Hi every one.
So you maybe already know that Payza had enabled withdrawing funds to BTC. So that could be a very nice way of buying BTC using my CC/bank account without dealing with unknown exchangers etc, but the question is if any one of you guys actually tried that service? For example, if I deposit some money to my Payza account and then buy BTC won't Payza get suspected and froze my account (like they think about money laundering etc)?
I have a verified Payza account with my bank account attached (USA), I used it like 4-5 times, deposited totally around 1k$ and was paying for some random services, so the idea is to deposit money and buy BTC but I'm afraid that could lead to some troubles and after that it would be hard to get money out of Payza (you know how low could be service of such companies when they wanna steal your money
)
Hi kxp, thanks for your interest in Payza, maybe we can help clear a couple of things up for you. As mentioned already, your account does need to be verified to use the Bitcoin Withdrawal option. Since that's already the case, you're already one step closer to your first Payza Bitcoin withdrawal.
In most cases that will be enough to use your Payza account to buy and sell Bitcoin and to take advantage of all the other features Payza has to offer. In some cases, usually related to volume, additional verification details may be required, but additional verification is generally the exception not the rule.
I should let you know that you will not be able to withdraw by Bitcoin using funds that have been deposited by Credit Card. We are looking for ways to make this viable but right now the risk of fraud is still too high. This blog post has more details about how to Buy Bitcoin with Payza including the step-by-step instructions to create a transaction:
https://blog.payza.com/payza-updates/why-use-payza-announcements/buy-bitcoin-with-payza/If you have any other questions don't hesitate to ask.
