Payza Jumps Into the Bitcoin Craze.
Just checking into a few things today and noticed that Payza is now into the bitcoin side of the coin. You can buy bitcoins using Payza now.
Logging in to Payza showed this announcement:
Credit Card Withdrawal*: With this new feature, Payza members can withdraw their money to a Visa Credit or Debit card, instantly! Get your money faster using Credit Card Withdrawal. Visit the Payza blog for step-by-step instructions: “Withdrawal to Credit Card Now Available!”
Withdrawal by Bitcoin*:Everyday, more and more people are learning and getting excited about Bitcoin, the popular digital currency. There are lots of benefits to using Bitcoin for online purchases, but for many people, buying bitcoins can be difficult.Well, Payza just made it a lot easier for our members! With the simple Withdraw by Bitcoin option you can use the money in your Payza account to buy bitcoins in just three easy steps! Find out more on our blog: “Buy Bitcoin with Payza: Introducing Withdrawal by Bitcoin”
Looks like Payza is creeping back into online business, or at least taking the bitcoin plunge. Seems like they took a break for awhile. I do not know if certain countries or states are still unable to transact business or not.
So in effect you can buy bitcoins using your payza balance. You cannot fund with credit card to buy the bitcoins though.
When you create a Withdrawal by Bitcoin transaction, the price you pay for Bitcoin is Payza’s wholesale price at the time of your request. There is a 2% fee for a Withdrawal by Bitcoin transaction
I see no mention for cashing in the bitcoins. Still the withdrawal fee seems reasonable. I do not know the rate they will assign to buying the bitcoin.
Adding this about the rate, I did a mock buy/withdrawal and it came up at the current rate for bitcoin, or very close to it, so that is a good thing, IMO.
Okay had to change this post a bit as it seems clear that you can buy bitcoins with Payza using this method. Log in or open a Payza account now.
If you need to, open a Payza account now.