EZeeWallet is a newcomer to the field of digital wallets used to make online payments. It was founded in 2020 as a subsidiary of emerchantpay Ltd. in the United Kingdom. Since eZeeWallet has received regulatory approval for deposits and withdrawals in 189 countries, it is accessible to a large number of users.
No one using eZeeWallet need worry about breaking the law because the company is based in England and is governed by the UK Financial Services Authority. Under the Electronic Money Regulations 2011, Emerchantpay Ltd. is permitted to offer payment processing services and to issue electronic money. Certifications include ISO 9001:2008, ISO/IEC 27001:2013, and PCI DSS, and the company has a licence from the Financial Security Authority. These measures demonstrate that eZeeWallet has a reliable information security management system in place.
In short, eZeeWallet is a fast and safe payment system that gamblers can use to make purchases from a variety of online gambling sites. In this review, we’ll do our best to list all of the advantages offered by this service.
How eZeeWallet Functions?
Everything you’d expect from a modern digital wallet is present in EZeeWallet. You can put money into it, use it to buy things, and take money out of it. Your money is stored safely by the service, and you can use it to buy things online or in person. To put it simply, eZeeWallet is an electronic replacement for your traditional wallet that offers greater versatility and convenience.
When it comes to online sports betting, e-wallets are among the most time-efficient banking options available. When compared to its more well-known rivals, eZeeWallet’s variety of deposit options is on par. Clients have a wide variety of deposit options, including Neosurf, Trustly, Klarna, Giropay, iDeal, MultiBanco, PayU, and Bradesco, among others. Visit eZeeWallet’s website, select your country of residence, and the currency you intend to use, and you will be shown the specific deposit methods you are permitted to use. There are currently support for EUR, AUD, BRL, GBP, CAD, COP, DKK, INR, MXN, PEN, PLN, SEK, and CHF from the payment service provider.
Sports betting on mobile devices is just the latest example of the meteoric rise of mobile services over the past few years. The owners of eZeeWallet made the right call by spending money on the creation of specialised mobile applications, as this will allow them to reach a wider audience. If your mobile device meets the eZeeWallet’s minimum specifications, you can grab it from the Play Store or Google Play. Users of iOS 13.1 or later or Android 6.0 or later can download and use the e-wallet app.
Opening an eZeeWallet Account
Customers need to sign up for an eZeeWallet account before they can use any of the services offered by the digital wallet. The entire process typically takes no more than 5 minutes to complete. Inputs required for registration include but are not limited to: email, password, full name, birth date, country, and currency. Make sure your provided email address is correct, as that is where you will receive the activation link.
First-time users must provide details such as a physical address and contact number in order to access their accounts for the first time. If you skip this step, eZeeWallet will not allow you to make any deposits, transfers, or use any of its other features. The same holds true if your chosen payment processor cannot validate your details for whatever reason.
Your current eZeeWallet account verification level determines the maximum amount you can add to your wallet. If you’re at the first, lowest tier, you can’t put away more than €150 annually. This amount is inadequate for any use of eZeeWallet, so please provide as much detail as possible along with the appropriate supporting documentation. There is a €15,000 annual cap on deposits.
Keep in mind that the eZeeWallet platform will automatically log you out if you are logged in but remain inactive for more than 20 minutes.
Depositing to Your Sportsbook Balance
Deposits to sportsbook accounts are just one example of what you can do after creating an eZeeWallet account and funding it. At first, you need to check out the payment terms and conditions of a bookmaker who accepts this method of payment. After you’ve done your research and determined that the risks are manageable, you can open a betting account and make your initial deposit.
The process is pretty simple and will take no more than a few minutes of your time. All you have to do is follow these simple instructions:
- Get yourself to the cashier of your favorite sportsbook.
- Follow the link to the deposit page.
- Put in your eZeeWallet information now.
- Just sign in to your electronic wallet with your credentials and decide how much you want to put in.
- Bet after the money has arrived.
