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Payza was founded by Firoz and Ferhan Patel in August 2004 and started off with 6 employees in Montreal, Quebec. It was known as AlertPay then and it was only renamed as Payza after it has been acquired by MH Pillars Ltd. of London, United Kingdom in May 2012. It has over 70 employees and over 4,000,000 members in 190+ countries. Payza supports 23 currencies and offers localized banking in 46 countries.

Although Payza has slightly higher fees than Paypal, it is much more favoured by business owners as it has less restrictions on the types of online business. Limitation of accounts are also usually rare in Payza.





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Paypal was founded in 1998 and was acquired by eBay in 2002. Over the years, Paypal has become a global leader in online payment solutions with more than 153 million accounts worldwide. Available in 190 markets and 24 currencies around the world, Paypal enables global ecommerce by making payments possible across different locations, currencies, and languages.

However, Paypal restricts quite a number of types of online earning websites and favours buyer much more than seller, resulted in the downfall of quite a number of Paid-To-Click websites as well as many business owners having their accounts limited. Therefore, there are quite a number of websites that use other payment processors instead of Paypal.