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Review: Payza international money transfers

Last updated:  

Send money around the world with Payza, but beware of negative reviews.

MUST READ:

At the beginning of 2018, Payza was indicted by the US Department of Justice for being unlicensed to operate in the US. Since then, Payza has gone out of business and you won't be able to use it anymore. Compare what other services you can use to send money overseas instead.

No limit

Max. Transfer Amount

Within an hour

Transfer Speed

Details

Product NamePayza International Money Transfers
Max. Transfer AmountNo limit
Transfer MethodsOnline
Transfer OptionsOne off payments
Transfer Speed
Minimum transfer time
Within an hour
Customer ServiceEmail
Available CurrenciesAED, BDT, BGN, BRL, CAD, CHF, CNY, CZK, DKK, EUR, GBP, HKD, HUF, INR, MKD, MXN, MYR, NOK, NZD, PLN, RON, SEK, SGD, USD, ZAR
Online Transfer Fee2.50%

Payza supports 25 currencies, including the Australian dollar, British pound, the euro and a host of exotic currencies, and you can initiate quick, convenient transfers online. Payza provides multiple transfer payment options and can be used to send funds to loved ones overseas, pay bills and even shop online. It also accepts bitcoin.

Watch out for hidden fees

Payza touts its fee-free transfers, but it is only free to send money to another Payza account. You'll pay a fee to receive funds as well as a fee to withdraw those funds. Adding funds to your Payza e-wallet also incurs a fee.

See how Payza compares to other services

Use our comparison calculator to assess Payza's transfer fees, exchange rates and other details for sending funds overseas against other popular money transfer companies.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
AUD 2,000 1 day AUD 0.00 0.704 USD
7,044
TorFX guarantees to match any competitor's exchange rate. Conditions apply.
Send money overseas in 30+ currencies with competitive rates for transfer amounts over $2,000.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.704 USD
7,044
SendFX guarantees to match any competitor's exchange rate. T&Cs apply.
Fee-free transfers in 30+ currencies to over 200 countries.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.704 USD
7,044
Better exchange rates for Finder customers.
Send 60+ currencies at competitive rates and no fees. If you find a better eligible quote, WorldFirst will beat it.
Go to site Show details
AUD 250 1 - 2 days AUD 0.00 0.704 USD
7,044
$0 transfer fees for Finder customers.
No-maximum limit transfers with competitive exchange rates for 100+ currencies. No transfer fee over AUD$10,000.
Go to site Show details
GBP 3,000 1 day AUD 0.00 0.704 USD
7,044
Global Reach will match any competitor's exchange rates. Conditions apply.
Get no fees for both business and personal transfers when you send your money overseas with Global Reach.
Go to site Show details
AUD 1 1 day AUD 52.00 0.704 USD
7,001
Pay no fees on your first two transfers, up to $3,000.
SingX offers the real exchange rate every time you make a transfer and can help you send money across the world.
Go to site Show details
AUD 0 Same day AUD 2.99 0.699 USD
6,993
Special offers like free transfers and better exchange rates available for new customers.
Affordable transfers around the world with both express and economy options. Express transfers delievered in as little as 10 minutes for an extra fee.
Go to site Show details
AUD 1 Same day AUD 0.00 0.704 USD
7,037
Get fast transfers with no fees and a range of foreign currency tools. Go to site Show details
AUD 200 1 - 2 days AUD 50.00 0.706 USD
7,028
Exclusive: Use code FINDER10 to receive US$10 off your first transaction.
Quick and simple international money transfers with a flat 0.5% transfer fee for most transfers. Zero-margin rates on some currencies.
Go to site Show details
AUD 5 1 - 2 days EUR 3.00 0.7 USD
7,000
Special offer: Zero fees on your first 10 transfers.
Get bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Go to site Show details
AUD 1 Same day AUD 3.99 0.699 USD
6,985
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
An online money transfer service with cash pick-up, bank account to bank account and airtime transfers available.
Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

How much does it cost to transfer money with Payza?

