ecoPayz is a card payments specialist and a trading name of two registered financial entities:
- IPS Solutions Ltd, incorporated in Cyprus with registration number HE346719 and authorized by the Central Bank of Cyprus (CBC) to issue electronic money and provide payment services. The license number is 22.214.171.124.
- PSI-Pay Ltd, a UK company authorized and regulated by the UK Financial Conduct Authority (FCA) with the reference number 900011. The company is controlled by Avraham Shaked, a Cyprus citizen, and resident.
The ecoPayz Mastercard and the ecoPayz Business Mastercard are issued by PSI-Pay Ltd based on a license by Mastercard International Incorporated.
On Trustpilot, EcoPayz has a 2.6-star rating with a corresponding “Poor” trust level. However, some invited reviewers have recently given 4 and 5-star ratings. Otherwise, the rating would be at a scam level.
The many negative feedbacks from the internet cause us to put ecoPayz on the “Red Compliance Light” list.