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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
EUR 1
1-2 days
Varies
Azimo - Ireland
GBP 10
Instant
Varies
Remitly - Ireland
EUR 0
1-5 days
EUR 2.99
Skrill - Ireland
EUR 50
1 day
None
XE Money Transfers - Ireland
EUR 1
Same day
EUR 0
WorldRemit - Ireland
EUR 1
Same day
Varies
CurrencyFair - Ireland
EUR 5
1-2 days
Varies
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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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