Final Update: As we have predicted from starting, now it is proved that Payza is a scam since it has been indicted by a federal grand jury in the District of Columbia on charges alleging they operated an Internet-based unlicensed money service business that processed more than $250 million in transactions. For more details, please click these links:- https://www.ice.gov and https://www.justice.gov/usao-dc/victim-witness-assistance/obopay-payza
So, our final verdict is: “Payza is a scam, an illegal payment processor.” Below you can find our previous Payza review and previous updates on Payza.
Update: March 2018:- As you can see below in our update on 21 March 2018 that Payza has been charged by legal authorities for operating illegal activities and its official website Payza.com was down from 21 March 2018. After that incident, today, Payza made an announcement on its official Facebook page which you can find as below:-
As in the screenshot above, you can see that Payza doesn’t believe that they are guilty but legal authorities have a different story to tell. Although Payza is now operating with a new domain which is “payza.eu” and claims everything is fully operational, but also we haven’t found anyone who has successfully withdrawn money from this new site of Payza to their bank. So, if you have succeeded to withdraw money from your Payza balance to your bank form its new site Payza.eu, then we request you to inform us using the comment section below. If you can provide the screenshot of your successful transaction, that will be more helpful.
Urgent Update:- 21 March 2018:- Payza has been accused of operating an unlicensed money service business and money laundering. It seems now Payza has been gone because the operators of Payza, Firoz Patel, and Ferhan Patel are charged to operate an unlicensed money transmitting business and to violate anti-money laundering program requirements. MH Pillars Ltd, which is doing business as Payza, is also charged for operating an unlicensed money transmitting business.
The announcement was made on 20 March 2018 by U.S. Attorney Jessie K. Liu and Patrick J. Lechleitner. Ferhan Patel has been already arrested on March 18, 2018, in Detroit.
Payza has been accused of operating illegal activities and having customers included Ponzi schemes, Pyramid schemes, and a child pornography site. So, it seems it is hard to believe that Payza can back on track. From today, 21 March 2018, the official site of Payza (Payza.com) is not accessible.
You can find more detail on it by clicking this link:- https://www.ice.gov
As you can see in our review on Payza.com as below, we have always doubt about this company. But since 2012 to date, none of the legal authorities step into it and it was paying the withdrawal amount on time so we thought now it is doing business legally. But now it is confirmed that it was operating illegally. But also we feel surprised why the legal authorities not step into it or seized it or issue a warning to the general public when it was operating from 5-6 years?
Anyway, although it’s late, at least legal authorities take action against the illegal activity. But, what about those innocent people who were using it for their legal business. We think legal authorities should release the money of those innocent people who were holding balances in Payza by doing legal businesses because many people didn’t know how they were operating internally and we only judge them outside by observing they were releasing withdrawal requests on time. We know that it is hard to filter innocent people against the culprit one, but legal authorities should take the step for it in order to identify the ones who were using Payza for legal transactions and give them away to withdraw their hard earn cash. Let’s see how the legal authorities will solve this problem.
Below is our previous (first) review of Payza.
Is Payza.com a scam? Payza.com review.
OK, let’s begin with our Payza review and find out what is Payza.com, either Payza is a scam or a legit so that you don’t have to search any other Payza reviews.
What is Payza? Can we trust Payza?
Payza is an online payment processing company. It operates almost the same as Paypal, so it comes as an exclusive alternative for the countries and people where Paypal is not accessible. However, we recommend people not to trust Payza fully as same as Paypal for their business because Paypal is more secure, trusted, and protected than any or all of its alternatives whereas the owners of Payza have a long history of being involved in a fraud and scam companies.
Either is Payza a scam or a legit?
We suggest you not to fully trust Payza and never put your money into Payza’s account more than you can’t afford to lose. This company is owned by the Patel brothers Firoz and Ferhan who were investigated and convicted as frauds on multiple occasions with many past histories. They had a lot of issues with shady business and illegal dealing. They even dared cheat on their client by stealing their money and using that for their evil deeds and business. Due to these kinds of reasons, we should always take precautions to use Payza. If Payza is the only option available to you, we highly recommend you not to put money more than you can’t afford to lose in a balance of Payza account. Try to withdraw your money from Payza’s account to your bank as soon as you can because in the past there have been lots of issues and still does have numerous complaints about frozen account due to which clients can’t withdraw money and when asked about it, they form an excuse of technical problems like they are trying to fix the problem that has caused such freezing which takes over months causing serious problem to their client.
So, if you have an option to use Paypal or other trusted payment processors, then always choose them first. If your country doesn’t support Paypal and other trusted payment processors, then only go for Payza as a second alternative and never put money more than you can’t afford to lose within your Payza’s account balance.
So, now we made you clear about Payza through our Payza review as above. Now you can decide yourself either Payza.com is a scam or not. From our side, we don’t recommend it and have listed it in our “Not Recommended” sites list. (After the last update as above, we have now listed it in our SCAMS category.)
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