How the fate of money in payza account, whether to evaporate just disappear like LibertyReserve
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UPDATE 3/22/2018: Payza has been indicted by a federal grand jury on charges that it “operated an Internet-based unlicensed money service business that processed more than $250 million in transactions.” The Payza website is inactive, and the company appears to no longer be in operation. At this time, there is no information about how merchants might recover funds that have been withheld by Payza.
Payza (payza.com) is an online payment processor that functions in a manner similar to PayPal or Dwolla. There are a number of unusual features about the company and its service that make it a difficult provider to research and rate. For one thing, the company was formerly based in Canada and known as AlertPay before it was bought by MH Pillars, Ltd. in 2012. This “acquisition” appears to have been more of a rebranding, as there is not a great deal of information available online about MH Pillars, Ltd beyond the fact that it is a DBA of Payza.
quote:www.cardpaymentoptions.com
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