EasyPay Brokers 2021 - Which Brokers Accept EasyPay?

EasyPay is a payment gateway service based in Ukraine, popular among Ukrainian 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.

Note: this review does not cover Easy Pay South Africa.

EasyPay Brokers

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EasyPay Headlines

Operating since 2007, the EasyPay group provides a secure and credible online payment gateway portal for all Ukrainian residents, licensed with the National Bank of Ukraine. The service processes millions of online transactions per day to more than 3,000 service providers. It is also a convenient e-money transfer method for brokers and traders.

easypay logo

Pros Of Trading With EasyPay

Easy Registration

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 so you can make payments.

Mobile App

The EasyPay app is available to download for iOS, Android, and Huawei devices for users to make payments and view transaction status while on the move. This is a helpful feature for clients that already trade forex and CFDs through mobile apps.

Virtual Card

The company 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.

Additional Features

Video tutorials are available online, including details of using the EasyPay app, registering a card, and money transfer. This means it’s quick and easy for clients to get to grips with the payment service.

Customer Service

EasyPay offers a 24-hour customer support service for users, a free-call phone number from Ukraine landlines or email support, plus an extensive FAQ section on the company website. So if you do encounter deposit or withdrawal issues, the customer support team should be able to advise.

Cons Of Trading With EasyPay

Daily Restrictions

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.

Excluded Countries

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.

Speed Reviews

Payments are accepted 24/7 and processed automatically for card-to-card transactions. Brokers have their own processing timelines which can cause delays in funds reaching or leaving trading accounts. As a result, it’s worth checking broker times before you opening a trading account and making a deposit.

Security

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

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.

EasyPay accepts payments from supported banks, debit and credit cards, cash via accepted terminals, and the company’s virtual cards.

Fees & Charges

Fees and commissions vary for a virtual card, bank card, or mobile transfers. Merchants and shops may have their own processing rates for this payment method, trading broker Larson & Holz charges 6% for clients depositing via EasyPay. It is also worth checking for withdrawal fees.

Is EasyPay A Good Choice For Traders?

EasyPay is an established, secure online payment solution, operating with high standards of data protection and security measures under Ukrainian legislation. Registration is simple, supported with 24/7 customer support and additional features such as a mobile app and virtual card are offered. However, fees and restrictions apply, and payments are only accepted in Ukrainian Hryvnia, limiting depositing options for many traders.

FAQ

What are the advantages of EasyPay vs other payment systems?

EasyPay is a secure online system working with payment cards. It’s 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 authorise 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 cards are designed for online payments without the need for a physical card. The user funds their electronic account with the necessary amount, then makes a secure payment without the risk of data leakage from a physical card.

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.

Are EasyPay payments safe?

All EasyPay payments require one-time password encryption to protect against online fraud and security scams.