Players who are looking for Payz casinos in Canada often do so because this payment option is convenient, secure, private, and widely available at casinos. There are downsides too, such as the fees incurred for funding a Payz account.
Inside this article we’ll take a deep dive into this payment option to explore the pros and cons, how it compares to other popular casino payment methods, what types of fees are associated with this option, how to use it at online casinos for deposits and withdrawals, and which casinos accept it. Read on to get the details.
Before you can make a payment at a Payz casino, you’ll need to first open up the Payz app and top off your balance if needed. You can fund your Payz account using a debit card, credit card, or bank transfer. If your Payz account has the necessary funds in it, then here’s how to complete your payment at the casino:
Navigate to the casino Cashier, and choose the deposit option.
Select Payz. Note that some casinos still list it under its previous brand name, ecoPayz.
Enter the amount you’d like to deposit.
Log into your Payz account in the secure popup window that will appear.
Confirm the payment.
Once you confirm, the transaction will process immediately, and you should see the funds in your casino account.
Withdrawals and Deposits at Payz Casinos
You can make both deposits and withdrawals using Payz, but the key here is that you need to use the same Payz account. In addition, you need to be aware of the fees associated with using this payment option.
For deposits, the main fees you’re going to encounter happen when you fund your Payz account with a debit card, credit card, or bank transfer. The bank transfer will have the lowest fees.
A second possible fee you may encounter is a currency conversion fee. For example, if your Payz account is funded using $CAD, but the casino uses $USD, then you’ll have to pay a conversion fee. For the actual deposit into the casino, Payz doesn’t charge fees, and the casino usually doesn’t charge any fees either. Those casinos that do charge a processing fee usually charge around 2% to 3%.
When it comes to withdrawing funds at
Canadian online casinos, Payz doesn’t charge a fee, and withdrawals are free at most casinos as well. However, you will pay a fee when you move money from your Payz account to your bank account.
Why Do Different Users Pay Different Fees?
It’s important to note that Payz offers five different account levels, ranging from Classic to VIP. The Classic level has limited features and higher fees. Once you get to the Gold level, you’ll pay smaller fees on activities such as currency conversion and transferring to another Payz account. The levels are based on factors such as the KYC steps you’ve completed, the volume of transactions, and the time you’ve held your account.
Payz Verification Requirements
Users at the Classic level don’t need to verify their identity, but their accounts are also limited, so they can’t use certain features such as bank transfers. If you have a higher level account, then you’ll need to complete the full KYC identity verification process, where you’ll need to upload a government-issued ID, a selfie, and documents that prove your residence, such as a utility bill.
The History of Payz
Payz is one of the longest-standing e-wallets, although it has undergone name changes. It started in 2000 under the name EcoCard and became regulated by the FCA by 2008. By 2013, it had rebranded as EcoPayz and expanded globally. By 2023, it had rebranded again to Payz and overhauled its website and app. Today the payment provider is a trusted brand that operates in over 200 countries and supports 50 currencies.
Payz Compared to Other Providers
Many players choose this payment option at casinos that accept Payz due to its wide availability, convenience, instant payments, and the high level of privacy it offers. Here’s how it compares to other popular casino payment options:
Feature
Payz
Debit and credit cards
e-Wallets
Interac bank transfer
Deposit speed
Instant
Instant
Instant
Instant
Withdrawal speed (after casino approval)
Instant
1-3 business days
Instant
0-24 hours
Fees
1.69% – 6% for funding your Payz acct
0
1% to 5%
$0 – $2
Privacy
High
Low
High
Medium
You can see why many players prefer Payz. Now let’s look at three facts that will help you make the most of this option at casinos.
Three Essential Facts About Using Payz at Casinos
You can make the most of your Payz account by reviewing the following facts:
💱 Payz Charges Currency Conversion Fees
Whenever possible, deposit the same currency from your Payz account into your casino account; otherwise you’ll get hit with a 2.99% conversion fee.
📱 Use the Mobile App
This is much faster, more convenient, and secure, because in
mobile casinos
you can use your phone’s biometrics to log into Payz.
💳 Payz Offers Multiple Funding Options
Whenever possible, you’ll want to fund your Payz account with a bank transfer, as this will incur lower funding fees than a credit card.
Now that you know the best ways to use this app, let’s take a look at where you can use it…
How Do You Find Casinos That Accept Payz?
The quick and easy way to do this is by looking at the banners on this page, as we’ve reviewed these gambling sites and have only included reputable ones on this site. Here’s an overview of some of your options:
Betano: Offering a Personalized Gambling Experience
Licensed by AGCO and iGO
Extensive game collection
Responsible gambling tools
English-only support
This site is licensed by both the AGCO (iGaming Ontario) and the MGA (Malta Gaming Authority), which means the casino is well-regulated and provides strong player protections. The lobby features over 2000 games which are mostly slots, but also include table games and live dealer games. One standout feature is the personalization this brand offers using AI tools, which offers suggestions based on your betting habits. This is a great option for those who want a sleek, user-friendly, and secure app or desktop experience.
ComeOn: Social Gambling at Its Best
Over 2000 casino games
Beginner-friendly bet limits
Downloadable mobile app
Live chat doesn’t run for 24 hours
Here’s another well-regulated platform that’s licensed by both the AGCO and the MGA. This casino features 1800 games from top providers such as NetEnt, PlayTech and Microgaming. The site offers a clean user interface, which is a nice contrast to the cluttered older casinos. A feature that sets this site apart from others is its strong community-centric social approach. The WeSpin feature lets you buy into a pot and join a game that’s livestreamed, with wins and losses shared among the group. This is a great option for those who want an uncluttered platform and enjoy the social aspects of gambling.
Tonybet: Large Gaming Catalog Covering Popular and Niche Titles
Over 7,000 casino games to explore
App for Android and iOS users
Live dealer options
Fully licensed by the Kahnawake Gaming Commission
App downloadable only from website
This casino carries multiple licenses from the Kahnawake Gaming Commission, iGaming Ontario, and the Estonian Tax and Customs Board. The casino lobby is among the largest offered in Canada, with over 6,000 games available. Whether you’re looking for a familiar favorite or an obscure title, there’s a good chance you’ll find it here, alongside some of the best
online slots in Canada. The platform offers fast withdrawals and a well-designed app. This casino is a great choice for those who value game variety.
Betway: Highly Curated Games and Exclusive Titles
Fast, fee-free deposits
A variety of casino titles to choose from
User-friendly mobile app
Licensed and secure platform
Limited live chat hours
This casino is licensed by iGaming Ontario, the “gold standard” UKGC, and the MGA. While the size of the gaming catalog is much smaller than other platforms at just 500 games, this casino focuses on quality over quantity. Here you’ll find the line of Betway Exclusive games that you literally won’t find anywhere else. The site also features a Betway Lounge, which is a private set of tables with dedicated dealers for Betway members. This casino also has a reputation for superb customer service, and a stable, polished and user-friendly platform. If you enjoy premium content over quantity, then check this site out.
888 Casino: Unique Gaming Titles Created In-house
Legally available in Canada
Trusted payment providers
Diverse casino game portfolio
Excellent mobile apps
Site navigation could be better
This casino features licensing from iGaming Ontario, the Gibraltar Regulatory Authority, and the MGA. The casino lobby showcases a nice selection of 2000 games. Most casinos rent their titles from gaming studios, but 888 casino has developed several titles inhouse, which makes them truly exclusive and unique. This platform also features a jackpot ticker, massive progressive jackpots, and an award-winning platform that’s been in operation since 1997. This site is a good fit for those who want to game with a pioneer in the industry who creates hundreds of its own titles.
Final Thoughts on Using Payz
Payz is a widely accepted payment option at online casinos, and players appreciate this option for its privacy, speed, security, and convenience. The fees can be higher than other options, but you can lower them by reaching a higher account level, which is a mix of KYC verification, time, and use. In addition, funding your account with a bank transfer will lower your fees, and you should seek to avoid currency conversion fees.
When you’re ready to get started at a Payz casino, just check the banners on this page and tap any of them that interest you.
Discover Our Top-rated Casinos with Payz!
Payz Casinos FAQ
Your name, address, phone number and other information that you provided to the casino must match your Payz account information exactly; otherwise, your casino account may get flagged. For example, if your official name on your ID and Payz account is “Jonathan,” then don’t use “John” as your name when joining the casino.
To combat money laundering, you can only withdraw to a Payz account if you used that account to make a deposit.
Some casinos that accept Payz won’t let you withdraw if your Payz account isn’t verified. Going through the verification process upgrades your Payz account level, which unlocks additional features and allows for certain fees to be lower.
