Payz betting sites allow UK punters to deposit money and place bets efficiently. At the same time, they’re enjoying maximum security. Its ease of use is one of the reasons why Payz is becoming a prominent payment method for online betting in the UK. Many punters are looking to get familiar with it and if you’re among them, continue reading to learn everything about how Payz works, how to use it to deposit and withdraw and whether you can claim Payz bonuses.
Payz is an e-wallet that started offering its services back in 2000. Its original name was ecoPayz, but the company rebranded to Payz in 2023. After the rebranding occurred, most of the services of this e-wallet remained the same, but the focus on making online payments more efficient was enhanced.
Once you create a Payz account, you need to connect your bank account or card to be able to top up your balance. That’s how you can use it to deposit money at the best Payz betting sites UK. Even though this provider requires bank information, it doesn’t use those details when making payments.
Instead, Payz has its own security system that processes transfers. In doing so, the e-wallet keeps UK punters safe at all times.
Payz also has an app that is available for download on Google Play Store and AppStore. That means that both Android and iOS users can download it and use it without any problems. When making payments with Payz, users need to pay a 2.99% fee. Thanks to the loyalty programme of this solution, the fee decreases as you progress.
Classic and Silver members have a 2.99% FX fee. Gold and Platinum members have a 1.49% fee, while VIP members have a 1.25% fee. The higher you are on the loyalty programme, the higher your maximum balance becomes. When you reach VIP status, there’s no limit on the amount of money that you can store. Currency conversion fees also decline as you level up.
Payz accepts over 50 currencies on its e-wallet and the British pound is among them. The great localisation makes this payment method perfect to use at Payz online betting sites.
How We Rate Payz Sports Betting Sites
As bettors ourselves, we understand the importance of finding the best bookmakers that accept Payz. A reputable and safe platform can make a huge difference. Whenever we’re on the search for UK sportsbooks of this type, we want to make sure that they meet the highest standards and here’s how we do that.
UKGC Licence and Regulation
All betting sites with Payz must hold a valid licence from the UK Gambling Commission. These platforms are the only online sportsbooks that can operate on UK soil legally. They must also use SSL encryption software, enforce KYC policies and have various responsible gambling tools for punters.
Payz Banking Policies
We inspect the minimum and maximum deposit and withdrawal limits with Payz. Then, we check whether the platform charges fees when you make a Payz deposit or withdrawal. Lastly, we inspect the average processing time for online transactions.
Betting Markets and Odds
Some of the most popular sports to bet on in the UK are football, cricket, horse racing, tennis and rugby union. The more categories are up for grabs, the better. Then, we compare the odds to see how well the specific bookmaker ranks among competitors.
Pre-game and In-game Betting
Every Payz betting site UK should allow registered punters to place pre-game and in-game bets. Live betting has become quite a popular choice for UK punters. Extra features such as live streaming and live trackers are also something that we expect to find.
Payz Bonuses
Registered punters should have access to plenty of Payz betting bonus offers. These include the likes of signup packages, free bets, match and reload bonuses as well as loyalty bonuses. We take a close look into the terms and conditions of the offers to see if they’re easy to meet.
User Experience
Additional aspects such as mobile compatibility, customer support availability, web design and registration process are taken into consideration. Payz bookies UK should have fast page load speeds and their design and navigation should be easy to understand.
Key Features of Payz
Payz boasts several features and that’s why UK bettors find it attractive. Thanks to these features, Payz is breaking ranks as an efficient e-wallet that offers great security while betting.
Payz allows you to set gambling activities as your main purpose of using the e-wallet
The starting transaction fee is 2.99%, but it decreases as you progress in the loyalty programme
The Payz app has a fingerprint scan, which boosts security
Thanks to the Payz app, punters can easily deposit and withdraw from their mobile
Type of payment method
E-wallet
Minimum deposit detected
£20
Maximum deposit detected
£2,000
Minimum withdrawal limit
£20
Maximum withdrawal limit
£5,000
Withdrawal time
24 hours
How to Set Up Payz Account
Setting up a Payz account is vital if you want to wager at betting sites that accept Payz. The process is rather simple and shouldn’t take too much of your time. You can choose whether you want to sign up via your desktop device or the app.
Provide Payz with Information About Yourself
Payz will ask you to enter your full name, DOB and phone number. You’ll have to create a username and password. Select the GBP as your currency. You also need to tick the terms and conditions box, but make sure you read them before you do so.
State Your Reason for Opening a Payz Account
Payz will redirect you to a new page. This is where you’ll have to state the reason why you’re signing up. If you use Payz specifically to bet on sports, there’s an option for gambling-related activities. State your average income and outcome and fill out the rest of the fields.
Verify Your Account
After you successfully sign up, you’ll have to verify your identity, email and phone number. This is part of the KYC policies of Payz. Identity verification usually takes about 24 hours. Make sure that the photos that you send are crystal clear. That way, the verification team will be able to process them faster.
Start Using Payz
After you’ve successfully verified your account, you can proceed to use this e-wallet. If you want to make a deposit at the top bookies accepting Payz, you’ll have to connect your card or bank account and top up your wallet balance first.
Depositing with Payz at Betting Sites
Once you set up your Payz account, you can proceed to register at any of our featured new Payz betting sites. To bet for real money, you’ll have to deposit money into your sportsbook account. Here’s how you can do that.
Choose a Payz Betting Site
Browse our list of UK bookmakers accepting Payz. Compare their most important features – banking policies, odds, markets, betting options, bonuses, mobile compatibility, etc. Select a site that you think will meet your preferences.
Register an Account
Access the bookmaker via our link. Click the registration button and fill out the required fields with information about yourself. Read the terms and conditions and accept them. Choose whether you want to receive special offers and news.
