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Payza dropping payment to and from US (blog.payza.com)

23 points by k3oni ↗ HN
As the title says, if you are accepting/offering payments through Payza you might want to disable that as they stopped accepting payment to/from US customers and businesses.

And yes, the funds are frozen.

12 comments

[ 3.6 ms ] story [ 36.5 ms ] thread
kmlymi
Any ideas on what the issue is/was?
k3oni
No idea, they don't seem to have made that public. But seeing as more and more outside US processors stop catering to US businesses and customers it's not hard to see why.

Edit: Funny thing is that they didn't even bother sending an email, found about it from one of the forums i follow...

StavrosK
> But seeing as more and more outside US processors stop catering to US businesses and customers it's not hard to see why.

Would you care to elucidate?

cbhl
AFAICS:

1. There's a very high regulatory burden.

2. It's practically impossible to run a payment processor in the U.S. without getting funds frozen. PayPal is as successful as it is in part because they built a giant machine-learning monstrosity to automatically detect and deal with fraud (and it's full of false positives, but they consider that just a cost of doing business on the U.S. Internet).

davidcollantes
The way they put it on their weblog, their partners in the US stopped. It does seem to have anything to do with "[...] more outside US processors stop catering to US businesses and customers [...]".

Never heard of Payza until now. That much will affect me.

k3oni
The Payza name is a bit new, it's the former AlertPay.
singlow
There were reports that the funds in their U.S. providers account were seized by DHS a week or two ago.

Their U.S. provider was, according to them, Obopay/Ultralight, but Obopay/Ultralight said that Payza was lying about their relationship. I never could find a good explanation.

http://scrolldog.com/payza-under-fire-by-homeland-security-u...

This link has a lot of info, but I have no idea what is accurate.

k3oni
Thanks for that, enough to say i didn't receive the "email" they sent to their US customers, it may have got lost on the "interwebs".
bassclef
ahhh, the crushing of creativity by the US Government.. America will end up in the dark ages at this pace.. gotta love government stealing everything they can get their hands on.
jbail
This article didn't contain any mention of the US government.
mjolk
Yes, the crushing of "send money via internet" creativity. Without being hyperbolic, the government or creditors are literally stifling this century's Da Vincis.