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Online Business Opportunities >> Payment Processors >> Payza Updates
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Message started by SolidSnake on 7th May, 2014 at 2:32am

Title: Payza Updates
Post by SolidSnake on 7th May, 2014 at 2:32am
At first I thought I received another phising email in my inbox but then I decided to log in my Payza account to check it out and I noticed it was actually a major update regarding Payza...

Payza Update: Add Funds by Credit Card Feature Now Available

Read it all here :
https://blog.payza.com/payza-updates/announcements/payza-update-add-funds-credit-card-feature/


Quote:
Great news! Payza members can now add funds to their Payza accounts using Visa and MasterCard credit cards. The Add Funds by Credit Card feature has been fully restored and is available for Payza members in most countries no matter the account type, Starter, Personal or Business. Check Payza’s Local Payment Options page to ensure that credit card deposits are available in your country.

If you don’t already have a credit card connected to your Payza account, you can add one by following these steps:

Connect your Credit Card To Your Payza Account:

[olist]
  • In your Payza account, click “Wallet” > “Credit Cards”.
  • If you have not entered the information of the credit card you would like to use, enter it now.
  • Select the credit card you would like to use and click “Validate Card”.
  • For the Charge Method, In the “Validate by Charge” option box, click “Validate your Credit Card”.
  • Check the box agreeing to the charge and click “Next”.
  • In 2-4 business days, you will receive a small charge. Enter the amount of the charge in your Payza account to complete the validation.
    [/olist]
    You can also validate by Authorization Form, follow steps 1 to 3 above and then:

    [olist]
  • In the “Validate by Authorization Form” option box, click “Validate your Credit Card”.
  • Click the “Authorization Form” link and print out the form provided. Complete the form.
  • Scan the completed form and a copy of the front and back of your credit card.
  • On the Credit Card Validation page, upload the copy of the scanned form and the copy of the scanned front and back of your credit card.
  • Verify the documents and click “Send”.
    [/olist]
    Note that it will take 3-5 business days for your documents to be reviewed. If your documents are approved, your credit card will be validated for use.

    Add Funds to Your Payza Account by Credit Card:

    Once you have successfully connected your credit card to your Payza account, you can use it to instantly add funds to your account. Follow these steps to initiate a credit card deposit transaction:

    [olist]
  • In your Payza account, click “Add Funds” > “Credit Card”.
  • Select the credit card you would like to use.
  • Enter the amount you wish to deposit and click “Next”.
  • Confirm the transaction details, enter your Transaction PIN and click “Deposit”.
    [/olist]


  • Could this solve some of Venkat's problems?  :-?

    Title: Re: Payza Updates
    Post by venkat on 7th May, 2014 at 8:27am
    I hope so. I have got another card, by the way. I'll try it out too. :)

    Title: Re: Payza Updates
    Post by SolidSnake on 12th Aug, 2014 at 12:12pm
    And another update, though it seems pretty similar to their previous one but I think they improved the way it works even with withdrawals :

    https://blog.payza.com/payza-updates/announcements/introducing-top-up-feature/

    The way PayPal is treating PTCs these days, it's good to have some alternative.

    @Venkat: Btw, let me know if you succeeded to add your credit card to Payza..

    Title: Re: Payza Updates
    Post by SolidSnake on 18th Aug, 2014 at 1:38pm
    Updates keep coming.. it feels like Payza is gaining ground over time..

    https://blog.payza.com/payza-updates/announcements/withdrawal-credit-card-available-plus-introducing-top-up-feature/

    Title: Re: Payza Updates
    Post by SolidSnake on 12th Mar, 2015 at 11:00am
    And yes they finally made it! :)

    https://blog.payza.com/payza-updates/announcements/withdrawal-credit-card-available-plus-introducing-top-up-feature/

    I believe withdrawing to a credit/debit card is a really strong feature that would help a lot of people using it as an alternative to PayPal.

    As for the fees, they differ from country to country and you can see them here.

    For me they go like this :



    Which is fine when withdrawing larger than $100 amounts..

    Title: Re: Payza Updates
    Post by ruicarlov on 13th Mar, 2015 at 2:14am
    So exactly what's new? That blog post is from August and I've used that option some times in the past.


