Payza dropping payment to and from US | Hacker News Reader

Payza dropping payment to and from US

blog.payza.com

23 pointsk3oni12 comments

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.

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Any ideas on what the issue is/was?

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...

> 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?

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).

I see, thank you.

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.

The Payza name is a bit new, it's the former AlertPay.

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.

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".

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.

This article didn't contain any mention of the US government.

Yes, the crushing of "send money via internet" creativity. Without being hyperbolic, the government or creditors are literally stifling this century's Da Vincis.

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