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Payment platform Payza unveils new bitcoin services

Global payment platform Payza announced a wide range of new bitcoin services including instant bitcoin – fiat exchanges and option for members to hold bitcoin alongside fiat currency within Payza eWallets.

Payza also enables its members to instantly send and receive bitcoin to and from other members of Payza and charges a fee of just 1.2% per transaction to receive bitcoin that is lower than the standard Payza receiving fee of 2.9% + $0.30, the release stated.

Payza started to offer bitcoin services in the year 2014 by adding bitcoin withdrawal feature, after which it announced bitcoin deposits.

“We were among the first online payment platforms and eWallet providers to embrace Bitcoin back in 2014. The ultimate goal was to provide our members a secure option to store their bitcoins in their Payza accounts. So we mapped out a set of incremental steps to accomplish that goal,” Firoz Patel, Payza's global executive vice president, said. “Today, we fulfill our promise to our members and are now able to treat Bitcoin like any other currency we deal with. This means that every Payza member can now hold Bitcoin in their eWallets, and send and receive Bitcoin throughout our network, just like they would with USD, Euros or Sterling.”

The new added services will also benefit merchants who use Payza to process online payments, to receive bitcoin as payment for their products. These merchants will have the option to retain those payments in Bitcoin in their eWallets until they choose to convert the funds themselves. They can also set their prices directly in bitcoin without setting that price in a traditional currency.

“We're very excited about these new features because it positions Payza as one of the best options for Bitcoin neophytes who are ready to experiment with cryptocurrencies. We wanted to provide a worry-free way for our members to exchange and hold bitcoin. We feel that the services announced are perfect for people who are interested in bitcoin, but are intimidated by the security risks and technical knowledge seemingly required to use them,” Patel added.

Those purchases that are made by bitcoin through Payza's online payment platform will remain protected by Payza's Resolution Center, a section within Payza accounts dedicated to resolving transaction disputes between buyers and sellers.

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2.68 %

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