News from the Wire

Payza launches Bitcoin Checkout for online merchants

Thursday, May 28, 2015 — 12:03:55 (EDT)

Montreal, New York and London, May 27, 2015 -- Payza, a leading online payment processor, announced today that merchants using Payza to process payments can now accept payment by Bitcoin. The new feature has been automatically enabled on all existing Payza Payment Buttons, with the exception of businesses in countries that restrict Bitcoin.

Merchants receiving Bitcoin payments through Payza will continue to receive payment in their specified currency, protecting them against any fluctuations in Bitcoin’s price. This means that merchants can continue processing payments as normal through Payza, but they will now have access to a new way to receive payment opening their businesses up to a new segment of customers.

“We’re very excited to be launching Bitcoin checkout today,” said Firoz Patel, Executive VP of Strategic Partnerships and Corporate Affairs. “We believe in the potential of cryptocurrencies. Offering services that revolve around Bitcoin and other digital currencies is a natural step that all online payment platforms will need to take. At Payza, we aren’t hesitating to take that step.”

Bitcoin Checkout is available immediately for both existing Payza members and for guests by using the “Join Payza & Pay” checkout option.

Payza started offering Bitcoin services in August 2014 when they introduced an option for Payza members to buy Bitcoin directly within their accounts. In October, the company released Bitcoin deposits, which allowed members to sell Bitcoin to Payza.

Future Bitcoin plans from Payza include giving merchants an option to hold some or all of the bitcoins they receive as payment. “We’re looking to fully incorporate Bitcoin into the Payza platform but we’re taking it one step at a time,” added Patel. “We’re already far ahead of many of our competitors in terms of Bitcoin adoption, and the reaction from our members to each new release has encouraged us to keep moving forward.”

About Payza

Payza is a leading online payments technology platform used by licensed entities around the world.

Payza’s highly secure platform provides businesses and consumers with convenient and flexible solutions for sending and receiving payments worldwide. The company offers access to payment services in both traditional and emerging markets, as well as a host of tools and services including: fraud screening, dispute resolution, currency exchange, global payouts and disbursement services. With millions of members, Payza offers its services around the world in 21 currencies, and is proud to provide its merchants around the globe with a complete solution for accepting payments and managing their businesses. More information is available about Payza on its website, www.payza.com, Facebook, Twitter and the company’s blog.

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Source: Company press release.