Payza: Difference between revisions
→Risks: Add mention regarding unverifiable assurance in customer agreement. |
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An e-commerce business allowing payments and [[:Category:Money_transmitters|money transfers]] to be made through the Internet. | An e-commerce business allowing payments and [[:Category:Money_transmitters|money transfers]] to be made through the Internet. Previously the brand the service was marketed as was AlertPay. | ||
When sending money using | 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. | |||
==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When funds are withdrawn, Payza will perform foreign exchange conversion into the choice of any of the following currencies: | |||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=== | |||
{| class="wikitable" | |||
|- | |||
| 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=== | |||
{| class="wikitable" | |||
|- | |||
| Country name || Currency || Symbol || Notes / Alternate | |||
|- | |||
|} | |||
===Africa=== | |||
{| class="wikitable" | |||
|- | |||
| Country name || Currency || Symbol || Notes / Alternate | |||
|- | |||
| South Africa (ZAF) || South African rand || ZAR || | |||
|} | |||
===Asia=== | |||
{| class="wikitable" | |||
|- | |||
| 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=== | |||
{| class="wikitable" | |||
|- | |||
| 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=== | |||
{| class="wikitable" | |||
|- | |||
| Country name || Currency || Symbol || Notes / Alternate | |||
|- | |||
|} | |||
===Oceania=== | |||
{| class="wikitable" | |||
|- | |||
| Country name || Currency || Symbol || Notes / Alternate | |||
|- | |||
| Australia (AUS) || Australian dollar || AUD || Australian dollars | |||
|- | |||
| New Zealand (NZL) || New Zealand dollar || NZD || New Zealand dollars | |||
|} | |||
==Fees== | ==Fees== | ||
There are no fees when | There are no fees when sending money. The fee subtracted when money is received will vary based on the account type. | ||
==Risks== | ==Risks== | ||
Funds received through | 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: | |||
:: <tt>If you do hold a balance in your account, | :: <tt>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</tt>.<ref>[http://www.alertpay.com/en/agreements.aspx#4.0 4.8 AlertPay Balance]</ref>. | ||
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. | |||
==See Also== | ==See Also== | ||
Line 18: | Line 154: | ||
* [[Buying bitcoins]] | * [[Buying bitcoins]] | ||
* [[Selling bitcoins]] | * [[Selling bitcoins]] | ||
* [[ | * [[Payment methods]] | ||
==External Links== | ==External Links== | ||
* [http://www. | * [http://www.payza.com Payza] website | ||
* [ | * [https://www.payza.com/support/payza-transaction-fees Transaction Fee Schedule] | ||
==References== | ==References== |
Latest revision as of 07:39, 7 August 2012
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.
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.[1].
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.
See Also
External Links
- Payza website
- Transaction Fee Schedule