Payza international money transfers review June 2019 | finder.com

Review: Payza international money transfers

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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
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.

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.

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.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 0 3 - 5 days USD 0.00 0.878 EUR 4,388 Offering no maximum and no minimum limit transfers with $0 fees. Go to site Show details
USD 1 1 - 2 days USD 0.00 0.885 EUR
4,424
Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks. Go to site Show details
USD 1 Within an hour USD 0.00 0.873 EUR 4,364 Use promo code 3FREE to send your first 3 transfers with no fee. Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up. Go to site Show details
USD 1,000 1 day USD 0.00 0.876 EUR 4,379 No-maximum limit transfers with competitive exchange rates for 100+ currencies. Go to site Show details
GBP 1,000 1 - 2 days USD 0.00 0.881 EUR 4,406 Exclusive: Minimum transfer of $1,000 for Finder readers (normally $5,000).
For larger transfers, get no transaction fees and no maximum send limits.
Go to site Show details
USD 5,000 1 day USD 0.00 0.87 EUR 4,348 Venstar will support you through the entire process of your international transactions, from start to finish. Go to site Show details
USD 50 1 - 2 days USD 0.00 0.87 EUR 4,348 Simple, zero-margin exchange rates, plus earn loyalty points on sign up, referral and every transaction. Go to site Show details

Compare up to 4 providers

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.

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28 Responses

  1. Default Gravatar
    HenryApril 9, 2019

    Please I was told that payza is active in Nigeria but I have tried to sign and it is not even responding can you help me out please

    • Avatarfinder Customer Care
      johnbasanesApril 10, 2019Staff

      Hi Henry,

      Thank you for reaching out to Finder. Yes, Paysa is available in Nigeria. Please follow the steps on signing up below:

      Visit the signup page
      Choose your country
      Click on Personal or Business account. If you are not a company then click Personal.
      After clicking appropriate select button, you will get a window like below where you need to write your name, email address & password.
      Click on Get Started button after filling the above details.
      Then you will receive a confirmation message in your email with the activation link. Click on the link to activate your account & you will be taken to Payza dashboard.
      You need to complete the profile setup so that you can access your Payza account.
      Click on blue colored “Complete Profile Setup” link.
      You will then get a popup window where you need to click on Get Started.
      Then it will ask you for the Work Details.
      You need to provide your industry. There are many options but if you don’t find your industry, you can select Other & choose your job as shown above.
      Click on Save details.
      It then ask you more details like Address, Phone number & security details.
      Fill up all the details & then click on Save & Finish button.
      If all goes well, you will receive the message “You have successfully setup your profile”. Hope this helps!

      Cheers,
      Reggie

  2. Default Gravatar
    AnitaMarch 18, 2019

    I asked payout from my Payza account before 8 months, and this withdrawal is still in “pending” status, why? I tried to contact PayZa’s support a lot of time, but nobody answers.

    • Avatarfinder Customer Care
      JoshuaMarch 18, 2019Staff

      Hi Anita,

      Thanks for getting in touch with Finder. I’m sorry to hear about your situation.

      I’m afraid that Payza server has been taken offline. This is due to allegations of money laundering brought by the Department of Justice. This could be the reason why you don’t receive any reply from them.

      I would advise that you check the source of payout and see if it was refunded to the original source. You can also speak to the one who provided that payout and see if the money is still there.

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

      Have a wonderful day!

      Cheers,
      Joshua

  3. Default Gravatar
    PritomMarch 7, 2019

    My name is pritom Basak. I have some payza dollar. And I’m a Bangladeshi. I can transfer dollars to payza

    • Avatarfinder Customer Care
      johnbasanesMarch 8, 2019Staff

      Hi Pritom,

      Thank you for reaching out to Finder.

      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

      Hope this helps!

      Cheers,
      Reggie

  4. Default Gravatar
    MahambetJanuary 5, 2019

    Does Payza support those in Mongolia?

    • Avatarfinder Customer Care
      BellaJanuary 6, 2019Staff

      Hi Mahambet,

      Thanks for your inquiry.

      Yes, Mongolia is one of the supported countries of Payza. Please note that Payza may not be available in some countries due to various restrictions and regulations.

      I hope this helps.

      Kind regards,
      Bella

  5. Default Gravatar
    AndrejNovember 19, 2018

    Why Payza is not available in Slovenia?

