Payz is a regulated eWallet service, so can expect that your payments will always be secure. Learn about why it’s worth opening a Payz account with our guide. Transactions in over 50 currencies are supported, so you’ll always have convenient and versatile deposits and withdrawals.
Payz is a global eWallet that supports convenient online transactions. It is highly secure and trustworthy. ©Pixabay
How Does Payz Work?
Payz is a global payment provider that supports payments in over 50 currencies with just one account. You are able to send and receive money through your account, with instant transactions between other Payz users. It is completely free to open an account, and registrants will receive a Mastercard when they join.
You can deposit money into your Payz account through debit and credit cards and international bank transfers. Once your account is funded, you can choose Payz to make your online casino deposits. You’ll be prompted to log into your Payz account, which will link it to your wallet. Enter your deposit amount and confirm.
Alternatively, you can use your Payz Mastercard debit card to make withdrawals if you select the debit card option at the online casino. Once your account is linked, you’ll be able to use the method to make withdrawals. The process will be intuitive and easy for all types of users.
How Do I Sign Up to Payz?
To sign up with Payz, head to the Payz website. Click on the “Open an Account” button on the top right corner of the homepage. You’ll then be prompted to enter a username, email address, and set a password. Enter your country as New Zealand then set your currency as New Zealand Dollars.
You’ll then be prompted to provide your personal details, such as your name, address, birthday and phone number. Agree to the terms of use and click the “Create Account” button. You will find an outline of the process in a simple five-step guide below.
- Step 1: Click the Open Account button on the Payz website
- Step 2: Provide your username, email address, and password
- Step 3: Set your location and currency
- Step 4: Provide your personal details and create an account
- Step 5: Make a deposit with a bank transfer or credit card
Are There Any Fees and Limits?
There are fees placed on Payz payments that will be the same no matter what type of account you have opened. There are four different account options; Silver, Gold, Platinum and VIP. If you withdraw cash with your card, there will be a 2.00% fee, with the minimum being around $2.50 NZD.
Transactions to gambling sites will incur a 4.00% fee, with a minimum charge of around $1.50 NZD. Transaction processing is free, while currency conversion will incur a fee of 2.99%. As for limits, these will change depending on the account you hold.
The maximum daily transaction limit for Silver will be around $450, while the maximum for the higher-level accounts will be $900. The maximum monthly transaction limit for Silver members will be around $35,000 and for higher-level accounts, $62,000.
What Does Payz Do Differently?
There are several elements that set Payz apart from other major eWallets. The first is the option to hold multiple currencies in one account. You can easily convert these funds within your eWallet platform. The other distinguishing factor is the ability to set your deposit and transaction limits by choosing a different account level.
Reasons to Use Payz
One of the primary reasons for choosing NZ Payz online casinos is that the service has an extremely strong reputation. Since it was launched in 2000, Payz has been providing fast and secure transactions across the globe. The company is based in the UK and has been accredited by Financial Conduct Authority.
The company has won several awards, including the Best Prepaid Card Design at the Prepaid365 Awards. It has also been nominated for a Global Gaming Award. The company is owned by PSI-Pay Limited, an organisation that was formed in 2007.
Is Payz a Safe Payment Option?
You can be sure that Payz is a safe and secure payment provider. It meets all the minimum requirements of the Financial Conduct Authority (FCA), which means that its processes are closely monitored and audited by official government regulators. Some of the features that indicate its safety and security are:
- User finances are kept separate from their own
- Strong data security and encryption to prevent hackers and scammers
- Two-factor authentication is used for added security
- Users can adjust security settings to freeze cards and incur spending limits
Additional Details About Payz
Payz is also available for businesses. One of its primary features for businesses is that businesses can make low-cost payments to staff and other merchants with foreign currencies around the world. This is one of the same highlights that makes it one of the top NZ casino deposit methods.
Mobile Banking With Payz
There is an app for Payz that can be downloaded for both iOS and Android devices. It is strongly recommended that you download this, as it provides added layers of security with two-factor authentication. You’ll be able to access your account and make transfers wherever you are.
Pros and Cons of Payz
Before you totally commit to using Payz as your primary method for online transactions, there are several advantages and disadvantages that are worth considering. Below, we’ve outlined the pros and cons of Payz payments.
- + Great mobile app
- + Accredited by the FCA
- + Fast and easy payments
- + Highly secure and trustworthy
- + Quick to create an account
- + Reasonable fees
- — Not widely accepted at all sites
- — Relatively low maximum daily limits
Conclusion
Now that you’ve reached the end of this guide to the Payz payment method, you should now have enough information to help you decide if this is the best option for you. You can be sure that your payments will be fast, convenient and secure with Payz, with many great features to ensure versatile transactions around the globe.
