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Payz in Swiss Casinos
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Known for its stable economy, beautiful nature, cheese, and chocolate, Switzerland is also one of the countries where the world's most lavish land-based casinos are. Until a few years ago, casino players in the country were only able to visit those brick-and-mortar establishments, but now, they also have access to online casinos. Regulating online gambling, the country has opened its doors to many operators, who offer all kinds of great payment solutions Swiss players can use, among which is Payz, a popular method across many casinos. By choosing it, you will get the smoothest deposits and withdrawals in your native currency, in addition to many other perks. If it sounds like a solution you'd like to try, continue reading to find out all about it. What is Payz and why would be the perfect method to use at a Swiss online casino?
Online Gambling Regulation in Switzerland
As introduced, Switzerland is considered one of the wealthiest, most prosperous countries in the entire world, so it should come as no surprise that it is also the home to the classiest land-based casinos. As of 2000, when it first introduced gambling legislation, the brick-and-mortar casino establishments in the country have been further contributing to its unrivaled economy. The revenue from these casinos arrived from both foreigners and Swiss players who were allowed to frequent them for over two decades, so seeing the potential in the industry, the country started considering regulating online gambling, too.
That’s how in 2019, Switzerland introduced the Money Gambling Act, a new law that legalized online alongside land-based gambling. However, the law introduced a condition for operators interested in getting a license to operate online. Namely, only those operators with an existing license to operate offline could apply for an online gambling license.
And since there were around 20 land-based operators in the country, in cantons like St. Moritz, Lucerne, Zurich, Basel, Baden and Bern, already offering the most luxurious brick-and-mortar casinos to Swiss players, most of them also applied for a license to operate online. The online gambling market launch was on the 1st of July the same year, and with it, all existing operators were given the green light to launch their online casino websites.
The three regulatory bodies in charge of issuing licenses and overseeing online activities are the Federal Gaming Commission, the Intercantonal Betting Board, and the Swiss Federal Gaming Board. These watchdogs ensure that no offshore sites are allowed to access the market, by blocking their IPs. Decisive in keeping online gambling activities in-house, the country is pretty strict when it comes to unauthorized sites accessing the market.
Nevertheless, as a Swiss online casino player, you still have plenty of options at your disposal, legit casinos to explore and join, offering all the game types you wish to play. Be that slots, Live Casino games, video poker, table games or online poker, you have all of these at your disposal.
These are provided by leading software developers who extended their portfolios in Switzerland by obtaining a license to legally offer their games on the market. We’re talking Play’n GO, Pragmatic Play, Red Tiger, and Spinomenal among others.
So, now that you know you have so many options in terms of games, you should know that across Swiss casinos, you also have a variety of payment methods to choose from, too. Among them, you’ll find Payz, a leading payment solution offering an eWallet and a prepaid card for you to maximize your online casino banking experience. It is a safe and well-reputed solution that has been around for decades, catering to casino players from all over the world. Therefore, if ready to find out more about its history and track record, make sure you stay with us, as we’ll explore that next. A bit later, we’ll even take you through the procedures you need to go through to start using it across Swiss casinos, too.
Using Payz Across Swiss Online Casinos
The name might not ring a bell, but you’ve surely encountered the solution across Swiss online casinos since it has been listed on the list of accepted methods from the moment Swiss operators launched their online casino sites in 2019. That's because, at the time, the solution was extremely popular across these sites, but known by the name ecoPayz. This was the name the solution went by for exactly a decade, since 2013, even though previously it was called ecoCard.
To clear things out, when it first launched as a prepaid card, it was launched under the name ecoCard. The prepaid card was really well accepted by European online shoppers, who couldn’t get enough of it, inspiring the solution to expand its reach and take its service globally.
Now catering to many countries across the globe, the solution introduced a new service to even further expand its user base. With the 2013 relaunch and the new name, also came the eWallet product. Offering two incredible products now, under the new name ecoPayz, the solution received the recognition it much deserved. It managed to smash its direct rivals that were also offering the same products, Skrill and Neteller since they decided to withdraw their prepaid cards form over 100 countries. That's when the solution stole the spotlight and gained more force to continue providing the most seamless alternative online payment service ever.
