Bookmakers Payz

What is Payz?

Payz is a digital wallet, the one that bookmaker cashiers listed as ecoPayz until 2023. You load it from a card, a bank transfer or an ecoVoucher and pay the bookmaker from the wallet with your Payz username and password, so the bookmaker never sees your card or bank details. Winnings come back into the wallet, and from there you send them to your bank.

It opened in 2000 as EcoCard, became ecoPayz and took the Payz name in 2023, keeping the same accounts and logins. The brand belongs to PSI-Pay Ltd of Horsham, West Sussex, authorised by the UK Financial Conduct Authority as an electronic money institution (reference 900011): customer money is kept apart from the company’s own funds and an independent auditor checks it every year. The wallet handles more than 50 currencies.

What matters before you deposit is the system of account levels: Classic, Silver, Gold, Platinum and VIP. The level sets the fees, the limits and which operations you may do. Classic, the level you get at sign-up, has a lifetime limit of €2,500 and no bank withdrawals; Silver comes with identity verification, the three levels above with the volume you move to merchants.

How to open a Payz account

1. Sign up on payz.com or in the app. Registration is free and the account starts at Classic level. Check first that your country is in the list on the fee page: the United States, Canada, Japan, India and Turkey are not.
2. Verify your identity to reach Silver. Upload a passport, identity card or photo driving licence, a proof of address dated within three months and a selfie; Payz says it checks them within two business days. Do it before your first withdrawal: a Classic account cannot send money to a bank or, by the limits table, receive it from a merchant.
3. Choose the currency of your bookmakers. Classic holds one currency, Silver and above up to ten of more than 50. Every transaction in another currency costs 2.99% at Classic and Silver, 1.49% at Gold and Platinum, 1.25% at VIP.
4. Load the wallet. A card costs 1.69% to 6% plus €0.25 depending on the country, a bank transfer between nothing and 10%, a transfer to your Payz virtual IBAN €0.50 (Silver and above), an ecoVoucher 2.90%. Card loads stop at €200 a day at Classic and €3,000 a day at Silver.
5. Pay the bookmaker. Choose Payz, or ecoPayz where the cashier still uses the old name, enter the amount, then your Payz username and password. Payz charges nothing for transfers to a merchant and the money is on your betting account at once.

What it costs

Between the wallet and the bookmaker nothing is charged: Payz lists transfers to and from a merchant as free at every level, and bookmakers normally add no fee. What you pay depends on how you load the wallet, how you take money out and on your level.

Payz fees by account level

Fees read on 19 October 2026 on the account levels and fees page of payz.com, in euros. Loading fees are ranges because the figure depends on the options in your country; for bank withdrawals, Payz’s fee information document of December 2022 puts the lower figure on SEPA transfers and the higher on the others. Select your country on the fee page before you open the account.

Deposit and withdrawal times

Deposits to the bookmaker are instant: Payz calls its merchant payments instant and the money shows on the betting account as soon as you confirm. Into the wallet, a card load can be credited immediately, while Payz gives one to three business days for a local bank transfer and up to four for an international one.

Withdrawals from the bookmaker wait for the operator’s approval, from minutes to a few days depending on the operator and on whether your betting account is verified; Payz publishes no time for the transfer from the merchant to the wallet, and a Classic account cannot receive it. From the wallet to your bank, Payz quotes three business days to process the request plus up to five for the money to arrive, and warns that it can take longer outside the EEA.

Where you can use it

Payz is a UK wallet, and the fee page lets you pick your country among 166 countries and territories; fees and deposit options change with the choice, and the terms require you to be tax resident in a country Payz serves. Four rules matter for bettors.

• Countries not on the list. The United States, Canada, Japan, India and Turkey are missing from the country list of the fee page; Australia, Brazil, South Africa and every EU state are on it.
• United Kingdom. Since 14 April 2020 credit cards cannot be used for gambling, and the Gambling Commission asks bookmakers to make sure that money paid from an e-wallet was not loaded with a credit card. Fund Payz with a debit card or a bank transfer.
• France. Residents of France and the French territories have a monthly cap of €1,000 on cash deposits by ecoVoucher and on cash withdrawals.
• Payz Mastercard. Issued only in the United Kingdom and most EU/EEA states, to Silver accounts and above; elsewhere the only way out of the wallet is a bank transfer.

The bookmaker’s side counts too: each operator decides where it offers Payz, so the cashier you see depends on where you registered as well.

Payz and welcome bonuses