Not a user of Payza but it seems to be pretty decent despite the lack of UK/US and certain other country bank accounts.
The fees of $15 - $25 seem normal and in many cases cheaper than Paypal given Paypal force you to convert to your local currency.
Bank wire transfers normally cost $30+ globally. So $15 - $25 is already a discount compared to bank rates.
Being able to withdraw in a non domestic currency (i.e USD instead of HKD) means saving money on currency exchange rates. Paypal charge 2.5% just for the exchange, and this is on top of their already typical 4% charge. If you charge US$100 you end up with around HK$730 which is about HK$48 (6.58%) less than your actual fee.
If you can wait long enough for your Payza account to accumulate enough funds to say $2,000 it works out being cheaper. $2,000 * 2.5% = $50 in transaction fees. $50 transaction fees + $25 withdrawal fees = $75 total fees. $75/$2,000 = 3.75%.
Of course if you earn in local currency then Paypal is probably cheaper for lower withdrawal amounts. But even with high withdrawal levels, Payza is still competitive.
The fees of $15 - $25 seem normal and in many cases cheaper than Paypal given Paypal force you to convert to your local currency.
Bank wire transfers normally cost $30+ globally. So $15 - $25 is already a discount compared to bank rates.
Being able to withdraw in a non domestic currency (i.e USD instead of HKD) means saving money on currency exchange rates. Paypal charge 2.5% just for the exchange, and this is on top of their already typical 4% charge. If you charge US$100 you end up with around HK$730 which is about HK$48 (6.58%) less than your actual fee.
If you can wait long enough for your Payza account to accumulate enough funds to say $2,000 it works out being cheaper. $2,000 * 2.5% = $50 in transaction fees. $50 transaction fees + $25 withdrawal fees = $75 total fees. $75/$2,000 = 3.75%.
Of course if you earn in local currency then Paypal is probably cheaper for lower withdrawal amounts. But even with high withdrawal levels, Payza is still competitive.
