With over 9 million registered users worldwide Payza is a fast-growing online payment processing platform. Payza aims to provide differential services by focusing on under-served and emerging global markets and providing a convenient, secure and affordable mechanism for making international payments. With Payza, sending money online is always free without any activation costs or annual fees for both Personal and Business users. A transaction fee is applicable when receiving funds.
Users are required to register and create dedicated Payza accounts for transferring their funds. Users can fund their accounts via bank wires, bank transfers, credit cards and bitcoins. The Payza website provides details of associated transaction charges depending on the country and method of transfer. Payza also supports bitcoins which is a form of virtual currency that is gaining increasing popularity. Currently funding via bitcoins is free of charge for most countries.
Payza Online Security
As with all online platforms, it is important to keep Payza accounts safe from hackers and cyber criminals. The first step that users can take to keep their accounts safe is to use a distinct and strong password for their Payza accounts. Let’s take a look at what that means:
Distinct password means using a different password from the passwords that you might be using for your email or social media accounts. Using the same password can put your account at risk. A security breach at one account may lead to many online accounts being accessible to cyber criminals.
Strong password means using a combination of uppercase and lowercase letters as well as special characters to form a password of at least 10 characters. Use a strategy or a formula to remember your password rather than memorizing the password.
Other good password practices include frequently changing your password and always making sure you log out of your account when you are not using the site. Payza account security also uses an avatar, a custom message, and a transaction PIN to keep your account secure.
Payza Advanced Security
Payza has a comprehensive security and fraud prevention program that includes customer account verification, merchant website reviews, digital encryption and a Payza FraudMatrix for quick identification and flagging of any suspicious user activities. Furthermore, FraudMatrix is based on a continuous learning algorithm to evolve and adapt to new suspicious online methods and patterns used by fraudsters.
Payza also uses tokenization to add an extra layer of security to your online business and keep information safe. If your payment button is altered then the token will not be recognized and the transaction will fail.