Once the transaction is confirmed, money will appear in your account balance almost immediately. From this moment on, you can spend it in parts or as a whole observing the bookie’s requirements.
Pay attention to the eZeeWallet transaction limits set by each online sportsbook. There is no universal limit set by the payment gateway; rather, it varies both by country and by currency. If we use EUR as our example currency, players can typically deposit anywhere from €10 to €2,500.
As you can see, eZeeWallet is just as easy to use as other popular brands like Neteller, Skrill, and PayPal when topping off your betting balance. Punters who are accustomed to this service but are looking for a new service provider can benefit from this payment option because of this similarity.
Withdrawing from Your Sportsbook Balance
Bettors can use eZeeWallet, like most other e-wallets used for online sports betting, to both make initial deposits and cash out their winnings. Furthermore, there is typically no fee associated with such exchanges. Since the minimum and maximum withdrawal limits vary from site to site, you should research this information before initiating a withdrawal. You may withdraw your earnings at any time as long as the total value of your real money balance is within the permitted threshold.
This digital wallet implements a withdrawal process that is very similar to the deposit process. Sign into your sportsbook account, head to the cashier, enter the amount you wish to transfer, and then follow the on-screen instructions. After that, the online bookmaker will review your request, determine if any bonus wagering requirements remain outstanding, conduct any necessary verification procedures, and then release your funds.
To withdraw your winnings, you should wait no longer than 48 hours at the absolute most. However, if you later decide you’d like to use the money in your eZeeWallet account for everyday purchases, you will need to transfer the funds to your personal bank account. Depending on your bank’s policies, the whole thing could take up to 7 business days.
Cost and Fees
eZeeWallet is one of the most cost-effective payment methods in the realm of online sports betting. There are no fees associated with making a deposit into your sportsbook account, and it is becoming increasingly common for bookmakers to not charge a fee for making a withdrawal. This means that you can risk the full amount that you put in, regardless of how much you initially deposit. Your eZeeWallet account will be credited with the full amount of your winnings.
Also, there are no charges for using eZeeWallet on a regular basis, either monthly or annually. If there has been no activity for 6 months, the payment processor will begin charging a €3 monthly inactivity fee. Any remaining balance will be reduced until either the available balance reaches zero or a new transaction is processed.
You can fund your eZeeWallet account in a variety of ways, as we mentioned above, depending on your location and preferred currency. The good news is that a number of them (BCMC, EPS, GiroPay, iDeal, MyBank, Klarna, and Trustly, among others) don’t cost you anything extra. Only purchases between €10 and €2,500 are permitted. To add funds to your eZeeWallet via MultiBanco or SafetyPay will cost you 1%, while adding funds via Neosurf will cost you 4%.
You can only withdraw funds from your eZeeWallet by sending them to your bank account if you do not wish to use them for any further online transactions or payments. No matter what currency you use or where you are, there will always be a small cashout fee. There is a two percent fee for withdrawals between ten euros and fifty thousand euros for customers from the majority of European countries. For locals in Australia, the charge is 1% plus $7 AUD of the total.
Consider carefully what currency you want to use as the default when you first set up your eZeeWallet account, as a 3% fee will be applied if you need to convert currencies. Keep in mind that once you have registered for an account, you cannot make any changes.
Security and Privacy
Protecting your money is a top priority at every step of the financial life cycle, from generating revenue to disbursing funds. The more precautions a payment processor takes to protect its customers’ information, the better. When it comes to security, EZeeWallet is among the best digital wallets available. In order to keep its customers’ money safe, the firm uses a segregation strategy. This means that the moment funds are received, eZeeWallet immediately deposits them into separate, secure accounts. The latter are established solely with approved financial institutions and are not linked to eZeeWallet’s own finances.
Because end-to-end encryption is utilised by this relatively new e-wallet platform, users can feel safe in disclosing personal information. Keep in mind that if you use eZeeWallet to make a variety of online payments, including deposits to a sportsbook account, you will never have to give out your personal banking information. Two-factor authentication safeguards all of your financial dealings.
