EasyPay Brokers 2022 - Which Brokers Accept EasyPay?
EasyPay is a payment gateway service based in Ukraine, popular among local merchants and banks, as well as forex trading brokers. Here we review EasyPay finance as an online payment option for traders, plus detail the registration and login process. We have also compiled a list of the best brokers that accept EasyPay deposits in 2022.
FxGlory offers leveraged trading in forex and commodities through the MT4 desktop and mobile platform.
Note: several companies operate under the name, EasyPay. This review focuses on the payment provider based in Ukraine. This does not include reviews of EasyPay South Africa.
The EasyPay group provides a secure and credible online payment gateway portal for all Ukrainian residents. It was founded in 2007, by Oleksii Avramenko.
When it first launched, it was a centralized digital payment platform, but it has since grown substantially and today it is licensed by the National Bank of Ukraine. The service processes 450,000 transactions per day to more than 3,000 service providers. It is also a convenient e-money transfer method for brokers and traders.
Deposits & Withdrawals
To make payments, locate the EasyPay logo within your trading account portal, follow the on-screen instructions, and enter the deposit amount. Minimum and maximum payment limits, daily transfer amounts, and processing times may differ by broker.
The brand accepts payments from supported banks, debit and credit cards, cash via accepted terminals, and the company’s virtual cards.
Traders can also use of 19,500 physical terminals located across Ukraine to deposit and withdraw funds, though the number of accessible terminals following the 2022 Russian invasion is still unclear.
EasyPay supports near-instant deposits. Payments are accepted 24/7 and processed automatically for card-to-card transactions.
Online brokers have their own processing timelines which can cause delays in funds reaching or leaving trading accounts. It is worth checking broker processing times before you opening a trading account to avoid disappointment. With that said, the top platforms process deposits almost instantly while withdrawals clear within two to five working days.
Fees & Charges
Fees and commissions vary for virtual cards, bank cards, or mobile transfers. When it comes to using the virtual or physical bank card, the firm supports zero-commission transactions. This is particularly important for traders looking to make regular deposits and withdrawals. There are also regular cashback offers available.
However, fees do apply to direct card transfers. For example, Forex and CFD Broker, Larson & Holz, charges a hefty 6% for clients depositing via EasyPay.
Merchants and shops may also have their own processing rates for this payment method.
EasyPay is a secure direct payment gateway trusted by many businesses and users. Security protocols include:
- Highest level compliance of Payment Card Industry Data Security Standard (PIC DSS)
- Data encryption integrated on the website via SSL certificate
- One-time password encryption for every transfer
All payments can be tracked via the the brand’s app or website, which provides an added layer of security.
Pros Of Trading With EasyPay
Registration is simple and takes less than a minute. Click on the logo located at the top right-hand corner of the company website and enter your mobile number to receive an activation code. Then follow the instructions to get your account up and running. Once complete, you can start making payments.
The company’s app is available to download for iOS, Android, and Huawei devices, allowing users to make payments while on the move. This is a helpful feature for clients that already trade forex and CFDs through mobile applications.
The firm offers a virtual card for secure online transfers. The payment card is mainly used for bills, banking, and other services often without commission. Currently, this is only available for site and app users and subject to the transfer and balance limits.
EasyPay does support automatic payments. If this is something you are interested in, you will need to set this up through the app or website. This feature is particularly useful when it comes to paying bills or even when funding trading accounts.
Cons Of Trading With EasyPay
Restriction rules apply, this includes payments per day or maximum payment transfer amounts. Note, a maximum of 70 payments per month from one card up to 150,000 Hryvnia is allowed. Visit the payment provider’s website for full details on limits.
EasyPay is only accessible to residents of Ukraine in the national currency Hryvnia and does not allow international transfers. This will rule out the payment gateway for many traders and brokers.
EasyPay offers a 24-hour customer support service for users, a free-call phone number from Ukraine landlines, email support, and an extensive FAQ section on the company website. Support is available in English, Ukrainian and Russian.
If you do have any questions regarding your EasyPay account such as deposit or withdrawal issues, how to register or log in, the customer support team should be able to advise.
Is EasyPay A Good Choice For Traders?
EasyPay is an established, secure online payment solution, operating in accordance with Ukrainian legislation. Registration is simple, users are supported with 24/7 customer support and additional features such as a mobile app and virtual card are offered. The EasyPay payment gateway is a handy one-stop-shop for bill paying, transfers and deposits and withdrawals from your online trading account. Seamless integration makes for a pleasant user experience.
However, fees and restrictions do apply, and payments are only accepted in Ukrainian Hryvnia, limiting depositing options for many traders. If this is the case, e-wallet platforms such as Skrill or Neteller are worth considering.
What Are The Advantages Of EasyPay Vs Other Payment Systems?
EasyPay is a secure online system that can be used to pay bills, parking and even as a means of funding your trading account. It is compliant with PCI DSS for a high standard of information security plus it operates under Ukrainian legislation.
How Do I Add A Payment Card To EasyPay?
Access your personal account, select the ‘Maps’ tab then ‘Add Map’. Complete relevant details and authorize to save data. Activate the card by entering the security payment block amount accessed via internet banking, text message, or contacting the issuing bank provider.
What Is The EasyPay Virtual Card?
The Virtual card is designed for online payments without the need for a physical card. The user adds funds to their electronic account, any they can then make a secure payment directly.
My EasyPay Payment Is Displayed As Successful But No Money Has Been Received Yet, What Should I Do?
EasyPay payments are processed instantly however the time for funds to be received varies, most are receipted between 15 minutes to 6 hours. This will also vary by broker. If the issue persists, reach out to the customer support team who should be able to assist further.
Are EasyPay Payments Safe?
EasyPay is a secure platform that upholds high levels of security. All EasyPay payments require one-time password encryption to protect against online fraud and security scams.