Payza introduces withdrawal by Bitcoin

It looks like Charlie Shrem’s counsel has paid off. Payza now lets you withdraw balances from your account into bitcoins.

Payza is a payment processing company. According to its website, the company has over 9 million members and offers services in 197 countries and 21 different currencies. E-commerce processing, corporate disbursements and remittances are among the supported areas.

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Clients will now have the option of having their fiat withdrawn into bitcoins- essentially adding a bitcoin buying service. The company says it has big future plans for Bitcoin on its platform. This is the company’s first foray into Bitcoin- until now they were strictly a fiat payment processor.

The withdrawal takes 1-3 days to process, but you can lock in your exchange rate at the start of the withdrawal process.

Funds added to an account directly by credit card cannot be withdrawn into bitcoins. Only verified accounts are eligible.

One week ago, the company added a withdrawal to credit card option.