Payz vs paysafecard
A side-by-side look at how these two wallets stack up — and which one wins for which job.
| Feature | Payz | paysafecard |
|---|---|---|
| Score | 3.5 / 5 | 3.4 / 5 |
| Best for | Established multi-currency wallet for gaming | Cash-funded online payments, no bank account |
| Monthly fee | No standard monthly fee | Unused codes: GBP 4 / EUR 4 a month from the 2nd month (UK, Ireland) |
| Exchange rate | ~2.99% standard tier | Conversion fee on cross-currency payments (rate not published) |
| Send / receive | Free P2P from Gold VIP up | N/A — pay with 16-digit PIN |
| Withdrawals | Varies by method & VIP tier | Refund of credit: GBP 6 (UK), EUR 7.50 (Ireland) |
| Card | Yes — Mastercard (Silver VIP tier and above) | Optional — paysafecard Mastercard (select markets) |
| Availability | 180+ countries | ~50 countries |
| Currencies | 45+ currencies | ~20+ currencies |
| Regulation | UK FCA (PSI-Pay Ltd) | Central Bank of Ireland (EEA: Paysafe Prepaid Services Ltd); FCA (UK: Prepaid Services Company Ltd) |
| Founded | 2000 | 2000 |
Payz
Payz is the rebrand of ecoPayz, one of the oldest e-wallets (since 2000), run by FCA-regulated PSI-Pay and offering 45+ currencies worldwide with a Mastercard and a tiered VIP programme. Its standout is a ~2.99% FX rate, undercutting Skrill and Neteller, though the best perks and the card are gated behind VIP tiers. A dependable, slightly cheaper alternative for everyday multi-currency use.
Pros
- Long track record (ecoPayz since 2000)
- Lower ~2.99% FX than Skrill/Neteller
- Supports 45+ currencies worldwide
Cons
- Best rates & card gated behind VIP tiers
- Card requires Silver VIP+ status
- Rebrand from ecoPayz still confuses users
paysafecard
paysafecard is a cash-based prepaid voucher that lets users pay online without sharing bank or card details, redeemable via a 16-digit PIN at gaming and digital-goods merchants. Bought at hundreds of thousands of retail outlets, it is ideal for the unbanked or privacy-conscious, though monthly service fees nibble at unused balances and it lacks full wallet features. Best treated as a top-up tool rather than a money-management account.
Pros
- No bank account or card needed to pay online
- Bought with cash at hundreds of thousands of outlets
- 16-digit PIN keeps your details private
Cons
- GBP/EUR 4 monthly service fee on unused codes from the 2nd month
- Conversion fees on cross-currency payments
- Not a full wallet — limited send/receive
The bottom line
Overall, Payz edges ahead with a score of 3.5 versus 3.4 — but the right choice depends on your priorities. Check both against your own country and use case before deciding.