    SolidSnake wrote on 12th Mar, 2015 at 11:00am:
    And yes they finally made it! :)

    https://blog.payza.com/payza-updates/announcements/withdrawal-credit-card-available-plus-introducing-top-up-feature/

    I believe withdrawing to a credit/debit card is a really strong feature that would help a lot of people using it as an alternative to PayPal.

    As for the fees, they differ from country to country and you can see them here.

    For me they go like this :



    Which is fine when withdrawing larger than $100 amounts..


    Title: Re: Payza Updates
    Post by SolidSnake on 13th Mar, 2015 at 6:15am

    ruicarlov wrote on 13th Mar, 2015 at 2:14am:
    So exactly what's new? That blog post is from August and I've used that option some times in the past.

    Hmm.. it's weird.. I think I some how received an update and thought it was only announced back then... hmm.. that or I'm really getting old.. lol. Anyway, I hadn't posted the fees last time, had I?  :P

    Title: Re: Payza Updates
    Post by moneymarketing on 13th Mar, 2015 at 6:26pm

    SolidSnake wrote on 13th Mar, 2015 at 6:15am:
    Hmm.. it's weird.. I think I some how received an update and thought it was only announced back then... hmm.. that or I'm really getting old.. lol. Anyway, I hadn't posted the fees last time, had I?  :P


    D'oh! and I reposted it  at MTV and didn't even check the date :beatup

    Title: Re: Payza Updates
    Post by moneymarketing on 29th May, 2015 at 9:41am
    Payza Now Lets You Buy And Sell With Bitcoin!
    by payzablog on May 26, 2015



    Bitcoin checkout has arrived! Payza is happy to announce that Payza members can now use Bitcoins from their purchases at any Payza merchant. The “Pay with Bitcoin” option will soon be available with guest checkout as well, meaning Payza merchants will be able to process Bitcoin payments from just about anyone it the world!

    If you sell with Payza, you are now able to accept Bitcoin payments, the option has been automatically enabled for all of our merchants, you don’t need to make any changes. Even better, the payments will be sent in the currency of your choice straight to your e-wallet, just like always, so the only thing that changes is that you can now reach more customers.

    For buyers, using Payza to pay with Bitcoin has advantages over traditional Bitcoin transactions. If you make a purchase with Bitcoin from a Payza merchant, you will still benefit from Payza’s Buyer Protection, meaning if there’s a problem with the product or service you received, you can request a refund or file a transaction dispute, just like with every Payza transaction. You can buy with confidence knowing that all your Bitcoin purchases are protected by Payza the same as any other Payza payment.

    For more details about paying with Bitcoin, check out this post: https://blog.payza.com/payza-updates/how-to-use-payza/buy-bitcoin-payza/

    Title: Re: Payza Updates
    Post by SolidSnake on 6th Mar, 2016 at 11:48am
    I'm having trouble logging in to my Payza account right now.. The error I'm getting is:

    Quote:
    We apologize, but an unrecoverable error has occurred. Please click the back button on your browser and try again.


    I've googled it and it seems it has happened in the past and is a general issue that usually affects all members..
    Anyone else facing this?

    [edit]Ok, I guess it was a temporary thing.. it works fine now.[/edit]

    Title: Re: Payza Updates
    Post by SolidSnake on 10th May, 2016 at 2:03pm
    It seems Payza is gaining ground against PayPal lately in the PTC industry.
    I think it's becoming a new standard.. with many PTCs now having it as their main payment processor and focusing on it.

    It has kind of proven its ground in terms of stability with PTCs with only the original PTCBox having been blocked by it due to the huge amount of disputes the admin had triggered there. I really can't recall any other PTCs being blocked by it without a valid reason and definitely not the "too many transactions and a big balance" like in so many PayPal events. Don't get me wrong, I definitely love cashing out to PayPal but it sometimes feels really scary when I invest through it.

    With these in mind, I admit that I am getting more stress-less when investing in sites like YouGetProfit and FamilyClix that have survived just by using Payza for some time now. Sure, we are still talking about PTCs here, but this is a new age in the industry, a step forward and it might help with cleaning up that "unreliability" feeling that many people get when they hear the term PTC, which is of course good for us! ;)

    When the payment processor is not a problem it comes down to how good the admin's management will be in order for a PTC to survive, and a few other factors (like the host reliability, admin's marketing skills etc.).

    These are definitely some exciting days! [smiley=thumbsup.gif]
    I would love to see Payza's market expanding to other large scale marketplaces though like ebay, amazon etc., in order for our Payza balances to become even more useful.