Sending funds online is free. However, you'll pay the following to receive, add or withdraw funds:

PersonalBusiness
Send or Receive Funds
Receive funds in BTC1.2%1.2%
Receive funds2.90 % + AUD$0.302.90 % + AUD$0.30
Add Funds
Bank wireUS$8US$8
Credit card3.5%3.5%
BitcoinFreeFree
Withdraw funds
Bitcoin (from fiat currency)Miner fees: 0.00005Miner fees: 0.00005
Bitcoin (from BTC)Miner fees: 0.00005Miner fees: 0.00005
Bank transferAUD$18AUD$18
Currency conversion
Foreign exchange2.5%2.5%

What types of transfers can I send with Payza?

Payza offers fast, one-off transfers to more than 190 countries around the world.

You can use the following methods to pay for your transaction:

  • Credit card
  • Bank transfer
  • Bitcoin

While you're able to send transfers to both Payza members and non-members, if your recipients do not have a Payza account, they'll need to sign up to access their funds.

Depending on where they live, your recipient can use the following methods to access the money:

  • Bank transfer
  • Credit card
  • Bitcoin

What are the pros and cons of using Payza?

Pros

  • It’s easy. Payza’s simple transfer process allows you to send money quickly and easily online.
  • Worldwide access. With support for 25 currencies and the ability to transfer to 197 countries, Payza provides a range of transfer options.

Cons

  • Negative reviews. A quick Google search of Payza turns up a lot of negative reviews involving customers not receiving their funds.
  • Charged in the US for being unlicensed. US residents can't use it anymore because of this, but Payza still operates elsewhere.
  • Membership required. Your recipient will need to sign up for a Payza account to access the funds you send.
  • Limited customer support. You'll need to fill out an online form to get help with a transaction.
  • Fee-free transfers are only to other Payza accounts. Despite advertising fee-free transfers, this doesn't count for actual international money transfers. If you wish to transfer money domestically to someone else with a Payza account, it will be free.

How do I send money overseas with Payza?

To send money overseas:

  1. Click the Send Funds tab and enter your recipient’s email address, how much you want to send and the currency you're sending.
  2. Select how you're paying for the transfer: credit card, debit card or from your Payza e-wallet. You can top up your e-wallet by linking your bank account or credit card.
  3. Review the details of your transfer, enter your transaction PIN and send your funds. If your recipient is a Payza member, they will receive an email when the funds arrive; non-members must sign up for a Payza account to access their funds.

To retrieve the funds, your recipient must log in to their Payza account and click the Withdraw Funds tab.

Payment can be received by

  • Bank transfer
  • Bank wire
  • Credit card
  • Over-the-counter direct transfer
  • Bitcoin

Bottom line

When you need a fast and affordable way to send money overseas, Payza’s international payment solutions are worth considering. However, customer support is limited and there are plenty of negative online reviews.

Make sure to compare the service that Payza has to offer with the features and benefits of other international money transfer providers – doing so can save you time and money.

Frequently asked questions

International Money Transfer Offers

Important Information*
Logo for TorFX International Money Transfers
TorFX International Money Transfers

TorFX guarantees to match any competitor's exchange rate. Conditions apply.
Send money overseas in 30+ currencies with competitive rates for transfer amounts over $2,000.

Logo for SendFX International Money Transfers
SendFX International Money Transfers

SendFX guarantees to match any competitor's exchange rate. T&Cs apply.
Fee-free transfers in 30+ currencies to over 200 countries.

Logo for WorldFirst International Money Transfers
WorldFirst International Money Transfers

Better exchange rates for Finder customers.
Send 60+ currencies at competitive rates and no fees. If you find a better eligible quote, WorldFirst will beat it.

Logo for OFX (Ozforex) International Money Transfers
OFX (Ozforex) International Money Transfers

$0 transfer fees for Finder customers.
No-maximum limit transfers with competitive exchange rates for 100+ currencies. No transfer fee over AUD$10,000.

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