The company has permission to operate within the European Commission and supports as many as 20 currencies. Since 2000, EcoCard has been a preferred payment alternative for many online casino players when compared with credit cards.
One of the major advantages of using EcoCard is you do not need to disclose any banking information. You can fund your EcoCard account by Western Union, wire transfers, MoneyGram, or via a European bank account transfer. Online casino players are issued an electronic account that can be used to deposit and withdraw funds from their casino account. The processor allows funds to be withdrawn via money wire or bank check.
Many online casinos accept payments via EcoCard, which includes Microgaming, Playtech, and RTG powered casinos. Registration is free and a simple one-time process where you need to fill in basic personal information, and specify your email and password. Upon verification, you can fund your EcoCard account via credit/debit card or bank transfer while Canadian customers can use EFT as well. One of the major benefits is you do not need to provide any financial information since users are identified by their ID assigned at the time of registration. It is impossible to fall deep into dept since EcoCard is primarily a debit card with no overdraft facility or interest attached to it, which goes a long way in protecting those could be tempted to gamble beyond their means.
Depending on the online casino you play at and your country of residence, your EcoCard account may be subject to deposit and withdrawal limits. There is a conversion fee of 2.99% for transactions that require any currency conversion. They currently allow customers to make deposits in several major currencies including Euros, GB Pounds, Danish Kroner, and Swiss Francs. They also offer customer support in a variety of languages including Spanish, Italian, French, Dutch, and Russian. Depending on the type of service and account status, there may be a fee involved for deposits via bank wire, credit cards, and on withdrawals.
Withdrawing funds from your online casino account to your EcoCard are a simple process. Withdrawals from your EcoCard to bank account are permitted only via wire transfer with a processing time of up to 3 days. You will need to furnish your bank details to transfer money to your bank account. With EcoCard having the credibility and infrastructure required of a payment processor, it is definitely one of the ideal alternative solutions for online gamblers.