As Payza is one the payment medium is using after the paypal and Moneybookers and well known accepted by many companies world wide,
Payza users have the problems in the payza fund, that they receive fund from their clients for providing services online or from any third party, and after some days they notice in their account that payza fund that was received is reversed and deducted from his fund.
There are many problems may be with the fund that cause the reversal of your fund. the reason are following.
- Fund added through Stolen Credit Card
- User has open the dispute on your transaction.
- Users want to fraud with you.
Fund added through Stolen Credit Card
Yes if the dollars in payza account was added through the stolen card than the owner of credit card may ask for the chargeback. So all the transaction will made through that fund will be reversed in some cases the account of the receiver may be blocked by Payza.
User has open the dispute on your transaction.
For example you are selling the good online or providing the services online, you receive the payment through payza but not provided the services to users, than user may upen dispute against you in payza and can get the dollars back from you.
Users want to fraud with you.
Yes. This happen when some user want to do fraud with you.
For example;: You sold a software to user for payza dollars , after sending the software to users he open the dispute against payza dollars and he won the dispute.
Because payza is not much good in the case of reversal and still sellers are getting loss of their funds.
What is the Solution ? How to Do Online Business?
If you are doing the business online with payza as payment gateway than be advised that never accept the payment direct from account to account. Always accept the payment through API and with holding of funds by payza for few days. in this case payza will notice that you are directly receiving the fund from your site not from any external source and than if any dispute will open against you, payza will help a lot to you to prove your self right and straight .
If you are accepting the direct payment than choose the following, still in online market some payment mediums are available that not allow the users to reverse the fund, and these are
Payza is very risky that’s why most of the major companies are still not accepting the payment throguh payza.
So be careful and do the deals only with those person to whom you know mutually.