Bad news from Ecopayz, similar to the recent Neteller news

[Kasino]

What do you think about Ecopayz news guys?
I hope that they will not give us a few days, as in Neteller case LOL

>> "Сurrently we are unable to issue new ecoCards or ecoVirtualcards to our customers outside the SEPA zone. We apologize for the inconveniences and thank you for your understanding." <<

 

[AussieDave]

My understanding from VIP support is... anyone who has a ecoCard etc, will not lose said card. Just new cards can not be issued to anyone outside SEPA countries.

While this may seem like a shitty thing, it's not as detrimental as the Neteller issue was. Eco still pays bank wires extremely fast.

• Eco - 36 hours or less to AU bank account (I'm sure that's faster again for others).
  
• Neteller - 8 working days average to AU bank account. (can take up to 10 working days, after 5 days processing)

Hence I'm not too fussed if Eco end up pulling the cards. Cause I can have my cash in my bank account within 36 hours

If all turns to shite, then I just have all my aff payments wired.



Edit: Regulation, licensing, KYC protocols, paper trails, Government laws etc., etc. All these enforce accountability and full transparency. The industry we've enjoyed for the last 20 years or so is now coming of age. I used to think all the aformentioned was a good thing. But now I'm not so sure.

Before all these rules and regulations, everyone was making cash. Now, even 32Red Plc has been sold. Something I didn't think would happen. Everyone is down-sizing or being absorbed by large corporations.

What has started happening, is only the tip of the iceberg. I fear the little-affiliates (1 person operated aff sites), will get slowly pushed out of the SERP's by those companies who have lately been on a buy-up-spree of larger aff sites. I believe the Guts Casino parent company, purchased a large aff site not long ago. Commercially it makes more sense to go this path, than pay affiliates for players. I'm not saying ALL is going to turn to shit tomorrow. But if your not a BIG affiliate then I don't see a bright future or continued income stream in this gig anymore. My advice, start putting away a nest egg, just in case

 

[casinonewbie]

Yer Neteller stall & slow down every wire payment for as long as they can, Ecopayz are way better than Neteller.

 

[casinonewbie]

I believe the Guts Casino parent company, purchased a large aff site not long ago

Can you name them please ?

 

[AussieDave]

Can you name them please ?

casinotopsonline.com - GIG (Gaming Inovation Group) and its subsidiary Innovation Labs, paid EUR 11.5 million
gaminginnovationgroup.com/ir/gig-signs-largest-affiliate-acquisition-till-date/

About Us (provides a time line of companies owned)
gaminginnovationgroup.com/about-us/

Frode Fagerli is part owner in Guts et al. He's also the head honcho at gigaffiliates.com

They've gone from a mere €1mil annual revenue in 2011, to a whopping €80m+ annual revenues by September 2016.

 

[Kadabra]

Definitely a stock that was worth investing in the past.

I wonder how invested they are with all those acquisitions (also Betit group 1-2 ago).

 

[casinonewbie]

casinotopsonline.com - GIG (Gaming Inovation Group) and its subsidiary Innovation Labs, paid EUR 11.5 million
gaminginnovationgroup.com/ir/gig-signs-largest-affiliate-acquisition-till-date/

About Us (provides a time line of companies owned)
gaminginnovationgroup.com/about-us/

Frode Fagerli is part owner in Guts et al. He's also the head honcho at gigaffiliates.com

They've gone from a mere €1mil annual revenue in 2011, to a whopping €80m+ annual revenues by September 2016.

Interesting article, the sentence "This is Innovation Labs’ largest acquisition to date and will significantly strengthen its position as a leading affiliate in Europe" this tells me this is not their first affiliate website purchase just the largest one to date. I do hope they can remain objective for their own brands . Affiliates should be wary of providing traffic to programs like GIG affiliates as they are competing directly against us in a very big way.

 

[KasinoKing]

Affiliates should be wary of providing traffic to programs like GIG affiliates as they are competing directly against us in a very big way.

That might explain why they perform very poorly on my site compared to other similar casinos... that and the fact they CHARGE players to Deposit AND to Withdraw...
If their turnover is only €80 million they probably can't afford to waive those fees...

KK

 

[i-man]

I remove these guys from my site after the acquisition. These guys can pull the plug on there affiliate programs at anytime, base on what is happen in this industry and the fact that GVC holdings is an investor. info here.. jobs.betitgroup.com/about-betit/. I'm not taking any chances base on pass issues with GVC such as. this, this and this.

 

[GrindingLife]

Hey guys, I found this thread with google and thought I should post since the information might be helpful to you (I work as an eWallet Affiliate, fyi)

I would encourage everyone who is non-SEPA to check within the ecoPayz Account if the Card is actually really not available for you