eWallets 2023: What changed at Skrill, Neteller & Co.
2023 in review: Payz rebrand, Skrill in Ontario, an AstroPay licence and Tottenham deal, an award for MiFinity. Seven dated, sourced events.
Payz (formerly ecoPayz) via eWO
0.5% cashback on merchant transfers, Gold VIP from day one instead of after €25,000, and fast-track verification with no deposit.
Fact sheet
- Formerly
- ecoPayz
- Operator
- IPS Solutions Ltd, Cyprus
- Licence
- E-money, Central Bank of Cyprus
- Levels
- 5, from Classic to VIP
- Currencies
- 50, up to 10 accounts
- Card
- Mastercard, up to 4
Direct or via eWO
- Cashback on merchant transfers
- Direct: 0%
- Via eWO: 0.5% (eWO edge)
- Volume for Gold VIPlower is better
- Direct: €25,000
- Via eWO: €0 (eWO edge)
- Currency exchange at the startlower is better
- Direct: 2.99%
- Via eWO: 1.49% (eWO edge)
- One-time bonus
- Direct: –
- Via eWO: €30 after €10,000 in merchant transfers (eWO edge)
- Verification
- Direct: standard, €10 deposit needed
- Via eWO: fast-track, no deposit (eWO edge)
- Existing account
- Direct: –
- Via eWO: link on request (eWO edge)
- Cost
- Direct: free
- Via eWO: free
Sign-up
Sign up through our link
That's the only way your account is added to our programme.
Note your account ID
You'll find your Payz account ID and email address in your account.
Send us your details
Send us both. We link your account and request Gold for you.
Verification
Without verification, tight limits apply. As an eWO customer you get fast-track verification and don't need to deposit €10 first.
Account levels
Payz has five levels: Classic, Silver, Gold, Platinum and VIP. Each level brings higher limits and cheaper currency exchange.
Through eWO you start at Gold. Without us you need €25,000 in merchant transfers to get there.
Levels compared
| Level | Currency exchange | Send to Payz accounts | Maximum balance |
|---|---|---|---|
| Classic | 2.99% | not available | €2,500 in total |
| Silver | 2.99% | 1.5%, min €0.50 | €15,000 |
| Gold | 1.49% | free | €100,000 |
| Platinum | 1.49% | free | €120,000 |
| VIP | 1.25% | free | no limit |
Fees
Payments to and from merchants are free at every level. You mainly pay for currency exchange and bank withdrawals.
Other fees
| Fee | Amount |
|---|---|
| Deposit to your virtual IBAN | €0.50 |
| Transfer from your virtual IBAN | €2.50 |
| Bank withdrawal | €5.90–10, as VIP €2.90–7 |
| Credit card deposit | 1.69–6% + €0.25 |
| ecoVoucher deposit | 2.9% |
| Inactivity | €5 a month |
The exact fees depend on your country of residence.
Mastercard
Show details
From Silver you can order up to four Payz Mastercards and a Payz Plus card for free. With Gold through eWO, that works from day one.
App
Show details
The Payz app is available for iOS and Android.
Support
Show details
Payz support is available around the clock at every level. As an eWO customer, you can also turn to our team.
Pros & Cons
Pros
- Gold straight away: currency exchange at 1.49% instead of 2.99%
- One-time €30 bonus after €10,000 in merchant transfers
- Send money to other Payz accounts for free
- Up to 10 accounts in 50 currencies and up to 4 Mastercards
- Virtual IBAN for bank transfer deposits
- E-money licence from the Central Bank of Cyprus
Cons
- Bank withdrawals cost €5.90 to €10
- €5 a month if your account is inactive
- Not available in every country
Frequently asked questions
Does signing up through eWO cost anything?
No. Payz pays us, so everything stays free for you.
When do I get Gold?
Through eWO, as soon as your account is linked to us. Directly with Payz you need €25,000 in merchant transfers.
Is there an extra bonus?
Yes. A one-time €30 on top of your cashback once you have made €10,000 in merchant transfers through your linked account.
Can I join with an existing account?
Often, yes. Send us your Payz account ID and email address and we'll request the link.
How much is currency exchange?
Depending on your level: 2.99% (Classic, Silver), 1.49% (Gold, Platinum) or 1.25% (VIP).
What do merchant deposits cost?
Nothing. Payments to and from merchants are free at every level.
Did Payz use to have a different name?
Yes, Payz used to be called ecoPayz. Accounts and logins stayed the same.
News on Payz
All news 
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More deals
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+1.2%cashback Up to 1.2% monthly cashback and top limits from day one. -
+0.25%cashback 0.25% cashback on merchant deposits and Noir VIP from €500 a quarter instead of €30,000, with fast-track verification and no deposit.
