jb1rd78
Regular Member
- Oct 22, 2014
- 381
- 140
Payza charged with money laundering
- Thread starter jb1rd78
- Start date
ExperimentalSEO
Regular Member
- Mar 1, 2018
- 451
- 2,067
Only group that is at fault is payza, they refused to register and have everything legal.
- Mar 24, 2017
- 837
- 320
i bet if there were paying taxes, this story had a different twist!
![i[Defy]Pi™](/data/avatars/m/96/96763.jpg?1560696167){kind=avatar}
i[Defy]Pi™
Registered Member
- Feb 11, 2010
- 56
- 31
This is crazy, 250m in transactions, holy shit someone do PayPal's job already and take their revenue.
ExperimentalSEO
Regular Member
- Mar 1, 2018
- 451
- 2,067
They were operating in Washington D.C, New York, Arkansas, Kentucky, Georgia,California,Ohio,Kansas, Vermont,West Virginia,Connecticut New Hampshire and North Dakota without a money transmitter license, and they didn't even register with FinCen.
A consult warned them in 2011 that operating without a license was illegal and they could get arrested for it.
A consult warned them in 2011 that operating without a license was illegal and they could get arrested for it.
- Mar 22, 2013
- 9,148
- 10,491
The Chinese government shutting down all of their pet's competitors.
Oh, wait...
Oh, wait...
LiquidLeads
Supreme Member
- Aug 3, 2016
- 1,352
- 803
Those MFkers shutted down and I got $$$ there
Last edited:
- Mar 22, 2013
- 9,148
- 10,491
This MFkers shutted down and I got $$$ there
I think they have a different domain now that you can go to and login and your funds are there. I saw it on the clixsense forum or someplace.
It's like .org or .net or .uk or something like that.
Silly thing is, you sometimes cannot educate stupidity.
I feel sory for innocent people with funds in there.
LiquidLeads
Supreme Member
- Aug 3, 2016
- 1,352
- 803
https://www.payza.eu/
You are right, just got mail from them, now actually anyone can use it beside US residents
zebrahat
Elite Member
- Aug 6, 2008
- 2,514
- 3,037
If they had registered or otherwise kissed the US ring, they likely would not have been able to have made a profit. Those regs are there to frustrate alternative processors and make them logistically or financially unviable. Payza is about the only site similar to Paypal where one can easily transfer or bridge funds to and from alternative currencies or online payment systems (BTC, etc). That in large part is why Payza is being disrupted.
To avoid further harassment of their business, in addition to using a non-US TLD, They should set up offices and bank accounts in countries that do not have or enforce FINCEN type laws nor have an extradition agreement with the US (e.g., Morocco). They should also block US IP's (as does Payeer, Perfect Money et al) to more cleanly establish they are not seeking access to US markets, or to be under US jurisidiction.
ExperimentalSEO
Regular Member
- Mar 1, 2018
- 451
- 2,067
The registration is not something complicated or financially expensive. If you can't afford the $200,000 or so in initial fees for every state you shouldn't even be in the business.
praveen545445
Senior Member
- Dec 6, 2017
- 866
- 106
They are charging so much when someone pay you 1$ you get only 0.30$ in balance i mean wtf
jazzc
Elite Member
- Jan 27, 2009
- 2,964
- 14,717
Micro-payments cost a lot everywhere when money isn't already loaded into the company owned accounts. So, if i'm to send you $1 from my cc, the intermediary costs until that $1 gets to your cc are substantial (and probably more than $1 if from different countries).
praveen545445
Senior Member
- Dec 6, 2017
- 866
- 106
So if they pay more i will be charges less ? Because i don't think because there fee are fixed for any transaction