MONTREAL, QC NEW YORK, NY and LONDON, UNITED KINGDOM--(Marketwired - Mar 20, 2014) - Payza, one of the world's most versatile online payment platforms for e-commerce, corporate disbursements and remittances, announced today that it has formed a strategic relationship to provide credit and debit payment service to Canadian merchants based on its highly successful, fully-featured Payza as a Platform enterprise solution. The company announced its Payza Merchant Gateway service in the U.S. last month and an additional strategic partnership in the EU that will launch in a few months. Payza as a Platform is currently being used in nearly every country around the world by over 75,000 merchants. The service offers highly competitive pricing, a wide range of supported payment methods, built-in security and fraud protection, strong merchant support, and a host of tools, features, and reporting options.
"This partnership is significant in the international expansion of our merchant gateway service not only because we can provide more options to our Canadian merchants, but also because it will allow us to roll out this service into Australia and Brazil in the very near future," explains Firoz Patel, Payza's Global Executive Vice President.
The platform's business payment module will enable businesses to accept major credit cards, with payments settled directly into their bank account. Canadian members will also be able to transfer funds instantly from their bank account with INTERAC® Online for added convenience. The INTERAC® Online service is utilized by Canada's large network of financial institutions.
"We're excited to be supporting INTERAC® Online," said Ali Nizameddine, Executive VP of Product & Technology at Payza. "The INTERAC® network is almost universally adopted in Canada and is supported by every major bank. Canadians are already very familiar and comfortable with this service, and will now be able to take advantage of the convenience of using INTERAC® from the Payza gateway."
"Our upcoming payment processing module reduces friction in the online sales cycle by providing a seamless checkout process and the most preferred payment methods," explains Patel. "Payza Merchant Gateway users throughout Canada will be able to accept credit and debit card payments as well as INTERAC® without the hassle of managing multiple accounts at multiple institutions."
Payza's online payment platform also offers a recurring billing service for subscription based billing cycles, at no additional charge. The recurring billing feature has a variety of intervals and billing terms, and is created at a product level which allows for additional products to be added to the basic subscription. Unlike other payment processors and merchant accounts that charge monthly, gateway and other service fees on top of transaction fees, the Payza Merchant Gateway only charges for the processed transactions.
In addition, Payza's Resolution Center, supported by a dedicated team of resolution specialists, reduces the risk of chargebacks by offering a quick and transparent way to resolve disputes. The platform is SSL encrypted and has PCI DSS Level 1 Compliance which, combined with Payza's proprietary Fraud Matrix™ system, assures the highest level of security in the industry.
The platform includes numerous developer tools including integration code, advanced button generation, and instant payment notifications.
"Running your online business is not just about sales," continues Patel, "It's about making sure your customers come back for more. Our full suite of business tools includes a customer support module that makes sure customers can get the help they need when they need it, whether it be via email, phone or live chat."
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, www.payza.com, Facebook, Twitter and the company's blog.