The customer is not permitted to initiate a chargeback (the return of funds to the customer, forcibly initiated by the customer’s credit/debit card issuer, from the seller). If the customer does initiate a chargeback, then the customer’s account will be immediately limited and the customer will be subject to a $25 non-refundable penalty fee. There’s a long list of industries, which I won’t copy here.
They set up an .eu for people living in Europe when they got problems in the US, but that site isn’t paying either. Can’t even send money from me to me… Have tried to email them but it just bounces. I’m a US citizen, so all of my Payza funds got frozen by the USDOJ in November of 2013. Yep, they are STILL frozen today, almost 6 years later.
It’s tempting to simply attribute the company’s complicated payment system and rate structure to poor website design, but there may be more to the story. The vast majority of Payza negative reviews by merchants have been filed with regard to sudden, long-term fund holds and account freezes. Since the company reserves the right to place any funds withheld from merchants in an interest-bearing account, Payza does have some incentive to withhold funds. Given the company’s apparently aggressive hold policies, the lack of clear information on its website is a major cause for concern and has lowered the company’s score to a “C” in this section. Adding the bank account will allow you to withdraw the balance that you have in your Payza account to your local bank account. For that, click on the “Withdraw Funds” button on the top of your screen.
There is NO reason in the world it should take 16 days of holding my money to release it to the payee other than collecting interest for the 16 days. There is absolutely NO reason in how payza works the world for anyone to trust this either criminal or incompetent outfit with their money. To complicate matters further, the company appears to have offices all over the world.
It just so happens that Stripe is known to be the top choice for such a service. Stripe is hailed as one of the best PayPal alternatives, thanks to its flexible deals and multiple payment and checkout options, including Visa, JCB, Mastercard, and American express. Users can also add money to their own accounts in a variety of ways. Bank wires, cashier’s checks, automated clearing house transfers, and credit and debit cards are all acceptable transfer methods. Payza works by having users set up either a personal or business account. The users then send their money from accounts by clicking pay now buttons on their websites.
Considering the company’s complaint volume and resolution ratio, we see no reason to adjust the BBB’s rating.
- But including this in the terms of service basically feels like a cop-out or an excuse to terminate accounts when people are unhappy, and Payza doesn’t want to deal with it.
- The Biggest Fraud in internet.don’t do business with them.they eat your money.
- They are generally friendly, helpful, and most importantly, magnanimous even when they don’t need to be.
- Then again, it’s possible that Payza deletes those comments.
CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. CoinDesk journalists are not allowed to purchase stock outright in DCG. He said many of these considerations were the product of Payza’s near-decade of experience in the payment industry, working with both regulators and its banking partners.
What is Payza and why should you implement it in your ecommerce?
I’m a freelancer and decided to get paid thru Payza, as I liked the ide of using their Prepaid card. My client sent me money, I withdrawed them to my local bank account. Payza emiled me saying max 12 bussiness days , but it has been 13 business days and they declined my transcation and the money are on hold now…I sent them 3 tickets , but got no reply. There is no telephone and I’m very desperate and dont know if I ever get my money back. I’ve been waiting for more then 9 working days to receive a payment into my bank account. Since it took only a couple of days or even a single one sometimes to receive the money I think this was a big problem.
Also, their currency conversion rates are best suited if you are processing under 10k/month. Anything above, you are best to get a dedicated merchant account and trade currencies through a broker. Similar to Skrill, Payza was first introduced as an Alertpay site.
Business Account and Personal Account
I was greatly concerned about some of the bizarre terms of service but satisfied with their social media and content marketing. I am also uncomfortable with the overly defensive tone used when Payza responds to some negative reviews and complaints. It almost feels like gaslighting, and it absolutely reeks of paranoia. I personally wouldn’t like to be attacked for expressing my opinion, even if turns out I was misinformed.
Payza offers an FAQ section on its website, chat support, and a ticketing system. Payza is worst and No.1 fraud company, they never release our cash but status shows cash is launched. And of course, when you want mPOS to enrich your on-line sales, you’ll have to look elsewhere. In these cases, you would possibly as properly get Square or PayPal, which tick the entire packing containers after which some. If you desire a broad assortment of integrations to handle your corporation, Payza isn’t for you both. Payza has the standard Twitter account (@PayzaOfficial) as well as a devoted Twitter help channel (@PayzaSupport).
Withdraw up to $9,999 per bank transfer/wire transaction. However, before you can use those features, you need to sign up for an account. And then you need to submit your website for review. If you want to load funds into your Payza account, it’s going to cost you, which is a major difference between it and PayPal. Only logged in customers who have purchased this product may leave a review.
This comment refers to an earlier version of this review and may be outdated. I found the reference center to be more useful in delving into Payza’s features and capabilities and the basic setup process. Again, this could be a serious inconvenience for people who operate on a commission basis.
One Star deduction if the processor is suffering from moderate client complaints. I don’t see how this is relevant since I never state in the review that PayPal’s holding policy is better or worse than Payza’s. I have had $5000 and I actually heard back from DOJ. They told me they were going to send me a claim form about 9 months ago, but they never sent it. Last call I made was March 2015 and still yet no reply.
It appears that they have spent OUR money and that is why you can not get a bank withdrawal. I send payza another email and they said i had to upload an document for proof,makes no sense because their bank already confirmed they had received it. So, just FYI, Payza & it’s mother company are both phonies. They are a very large scamming operation designed to steal your money. Oh, by the way, Payza is NOT a legally formed company anywhere in the U.S.
There’s even a micropayments option for small-ticket transactions. Payza gateway is very useful, because fees are low in comparaison of Paypal…You can withdraw too to a bitcoin adress, and have https://1investing.in/ a credit card. The plugin works very well, without problem, but payza must verify your website before accept and authorize payments. For me payza is regarded one of the best payment processors.
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Bank transfers incurred a flat rate, while using bitcoin incurred a mining fee. Payza enabled account holders to deposit funds and keep balances in an e-wallet. Depending on their location, users could deposit and withdraw funds via wire transfer, bank transfers, credit and prepaid cards, and bitcoin.
Payza offers a payment gateway for merchants to accept online payments. Provides e-commerce payment processing, corporate disbursements, and remittances for individuals and businesses. Supports bank transfers, bank wires, credit and debit card payments, and Bitcoin payments. Offers web and app-based wallet for topping up Payza account for P2P money transfer. Payza operates by having its users send and receive money from dedicated Payza accounts.