    Title: Re: Payza Updates
    Post by moneymarketing on 10th May, 2016 at 7:41pm
    I think the fact that they convert Bitcoin is a brilliant move. That opens them up to a huge marketplace that paypal doesn't want to touch.

    I think it will come down to regulators. Even if payza does expand the regulators might stick their fingers in. That said, it seems payza has some pretty wise management guiding it

    Title: Re: Payza Updates
    Post by dansbanners on 10th May, 2016 at 11:38pm
    Funny thing is that I happen to have some concerns on Payza at the moment. First, when I made a deposit on 4/20, it wasn't completed till 5/5. And now when I made the deposit on 5/8, I was just told that the expectant clear date is not till 5/18. Now I never had this problem with paypal.

    Unless you guys know of a way around this? :-?

    Title: Re: Payza Updates
    Post by SolidSnake on 11th May, 2016 at 1:32am

    dansbanners wrote on 10th May, 2016 at 11:38pm:
    Funny thing is that I happen to have some concerns on Payza at the moment. First, when I made a deposit on 4/20, it wasn't completed till 5/5. And now when I made the deposit on 5/8, I was just told that the expectant clear date is not till 5/18. Now I never had this problem with paypal.

    Unless you guys know of a way around this? :-?

    Hmm.. I can't really tell about deposits as I am not able to do so for almost a year now, due to capital controls from my country..
    But as for receiving payments:

    If I receive a payment from a PTC or similar program I am able to instantly use the funds for another purchase.
    If I receive a payment for a sale on my own site though, the incoming funds get locked for a week before I can lay hands on them, which is understandable as a security measure and was clearly stated in our agreement since the launch of my Ads page.

    But I remember depositing funds from my debit card in the past and I think that was also instantly processed as if I was purchasing sth from Payza.

    Title: Re: Payza Updates
    Post by moneymarketing on 11th May, 2016 at 9:29pm

    dansbanners wrote on 10th May, 2016 at 11:38pm:
    Funny thing is that I happen to have some concerns on Payza at the moment. First, when I made a deposit on 4/20, it wasn't completed till 5/5. And now when I made the deposit on 5/8, I was just told that the expectant clear date is not till 5/18. Now I never had this problem with paypal.

    Unless you guys know of a way around this? :-?


    What you might want to do is deposit to bitcoin and then to payza. Once your money is in bitcoin the transfer takes as long as it takes to get the confirmations which can be a few hours

    Title: Re: Payza Updates
    Post by moneymarketing on 31st May, 2017 at 11:43pm
    Very happy with the bank transfer feature (not the bank wire feature) at payza. I requested the funds for the first time ever to be sent to my bank and within less than 24 hours it was sent. It hasn't posted to my account but I assume that will happen over night tonight.

    I don't know if my bank and country affected the speed of the transaction (which only cost 50 cents BTW) but I am glad it was this easy.

    This looks promising for the future  :)

    Title: Re: Payza Updates
    Post by SolidSnake on 7th Aug, 2017 at 3:53pm
    I've also tested the bank transfer for the first time.

    I requested funds on Thursday and they showed up as processed on Sunday on my bank account..

    I had checked on Saturday and it hadn't been processed yet, so to my surprise it did actually happen during the weekend.  :o

    The withdrawal fee was €2.50 but it's free above $200, that's good to withdraw more than that.

    Only fee after that is 2.5% on currency exchange.. which is kinda fair as the service should have some cost.

    Title: Re: Payza Updates
    Post by moneymarketing on 7th Aug, 2017 at 9:05pm

    SolidSnake wrote on 7th Aug, 2017 at 3:53pm:
    I've also tested the bank transfer for the first time.

    I requested funds on Thursday and they showed up as processed on Sunday on my bank account..

    I had checked on Saturday and it hadn't been processed yet, so to my surprise it did actually happen during the weekend.  :o

    The withdrawal fee was €2.50 but it's free above $200, that's good to withdraw more than that.

    Only fee after that is 2.5% on currency exchange.. which is kinda fair as the service should have some cost.


    It also seems that once you have done a few transactions, the transfers speed up. They seem to put you into a trust zone since there were no problems the first time

    Title: Re: Payza Updates
    Post by ruicarlov on 8th Aug, 2017 at 12:08am

    SolidSnake wrote on 7th Aug, 2017 at 3:53pm:
    The withdrawal fee was €2.50 but it's free above $200, that's good to withdraw more than that.

