As one of the new betting sites payment methods on the sportsbook scene, Payz (formerly ecoPayz), as an e-wallet, has surged in popularity over the past few years. Payz betting is highly trusted by punters, and in this guide, we will highlight 11 of the best Payz betting sites, as well as draw attention to how you can bet with Payz.
Payz and Betting
As an e-wallet like Muchbetter betting sites, Payz is a perfectly legitimate payment method for funding bets. To get started with Payz, you will need to set up an online account. Reputable Payz betting sites will enable punters to make deposits and withdrawals effectively, and it is relatively straightforward to use once you get to grips with it.
Many online bookies don’t pass any Payz transaction or deposit fees to players, but always read the terms and conditions in the payments section before proceeding.
Opening an Payz account takes just a matter of minutes, and you have to apply via their official website. Payz, as you will discover, is becoming accepted in more and more countries.
Registering for Payz is perhaps eminently easier than signing up for a regular bank account.
Deposit and withdrawal limits vary from bookie to bookie but William Hill betting site, for example, is rather generous as they allow a maximum deposit of £8,400 to be carried out using Payz, and it takes just one working day for withdrawals to be cleared.
Arguably, Payz is a trusted payment option as transactions are kept safe with the installation of the latest SSL (Secure Sockets Layer). Therefore, your personal information won’t be shared with anyone else.
How to Deposit Using Payz
Depositing using Payz is extremely easy, and it can be achieved in a few simple steps.
- Firstly, head over to your chosen bookmaker and log into your account.
- Click on the deposit page and select Payz as your preferred payment method.
- Then, enter the amount you wish to deposit.
- You will then be asked to log into your Payz account to authorise the payment. If you haven’t done so at this stage, then you still can.
Once that’s done, the money will be in your playing account, and you will be able to bet as you wish.
You can also deposit your money into your account Payz with Neosurf.
What is Payz?
Payz – which is classed as an e-wallet like Neteller betting sites – was founded in 2000, and it is one of the longest established e-wallets in the world.
While Payz betting is a relatively new trend in the sports betting sphere, the company has gone through a lot of changes over the past couple of decades. The payment service has links to Mastercard, as PSI-Pay Ltd (its parent company) is a principal member of Mastercard for card issuing purposes.
Since then, Payz has gone through a rebrand, and in 2016, Payz introduced a 2-Step verification process to ensure users can make transactions safely and quickly.
Now, Payz is one of the biggest payment providers. It is supported by 50 currencies, and in over 150 countries around the world. With millions of users worldwide, Payz continues to grow both as a payment method for banking as well as for betting. Bear in mind that Payz passes on fees for currency conversion which is set at 2.99%.
Advantages of Payz betting
Payz betting comes with several benefits attached. Aside from being accepted in many countries, and a licensed payment provider, it is rather simple to set up.
Here are some of the other advantages that come with using Payz at betting sites.
Security
Payz is a safe option for betting online. Keeping the information of their users safe is Payz’s top priority. Payz relies upon using the latest encryption technology, and with an added level of security incorporated, users can bet online in confidence that their personal data won’t be compromised.
Instant & Low Cost
Funds can be sent through the user’s Payz account within a matter of seconds, and you can easily access money. Fees are also generally minimal for betting, although if there are any, they will be listed in the payments section of your chosen bookmaker.
Convenient for mobile use
Depositing money using a betting site should be hassle-free. Payz has a sleek app that is available to both Apple and Android users, and it will suit those who like to play on the go. Whereas signing up to a betting site using the desktop version requires filling in lengthy forms, the Payz app can get you betting much quicker, and it is considerably quicker than using a credit or debit card.
Do you know Apple pay betting sites and Google pay betting sites?
Customer support
When it comes to customer support, Payz excels in this area. Payz provides 24/7 support, and they can be contacted either by email or through a live chat facility. There is also a detailed FAQs section that will help bettors if they encounter problems while gambling online.
Disadvantages of Payz betting
As with any other payment method, there are some disadvantages associated with using Payz at betting sites.
Not universally accepted
Currently, there are still some bookmakers that don’t accept Payz as a payment method, and this includes Betfair and the Paddy Power bookmaker. Instead of Payz, check Skrill betting sites. While e-wallets are in greater circulation nowadays, those betting sites that don’t accept Payz for depositing and withdrawing money may be off putting to those bettors who wish to bet with Payz.
Fee charges
Although the fees aren’t as high compared to other well known e-wallets, Payz still passes on some charges which can be a nuisance while betting online.
What bonuses do betting sites offer Payz users?
With Payz betting sites growing exponentially, you should learn how to make the most of any promotions or bonuses that may come your way.
Many Payz betting sites will clearly signpost promotions to new or existing customers. For example, ‘5% weekly cashback’ where the bookmaker calculates your total weekly losses from sports betting, and returns 5% of the amount back to you.