The firm asserts that it safeguards its clients’ interests through a mix of technical, administrative, and physical measures. Protecting against unauthorised access involves measures like firewall upkeep, data encryption, and authentication procedures.
Further to the foregoing, eZeeWallet’s website also features a detailed Privacy Policy. The Data Protection Officer can be reached at [email protected] if users have any concerns or comments about the security of their personal information. You can reach the helpful folks at eZeeWallet by calling +44 8082812474 or writing to them at [email protected].
Advantages of eZeeWallet
Perhaps a review of the advantages offered by eZeeWallet will help you decide if it is the right payment option for your sports betting experience. When compared to its competitors in the digital wallets industry, the company has few territorial restrictions and is active in 189 countries. Popular countries include Australia, New Zealand, Canada, Germany, the Netherlands, and Sweden.
Furthermore, this payment service is advantageous because it allows for the loading of accounts in multiple currencies. We find it curious that eZeeWallet, which is popular in the United States, does not support transactions in US dollars. There are a variety of deposit options, such as internationally recognised payment systems and local banking options.
The site for this digital wallet is extremely comprehensive and easy to navigate, so users can learn just about anything they need to know. Users can manage their money from any location, thanks to the streamlined interface. EZeeWallet was developed specifically for use on mobile devices; it has a top-notch in-browser app in addition to native Android and iOS apps.
eZeeWallet is a convenient option for gamblers because it enables them to make instant, fee-free deposits and withdrawals. You won’t have to worry about finding an alternative method of getting your hands on your winnings.
Concerning security, eZeeWallet is undeniably a reliable payment option. It operates under the watchful eye of authoritative bodies, and it has obtained licences attesting to the fact that it takes privacy and security very seriously. The most compelling piece of evidence is the ever-increasing number of users, which wouldn’t be possible if there were serious vulnerabilities.
Disadvantages of eZeeWallet
Although there are many positives to using eZeeWallet, there are also some drawbacks to consider. You probably already know that the digital wallet can be used in more than 180 countries. Nonetheless, only English, Spanish, and Portuguese users have access to its website. Due to the delicate nature of the payments industry, a thorough understanding of all facets of money management is essential. It’s not realistic to assume that everyone can read one of those languages and will use eZeeWallet, so we welcome any progress in this area.
We also think that USD transactions should be an option with the payment solution provider. The American market is sizable, so neglecting it is not smart business. In addition, numerous types of customers all over the world use and accept the currency. Remember that all the major players in the online banking sector offer USD transfer services. eZeeWallet needs to adjust its policy in this respect if it aspires to compete with the best payment gateways.
Whether the eZeeWallet deposit limits are viewed as a benefit or a drawback in the context of online sports betting depends on whether the bettor in question is a casual gambler or a high-stakes player. The maximum bet of $2,500 is not enough to impress even the most casual gambler, but it is suitable for those who struggle to keep their spending under control.
It’s likely that online bookies still don’t accept eZeeWallet because of the issues we’ve already discussed. Of course, we have to remember that the firm is in its infancy and has yet to develop.
Conclusion
Although it has only been available to the public for a brief time, eZeeWallet has already garnered a reputation as one of the best electronic wallets available. This payment option is well-liked by its customers because of the convenience of its many available deposit methods, the robustness of its security features, and the variety of devices on which it can be accessed.
Online sportsbooks are beginning to accept eZeeWallet due to its advanced features and user-friendliness. Though the industry’s biggest names still refuse to process deposits and withdrawals through this digital wallet, it’s a fantastic option for punters who are able to use it.
There are certainly room for development, as there always is with a novice. Nonetheless, they are not particularly significant, and the provider is more than capable of resolving them. The road ahead for eZeeWallet is paved with promise, so long as the company follows a sound management strategy and adapts to the realities of the market. Remember to keep an eye on them.
