Online Payments Firm Payza Enables Bitcoin Payments Processing for Merchants

Payza, an online payment processor, announced today that merchants using Payza to process payments can now accept payment by Bitcoin. The new feature has been 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.

Firoz Patel, Executive VP of Strategic Partnerships and Corporate Affairs, noted:

We’re very excited to be launching Bitcoin checkout today. 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.

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.

Patel added:

We’re looking to fully incorporate Bitcoin into the Payza platform but we’re taking it one step at a time. 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.

Payza reports that it has millions of member and 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.

Writes for Asia Tech Media Limited's publications, and Experienced blogger and freelance IT/business writer for Chinese and English magazines and newspapers. Studied journalism at Indiana University Bloomington.
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