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Author Topic: A look at what's coming next for Payza and Bitcoin  (Read 636 times)
Payza (OP)
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March 31, 2015, 04:07:32 PM
 #1

Hi all,

New on the Payza blog, we've announced our short and long term plans for how you will be able to use Bitcoin on our platform, read it here:

https://blog.payza.com/e-commerce/industry-trends/payza-bitcoin/
moko666
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March 31, 2015, 11:31:06 PM
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its payza next after neteller, i think now most ecurrencies will starts accepting bitcoin for deposit
dropt
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April 01, 2015, 12:08:21 AM
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its payza next after neteller, i think now most ecurrencies will starts accepting bitcoin for deposit

Payza has been dealing with Bitcoin for quite awhile now.
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April 01, 2015, 12:22:59 AM
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If they will not accept BTC today, im pretty sure they will gonna close in the future. I wish Paypal will regret for being a douchebag processor

Egopay done
Liberty Reserve done

next in line...
OmegaCollector
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April 01, 2015, 01:31:30 PM
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Can I buy Bitcoin with a personnal Payza account, or only a Business account?

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Payza (OP)
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April 01, 2015, 02:08:08 PM
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Can I buy Bitcoin with a personnal Payza account, or only a Business account?

You can buy Bitcoin with any type of Payza account, personal or business, but your account must be verified. This blog post has all the instructions and details: https://blog.payza.com/payza-updates/why-use-payza-announcements/buy-bitcoin-with-payza/
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April 01, 2015, 02:10:26 PM
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Oh, I have a verified Payza account - had it for years and years! Just too lazy to check for withdrawal methods in it right now Smiley

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April 01, 2015, 02:14:38 PM
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Deposit fees are still higher than Neteller (that uses Bitpay), I hope that they'll lower them to be equal at least.
Even if it say "free" the price is lower then the global market.

Compare
https://www.payza.com/fees
https://bitpay.com/bitcoin-exchange-rates

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April 01, 2015, 02:56:11 PM
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Deposit fees are still higher than Neteller, I hope that they'll lower them to be equal at least.
Even if it say "free" the price is lower then the global market.

Compare
https://www.payza.com/fees
https://bitpay.com/bitcoin-exchange-rates

Looking at our fees page, I believe we can be clearer about disclosing how we calculate the exchange rate for Bitcoin Deposits and Withdrawals. I've brought this up with our team and I think there will be changes made shortly. We will soon be listing the real-time buy and sell prices with our spread factored in.

Essentially, our spreads on both sides is 2.00% over our own wholesale buy and sell costs, which itself can vary compared to the global BBB that you linked to. While the price is stable, that spread shrinks, and it grows when the price is volatile. Currently the difference between the buy and sell prices is about 5.5%, we like to have that closer to 5.0% which is exactly in line with our foreign currency exchange rates (2.500% on either side, buy or sell).

It's important to note that Payza is not a traditional Bitcoin exchange, our service is more in line with traditional currency conversion. The vast majority of our members use Payza for much more than Bitcoin exchanges, and this service acts as an introduction to Bitcoin for our interested members. We have attracted new members that have a greater interest in Bitcoin since adding this feature, but admittedly, for early adopters and savvy Bitcoin users who are more concerned with getting the best rates, Payza may not be for them.
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