Payz, the digital wallet formerly known as ecoPayz, stands as a prominent payment solution for online betting. Rebranded in 2023, this service has over two decades of experience in digital finance, having been founded in 2000. As part of the reputable Paysafe Group, which also operates Skrill and Neteller, Payz offers a secure and efficient way to manage funds.
For users of the MGA-licensed platform BoaBet, Payz provides a reliable method for both deposits and withdrawals, combining speed with robust security features. This guide explores how to use Payz for transactions, its key features, and the advantages it offers to bettors.
The longevity and reliability of Payz make it a trusted choice in the online gaming industry. Its integration at platforms like BoaBet ensures a seamless banking experience, allowing users to focus on their betting activities.
With a history spanning over 24 years, the service has built a strong reputation for secure and swift online payments. The 2023 rebrand from ecoPayz to Payz modernized the brand while retaining the core infrastructure and security protocols that users trust. This legacy, combined with its authorization from the UK’s Financial Conduct Authority (FCA), provides a high level of confidence.
Using Payz at BoaBet comes with several distinct benefits:
| Feature | Details at BoaBet |
|---|---|
| Deposits | Instant processing, funds available immediately. |
| Withdrawals | Supported. Processing takes 24-48 hours after a pending period. |
| Welcome Bonus | Payz deposits are eligible for the 125% up to 300 000 Ft (€750) + 8 000 Ft (€20) Free Bet. |
Both depositing and withdrawing funds with Payz is a straightforward process designed for user convenience. The platform may list the service as either “Payz” or its legacy name, “ecoPayz.”
To fund your account, follow these simple steps:
Withdrawing your winnings is just as simple. After requesting a withdrawal, there is a standard pending period of up to 24 hours for internal review. Once approved, the funds are typically processed and sent to your Payz account within 24 to 48 hours.
| Action | Deposit Steps | Withdrawal Steps |
|---|---|---|
| Step 1 | Log in to BoaBet and open the cashier. | Navigate to the withdrawal section in your account. |
| Step 2 | Select Payz/ecoPayz as your method. | Choose Payz as your payout option. |
| Step 3 | Enter your desired deposit amount. | Enter the amount you wish to withdraw. |
| Step 4 | Authorize the payment on the Payz site. | Confirm the transaction details and submit the request. |
| Result | Funds are credited instantly. | Funds arrive in your Payz wallet after approval. |
Payz offers several features that enhance its utility, including a tiered account system and flexible spending options that give users greater control over their funds.
The Payz platform features a multi-level account system that rewards active users. As you transact more, you can advance through tiers—Classic, Silver, Gold, Platinum, and VIP. Each level unlocks better terms, such as higher transaction limits, lower currency conversion fees, and dedicated customer support.
| Account Level | Key Benefits |
|---|---|
| Classic | Entry-level account for basic transactions. |
| Silver | Higher limits and access to the Payz Mastercard. |
| Gold | Lower currency conversion fees and increased limits. |
| Platinum | Even lower fees and higher transfer limits. |
| VIP | Lowest fees, highest limits, and priority customer support. |
Two standout features of the Payz ecosystem are the Payz Mastercard and the ecoVoucher.
Security is a cornerstone of the Payz service. As an FCA-authorised institution, it adheres to strict regulatory standards. All transactions are protected by SSL encryption, and users can enable two-factor authentication for an additional layer of account security.
BoaBet does not charge operator fees for deposits or withdrawals made with Payz. However, Payz has its own fee structure for certain actions, such as currency conversion or bank transfers from the wallet, which may vary depending on your account level.
Yes, ecoPayz officially rebranded to Payz in 2023. It is the same trusted service with a new name and look.
Yes, BoaBet supports Payz for both deposits and withdrawals, providing a complete payment cycle for users.
After an initial pending period of up to 24 hours at BoaBet, withdrawals are typically processed to your Payz account within 24 to 48 hours.
An ecoVoucher is a prepaid payment method that allows you to deposit funds using a secure PIN, offering an extra layer of privacy by not requiring you to share bank or card information.
Upgrading your Payz account level (e.g., to Silver, Gold, or VIP) unlocks benefits such as higher transaction limits, lower currency conversion fees, and access to the Payz Mastercard.