    Only fee after that is 2.5% on currency exchange.. which is kinda fair as the service should have some cost.


    I'm afraid it's not free to withdraw above $200, unless Greece is a special exception. I've withdrawn a pretty penny from there (see my Neobux cashouts), and those €2.5 were always there.

    As for currency exchange, 2.5%? Hah, nice joke.  ::)
    If you go to their exchange page, and convert $ to eur, and back  to usd again, you can see the cost is not that low.

    Title: Re: Payza Updates
    Post by SolidSnake on 8th Aug, 2017 at 1:14am

    ruicarlov wrote on 8th Aug, 2017 at 12:08am:
    I'm afraid it's not free to withdraw above $200, unless Greece is a special exception. I've withdrawn a pretty penny from there (see my Neobux cashouts), and those €2.5 were always there.

    As for currency exchange, 2.5%? Hah, nice joke.  ::)
    If you go to their exchange page, and convert $ to eur, and back  to usd again, you can see the cost is not that low.

    Ok, seems like I confused deposits with withdrawals..

    Deposits below €200 -> Fee: €2.50
    Deposits from €200 and up -> Fee: FREE
    Withdrawals (regardless of amount) -> Fee: €2.50

    Foreign exchange **      2.5 %


    Quote:
    ** For currency conversion within a transaction, the foreign exchange rate includes 3.5% over the wholesale exchange rate at which we buy our currencies. For manual currency conversion, the rate includes 2.5% over the wholesale exchange rate. Exchange rates are adjusted regularly.

    So.. I'm not entirely sure how much was held in my case.. I withdrew $115 that currently converted to euro equals €97.49 and received €91.13, so the amount deducted was ~€6.36.

    Title: Re: Payza Updates
    Post by ruicarlov on 8th Aug, 2017 at 1:31pm
    I might as well add that the manual currency conversion ends up using a better exchange rate then when doing it via withdrawal. So next time, first convert USD to EUR in their currency exchange page and then withdraw. You save a bit that way.

    Title: Re: Payza Updates
    Post by SolidSnake on 8th Aug, 2017 at 4:14pm

    ruicarlov wrote on 8th Aug, 2017 at 1:31pm:
    I might as well add that the manual currency conversion ends up using a better exchange rate then when doing it via withdrawal. So next time, first convert USD to EUR in their currency exchange page and then withdraw. You save a bit that way.

    Not sure when I will, but I'll try that for sure next time.. :)

    Title: Re: Payza Updates
    Post by ruicarlov on 9th Aug, 2017 at 9:13pm
    Just to be on the safe side, remember to check both rates when the opportunity arises, just in case something's changed in the meantime.

    Title: Re: Payza Updates
    Post by SolidSnake on 5th Sep, 2017 at 6:54pm
    Another interesting update from Payza:

    Payza Introduces Cryptocurrency Address Manager for Easy Bitcoin Transfers

    Just when I started thinking about using a bitcoin program.. :)

    Title: Re: Payza Updates
    Post by moneymarketing on 6th Sep, 2017 at 1:20am

    SolidSnake wrote on 5th Sep, 2017 at 6:54pm:
    Another interesting update from Payza:

    Payza Introduces Cryptocurrency Address Manager for Easy Bitcoin Transfers

    Just when I started thinking about using a bitcoin program.. :)


    Without having done any serious research on it yet, this looks good. This should help to turn BTC into cash and into the bank account if I ever need to do that in the future. I just need to watch out for the fees.

    I think with the cryptos it is good to have two 'escape routes' for your BTC at all times. Two accounts that you can use to funnel your BTC into  and if one is in jeopardy you have the other to fall back on while you develop the next alternate account

    Title: Re: Payza Updates
    Post by SolidSnake on 8th Sep, 2017 at 1:21pm
    So.. I decided to test the new Bitcoin system in Payza and I'm not sure that I did everything right but here's the process I have followed.

    This could be labeled "How to use Payza BTC balance to deposit bitcoin to FamilyClix" (or better how NOT to do it... lol)

    Firstly I created a bitcoin address for myself to function as a wallet where I'll be able to get paid at.
    This went smoothly and I added that address in my personal settings in FamilyClix so I will test it when my next payment gets ready.

    Now on the second part of my testing.. I've decided to deposit 50 USD to FamilyClix (to also benefit from the 15% deposit promo).

