Payz
ecoPayz is the wallet UK players still search for by that name, but the brand stopped existing in 2023. In May that year its owner, the London firm PSI-Pay Ltd, renamed the service Payz, kept the same accounts, the same balances and the same regulatory licence, and changed little beyond the logo and the web address. This page covers what the wallet is called now, who stands behind it, how its account tiers change what you pay, and how a casino deposit and withdrawal actually work through it.
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ecoPayz became Payz in 2023
The rebrand went live on 11 May 2023, announced the day before. PSI-Pay moved every existing ecoPayz account and balance across automatically, so anyone who already held a wallet just saw a new name and a redesigned app rather than having to sign up again. The company behind it did not change, and neither did its authorisation. If a casino cashier, an older guide or this page’s own heading still says ecoPayz, read it as a synonym for Payz. Most people keep searching for the original name, which is why it still appears here, but the product you open today is branded Payz.
Who runs the wallet and how your money is held
Payz is issued by PSI-Pay Ltd, a UK company authorised by the Financial Conduct Authority as an electronic money institution under firm reference number 900011. That authorisation carries a consequence that casino guides often skip. Because PSI-Pay is an e-money firm and not a bank, it has to safeguard customer funds in segregated accounts held apart from its own money, but those funds are not covered by the Financial Services Compensation Scheme. A balance sitting in Payz is protected by safeguarding rules, not by the guarantee that stands behind money in a current account. The wallet reaches roughly 174 countries and PSI-Pay is separately registered with FINTRAC in Canada, which is part of why you meet Payz more often at internationally focused casinos than at ones built around a purely British audience.
The account tier decides your fees and limits
Payz runs a five-step account ladder, from Classic through Silver, Gold and Platinum up to VIP, and the tier you sit on affects your costs more than the casino does. A new, unverified Classic account is capped at around 200 euros per transaction and cannot send money to another wallet. Uploading identity and address documents lifts you to Silver, which is the level where bank withdrawals and account-to-account transfers open up. The tiers above that are earned through deposit volume rather than a one-off check: Gold needs roughly 10,000 euros of eligible deposits a quarter and cuts the currency-conversion fee to about 1.49%, while the top VIP level asks for around 250,000 euros a quarter for the sharpest rate. For a casual UK player that points one way. You will most likely stay on the lower tiers, where the standard limits and the conversion margin apply, so verify the account early and read the current fee schedule before you rely on it. If avoiding an account altogether was the appeal, a voucher method such as Paysafecard fits that better, because Payz always needs a registered, verified wallet.
How a casino deposit works
Because a Payz payment comes out of your wallet rather than straight off a card, you need a funded account before you can deposit. You top the wallet up with a bank card or a bank transfer, then at the casino you pick Payz, enter the amount and approve the payment against your account. The money reaches your casino balance within moments, and the casino sees it arriving from Payz rather than from your underlying card or bank, which is the privacy point people value. One UK rule still reaches through the wallet: gambling on a credit card has been banned since April 2020, and that ban covers loading an e-wallet from a credit card to gamble, so a Payz balance funded that way is not a way around it at a UK Gambling Commission site.
The Payz card, and getting money back out
Alongside the wallet, Payz issues a prepaid Mastercard in physical and virtual form and in pounds, euros or dollars, drawn from your balance and usable online, in shops and at cash machines, with a percentage fee on ATM withdrawals. Casino payouts are the less even half. Where a site supports Payz withdrawals you are normally paid back into the same wallet you deposited from, and only once the account is verified, after which the money lands quickly once the casino releases it. Plenty of casinos take Payz for deposits but not for cashouts and will return winnings by bank transfer instead, so check the cashier’s withdrawal list before you commit. Moving money out of the wallet to your own bank can also carry a fee that depends on your tier.
Is it worth using at a UK casino?
If you already hold a Payz wallet, often because you play across currencies or spend time in one of the many countries it covers, it does a real job at a casino: it keeps your bank card away from the operator and holds several currencies in one place. Setting one up from scratch purely to gamble is a weaker case. You would be opening and verifying a new account, and living with its tier-based fees, to reach a method a smaller set of UK casinos accepts, when an e-wallet such as Neteller or Skrill is taken more widely and pays out just as readily. When we assess a payment method we look at how many of the UK-licensed casinos we track actually list it, work through the real account, deposit and withdrawal steps, and note where a method is offered for deposits but not payouts. Payz earns its place as a wallet you already use rather than one you set up for gambling alone. The full set of options our reviewed casinos accept sits on the payment methods page, and the casinos shown below are ones that take Payz.
Is ecoPayz now Payz?
Yes. ecoPayz was renamed Payz on 11 May 2023 by its owner PSI-Pay Ltd. It is the same wallet under the same UK licence, and every existing account and balance was migrated across automatically, so nothing changed except the name, logo and website. Most players still search for the old 'ecoPayz' name, but the service you sign up for today is branded Payz.
Is Payz safe and regulated in the UK?
Payz is issued by PSI-Pay Ltd, which is authorised by the Financial Conduct Authority as an electronic money institution (firm reference number 900011). As an e-money firm rather than a bank, PSI-Pay must safeguard your money in segregated accounts kept apart from its own funds. That safeguarding is not the same as the Financial Services Compensation Scheme, which does not cover an e-money balance, so a Payz balance is protected differently from money held in a bank account.
Do I need to verify my Payz account to use it at a casino?
In practice, yes. A new, unverified Classic account is limited to roughly 200 euros per transaction and cannot send money to another wallet or a bank. Uploading proof of identity and address upgrades you to Silver, which is the level where bank withdrawals and account-to-account transfers become available. Higher tiers such as Gold and VIP are reached through deposit volume and mainly cut the currency-conversion fee, so most casual players stay on the lower levels.
Can I withdraw casino winnings to Payz, and are there fees?
Only where the casino offers it, and usually only back to the same wallet you deposited from once your account is verified. Many casinos accept Payz for deposits but not withdrawals and will pay you by bank transfer instead, so check the cashier's payout list before you deposit. Payz itself can charge for currency conversion and for moving money from the wallet to your bank, and those costs depend on your account tier and region.
Casino list updated: July 2026
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