambling activity to players. In recent years, more and more betting sites accept it as a payment method.
Like any other method, ecoPayz comes with fees that depend on the way you deposit to your account but also from your bookmaker.
For the time being, you are not able to use an ecoPayz card or ecoVirtualcard if you are in India. They are only available for residents of countries in the EEA.
EcoPayz card accepts almost 45 different currencies. Indian rupees are among them and also you have the opportunity to exchange in all other currencies if you want to.
For now, you are not able to connect your ecoPayz account with other e-wallets like Skrill or Neteller. You are only able to connect it with your bank account or with your credit card.
There are many decent betting sites that offer ecoPayz as a payment method, as well as a wide array of cricket betting options. However, 22bet and 1xBet are considered the absolute best, since they come with 150+ markets per event