    • Avatarfinder Customer Care
      JhezNovember 19, 2018Staff

      Hello Andrej,

      Thank you for your comment.

      According to Payza, there is a short list of countries that they cannot service due to various restrictions and regulations. If your resident country is on this list, unfortunately, they cannot serve you at this time. Perhaps in the future.

      Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.

      Regards,
      Jhezelyn

  6. Default Gravatar
    KhantOctober 5, 2018

    Can payza be used in myanmar? If so what bank accounts are available?

    • Avatarfinder Customer Care
      nikkiangcoOctober 8, 2018Staff

      Hi Khant,

      Thanks for your message and for contacting finder.

      Yes, Payza can be used in Myanmar, Burma however we don’t have the list of bank accounts. You may check this out directly from Payza’s page.

      Hope this clarifies! For any clarifications, feel free to message us again.

      Regards,
      Nikki

  7. Default Gravatar
    AlexSeptember 22, 2018

    Hello,
    can I make account from Macedonia and order a physical card to deliver in my address in Macedonia?
    Thank You

    • Avatarfinder Customer Care
      JoshuaSeptember 24, 2018Staff

      Hi Alex,

      Thanks for getting in touch with finder. I hope all is well with you. :)

      Payza has already been discontinued. For this reason, you won’t be able to make an account from Macedonia and order a physical card. If you want to learn how to send money to Macedonia, please go to this page.

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

      Have a wonderful day!

      Cheers,
      Joshua

  8. Default Gravatar
    AnonymousSeptember 8, 2018

    Why is Payza not available in India?

    • Avatarfinder Customer Care
      JhezSeptember 11, 2018Staff

      Hello,

      Thank you for your comment.

      Payza may not be available in some countries due to various restrictions and regulations. Upon checking, Payza is available in India. You may check Payza India website.

      Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.

      Regards,
      Jhezelyn

  9. Default Gravatar
    ESSJuly 16, 2018

    Hi, I am from Nigeria, and I work for several websites, I want to know if payza works in Nigeria, and if I can withdraw money directly to my local bank account here in Nigeria from payza.

    Secondly, I want to ask what documents I might need for the account to be verified in Nigeria. ?

    • Avatarfinder Customer Care
      nikkiangcoJuly 19, 2018Staff

      Hi Ess!

      Thanks for contacting finder.

      Yes, Payza works in Nigeria. As it works like Paypal, you have to transfer funds from Paypal to your bank account to withdraw the funds.

      The following documents are needed to open an account:

      1. ID with Proof of Billing such as a Utility Bill (Electricity Bill, Telephone Bill, Bank Statement)
      2. Business Registration

      For Sole Proprietorships :
      • Photo ID
      • Proof of address
      • Proof of ownership (Registered Sole Props) / Attestation of Sole Proprietorship (Unregistered Sole Props)

      Note: Name & Address of the proof must match Payza Account business Information.

      For Partnership:

      • Partnership agreement
      • Document confirming the business registered name
      • POI for each Partner who directly or indirectly owns 25% or more
      • Copy of business bank account statement (dated within 6 months)
      • If the partnership agreement is dated over 2 years, a document to confirm the current active status of the partnership will be required
      • Certified document authorizing the account holder to manage the Payza account on behalf of the entity

      Corporations :

      • Certificate of Incorporation
      • Articles of Incorporation/memorandum of association (depending on where the company is registered)
      • Certified copy of the Shareholder’s Agreement
      • Certified document confirming the names of all Directors
      • POI/POA for all beneficial owners who own 25% or more
      • Copy of business bank account statement (dated within 6 months)
      • Certified document authorizing the account holder to manage the Payza account on behalf of the entity

      Hope this helps!

      Nikki

  10. Default Gravatar
    CJuly 7, 2018

    Having problems with getting my money out of Payza

    • Default Gravatar
      joelmarceloJuly 7, 2018

      Hi there,

      Thanks for leaving a question on finder.

      Please note Payza’s server has been taken offline amid allegations of money laundering brought by the US Department of Justice. According to the indictment, some of its customers were involved in Ponzi schemes, pyramid schemes, and other illegal activities. For more info about this, please click HERE. I hope this gets resolved soon and I’m sorry to hear about what happened to you.

      Cheers,
      Joel

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