Pros and Cons of Payz Betting Sites
Like any betting site payment option, Payz brings its own set of advantages and disadvantages. To help you decide if Payz is the right choice for you, here are the main pros and cons:
Payz Betting Site Reviews
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Vegas Mobile Casino impressed me with its sportsbook offering, featuring various sports and an enjoyable in-play betting experience. The Live Multiview feature is a particular gem, letting you track multiple live events on one screen. While I think the ‘Bet £20 Get £30’ sign-up offer for new punters could be more generous, being able to claim it with a Payz deposit is a definite advantage. Payz deposits are instant at Vegas Mobile Casino, ensuring no waiting time for bets. However, the same can’t be said for winnings. Payz withdrawals take around four days in total, which isn’t bad but isn’t as fast as some sites. The minimum withdrawal is a user-friendly £2.50, but I’m sure most bettors will agree that the 1% withdrawal fee, albeit capped at £3, is not ideal.
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Creating a new account at BetStorm was a straightforward process, and I was pleased to find that Payz is an eligible payment method for their ‘Bet £10 Get £10’ welcome offer, especially considering other e-wallets are among the exclusions. After completing registration, I explored the sportsbook, which not only offers a decent selection of sports to bet on, but also comes with tools like Live Calendar and Live Multiview to make betting in-play a great option. Using Payz, the minimum deposit at BetStorm is £20, while the minimum withdrawal is just £2.50. Withdrawals to Payz take around four days to land from the point of your request, which I found reasonable, albeit slower than some sites. However, the 1% withdrawal fee, capped at £3, is less appealing.
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As a Payz user, I encountered a minor setback at 32Red when I learned that the 150% up to £150 first deposit bonus is only applicable to online casino games and can only be claimed using a debit card. However, I was pleased to find that Payz deposits are otherwise accepted, starting at a relatively low £10. Withdrawals to Payz also begin at £10 and are processed swiftly within just 12 hours. Additionally, there are no fees associated with using Payz for deposits and withdrawals at 32Red. The sportsbook has several appealing features that are likely to attract sports fans, not to mention more than 30 different sports to bet on. Personally, I found the ‘Starting Soon’ tab particularly helpful for tracking upcoming events.
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Another ProgressPlay site, Tebwin offers a familiar ‘Bet £10 Get £10’ welcome deal. This bonus bet can be used on any sport, with numerous options available. It comes with low 1x wagering requirements for any winnings. Although there are bigger bonuses available elsewhere, I found the simplicity of this offer appealing. Another advantage is that Payz is eligible for the bonus. The minimum deposit with Payz is £20, while withdrawals start at just £2.50 and take around four days to land from the point of your request. Faster cash out would be preferable, but the real drawback here is the 1% withdrawal fee, capped at £3. While this fee isn’t exclusive to Payz withdrawals, I found it frustrating to have some of my winnings deducted.
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How to Deposit Using Payz
Using Payz to make deposits at your chosen online betting site is a straightforward and speedy process. To get started, you’ll need an active Payz account (formerly ecoPayz). If you don’t already have one, simply head to payz.com or download the app to register your details. Once you’re all set up, follow this simple step-by-step guide to deposit with Payz:
STEP 1
Read Payz Betting Site Reviews
Start by reading through our reviews of betting sites that use Payz. Compare features like bonuses and promotions, sports betting markets, and payout times, then click through to the site with the perks that suit you best.
STEP 2
Open a New Account
Complete the registration form with the requested details. You’ll be asked to provide your personal information, create a username and password, and pass Know Your Customer (KYC) checks. These are all standard procedures.
STEP 3
Access Your Betting Account
Once registration and the KYC verification process are complete, you can log in to your new online betting account. Head to the cashier or deposit page, where you can set your preferred payment option to Payz.
STEP 4
Deposit Funds
After you’ve selected Payz on the cashier page and confirmed how much you would like to deposit, you’ll be taken through to your Payz account to log in and confirm the transaction. Funds will now be transferred between your Payz and betting accounts.
STEP 5
Place Your First Bet
You’ll receive a notification confirming that your betting account has been topped up. Now you’re all set to place your first bet. If you’re claiming a free bet welcome bonus, ensure your qualifying bet meets the minimum odds requirement.
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FAQs
Is Payz an e-wallet?
Yes, Payz is an e-wallet payment method that allows you to store funds and make online transactions securely. Physical and virtual Payz Mastercards are also available.
Is Payz deposit only?
No, unlike banking options like Paysafecard vouchers and Pay by Phone services, Payz isn’t limited to making deposits. You can use Payz for both deposits and withdrawals at betting sites.
What betting sites accept Payz?
Many reputable online bookmakers accept Payz as a payment option, including Bet Storm and 32Red. However, some sites, such as Bet365 and William Hill, have yet to jump on board. Our betting site reviews include a banking section, so you always know what to expect.
Can I accept bonuses with Payz?
The rules for using Payz to get bonuses can vary by betting site. Some bookmakers accept Payz deposits for bonuses, but you should always check the full T&Cs to be sure.
