This prepaid virtual coupon system, established in 2016, falls under the PSI-Pay Ltd umbrella. The parent company is authorized for the issuance of electronic money by the Financial Conduct Authority (FCA) under the Electronic Money Regulations 2011.
ecoVoucher, described as “the smart way to pay online”, may have you wondering if you’ve hit the voucher jackpot but it leads to a lot of questions like how it works, who can sign-up and whether it really is safe. Well, you’ve come to the right place because we’re going to answer all of those questions for you.
How Does ecoVoucher Work?
The use of these vouchers is best suited for Canadians. The way you purchase these vouchers is either done online through resellers or from the Payment Source store network located in Canada. The website where you’re directed to purchase a voucher is in Turkish with all prices in Euro; however your voucher may be purchased in various currencies. If you reside in Canada, you may feel more confident going out and picking up a voucher locally in your own currency.
To get started you must be at least 18-years-old and you’ll want to ensure that the merchant or casino accepts this method of payment before you buy. To manage fraudulent activity, you may have no more than four vouchers at once loaded with a maximum combined value of EUR 1,000.00. Your identity will be verified so if you’re looking for an anonymous payment method, this may not be for you.
Once you purchase your ecoVoucher, you’ll receive a PIN that is encoded with the value and currency information, which is entered upon payment.
Pros & Cons
This method is especially convenient for the Canadian market. The ease and convenience of purchasing a voucher may be done in person at a retail shop rather than online if you prefer.
Nothing is perfect though so there are a few points to take note of. You must use the entire balance by the ‘Use by’ date or face a monthly charge once it expires. When currency conversion is required, the user is charged a currency conversion fee. Refunds are available but subject to a hefty fee and only if the full value of the voucher remains unused.
Read the terms and conditions and the list of fees.
Please note that these vouchers may not be used for online gambling purposes in the USA.
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