A Quick Guide to Using Payz (ecoPayz) for Online Payments
Payz, widely known by its former name ecoPayz, is a well-established and globally recognized digital wallet (e-wallet) that allows you to make fast, secure, and private online payments. As a comprehensive payment solution available in North Macedonia and worldwide, it’s a popular choice for online shopping, services, and iGaming.
What is Payz (ecoPayz)?
Payz is a classic e-wallet. It functions like a secure online account where you can hold, send, and receive money in multiple currencies. Unlike direct bank transfer methods, Payz acts as an intermediary, meaning you fund your Payz account first and then use that balance to pay merchants. This adds a powerful layer of privacy, as you don’t need to share your personal bank or card details with every site you transact with.
How to Use Payz for Payments: A Step-by-Step Guide
Getting started with Payz involves creating and funding an account, which then allows for instant payments.
Step 1: Create Your Free Payz Account First, you need to register for an account on the official Payz website. This involves providing some personal information and choosing your preferred currency. To unlock all features and higher limits, you will need to complete a standard identity verification process by submitting the required documents.
Step 2: Fund Your Payz Account Once your account is set up, you need to add money to it. Payz offers a variety of funding methods, including:
- Credit or Debit Card (Visa, Mastercard)
- Bank Transfer
- Other local and international payment options
Choose your preferred method and follow the instructions to transfer funds into your e-wallet.
Step 3: Make a Payment on a Website When you are ready to pay at an online merchant:
- Select Payz (or ecoPayz, as some sites may still use the old branding) from the list of payment options at the checkout.
- You will be redirected to the secure Payz login page.
- Enter your Payz username and password to access your account.
- Review the transaction details (amount and merchant name) and confirm the payment.
The funds will be transferred instantly from your Payz balance to the merchant.
Key Advantages and Considerations
- Privacy and Security: Your bank and card details are only shared with Payz, not with the end merchant, which significantly enhances your financial privacy and security online.
- Instant Transactions: Payments made from your Payz account are processed immediately.
- Multi-Currency Support: You can hold balances in various currencies, making it ideal for international transactions and helping to avoid conversion fees.
- Optional Prepaid Cards: Payz offers virtual and physical prepaid Mastercards (the Payz Card) linked to your account, allowing you to spend your balance anywhere Mastercard is accepted.
- Fees: Be aware that fees can apply for certain actions, such as depositing funds, withdrawing money to your bank account, or currency conversion. It’s always best to check the fee schedule on their website.
In summary, Payz is a versatile and secure e-wallet that provides a reliable way to manage your online spending while protecting your financial information.