    So firstly I had to transfer money from my USD balance to my BTC balance and for this purpose I exchanged 57.95 USD that I had lying there to 0.01179115 BTC.

    The exchange rate at the time was 1 BTC = $4914.70 USD.
    Transfer was instant and all went well with it.

    And now on to the final part of the process. I had to send 50 USD equivalent BTC amount to FamilyClix.
    I went over to the FC site and selected deposit by Bitcoin.
    They displayed their Bitcoin address and requested me to send them 0.01073753 BTC.

    I went back to my Payza account to find how to do it and figured out that in order to send BTC to external bitcoin wallets I would have to use the withdrawal option and inserted there their provided bitcoin address.

    Then a transaction fee popped up.. and that was 0.001 BTC.. which translates to 4.66 USD..  Is this normal? :-?

    I guess with every deposit so far it was FamilyClix that was paying the Payza fee, so I went ahead and picked the option "the recipient pays the fee" and completed the transaction as suggested. I'm not sure what I should do but since I was in the middle of it I decided to complete it anyway. Nonetheless there was the 15% deposit bonus that would cover the expense anyway.

    But after completed the final step I got this notification:


    Quote:
    Perfect! We are reviewing your withdrawal and getting it ready to send to your bitcoin wallet.
    Expected date: 09/11/2017


    At first I thought "Oh,  :censored, I won't make it before the promo ends".. but less than 10 minutes later I received an email from Payza stating that the transaction was completed.

    But then another email popped up in my mailbox from coinpayments.net.. stating that there was an incomplete transaction..
    The balance remaining showed 0.001 BTC which was the amount of the fee.. so I had to send an additional 0.001 BTC to the given address in order for it to be completed.

    I went back to my Payza account to send the additional amount and realized that it would mean another 0.001 BTC fee..
    And I had less than 0.002 left in my BTC balance to complete it anyway..   ;D

    So.. I now have to wait until the expiration of the confirmation time in order to claim my funds back and re-send them the payment.  [smiley=sad.gif]

    What have we learnt? :)
    When it comes to Bitcoin payments through Payza the buyer pays the fee..  :dontknow

    Title: Re: Payza Updates
    Post by SolidSnake on 8th Sep, 2017 at 1:28pm
    I forgot to mention that the expiration of the transaction is in 1d 1h 29m 11s so I'lll have to wait it out and see how it goes.

    Now regarding the fee it's 4.66 USD when depositing 50 USD which equals to 9.32% of the total amount.. isn't that a bit too high?

    Sure the deposit promo will cover it but where's the benefit in that..  I'll only receive  5.68% bonus for my deposit while if I used directly Payza USD balance I would earn a full 10% bonus. And what would happen when they don't run a promo?

    Is it just Payza overdoing it like this when it comes to fees or do other options take such a huge advantage of them as well?
    Also what happens when we get paid in BTC from FC, do they pay the fees or do we still receive less than we withdraw?

    [edit]Btw, I've opened up a support ticket on FC to ask them in case there's anything else we can do about the incomplete transaction.
    Let's see..[/edit]

    Title: Re: Payza Updates
    Post by ruicarlov on 8th Sep, 2017 at 4:16pm
    I hadn't tested the new platform, but I wouldn't want to, anyway. A little while ago I tried to experiment a bit on their btc conversions and came to the conclusion the fees were too high everytime. I made a small exchange of usd to btc in their internal conversion and simulated a withdraw in BTC and I understood that if the exchange rate was better in one option, then I had the 0.001BTC fee.

    It was actually cheaper to just withdraw to my bank account (after converting USD to EUR in the exchange currency page), and then make a SEPA deposit to bitstamp with their automatic conversion of EUR to USD. Their rates are miles better than in Payza.

    I had around a 3.5% fee of currency conversion in Payza, and just 0.25% to get USD again in Bitstamp

    Any other way I would end up close to those 8-9% you mentioned.

    Title: Re: Payza Updates
    Post by moneymarketing on 8th Sep, 2017 at 6:55pm

    SolidSnake wrote on 8th Sep, 2017 at 1:28pm:
    I forgot to mention that the expiration of the transaction is in 1d 1h 29m 11s so I'lll have to wait it out and see how it goes.

    Now regarding the fee it's 4.66 USD when depositing 50 USD which equals to 9.32% of the total amount.. isn't that a bit too high?

