Take advantage of free transfers to more than 190 countries when you send money overseas with Payza.
Payza is a leading provider of global payment services. Based in the UK and with offices in the United States, Sweden, India and Bangladesh, Payza allows you to send fast and secure international money transfers to 197 countries. It supports 21 currencies, including the US Dollar, British Pounds Sterling, the Euro and a host of exotic currencies, while transfers can be lodged quickly and conveniently online.
With more than 9 million customers worldwide, Payza offers fee-free transfers and a 2.5% spread on top of the price at which it purchases wholesale exchange rates. It also provides multiple transfer payment options and can be used to send remittances to family and friends overseas, pay bills and even shop online. Payza is a wholly owned subsidiary of MH Pillars Ltd, which is based in London.
Payza exchange rates
Payza offers competitive exchange rates that typically compare favourably to the rates offered by many banks. The exchange rate the company offers to its customers includes a 2.5% spread on top of the wholesale exchange rate at which Payza buys its foreign currency. Payza’s rates are updated regularly to reflect changing market conditions and can be viewed by logging into your account and clicking on the ‘Manage’ or ‘Exchange’ link in the ‘Payza balance’ box.
How much does it cost to transfer money with Payza?
One of the key features of Payza’s service is that it does not charge any transfer fees whenever you send money overseas. However, there are other fees. For example, if you add funds to your Payza account via credit card you will need to pay a 7% fee. Receiving funds into your account incurs a fee of 2.5% + $0.25, while a $0.50 fee applies when you withdraw money from your account via bank transfer.
Back to top
Minimum transfer amount and available countries
If your Payza account has been verified you can transfer up to $50,000 per transaction. Accounts can be verified when you add a credit card to your account, add funds to your account, send money overseas and more. Unverified accounts are limited to maximum transactions of $999, or a total of $4,999 over the life of the account. Payza allows you to send money overseas in the following currencies: American Dollars, Canadian Dollars, Australian Dollars, New Zealand Dollars, Bulgarian Lev, Czech Koruna, Danish Krone, Euro, Hungarian Forint, Lithuanian Litas, Norwegian Krone, Polish Zloty, British Pounds Sterling, Romanian Lei, Swedish Krona, Swiss Francs, Macedonian Denar, Hong Kong Dollars, Malaysian Ringgit, Singapore Dollars, and the South African Rand.
Back to top
What types of transfers can you carry out with Payza?
Payza offers fast one-off transfers to more than 190 countries around the world. You can pay for your transaction via:
Credit card
Bank transfer
Bitcoin
You can send transfers to members and non-members of Payza, but people who do not have a Payza account will need to sign up in order to access their funds. Depending on where your recipient is based they can choose from one or more of the following methods to access the money:
Bank transfer
Bank wire
Credit card
Over-the-counter direct transfer
Bitcoin
If you experience a problem with a transfer, Payza’s online support section features answers to hundreds of frequently asked questions. You can also submit a ticket to receive email customer support or contact a support adviser through live online chat.
Back to top
The registration and transfer process
The first thing you need to do when you want to send an online transfer with Payza is sign up for an account. This is free to do and the application process can be completed within minutes. Click the ‘Sign Up’ link on the Payza website and enter your personal details, email and phone number, residential address, work address and your account security details.
Click on the ‘Send Funds’ tab and enter your recipient’s email address to get started, before providing information about the amount of money you wish to send and the currency in which you will be sending. The next step is to select your payment option — credit card, debit card, or your Payza e-wallet — before reviewing the full cost of your transfer.
If you’re happy with all the details you can enter your transaction PIN and transfer the money. You and your recipient will receive an email when the funds arrive at their destination, but non-members of Payza will need to register for an account in order to access the money.
Back to top
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 21 currencies and the ability to transfer to 197 countries, Payza provides a range of transfer options.
Customer support. Payza’s online and email help options mean that you can find answers to any questions you may have regarding your transactions.
Cons
Membership required. Your recipient will need to sign up for a Payza account in order to access the funds you send.
Frequently asked questions
Does Payza impose a maximum transfer limit?
Yes, the maximum you can transfer per transaction from a verified account is $50,000. The maximum allowable transfer from a non-verified account is $999.
What options are available when I want to withdraw funds from my Payza account?
US customers can withdraw funds from their Payza account via bank transfer, credit card and Bitcoin.
How can I view the current exchange rates offered by Payza?
Simply login to your account and click on the ‘Manage’ or ‘Exchange’ link. A currency calculator will then appear on the right of your screen.
How do I view my transaction history?
Login to your Payza account and click the ‘Account’ tab. Next, click the ‘Detailed Transaction History’ Link and you will be able to review your previous transactions.
Can I send funds from my smartphone?
Yes, this can be done via the Payza mobile site.
If you’re looking for a simple and convenient way to transfer money around the world, consider the services and features available from Payza. It’s important to compare the benefits of a range of international money transfer providers to ensure that you find the company that’s right for you.