Payza Scam Or Not !

As The Lates News, Payza Resumes Services In The UK !

In the wake of the U.S. disaster, Payza has now relaunched their UK operations.  The popular online payment platform has resumed business relations with the United Kingdom in full force. This move comes after the November 26th, 2013 catastrophe that resulted in U.S. based funds seized in over 30 states.  Eventually the issue spread to all 50 states and Payza experienced a country wide blockade.  The problem still persists in the United States and the situation has left hundreds of thousands of users frustrated to say the least.  As a result of the funds being frozen and the ongoing investigation by the U.S. Department of Justice, Payza needed to do something substantial to help off-set corporate revenue loss.  This could be exactly what the company needed.

Did You Know?

This isn’t the first time Payza has operated in the United Kingdom.  Payza initially operated in the UK but ceased operations on October 18th, 2012.  Today marks the first time in 15 months that Payza has allowed access to their service in the UK & it couldn’t have came at a better time either.  Payza has been struggling with excessive revenue losses in the past 3 months. 

And Now

Payza issued an official statement regarding the re-launch of their operations, stating that the UK can now take advantage of all the services and features that Payza has to offer.  Members will be greeted with a fresh new account design and enhanced security features.  Outside of the added security, users can take advantage of personalized avatars and a much more modern experience.  It’s still up for grabs if Europe will jump onboard with Payza again after nearly a 2 year blackout that left thousands of unhappy clients frustrated. 

The question that many are wondering is if Payza can be trusted.  The company already once offered their services to the United Kingdom and closed down their operations for more than 2 years.  The shutdown resulted in Payza accounts having their money transfers suspended, unable to add funds, receive funds, request funds or send funds in the United Kingdom.  Businesses that used Payza as a primary funding source and those that had built their payment platform around the Payza processor were extremely damaged by the shutdown.payzascamFast forward to present times and Payza has once again had a similar shutdown.  This time in the United States and with a Government investigation into the activities of the company resulting in a seizure of Payza’s money being withheld from clients.  Due to the ongoing issues and block of major countries Payza has started seeing revenue loss and a lot of questions have been raised as to whether or not the company can be trusted.The original notice regarding the October 18th, 2012 shutdown can be found below.  If anything, we need to remind ourselves that although the company is lenient, has relatively minimal fees for processing and offers their service to countries that are unable to use PayPal, we should note that they have had two major issues with two major countries in the past 2 years.  They are experiencing record low profits and have faced serious scrutiny by the DOJ.  The future of Payza is up in the air, regardless if the United Kingdoms operations have been re-instated. 

What are your thoughts on Payza re-instating their UK based service?  Do you think Payza is here to stay for good in the UK or do you think it is only a temporary move to help save face?
We believe that this move comes as a direct result of the issues that Payza is facing in the United States and think that it is a good political move for the company to re-launch operations in the UK.  However, the fact remains that this company has been shaken up excessively in recent times.  The question we all need to ask ourselves is can Payza be trusted with our money anymore?