Payza international money transfers review April 2018 | finder.com

Review: Payza international money transfers

We know that everyone's situation is unique and we aim to help you find the right product for you. We may receive compensation when you visit our partners' sites or are approved for their products. You can read more about how we maintain editorial independence and how we make money here.

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
Online
Transfer Options
One off payments
Transfer Speed
Minimum transfer time
Within an hour
Banking PartnerPayza
Customer Service
Chat, Email
Available CurrenciesAUD, BDT, BGN, BRL, CAD, CHF, CNY, CZK, DKK, EUR, GBP, HKD, HUF, INR, MKD, MXN, MYR, NOK, NZD, PLN, RON, SEK, SGD, USD, ZAR

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.

Compare safe money transfer services

Use our table find a safe and affordable money transfer service who can send your money overseas as fast as today.

I want to send

to

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 1,000 1 day USD 0.00 0.823 EUR 4,114 Exclusive offer: $0 transfer fee
No-limit transfers with competitive exchange rates for 100+ currencies.
Go to site Show details
USD 1 Within an hour USD 3.99 0.823 EUR 4,113 Use promo code FINDER to send your first transfer at no fee to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up. Go to site Show details
USD 100 3 - 5 days USD 0.00 0.822 EUR 4,110 Transfer money into 20 currencies and schedule regular payments. $5 fee waived for transfers over $5,000. Go to site Show details
USD 1,000 1 day USD 0.00 0.819 EUR 4,095 Exclusive exchange rate discounts
No-maximum limit transfers with competitive exchange rates for 100+ currencies.
Go to site Show details
USD 1 3 - 5 days USD 50.00 0.826 EUR
4,087
Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks. Go to site Show details

Compare up to 4 providers

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:

PersonalBusiness
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 %

BitcoinFree

Exchange rate: 6823.7988 USD
Free

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

Free

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?

Pros

  • 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.

Cons

  • 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

Was this content helpful to you? No  Yes

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms and Conditions and Privacy Policy.

8 Responses

  1. Default Gravatar
    EnowApril 17, 2018

    Am in Turkey I wish to open a payza account and withdraw money is it possible?

    • Staff
      JoshuaApril 18, 2018Staff

      Hi Enow,

      Thanks for getting in touch with finder.

      Yes, you can open a Payza account and withdraw money in Turkey. Normally, you need to just go to their website to start using Payza. However, please note that at the time of this writing, Payza’s server has been taken offline amid allegations of money laundering brought by the Department of Justice. For the meantime, you might want to click here to compare a safe money transfer provider.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!

      Cheers,
      Joshua

  2. Default Gravatar
    MaricelApril 13, 2018

    Is Payza available in the United Arab Emirates? Is there a fee for signing up on Payza acct?

    • Staff
      JhezelynApril 13, 2018Staff

      Hello Maricel,

      Thank you for your comment.

      There are no monthly or yearly fees to have a Payza account and it’s completely free to set up. There are also no fees to submit verification documents or to connect a bank account or credit card to your Payza account.

      In most cases, the only time fees would be applied to your account is when you conduct a transaction or when you receive funds from other Payza members.

      Additionally, Payza is not available in UAE.

      Regards,
      Jhezelyn

  3. Default Gravatar
    JamikeApril 12, 2018

    How do I sign up for a payza account? And when will it be brought back online?

    • Staff
      JhezelynApril 12, 2018Staff

      Hello Jamike,

      Thank you for your comment.

      To sign up for a Payza account, just simply visit their official website and click Sign Up. However, currently, you’re unable to even visit the website because the page has been taken offline. Check more details about this above. So therefore, you’re not able to sign up for an account yet.

      In addition to that, there’s no update yet on when Payza’s website will be up again.

      Regards,
      Jhezelyn

  4. 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.

      Cheers,
      Anndy

Go to site