Whereas other Payz betting sites, such as Marathonbet, will offer weekly football bonuses such as ‘Bore Draw’, whereby if you correctly predict the score of a game, and it ends goalless, your stake will be refunded up to £30 as a free bet.
Some sites will shorten their promotion offers, such as William Hill which could be presented as ‘WH30’. However, Payz betting affords the same, if not very similar betting opportunities compared to more traditional payment methods.
Best Payz Betting sites
Bet £10 get £15 18+, Welcome Bonus: New Players only, 1st Deposit, Min Deposit: £10, max £15 bonus, valid for 14 days, bets must be placed at a min. odds of 1/1 (2.00) or greater and be settled within 14 days of placement. System bets no eligible.
Full T&Cs apply. BeGambleAware.org #ad
|
£20 Backup Bet 18+ | New UK players only | Min deposit req. £10 | Certain deposit methods excluded | Place 1 sport bet (3+ selections) | Excl Horse Racing | Min stake £10 | Max stake £20 | Min Odds 2/1 (3.0) | Max FreeBet £20 for football only | FreeBet valid for 7 days | FreeBet stake not returned | Full T&Cs apply. BeGambleAware.org #ad
|
Bet £5 get £20 18+ New UK+ ROI Customers only. Deposit & Bet min £5 as first bet at minimum odds 1/2 to qualify for 1x £20 Free Bet. Certain deposit methods and bet types excluded. Free bet valid for 7 days, stake not returned. Restrictions apply. Full T&Cs apply. BeGambleAware.org #ad
|
Bet £5 Get £20 in Free Bets 18+ New UK+IRE Customers only. Certain deposit methods & bet types excl. Min first 5 bet within 14 days of account reg at min odds 1/2 = 4x 5 free bets. Free bets valid for 7 days, stake not returned. No cashout, restrictions + Full T&Cs apply. BeGambleAware.org #ad
|
£10 Free Bets + £10 Casino Bonus + 20 Free Spins Only available to new, verified customers residing in the UK. Place a first ever sports bet (£10 min. stake; single or multiple bets: min. odds 1.4). Get 2x£5 in free sports bets, £10 in bonus money at Casino and 20 free spins (£0.10 per spin) on eligible NetEnt Slots. Payment method restrictions apply. 18+ Please gamble responsibly. Full T&Cs apply. BeGambleAware.org #ad
|
|
|
Bet £10 get £30 18+. New customers using Promo code R30 only. Min £10 stake, min odds ½, free bets paid as 3x £10, free bets credited after settlement of first qualifying bet, free bets will expire 30 days after the qualifying bet is placed, payment methods/player/country restrictions apply. Full T&Cs apply. BeGambleAware.org #ad
|
Up to £50 in Free Bets, 20 Free Spins & £10 Casino Bonus 18+ | New players only | Available until 23:59 GMT 31.12.2025 Each challenge has its own TCs. Eligible Bets must be placed for each respective Challenge during the Promotional Period including the following: ACCA, Football, In-Play, and Casino. Each challenge has its own set of TCs and can only be completed 1x. Available to claim: 20 Free Spins, £10 Free Bet, 50% Back up Free Bet up to £20, £10 Casino Bonus when you wager £50+. If all are completed you will receive Max £20 Free Bet to be used on any sport. Gamble Responsibly. Full T&Cs apply. BeGambleAware.org #ad
|
Bet £10 Get £10 18+. UK only. Available for new players who have registered at EnergyBet after 31.08.2020 and valid only for their first qualifying Sportsbook bet. Min. £10 deposit required. Full T&Cs apply. BeGambleAware.org #ad
|
Above, we have listed the top 10 Payz betting sites that will provide an enriching experience for both UK residents as well as for those living abroad.
Alternatives to Payz Betting
If you aren’t sold on Payz or you can’t use Payz at your chosen betting site, then fear not, there are plenty of other alternatives.
Payz betting FAQs
While Payz is more widespread, it is not accepted at all bookmakers, so make sure you check the payments section of the sportsbook you wish to bet at before proceeding.
Although Payz allows you to send and receive money, you will still be required to link it up with a bank account before you can make transactions.
Yes, Payz is a legitimate payment provider, and there is a 2-step verification process to ensure customers are protected while betting online.
Yes, there are fees attached, however that is at the discretion of the bookmaker in question. Usually, the fees are quite low, and Payz is a fast payment method.
ThePuntersPage Final Say
Payz is a modern payment method, and with more betting sites accepting this particular e-wallet, this is very encouraging. Payz is safe, and it is quite easy to use once you get the hang of it. Although it is not accepted at all bookmakers, Payz betting is still a reliable choice, and it provides an enriching experience.
Other recommendations are Boku betting sites and Crypto betting sites.