Payza international money transfers review February 2018 |

Review: Payza international money transfers

Free transfers to more than 190 countries when you send money from your Payza account

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

Product NamePayza
Max. Transfer AmountNo limit
Transfer Methods
Transfer Options
One off payments
Transfer Speed
Minimum transfer time
Within an hour
Banking PartnerPayza
Customer Service

Watch out for hidden fees

Payza touts its fee-free transfers, but it is only free to send money to another Payza account. You’ll pay a fee to receive funds, as well as a fee to withdraw those funds. Adding funds to your Payza e-wallet also incurs a fee.

How much does it cost to transfer money with Payza?

Sending funds online is free. However, you’ll pay the following to receive, add or withdraw funds:

Send or Receive Funds
Receive funds in BTC1.2 % free

1.2 %

Receive funds2.90 % + $0.30 USD

2.90 % + $0.30 USD

Add Funds
Bank wire$8 USD

$8 USD

Credit card3.50 %

3.50 %


Exchange rate: 6823.7988 USD

Exchange rate: 6823.7988 USD
Bank Transfer
Less than $200 USD
Rate per transaction: $2 USD
$200 USD to $5,000 USD
Rate per transaction: free
Less than $200.00 USD
Rate per transaction: $2 USD
$200 USD to $5,000 USD
Rate per transaction: free
Withdraw Funds
Bitcoin – from Fiat currencyMiner fees: 0.00045

Exchange rate: 7398.28 USD
Miner fees: 0.00045

Exchange rate: 7398.28 USD
Bitcoin – from BTCMiner fees: 0.00045

Miner fees: 0.00045

eGift cardFree


Bank transfer$0.50 USD

$0.50 USD

What types of transfers can I send with Payza?

Payza offers fast one-off transfers to more than 190 countries around the world.

You can pay for your transaction by:

  • Credit card
  • Bank transfer
  • Bitcoin

While you’re able to send transfers to both Payza members and nonmembers, if your recipients do not have a Payza account, they’ll need to sign up to access their funds.

Depending on where they live, your recipient can access money by:

  • Bank transfer
  • Bank wire
  • Credit card
  • Over-the-counter direct transfer
  • Bitcoin

What are the pros and cons of using Payza?


  • It’s easy. Payza’s simple transfer process allows you to send money quickly and easily online.
  • Worldwide access. With support for 25 currencies and the ability to transfer to 197 countries, Payza provides a range of transfer options.


  • Membership required. Your recipient will need to sign up for a Payza account to access the funds you send.
  • Limited customer support. You’ll need to fill out an online form to get help with a transaction.

How do I send money overseas with Payza?

To send money overseas:

  1. Click the Send Funds tab and enter your recipient’s email address, how much you want to send and the currency you’re sending.
  2. Select how you’re paying for the transfer: credit card, debit card or from your Payza e-wallet. You can top up your e-wallet by linking your bank account or credit card.
  3. Review the details of your transfer, enter your transaction PIN and send your funds. If a Payza member, your recipient will receive an email when the funds arrive; nonmembers must sign up for a Payza account to access their funds.

To retrieve the funds, your recipient must log in to their Payza account and click the Withdraw Funds tab.

Payment can be received by:

  • Bank transfer
  • Bank wire
  • Credit card
  • Over-the-counter direct transfer
  • Bitcoin

Bottom line

When you need a fast and affordable way to send money overseas, Payza’s international payment solutions are worth considering. However, customer support is limited and there are plenty of negative online reviews.

Make sure to compare the service that Payza has to offer with the features and benefits of other international money transfer providers — doing so can save you time and money.

Frequently asked questions

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2 Responses

  1. Default Gravatar
    DikshaApril 22, 2017

    Do payza automatically transfer the fund in my bank account or I have to do any proceedings to get my paynent in bank

    • Staff
      AnndyJune 29, 2017Staff

      Hi Diksha,

      Thanks for your question.

      Payza will not automatically transfer the money to your bank account. To withdraw money and have it deposited to your bank account, you can follow the following procedure:

      1. Log in to your Payza account.
      2. Click the Withdraw Funds and select Bank Transfer.
      3. Choose your Payza balance and Bank Account then enter the amount you want to withdraw.
      4. Follow the prompts.

      I hope this helps.


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