What is Payz?

Established in 2000, Payz provides payment solutions to merchants and consumers worldwide. It is an electronic wallet service providing safe, secure, convenient, and instant payment services.

The service launched as EcoCard in 2000, and after a few years, it underwent a change of brand name and became ecoPayz. In 2023, ecoPayz became Payz and got a new website and logo. However, it retained its original concept and roster of services.

Payz lets you send and receive payments in 50+ currencies using virtual and physical Payz cards. It is a brand belonging to PSI-Pay Limited.

Here are the basic features of Payz:

  • It is a simple international payment solution enabling you to manage, send, and receive funds in multiple currencies.
  • Fund transfers between two Payz accounts are instant.
  • Payz cards are available in eight different currencies.
  • Payz uses the latest security measures and technologies to protect your transactions, funds, and money.
  • Download the dedicated Payz app for iOS and Android and make online casino deposits and withdrawals on the go.
  • Customer care services are available 24/7 at Payz in case you have issues.

Setting Up a Payz Account

Opening a Payz account involves the following steps:

  • Click on the Open an Account button, and the online registration form will appear on your screen.
  • Start by creating a username and password.
  • Choose your language and currency (ZAR) from the respective dropdown menus.
  • Provide details like name, birthday, physical address, and mobile phone.
  • Check the appropriate box to accept the privacy policy and terms of use.
  • Check the appropriate boxes to receive product updates and special offers through SMS and email.
  • Click Create Account to create a Payz account.
  • Fund your Payz account to use it as an electronic wallet for online casino deposits and withdrawals.
  • You may also apply for a Payz virtual MasterCard and use it at any online casino accepting MasterCard as a payment option.

Benefits of Using Payz at SA Online Casinos

The benefits of making deposits and withdrawals using Payz at SA online casinos are many, and here are some of them:

  • Fast Transactions:

    Payz deposits and withdrawals are fast. Deposits are credited instantly, while withdrawals typically reach your Payz account within 24 hours.

  • Available Worldwide:

    Payz is an international payments service, so most online casinos offer it as a payment option.

  • Payz Cards:

    You may apply for a virtual Payz MasterCard and use it at any online casino that accepts MasterCard as a funding option.

  • Safe and Secure:

    Payz uses advanced encryption technologies and security measures to protect user privacy, data, funds, and transactions.

  • Support for Deposits and Cashouts:

    You can use Payz for both deposits and withdrawals at online casinos.

  • Bonuses & Promotions:

    Payz-friendly casinos for South African players often offer generous bonuses and promotions.

Disadvantages of Using Payz at SA Online Casinos

Using Payz as a casino payment method has many advantages, but it is far from a perfect payment solution. Payz has the following drawbacks as well:

  • Limited Card Services:

    Payz physical and virtual MasterCard cards are available only in eight currencies.

  • Time-consuming Verification Procedure:

    Payz has a lengthy verification process that many users may find frustrating.

  • Limits:

    Payz sets limits on deposits and withdrawals, which may not suit high rollers making large transactions.

  • Fees:

    While casinos may not charge fees, Payz applies processing, transaction, and currency conversion fees. However, these fees may reduce as you progress through higher VIP levels.

  • Unavailable at Some Casinos: Not all South African casino sites support Payz as a payment method.

Payz is an excellent casino payment method for SA online casinos seeking safe, secure, fast, and anonymous transactions. Simultaneously, you must consider drawbacks like fees and difficult verification procedures before deciding to use Payz.