    Sure the deposit promo will cover it but where's the benefit in that..  I'll only receive  5.68% bonus for my deposit while if I used directly Payza USD balance I would earn a full 10% bonus. And what would happen when they don't run a promo?

    Is it just Payza overdoing it like this when it comes to fees or do other options take such a huge advantage of them as well?
    Also what happens when we get paid in BTC from FC, do they pay the fees or do we still receive less than we withdraw?

    [edit]Btw, I've opened up a support ticket on FC to ask them in case there's anything else we can do about the incomplete transaction.
    Let's see..[/edit]


    I've heard transaction fees are that high due to the whole segwit issue. It may be some time before they normalize. This is one reason I'm not using them for PTC transactions at the moment. With the price volatility and the transaction fees, it is just not worth the slippage when there is much more certainty in US dollar payza transactions.

    I'd recommend only taking payments in BTC at this time so as to build a stake and do your transactions in payza US$

    You might want to check this thread every once in a while to get up to speed on the whole BTC topic

    https://www.reddit.com/r/Bitcoin/

    Title: Re: Payza Updates
    Post by ruicarlov on 9th Sep, 2017 at 6:17pm

    moneymarketing wrote on 8th Sep, 2017 at 6:55pm:
    I've heard transaction fees are that high due to the whole segwit issue. It may be some time before they normalize. This is one reason I'm not using them for PTC transactions at the moment. With the price volatility and the transaction fees, it is just not worth the slippage when there is much more certainty in US dollar payza transactions.

    I'd recommend only taking payments in BTC at this time so as to build a stake and do your transactions in payza US$

    You might want to check this thread every once in a while to get up to speed on the whole BTC topic

    https://www.reddit.com/r/Bitcoin/


    Nope, that test was before the segwit issue. Payza has always been heavy on the fees. Bitcoin is no exception.

    Title: Re: Payza Updates
    Post by SolidSnake on 9th Sep, 2017 at 9:22pm
    So.. here's my long story short..  ;D

    0.01179115 ($57.95 converted to BTC from USD at the rate of 1 : 4914.70 within Payza)

    0.01073753 (sent to FC through coinpayments.net)
    0.00105362 (left in my Payza BTC Balance)

    0.001 (fee that Payza kept)
    0.00973753 (arrived at coinpayments.net for the transaction but didn't justify it)

    0.00953753 (refunded from coinpayments.net-to my payza BTC balance)

    0.01059115 (final Payza BTC balance)

    0.0012 (lost from the whole process)

    Now the funny thing is that the BTC:USD ratio dropped ~$700 today so if I convert them now to USD I'll have lost $5.89764, if I converted them at the same price I'd have lost $5.10.

    Either way the fee was too high for a transaction of this small volume.. I'm not entirely sure if 0.001 is a fixed fee or variable.

    The good point is that I have kept it in BTC so it may go up again.. :)

    Title: Re: Payza Updates
    Post by SolidSnake on 4th Oct, 2017 at 12:05pm
    Fresh nice update from Payza regarding Bitcoin:

    blog.payza.com

    It's like they heard us talking about their fees.. lol

    Well, they've lowered the bitcoin withdrawal fee from 0.001 BTC to 0.0005 BTC.
    That's not exactly perfect, but it's half of what it was before so it's bearable now.

    Only problem now is the fee that gets deducted from FC when they pay us through Bitcoin.

    Title: Re: Payza Updates
    Post by ruicarlov on 4th Oct, 2017 at 5:45pm

    SolidSnake wrote on 4th Oct, 2017 at 12:05pm:
    Only problem now is the fee that gets deducted from FC when they pay us through Bitcoin.


    I haven't seen anything different in FC. Do you know what they use to pay us in bitcoin? Probably coinpayments, but we don't really see anything about that on our end.

    Title: Re: Payza Updates
    Post by SolidSnake on 5th Oct, 2017 at 11:23am
    Yes they use CoinPayments.net for payments to us.

    I requested a new payment through Bitcoin on FC yesterday, so I'll know for sure if there are any fees as soon as I receive the BTC in my Payza Balance.


    Title: Re: Payza Updates
    Post by SolidSnake on 6th Oct, 2017 at 4:29pm
    So, I received my payment from FC in Bitcoin without any fee..

    I requested $40 and received the exact equivalent (at the moment of the transaction) amount in my BTC balance.

