Payza and the PTC Industry - What will Happen?
By Edward
@trinale (1479)
United States
June 29, 2012 5:46pm CST
Good day everyone! Today when I logged into Clixsense, I received the following update:
[i]Payza Cashouts
We are reaching out to all members who currently have Payza elected as their payment processor to cashout. If you have a Paypal account we ask that you switch from Payza to Paypal as their fees to receive your cashouts are lower.
Also it seems that Payza may be having issues as they again lost their ability to process credit cards and it seems we are unable to make any deposits to them. Please if you have your account set to cashout to Payza, switch to Paypal until these issues get resolved. We will keep you updated on this issue. [/i]
I've never been a big fan of Payza nor AlertPay (their formal name) since the beginning because of their poor customer support, high fees and verification process. In fact, I often judge programs that only accept Payza because they couldn't pass the muster with legitimate payment processors like PayPal.
When AlertPay changed their name to Payza I started wondering how long it would be before they fold and go out of business. Now I'm curious how they will affect other businesses and scammers that only accept them as payment processors.
Will, this actually kill or slow down the number of scams and HYIPs? I've noticed recent discussions about JSS Tripler limiting payouts. Since this is a HYIP program, are the funds running low? People out there with only Payza accounts will not be able to join.
I've been asked by friends to check out programs that only have Payza as their payment processor so I can't join and check them out. I don't have funds there anymore and I'm not going to create a Liberty Reserve or Solidtrust account just for that. I want the ability to transfer funds to and from my checking account immediately.
What do you think the failure of Payza would have on the PTC industry?
Cheers,
Stan
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