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Payza’s troubles all started on November 26th, 2013 when Obopay, the company that was responsible for all of Payza’s U.S. based funds suddenly had their assets seized. Amongst the assets seized were Payza members funds. The U.S. Department of Justice still holds on to these funds and Payza has been working diligently to recoup them for their U.S. members. The funds that were seized initially were held in a FBO (For Benefit Of) account by Obopay.
Since this happened, Payza has been working hard to clear their name and to push the service to the next level. They have been working on forming new partnerships that will allow the company to resume full services to the United States. An announcement will be made later today that specifically names the companies new partner. Just a few hours ago on Twitter Payza tweeted: “Big News #Payza People! We have an announcement coming tomorrow about new partnerships in the U.S.”
It was originally believed that the issues regarding U.S. based funds were at the fault of Payza. It has since been determined that Obopay was indeed the culprit. Obopay has been ordered to shut down and cease all of their operations. The DOJ seized all of their assets including but not limited to Payza’s. Payza has since been working diligently to restore access to American users while also bolstering up it’s site with new features.
See Full Article: Payza In The USA: Money Services Being Restored To All 50 U.S. States | ScrollDog.com ? Breaking Scene News
See Payza Interview: http://scrolldog.com/payment-processor-interview-rob-elbaz-of-payza/
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