    Now if I try to convert the amount to USD within Payza the conversion rate is:

    1 Bitcoin = $4231.20 USD

    while the live ratio is:

    1 Bitcoin = $4370.78 USD

    Now why do they have that kind of difference?

    Title: Re: Payza Updates
    Post by ruicarlov on 8th Oct, 2017 at 9:02pm
    Payza always fed itself on exchange fees in the past. Thinks that's gonna change now with Bitcoin?  :money

    Title: Re: Payza Updates
    Post by moneymarketing on 8th Oct, 2017 at 11:24pm

    ruicarlov wrote on 8th Oct, 2017 at 9:02pm:
    Payza always fed itself on exchange fees in the past. Thinks that's gonna change now with Bitcoin?  :money



    Hopefully they see that lower fees = greater volume

    Title: Re: Payza Updates
    Post by SolidSnake on 9th Oct, 2017 at 9:39am

    ruicarlov wrote on 8th Oct, 2017 at 9:02pm:
    Payza always fed itself on exchange fees in the past. Thinks that's gonna change now with Bitcoin?  :money

    I don't think it's exactly a matter of greediness.. :P

    I did exchange yesterday from USD to BTC at the live value without any fee at all.. it was the exact price google reported..
    So, there must be some other factor that plays a part.. maybe they don't update their price live... I wouldn't know for sure.. :dontknow

    I made another deposit through Bitcoin to FC yesterday and here's my experience this time..
    I checked google's live BTC:USD ratio and then Payza's. They did match, so I went to FC and initiated the process to add funds.

    Then even though the price hadn't fluctuated, the amount Coinbase stated, that I had to transfer to them was just a bit higher.
    I'm not sure what the reason for that was, I can only guess it's something similar to the difference I noticed with Payza before..

    There must be some kind of delay with payment processors when updating their rate.  :-/
    I'll take a look at their T.o.S. to see if they state something about that.

    Title: Re: Payza Updates
    Post by SolidSnake on 3rd Feb, 2018 at 9:32pm
    Payza must be undergoing a big update.. I got a notification today that some transactions may not show up correctly due them performing upgrades. Maybe they will announce more alt-coins soon.. Let's see.. :)

    [edit]Note: My R4A payment has not shown up yet on my BTC balance in Payza..[/edit]

    Title: Re: Payza Updates
    Post by SolidSnake on 23rd Mar, 2018 at 11:43am
    OMG, just read MM's post regarding Payza on the MTV thread and couldn't believe my eyes..

    https://www.coindesk.com/us-crypto-payza-money-laundering-lawsuit/

    (just posting the news to have them in this thread as well)

    So, if US wins the lawsuit, this could really boost the BTC price with a huge leap..

    What do you think?

    Title: Re: Payza Updates
    Post by ruicarlov on 23rd Mar, 2018 at 12:18pm
    I think that I should pray that I don't lose my money on Payza.

    Title: Re: Payza Updates
    Post by SolidSnake on 23rd Mar, 2018 at 1:24pm

    ruicarlov wrote on 23rd Mar, 2018 at 12:18pm:
    I think that I should pray that I don't lose my money on Payza.

    I think a "Plan B" solution would be to convert your USD balance to BTC and then send it to a private wallet.. this way no matter happens with Payza, you can always exchange or use your BTC elsewhere..

    Title: Re: Payza Updates
    Post by moneymarketing on 23rd Mar, 2018 at 4:22pm
    It's always wise to keep a low balance in those accounts anyway. I would rather trust it in some sites than in the processors

    Title: Re: Payza Updates
    Post by ruicarlov on 23rd Mar, 2018 at 11:25pm

    SolidSnake wrote on 23rd Mar, 2018 at 1:24pm:
    I think a "Plan B" solution would be to convert your USD balance to BTC and then send it to a private wallet.. this way no matter happens with Payza, you can always exchange or use your BTC elsewhere..


    I already did that, of course. Let's see if they still pay in BTC or if the impact of frozen assets will lead to problems even with that.


    moneymarketing wrote on 23rd Mar, 2018 at 4:22pm:
    It's always wise to keep a low balance in those accounts anyway. I would rather trust it in some sites than in the processors


    Actually, my trust in most sites has reached an historical low after eveything seems to be blowing up in my face.

