Although it isn’t as popular today as it was a few years ago, ecoCard is still chugging along and helping bingo players fund their accounts. Transfers are made quickly and easily thanks to a simple signup process and immediate account access. All you have to do is load your ecoCard with funds and you’re ready to go.
Ecocard.com (now located at Ecopayz.com) was founded in 2000 and has partnerships with merchants around the world, including gambling and bingo sites. It is popular thanks to its speed and reasonable fees. The only complaint I have is EcoCard isn’t accepted by very many bingo sites.
Increasing competition from alternate payment methods such as Entropay and Neteller have eaten into the market once served by EcoCard. These days, only a few bingo websites work with this payment method. The only site that I know well enough to recommend is 32Red Bingo. There are other options out there, but I don’t know them well enough to give my endorsement.
Minimum Eco deposit: £10
Processing time: Instant
32Red is a large bingo site with a healthy assortment of games and promos. Additionally, 32Red has a reputation for hosting safe and fair games for players.
An ecoCard account gives you access to three different payment methods:
- Your online ewallet account
- A virtual ecoCard
- A physical ecoCard
The ewallet account that comes with ecoCard works like pretty much any other online account. You can use it to hold your funds, transfer money to bingo sites and receive payments from sites. The first step in using any of these services is funding your online account.
You can fund your ecoCard account via bank transfer, credit card, debit card Paysafecard and a variety of regional payment methods depending on your location. After you load your account with funds, you can use your ewallet or virtual card to send money to your online bingo account.
The physical ecoCard doesn’t do much as far as sending money or receiving payments from bingo sites. Where you might find it useful is if you’d like to use your ecoCard balance to pay for things in the real world. Any merchant that accepts MasterCard will also accept your physical prepaid card.
Although it’s free to sign up, ecoCard does charge fees for some financial transactions and your activity may be subject to other service charges.
Fees and Account Levels: Fees vary in size based on your account type. All new customers start out as “Classic” accountholders and are subject to strict limits and high fees. You can upgrade to the next level up by sending in documents and verifying your identity. I strongly recommend doing so as this is required to receive cashouts and make meaningful deposits.
The Silver account is the next level up after you verify your identity. As a Silver accountholder, you can deposit up to €1,000 at a time and keep up to €15,000 in your account. Here’s a look at the various fees you may encounter:
- Load your account with a bank wire: 0 to 7% depending your country of residence
- Load your account with a credit card: 2.9%
- Withdrawal to your bank account: €10.00
- Currency conversions: 2.99%