Payza

Payza logo

Payza is an e-commerce business allowing payments and money transfers to be made through the Internet. Previously the brand the service was marketed as was AlertPay.

When sending money using Payza a purchase can be funded from an existing Payza balance or using a credit card. When receiving money, all funds received are added to your Payza account balance. Methods for depositing funds into an Payza account include bank wire, by linking a bank account (e.g., ACH in the U.S.), by money order or certified check and other methods included prepaid card. These options vary based on geographic area.

Methods for withdrawing funds from an Payza account include bank wire, a localized bank transfer method (e.g., ACH transfer to a bank account in the U.s.), check and other methods including prepaid card. These options vary based on geographic area.

Contents

Description

Payza Review

Payza payment system was founded in 2012, in may, and was formed from the merger of another payment system AlertPay and UK-based MH Pillars Ltd, which specialized in prepaid cards. It is worth noting that both Alertpay and UK-based MH Pillars Ltd were not once noted in fraud, even when closing Alertpay all conclusions were carried out correctly, which gave their “daughter” Payza a big credit of trust among users[1]. The payment system is approved the Money Transfer Agent that works for the English interface. It is noteworthy that Payza is more focused on foreign clients than Alertpay, because it supports more countries (197), has many interesting features.

Advantages

The main advantage of working with Payza – high speed operations. Depending on the type of transfer, it may take several minutes. Also, the system is different:

  • Simple functionality and” friendly ” interface, which is easy to understand.
  • Access from mobile devices, that is, you go there from anywhere.
  • Ability to make a request to allocate funds from friends, family and others and get out instantly.
  • High safety. The modern system allows you to pay bills for the Internet and more, keeping the information confidential.
  • High-quality customer support. Despite the use of English, support responds so that the answer was clear to everyone.
  • Opportunity to receive income from the affiliate program[2].
  • The system supports 21 world currencies, so you can make payments around the world.

It is worth noting that using the system Alertpay completely transferred to the “Landscape” with the preservation of data, logins and passwords.

Deposit

When preparing to deposit funds the denomination is chosen for the destination wallet. Wallet currencies include the following:

  • U.S. dollar (USD)
  • Euro (EUR)
  • British pound sterling (GBP)
  • Canada dollar (CAD)

Withdraw

When funds are withdrawn, Payza will perform foreign exchange conversion into the choice of any of the following currencies:

Europe

Country name Currency Symbol Notes / Alternate
Austria (AUT) Euro EUR Euros
Belgium (BEL) Euro EUR Euros
Bulgaria (BGR) Bulgarian Lev BGN Bulgariam levove, leva
Czech Republich (DZE) Czech koruna CZY Czech koruna
Cyprus (CYP) Euro EUR Euros
Denmark (DNK) Danish krone DKK Danish kroner
Estonia (Est) Euro EUR Euros
Finland (FIN) Euro EUR Euros
France (FRA) Euro EUR Euros
Germany (DEU) Euro EUR Euros
Greece (GRC) Euro EUR Euros
Hungary (HUN) Hungarian forint HUF Hungarian forints
Ireland (IRL) Euro EUR Euros
Italy (ITA) Euro EUR Euros
Lithuania (LTU) Lithuanian Litas LTL Lithuanian litai
Macedonia (MKD) Macedonian Denars MKD Macedonian denari
Netherlands (NLD) Euro EUR Euros
Norway (NOR) Norwegian krone NOK Norwegian kroner (or kronor)
Poland (POL) Polish zloty PLN Polish zlotys
Portugal (PRT) Euro EUR Euros
Slovenia (SVN) Euro EUR Euros
Spain (ESP) Euro EUR Euros
Sweden (SWE) Swedish krona SEK Swedish kronor
Switzerland (CHE) Swiss franc CHF Swiss francs
United Kingdom (GBR) British pound sterling GBP British pounds sterling

Middle East

Country name Currency Symbol Notes / Alternate

Africa

Country name Currency Symbol Notes / Alternate
South Africa (ZAF) South African rand ZAR

Asia

Country name Currency Symbol Notes / Alternate
Hong Kong (HKG) Hong Kong dollar HKD Hong Kong dollars
India (IND) Indian rupee INR Indian rupees
Singapore (SGP) Singapore dollar SGD Singapore dollars
Malaysia (MYS) Malaysian ringgit MYR

North America

Country name Currency Symbol Notes / Alternate
Canada (CAN) Canadian dollar CAD Canadian dollars
United States (USA) U.S. dollar USD U.S. dollars

Central and South America

Country name Currency Symbol Notes / Alternate

Oceania

Country name Currency Symbol Notes / Alternate
Australia (AUS) Australian dollar AUD Australian dollars
New Zealand (NZL) New Zealand dollar NZD New Zealand dollars

Fees

There are no fees when sending money. The fee subtracted when money is received will vary based on the account type.

Risks

Funds received through Payza can potentially be put at risk if the buyer requests a chargeback. Payza’s policy is to close the account for any account holders who issue a chargeback.

Payza holds balances that might be at risk. The agreement states:

If you do hold a balance in your account, Payza will keep your funds separate from its corporate funds and will not use your funds for its operating expenses or any other corporate purposes.[3].

There is no mention if these funds are CDIC (Canadian) insured, FDIC (U.S.) insured, or any other indication of how or where these funds are held.

External Links

See Also on BitcoinWiki

References

  1. Overview of Payza Benefits – Financeonline
  2. BitcoinTalk – Payza SCAM
  3. 4.8 AlertPay Balance