Choose Payz As Your Deposit Option
Go to the deposit menu and browse the list of accepted payment methods. Search for Payz. Fill out details about the payment method and enter the sum that you wish to deposit. Review the information and confirm the transaction.
Check Your Balance
Each deposit at the top Payz betting sites is instant. Hence, you should receive your money within seconds. Check your balance to confirm that you have the funds. When making a deposit for the first time, you might also be eligible to claim the bookmaker’s welcome bonus.
Withdrawing with Payz at Betting Sites
If you happen to win a prize at Payz betting sites, it’s logical that you’d want to withdraw the funds. Given the fact that you’ve verified your account, there are just a few steps that you should complete to do so.
Meet Bonus T&Cs
If you used a betting bonus to obtain a certain reward, then you need to make sure that you’ve met all of its terms and conditions. Failing to do so means that the Payz betting site will forfeit the promotion and the prize that you won.
Visit the Withdrawal Menu
Once you’ve cleared the terms of the bonus, head over to the withdrawal menu. Browse the list of available methods until you find Payz. Select it and enter the amount that you wish to withdraw. Keep in mind that all of the best Payz betting sites UK have a minimum withdrawal amount.
Confirm the Transaction
Review the information that you provided and confirm the transaction. Once you send the requests, the Payz betting site will start processing them. On average, Payz withdrawals take about 24 hours to be processed.
Check Your Payz Account
Revisit the withdrawal menu to check whether the transaction is complete. If it is, double-check your Payz account to see whether you received the funds. If you did, you can proceed to use them however you want to. If not, contact the customer support team of the Payz betting site.
Payz Betting Bonuses
When UK players register at new Payz betting sites, they’ll be able to claim various promotions. They’re there to make your experience more entertaining. There are two types of offers that are up for grabs – deposit and no deposit.
Their terms tell you whether you need to transfer money via Payz to claim them. Deposit bonuses include the likes of welcome offers, match and reload bonuses. No deposit bonuses include free bets, cashbacks and bonus money. There are also special bonuses such as early payouts, boosted odds and enhanced winnings.
Welcome Bonus
A welcome bonus is given to UK punters who register at Payz betting sites and make their first deposit. In most cases, the operator just matches your deposit and gives you extra funds. This isn’t a regular promotion. It’s a one-time offer.
Match and Reload Bonus
Match bonuses are often weekly deposits. They provide you with a match on your first deposit of the week. Reload bonuses, on the other hand, reward you for every deposit that you make within the specified timeframe.
Free Bets
Free bets at Payz betting sites come as both deposit and no deposit offers. They allow you to place a wager without using real money, but the reward that you can claim is still real. Keep in mind that they often have requirements regarding the types of bets and minimum odds.
No Deposit Bonuses
The cashback is the most popular type of no deposit bonus. This offer redeems some of the lost real money amounts while betting. In most cases, it’s handed out weekly. Bonus money is also in the mix and you usually receive it when you progress in the VIP programme. The third type of no deposit bonus is a referral bonus, which you receive after a player that you invite successfully registers and makes their first deposit.
Special Bonuses
Several special bonuses are also up for grabs at the best Payz betting sites UK. These aren’t specifically deposit or no deposit rewards, but they can boost your potential winnings:
Boosted odds: increased odds for selected matches
Early payout: ability to cash out early if a certain event occurs
Enhanced winnings: place the bet types suggested by the site and your payout will be increased
Payz Security and Safety
As with any other e-wallet, Payz offers immaculate security. The mobile app itself has fingerprint and face ID recognition. You can set security questions to make sure that nobody else gains access to your funds. The KYC system of the payment method makes sure that you’re the true owner of the account.
There are also account limits that you can set yourself and they act as a precautionary measure against theft and fraud. It’s worth noting that Payz utilises a security system that goes by the name safeguarding. Through this process, Payz never mixes your funds with its own. Instead, they’re always kept separate.
Payz betting sites strive towards perfection, but we all know that this is something that nobody and nothing can achieve. Although the payment method itself offers several advantages, there are some downsides that you should know about.
Pros
Lightning-fast transactions
Eligible for betting bonuses
Optimised for mobile use
Great security features
Cons
Fees on payments and currency conversion
Classic level members have few services
Payz Online Betting – Efficiency and Security at Its Finest
Payz is one of the few e-wallets whose fees gradually get smaller. As you progress in its loyalty programme, both the money transfer fees and the currency conversion fees progress to lower percentages. The payment method also offers great security and efficiency, which is a huge advantage for anyone using it.
Alternatives to Payz
Payz isn’t the only payment method that you can use at the best UK betting sites. These platforms offer numerous alternatives, which may come in handy if you can’t use the said e-wallet for some reason.
To deposit at Payz betting sites UK, you need to register an account first. Go to the deposit section of the bookmaker and select Payz. Enter the amount that you want to transfer and confirm the transaction.
Payz is available as a withdrawal method at UK betting sites. Its average withdrawal processing period is 24 hours.
Payz betting sites offer several types of betting bonuses. These include the likes of signup packages, free bets, match bonuses, cashback deals, boosted odds, bonus money, enhanced winnings, etc.
Our team compiled a list of the best Payz betting sites UK. You’re free to browse it and register at a site that matches your preferences the most.
Both off these methods are actually the same company. Payz was previously known as ecoPayz, but it rebranded in 2023.
Payz uses several security measures to protect you and your funds. These include SSL encryption, fingerprint and face ID scans, safeguarding data and security questions. Account verification is also enforced.
Payz itself has several types of limits – maximum balance, maximum transfers and lifetime limits. They increase as you progress in the e-wallet’s loyalty programme.
