Key Data

• Trading Name: ecoVoucher
• Legal Entity: IPS Solutions Ltd.
• Activities: Prepaid Payment Method
• Location: Cyprus
• Regulations: authorised by the Central Bank of Cyprus (CBC) /regulated by the the Financial Conduct Authority 
• Key People: Philip Davies /Matt Walton

ecoVoucher is a prepaid payment method allowing users to make secure online payments without a bank account or credit card.

It operates as part of the ecoPayz payment system,a registered trading name of PSI-Pay Ltd.

Offering

EcoVoucher provides a way to make online payments without the need for a bank account or credit card. Users can purchase vouchers from authorized resellers and use these vouchers to pay at any online merchant that accepts EcoVoucher.

Regulation

IPS Solutions Ltd (ecoVoucher) is authorized by the Central Bank of Cyprus (CBC) to issue electronic money and also to provide payment services under registration No 115.1.3.28.

PSI-Pay Ltd (Ecopayz) is regulated by the Financial Conduct Authority (FCA) in the United Kingdom, ensuring compliance with the highest standards of security and transparency in financial transactions.

Key People:

Philip Davies – Managing Director

• Background: Experienced in finance and business management.
• Role: Leading PSI-Pay’s strategic direction and regulatory compliance.
• Contribution: Expanded product offerings, ensured FCA compliance, and drove market growth​.

Matt Walton – Head of Operations

• Background: Expertise in financial operations management.
• Role: Overseeing daily operations and maintaining service efficiency.
• Contribution: Streamlined processes, optimized performance, and upheld service reliability​.

Serving Industries

EcoVoucher is widely used across various industries, including:

• E-commerce: For purchasing goods and services online.
• Online Gaming: Popular among online casinos and gaming platforms.
• Digital Services: Used for subscriptions to digital content, such as streaming services, software licenses, and more.

Customer Reviews

Trustpilot: 2,9 Stars with 1800+ Reviews

Positive Feedback

1. Ease of Use: User-friendly interface and easy account setup.
2. Security: Strong security features like two-factor authentication.
3. Transaction Speed: Fast deposits and withdrawals.
4. Customer Support: Helpful and responsive support (varies).

Negative Feedback

1. Account Freezing: Accounts being frozen without clear reasons.
2. Withdrawal Issues: Difficulties in withdrawing funds.
3. Customer Support: Poor experiences with slow or unhelpful responses.
4. Verification Problems: Delays and rejections in account verification.
5. Fees: High transaction and currency exchange fees.

Conclusion

We classify ecoVoucher as Green for compliance, as they provide all necessary details and information. However, we rate them as Orange from a merchant perspective due to the rather negative customer reviews.