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Review: Payza international money transfers

Payza, which has gone out of business, offered free transfers to more than 190 countries.

Updated . What changed?

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Compare licensed and regulated money transfer services

Use our table find a Payza alternative to transfer money overseas, often in as little as a few minutes.

Name Product Minimum Transfer Transfer Time Transfer Fee
TransferWise - Ireland
1-2 days
Azimo - Ireland
GBP 10
Remitly - Ireland
1-5 days
EUR 2.99
Skrill - Ireland
EUR 50
1 day
XE Money Transfers - Ireland
Same day
WorldRemit - Ireland
Same day
CurrencyFair - Ireland
1-2 days

Compare up to 4 providers

Payza supported 25 currencies, including the US dollar, British pound, the Euro and a host of exotic currencies, and you could initiate quick, convenient transfers online. Payza offered fee-free transfers and a 2.5% spread on top of the mid-market rate. It also provided multiple transfer payment options and could be used to send funds to loved ones overseas, pay bills and even shop online.

Bottom line

When you needed a fast and affordable way to send money overseas, Payza’s international payment solutions were worth considering. However, because the company has since shut down, consider using a payment alternative like Payoneer instead.

Frequently asked questions

Is Payza safe?

No. Payza was shut down because it did not have the proper licences to operate in the United States. Explore regulated and licenced business payment solutions to find a Payza alternative.

How can I withdraw money from Payza?

When Payza was operating, US customers could withdraw funds from their Payza account by bank transfer, credit card and Bitcoin. Payza shut down in 2018, so any questions or concerns about your former Payza account should be directed to the US Department of Justice.

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