Page updated on 11.08.2019

Ecobanq Casinos and Guide for Deposits and Withdrawals

Ecobanq Ecobanq Ecobanq is an e-wallet payment service predominantly for users in India, but users from other parts of the world can also sign up if they wish to have an e-wallet in the Indian Rupee currency, as only this currency is supported.

It's an easy and fast payment method that you can use to deposit funds to online casinos and also make withdrawals back to your e-wallet account. It's also possible to send funds to other online shops, provided they accept this payment method. It's still a relatively new payment method, so they still have to prove they are serious, but their user number is growing by the day.

Advantages

  • fast and SSL-secured transactions
  • deposits and withdrawals are possible

Disadvantages

  • e-wallet currency only in Indian Rupee INR
  • mostly targeted to users in India
  • support email is a gmail address and corporate information and supervision is unclear

All Ecobanq Casinos:

There are a few online casinos that accept Ecobanq as a payment method for deposits and withdrawals. You can find our overview of providers here, and also take a look at detailed reviews for each casino. All casino operators also carry a valid license from a reputable jurisdiction, and have a good reputation with the players.

Name Highlights Rating Links
Genesis Casino + interesting softwares
+ reliable payments
+ over 1,300 games
Visit
Review
Casino Joy + established operator
+ speedy payments
+ over 1,300 games
Visit
Review
Vegas Hero + interesting bonuses
+ fast payments
+ over 1,300 games
Visit
Review
Casino Cruise + many promotions
+ fast payments
+ over 1,300 games
Visit
Review
Sloty + great bonuses
+ fast payments
+ over 1,300 games
Visit
Review
Spinit + great promotions
+ fast payments
+ over 1,300 games
Visit
Review

How does Ecobanq work?

To use this service you'll first have to register an account with the provider. The registration is straight-forward and you need to first use your email address to create the account. You'll then be sent a verification email and you will need to click on the link in the email to further process the registration.

In the next step you'll need to enter some personal information for your user account, including name, address, date of birth, password and more. Although the service is mostly targeted towards users from India, the only website language offered is English. After you've entered your details, the registration will be manually reviewed by a member of staff within 24 hours.

After the account has been accepted you can deposit funds into it and then spend the funds at online shops or casinos who accept this payment method. You can load up your Ecobanq account through several means, including Visa or Mastercard credit cards, or through a bank account from a participating bank in India.

Casino deposit with Ecobanq

Making a deposit to an online casino with Ecobanq is simple. Select the payment method, enter the amount you wish to deposit and follow the steps on screen to login in to your e-wallet account. Keep in mind that overdrafts aren't possible, so make sure that you can cover the funds of your deposit.

Casino withdrawal with Ecobanq

Ecobanq can also be used for the casino withdrawal, provided that you've previously used it for the deposit as well, as most reputable casinos will process withdrawals only to the same method used for the deposit. Select Ecobanq as the withdrawal option, choose your amount and follow the steps on screen to have the money transferred to your e-wallet.

Fees for using Ecobanq

Opening and maintaining a user account at Ecobanq is free. When making a payment in another currency with Ecobanq the provider will apply conversion fees that you should see before the payment is effected. Unfortunately, the payment provider is not clear about fees before you login, but fees can be seen after you've logged in and they vary for payment types. Fees seem to apply for withdrawals from your Ecobanq account back to your own bank account as well, and they will be deducted from the withdrawal.

Most casinos that offer this payment will likely not charge their users a fee, but keep an eye out on the fees structure of the respective casino before making the transaction.

Is Ecobanq a safe payment method?

Well, this is a difficult question, and the answer isn't easy. First of all, the transactions are secured through SLL, which means transmission is secure, but the payment provider itself doesn't disclose any information about them on their own website. Furthermore, there is no information regarding who regulates or supervises the payment provider, or where their offices are located.

Although the company claims that your payments are safe and your funds protected, it's not clear who will guarantee that your funds are indeed safe. Another thing is that the contact email address is a gmail address and not one from their own domain, which seems a little untrustworthy. In their terms and conditions they also state that they are not a chartered bank or a deposit taking financial institute, but instead a financial agent.

With this in mind, we don't recommend storing vast amounts of money in your e-wallet, as there is no security of it actually being protected by any law. However, it's a convenient payment method for players who wish to transfer money quick and without much hassle and who don't have any other options available.

Conclusion

Ecobanq may be an interesting payment option for users from India who aren't able to use any other payment method to deposit funds to casinos. As it's a new provider, time will tell if the payment provider is serious about their business, so we'll keep you updated. Although Ecobanq payments are SSL-secured, there is little to no information about financial regulation or the company itself. This e-wallet service facilitates payments in Indian Rupees (INR), and if you wish to pay in other currencies, conversion fees will apply.  If you'd rather use a regulated and licensed payment provider, you may want to take a look at Neteller or Skrill, who also accept users from India. There aren't many online casinos yet that accept this payment method, however, it may well be that users appreciate the service and it will grow and expand to reach agreements with more casino payment providers.

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