    Title: Re: Payza Updates
    Post by dansbanners on 24th Mar, 2018 at 12:58pm

    moneymarketing wrote on 23rd Mar, 2018 at 4:22pm:
    It's always wise to keep a low balance in those accounts anyway. I would rather trust it in some sites than in the processors

    You had to pay a fee each time you transferred the funds to the bank. So it got some people thinking not to overdo it on the withdrawing aspect cause of this.

    Title: Re: Payza Updates
    Post by SolidSnake on 4th Jun, 2018 at 2:31pm
    I had a BTC transfer locked somewhere in the limbo of the verification process so I was trying to reach Payza support somehow..
    It was really confusing why nothing could get me a reply till I found out in their facebook page a link to this blog post which clarifies what's going on with them.

    If your attempts to contact Payza support fail, then you should read this post first..

    So here's the link to make someone's life easier:
    https://blog.payza.eu/payza-updates/announcements/payza-still-restructuring/

    (It was published 4 days ago, on May 30, 2018)

    Title: Re: Payza Updates
    Post by ruicarlov on 4th Jun, 2018 at 5:30pm
    Let's hope it's true and that funds will be released. I still have ~0.1 BTC pending. It used to be close to $1000 when I requested it, though...

    Title: Re: Payza Updates
    Post by dansbanners on 5th Jun, 2018 at 1:28pm
    You may want to use the funds to purchase some advertising. Better that you make some use of it than not use it at all.

    Title: Re: Payza Updates
    Post by ruicarlov on 6th Jun, 2018 at 6:00pm

    dansbanners wrote on 5th Jun, 2018 at 1:28pm:
    You may want to use the funds to purchase some advertising. Better that you make some use of it than not use it at all.


    It hasn't been an option for quite a while since all transactions are suspended and sites acren't accepting Payza, anyway.

    Title: Re: Payza Updates
    Post by dansbanners on 7th Jun, 2018 at 7:03pm

    ruicarlov wrote on 6th Jun, 2018 at 6:00pm:
    It hasn't been an option for quite a while since all transactions are suspended and sites acren't accepting Payza, anyway.

    Ok. Good point. Although I did suggest it to some of the members back then when it first happened. But they either didn't think it would effect their own country or they made a big deal of wanting to cash out just a couple of bucks. I'm glad that I grabbed the opportunity when I had the chance and use the funds to purchase some advertising. Which I'm still feeling the after effect from that good decision.

    Title: Re: Payza Updates
    Post by SolidSnake on 8th Jun, 2018 at 1:08am

    dansbanners wrote on 7th Jun, 2018 at 7:03pm:
    Ok. Good point. Although I did suggest it to some of the members back then when it first happened. But they either didn't think it would effect their own country or they made a big deal of wanting to cash out just a couple of bucks. I'm glad that I grabbed the opportunity when I had the chance and use the funds to purchase some advertising. Which I'm still feeling the after effect from that good decision.

    Yeap, I used as much as I could as well.. till sites stopped accepting payza.. then converted the rest to BTC and tried to make a purchase and boom.. btc in limbo.. :)

    Let's just wait it out..

    Title: Re: Payza Updates
    Post by ruicarlov on 8th Jun, 2018 at 12:17pm
    As soon as that happened, I made immediate conversion into BTC and tried to send it to a wallet. All the money in my account got withdrawn safely, but the one in my mother's account got stuck in limbo, despite requesting the cashout at the same time.
    Looking back, maybe I should have put everything in my account and withdraw it,

    But who could guess these things in advance?

    Title: Re: Payza Updates
    Post by dansbanners on 8th Jun, 2018 at 1:36pm
    No problem. I was more or less referring to another forum whereas I not only made this suggestion but also saw many of them complaining later on about their money being stuck.

    Title: Re: Payza Updates
    Post by dansbanners on 9th Jun, 2018 at 1:38pm
    Sometime in the PTC industry there are too many members that thinks that net marketing is all about "willing to do tons of clicks just to cash out a couple of bucks". And don't even think of advertising nor try to get any referrals.

    Title: Re: Payza Updates
    Post by MikeyLow on 12th Jun, 2018 at 11:06am
    And they don't even think about value of this traffic.

    Title: Re: Payza Updates
    Post by dansbanners on 12th Jun, 2018 at 1:45pm
    Sometime having "too many members that are willing to do tons of clicks just to cash out a couple of bucks" could cause problems in a program if not enough referrals are coming in.

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