July 02, 2014 08:00 ET

Payza Adds Payment Processing and eWallet Service in U.S.

New Services Available to Consumers and Merchants Immediately

MONTREAL, QC and NEW YORK, NY and LONDON, UNITED KINGDOM--(Marketwired - Jul 2, 2014) - Payza, among the world's most widely used payment platforms, has announced its online payment processing and eWallet services are now available to U.S. residents and businesses.

"We have one of the largest global footprints in the industry," commented Firoz Patel, EVP of Strategic Partnerships and Global Brand Services. "Payza is currently being used by over 10 million people worldwide as well as 75,000 merchants. We expect U.S. merchants and consumers to take advantage of that user base swiftly. This is another major step in extending a full set of products and services to both developed and developing countries."

The new services will allow U.S. members to send and receive secure, instant payments to other Payza members from around the world in more than 20 local currencies. eWallet deposit and withdrawal options are integrated with major banking systems such as EFT and ACH, and credit card deposits and withdrawals are also supported. Businesses that make regular payouts to freelancers and international contractors can take advantage of the Mass Pay feature for simplified corporate disbursements.

For merchants, the platform offers an easy-to-use recurring billing service for subscription based billing cycles, at no additional charge. The feature has a variety of intervals and billing terms and is created at a product level so additional products can complement the basic subscription. Merchants can also give their customers the option to securely save their payment information for faster repeat checkouts.

The Payza platform is compatible with a wide range of shopping carts including ZenCart, OSCommerce, WHMC, and OpenCart. Integration Specialists are available to help merchants integrate Payza into their checkout system.

With Payza, U.S. merchants have more options when it comes to accepting online payments from their customers through their website. "Studies have shown that the more payment options a merchant offers, the better their conversion rates. Our payment processing provides merchants with a fast, secure online payment alternative, giving businesses access to more customers from more countries around the world," noted Ali Nizameddine, Payza's Executive Vice President of Global Product and Technology Strategy. "The built-in tools Payza offers will help merchants minimize fraud as well. Transactions are more secure thanks to our fully automated client verification procedures; our proprietary FraudMatrix; ongoing fraud monitoring; dispute resolution; and chargeback management."

Unlike other payment processors and merchant accounts that charge monthly gateway and other service fees on top of transaction fees, Payza's Personal and Business accounts only charge for the processed transactions.

"Most important, in addition to providing our services at the most competitive rates in the industry, we provide outstanding customer and merchant support services," Nizameddine added. "While we have a multitude of services and features, our personalized support sets us apart from other competitors." Payza's support channels include email, live chat, phone, online forum and social media.

"Running your online business isn't just about making the initial sale," said Nizameddine. "It's about making sure your customers come back for more. Our full suite of business tools includes a customer support module that ensures customers get the help they need when they need it."

About Payza

Payza is a leading online payments technology platform used by licensed entities around the world. Payza's highly secure platform provides businesses and consumers with convenient and flexible solutions for sending and receiving payments worldwide. The company offers access to payment services in both traditional and emerging markets, as well as a host of tools and services including: fraud screening, dispute resolution, currency exchange, global payouts and disbursement services. With millions of members, Payza offers its services around the world in 21 currencies, and is proud to provide its merchants around the globe with a complete solution for accepting payments and managing their businesses. More information is available about Payza on its website,, Facebook, Twitter and the company's blog.

Contact Information

  • Media Contacts:
    Tim Johnson
    Gary Thompson
    Email Contact
    Clarity Communications for Payza