Thursday, 18 April 2019

Payza Review - Legit or Scam


WHAT IS PAYZA?

Payza is an online payment processor which is used and available worldwide. By using Payza users can send, receive, deposit and withdraw their cash among many other facilities.

WHAT IS AN ONLINE PAYMENT PROCESSOR?

An online payment processor is such a system which allows users to perform financial transaction digitally on the web in a safe and secure manner. An online payment processor may be providing many facilities such as sending, receiving, depositing and withdrawing cash among many others. There are a number of popular online payment processors available such as Paypal, Payza, Skrill, etc among many others.

WHERE IS PAYZA BASED?

Payza is headquartered an based in london, united kingdom.

HOW LONG HAS PAYZA BEEN OPERATING?

Payza has been operating for over 7 years now.

DO PAYZA OFFERS A MOBILE APP?

Yes, Payza offers a mobile app which is available for both major mobile platforms like Android and IOS.

WHICH CURRENCIES DO PAYZA SUPPORT?

Payza mainly supports payments in the USD and EU but local bank transfers can be done in the respective country's local bank currency.

DO PAYZA SUPPORTS CRYPTOCURRENCIES?

Yes, supports deposits/withdrawals of cryptocurrencies

WHICH DEPOSIT/WITHDRAWAL METHODS ARE AVAILABLE?

Deposit Methods:

  • Bitcoin
  • Credit/Debit Cards
  • Bank transfer

Withdraw Methods:

  • Bitcoin
  • Credit/Debit Cards
  • Bank transfer

IS PAYZA AVAILABLE WORLDWIDE?

Yes, payza is available worldwide in most countries.

FINAL VERDICT?

Payza was a long running and trusted payment processor until 2017 when its original domain was closed by US authorities and it moved into its local EU domain. Since then despite multiple posts regarding continuing their services payza hasn't been able to recover in any way. Thousands of users worldwide have reported their funds to be stuck in the platform with no signs of resuming normal operations. Though payza is still currently functional on its payza.eu domain but most of the functionality is unusable with no customer support direction regarding when normal services will be resumed. Since payza has not officially announced their closure despite freezing of their bank accounts and their eu domain site for some reason still active though non-functional it is a huge scam in this current and must be completely avoided at any cost. Majority of the sites have already removed their API's from their merchant stores. Payza was great while it lasted but its nothing but a big scam now.

PROS:
Nothing since the site is no longer functional but for some reason is still online

CONS:
No longer functional
Users payments stuck
Still online and available in certain countries but not processing withdrawals
Nonexisting customer support

FINAL VERDICT: