EgoPay - Payza Alternative Payment Processor for HYIP
As you are aware
of the latest news from Payza is that, they will no longer be dealing with
high risk websites (HYIP). This news has been long overdue since from the
time Alertpay changed its name to Payza, it was obvious that things
weren't going to be the same again. The admendments of Payza's User
Agreement has excluded companies that offer "a literal rate of
return" in their program.
So, what does this means to HYIP and other programs. As for yesterday, all HYIP using Payza as their payment processor received this message from Payza administrators;
"This email is to
notify you that your industry is no longer supported by Payza. Due to an increasingly stringent regulatory
environment associated with your industry, which has been reflected in an
update to Section 6.02 of Payza’s User Agreement, we can no longer process
payments for your business industry. Because Payza is a licensed money
transmitter agent, Payza must conform to the standards and regulations imposed
by the U.S.A. and its individual state regulators. As a result, your industry
has been included as one of the industries Payza can no longer support.
