Ecobanq at Online Casinos in 2023
The e-wallet payment service Ecobanq is a new service mostly interesting to users from India, as it only accepts payments made in Rupee, but users from all over the world are accepted to register an account and use the service.
The e-wallet allows you to make fast withdrawals to shops and online casinos that accept this payment method, but there aren't many operators yet that accept this e-wallet. Popularity seems to grow among users and more shops and casinos offer the method.
Trusted Online Casinos with Ecobanq
Our overview shows you some of the online casinos that accept Ecobanq for payments to and form casino player accounts. Every casino has a valid license from at least one European jurisdiction and also a good reputation with players. They also accept players from all over the world, including India. You can find a detailed review for each casino operator.
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To use the Ecobanq service you'll first have to register a free account with the provider. The first step is to enter a valid email address and confirm it. Afterwards you can enter your personal information. Every newly registered wallet account is approved manually by a member of staff from Ecobanq, and they aim to approve the account within 24 hours.
The website is available in English and mostly targeted to users in India, but users from many countries are welcome to use it, that is, if you would like to have a e-wallet with Rupee currency (INR). As soon as your account has been approved you can make a deposit to load money into the wallet, and then you can start spending the money. There are a few depositing options available, including Mastercard and Visa card credit cards and bank transfers from participating banks in India.
Pros and Cons of Ecobanq
|✔||transactions are secured by SSL|
|✔||withdrawals are also possible|
|✖||best suited for users from India, as only Rupee are supported|
|✖||company information is scarce|
Deposits at casinos with Ecobanq
Making a casino deposit with Ecobanq is simple. Select it from the list of available casino payment methods, enter the amount of the deposit and follow the steps on screen to log in to the e-wallet and confirm the payment. Keep in mind that the e-wallet needs to have enough funds to effect the payment, otherwise it would be refused.
Withdrawals at casinos with Ecobanq
If you've previously used Ecobanq to fund your casino player account you can also use Ecobanq to make a withdrawal at the casino. You can then select it from available withdrawal methods and follow the steps on screen to make the withdrawal. Keep in mind that all withdrawals are checked by the casino and some time may elapse before they process it, but once it's been processed by the casino it should only take a few minutes before you have the money credited to your Ecobanq account.
The registration of an Ecobanq account is free and doesn't cost anything to maintain. However, depositing methods might incur fees, as well as withdrawals or when you make payments with other currencies, as these would need to be exchanged into Indian Rupees. There is no list of fees available on the website directly, but you can see them after you've registered and activated your user account. Also, some casinos may charge their own fees when making deposits or withdrawals (although most don't anymore these days), so keep an eye out on the fee policy at the casinos.
Ecobanq is an interesting new payment method for users in India who wish to have an e-wallet in Indian Rupee INR currency. However, the service is still very new, and we will see if the provider is serious about their business in time. Although payments are facilitated through secure channels, there is no company information or other user fund protection information.
Therefore we don't recommend keeping, or moving a lot of money through this service. It may be a good payment option for Indian players, but there are also a few other e-wallet providers, such as Neteller or Skrill who are licensed and regulated by the FCA (Financial Conduct Authority) of the United Kingdom. Also, there aren't many casinos yet that accept the payment method Ecobanq, so hopefully it will grow and expand to new markets and operators soon.
A deposit with Ecobanq is carried out within moments. However, you need to have funds in your Ecobanq account that cover the amount you wish to transfer
When you request a payment from a casino, it will also take a few minutes for you to receive the money, but only after the payment was processed by the casino. Keep in mind that a casino withdrawal can take a few hours or a day for the casino to perform necessary checks.
Whether or not Ecobanq is a safe and legit payment method is not an easy question to answer. The company is still very new, and has just been available since 2019, so they still have to prove their trustworthiness to their users. The transactions themselves are secured through SSL, which means payment information is encrypted when transmitted. The company also states that they will keep user information safe and not pass personally identifiable information on to third parties, unless it's absolutely necessary.
The company also claims that user funds are secured, but there is no information on how secured they actually are. There is also no information as to who exactly operates this payment method, where their offices are, and if they are regulated or supervised by any regulatory body.
With this in mind, we don't want to shun the service straight away, but recommend that you keep an eye on the service and how it performs over time.
Provided players from India, or your country of residence, are eligible to receive a casino bonus, you can usually get the bonus also when making a deposit with Ecobanq. However, in any case, take a look at the bonus terms.
There is no information provided on the website, on who operates Ecobanq, but the company appears to be registered in the British Virgin Islands.