ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Payza Provides Extensive Integration With Bitcoins

Updated on February 1, 2018
FirozPatel profile image

Firoz Patel is an experienced professional highly skilled at creating and cultivating professional, mutually beneficial relationships.

Recently, leading payment processing platform Payza announced a wide range of Bitcoin services. This move comes at the heel of other announcements from Payza regarding extended support for domestic payment methods in different countries. Payza members can now very easily extend their local payment processing options to leverage Payza services and transfer funds online. Payza supports Interac deposits in Canada, Oxxo in Mexico, Local funds withdrawal option in India and Boleto in Brazil. Payza was recently awarded the European MPE award for its online payment solution as a recognition of its contribution to the payment ecosystem.

The Payza announcement regarding extended Bitcoin services is significant due to the fact Bitcoins have been gaining increasing prominence in the online world. More and more merchants now support payments in this currency. The digital currency is currently trading at a rate of 2148 Pounds per coin. This is a significant gain over previous rates and has attracted a lot of interest from investors and market watchers. With this announcement, Payza has become the first e-wallet provider ‘to treat Bitcoins like any other fiat currency’. Now Payza merchants can store Bitcoins in their accounts instead of having to convert them into a fiat currency. Members can buy Bitcoins with the money in their Payza accounts. These Bitcoins will be automatically changed to USD at a competitive exchange rate which is updated in real time. Payza wallets have also been upgraded which means they can now hold regular currency as well as Bitcoins. Members can easily convert funds into Bitcoins and vice versa and they can also hold Bitcoins alongside fiat currency within the Payza e-wallet.

Users can buy, sell and store their Bitcoins on the Payza platform. In order to buy Bitcoins, users can avail the Payza Bitcoins Withdrawals feature. Depending on the country, a Bitcoin withdrawal request typically gets processed within one to three days. Members have the option to directly withdraw funds from their Payza e-wallets into third-party Bitcoin wallets or as stated earlier directly hold them in their Payza e-wallets. This makes handling fiat currencies and Bitcoins really simple. The user can also sell their Bitcoins using the Payza Bitcoin Deposit feature. Once users confirm a transaction to sell their Bitcoins, the funds are deposited instantly in their accounts as soon as the transaction is processed. The fees for the processing of Bitcoins is lower than fees for other payment options. This makes Bitcoins a very attractive option for online commerce.

Payza has also launched Bitcoin options for merchants to accept Bitcoin payments. These digital payments can be immediately converted and settled in USD if the merchants so require. Customers can now easily pay in Bitcoins and if the merchants do not have the option to store Bitcoins then they can automatically convert to fiat currency. Merchants also have the option to set prices directly in Bitcoins without setting the price in their traditional currency. This means that Bitcoins are really becoming mainstream and are now being treated just like any other currency.

Image Courtesy: Coinsutra.com
Image Courtesy: Coinsutra.com

Newcomers to digital currencies should note that Bitcoins transactions are irreversible. All payments made in Bitcoins through the Payza payment platform are also serviced by the Payza Resolution Center. So in case of any disputes regarding Bitcoin payments between buyers and sellers, users can approach the resolution center for a quick consensus.

These recent developments have shown that Payza is thinking ahead of its competitors and is ready to invest its resources in developing features and services that are attuned to market trends and demands from consumers. Other payment platforms will need to ramp up their services as well in order to keep up with the growing popularity of digital currencies. The same applies to governments and regulators who are still trying to figure out the best ways to keep a check on decentralized digital currencies.

Comments

    0 of 8192 characters used
    Post Comment

    No comments yet.

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)