In the meantime, the solution continued adding new countries to its accepted countries list and started offering transactions in more than 50 currencies. In 2023, four years after the official Swiss online gambling market launch, the solution rebranded to Payz and is now known under this name. It hasn't introduced a new product this time, but you still have the two excellent products you could use for the smoothest transactions across the internet.
To start using either of the two products, all you have to do is register an account with it. The registration procedure will be extremely intuitive and easy since all you need to do is enter some basic details about yourself and select the Swiss francas your default currency. You can do that as soon as you go to its official website and press the Sign-Up button.
Once you’re done with that, you can continue with the next step: funding the account with money. You can do that with global payment solutions like VISA, Paysafecard, and Klarna, but also bank transfer, Google Pay and Trustly, among others. While you’re logged into your account, make sure you also order your prepaid card here, to be able to use both products later.
Since you can use the solution to both pay and get paid to and from anyone, from any place across the globe, it should come as no surprise to learn that Payz is an accepted method across hundreds of online casinos, offered for both deposits and withdrawals. In fact, you’ll find it across most, if not all, Swiss casinos, since it is incredibly popular among Swiss players. If you wish to figure out the exact steps you need to take to request a deposit or withdrawal with it at your chosen casino, stay with us as we'll take you through them next.
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Deposits and Withdrawals with Payz
We just mentioned that you will have no real trouble finding a suitable casino to join that accepts Payz and caters to Swiss players. Many sites with a license to operate in Switzerland offer it, so all you have to do is explore some options to get to your winner and create an account with it.
Once your online casino player profile is ready, you are also ready to make your first deposit. And to do that with Payz, you have to do the following:
- Log into your player profile and jump to the Payment Methods page.
- Locate Payz’s logo and press it.
- Once redirected to its official website, you’ll be instructed to enter your account credentials or card details to proceed.
- Specify how much you wish to deposit on your casino balance.
- Confirm the transaction and watch the funds arrive immediately.
While you had the option to make a deposit with both products, you can only make withdrawals with the eWallet. Due to the prepaid card’s nature, it doesn’t work both ways, so you’d need to log into your eWallet and request a payout. The operator will check your request and once it approves it, the funds will immediately arrive in your eWallet account, for you to cash them out as it suits you.
Conclusion
The fact that Payz allows for transactions in Swiss francs and is offered for both deposits and withdrawals across many Swiss casinos, should be reason enough for you to consider it as your default payment method. With it, you'll get the most cost-efficient transactions to and from online casinos and the most enjoyable online banking. So, make sure you at least give it a try, to see how convenient it will be for you to use in the future.
FAQs
Can I gamble online legally in Switzerland?
Yes, as of 2019, you’re officially legally allowed to engage in online gambling in Switzerland. Your online casino choices would be sites licensed to operate in the market, though.
Should I gamble across international casinos as a Swiss player?
The chances of joining an international casino are slim, in the first place, but even if you somehow get access to such a site, it is not safe for you, since the government takes illegal online gambling seriously, with regulators overseeing the industry and being really strict with those who break the rules.
Will I find Payz across many Swiss casinos?
Yes, sure. Since the online gambling market launch in Switzerland, the solution has been offered as one of the top solutions across Swiss casinos.
Do I need to pay deposit/withdrawal fees when using Payz across Swiss casinos?
No, not at all. The solution itself does not charge fees for deposits and withdrawals, but operators also do not charge Swiss players for choosing to use it to fund their accounts and cash out winnings from them.
Will Payz be offered for withdrawals by default if offered for deposits at Swiss casinos?
In theory, yes. Since the solution works both ways, it can process both deposits and withdrawals, but also offers some of the quickest withdrawals, you should assume that it would be offered for cashouts by default if already offered for deposits. Just in case, make sure you double-check the fact.
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