Payza members now have the full functionality of a Bitcoin wallet within their Payza accounts
Payza is proud to introduce our newest cryptocurrency feature: Cryptocurrency Address Manager. Payza members can now generate their own Bitcoin addresses and QR codes for their Payza account. These are multi-use addresses that can be used to receive Bitcoin from other Bitcoin wallets without first having to set up an Add Funds by Bitcoin transaction.
This new feature lets you generate and manage cryptocurrency addresses right inside your Payza account. Although only Bitcoin addresses are currently supported, other cryptocurrencies will be added in upcoming releases.
For merchants using Payza to process Bitcoin payments, we advise you to continue processing Bitcoin payments as before, because the new process for generating Bitcoin addresses can’t be used to tie customer payment information to transactions. This means that it will be difficult for merchants to associate a payment with a specific customer and it will be impossible to automate post-payment processes. The already existing method for processing Bitcoin payments also allows for better testing and automation through the new Payza Test Center.
How to a Generate Payza Bitcoin Address:
- In your Payza account, click “Wallet” in the left-hand column.
- Select “Cryptocurrency Address Manager”.
- Select “Bitcoin” as the currency in the drop-down menu.
- Click “Generate New Address”.
A new Bitcoin address and QR code will be generated and listed in the Cryptocurrency Address Manager section. Use the generated Bitcoin address to receive bitcoins from other Bitcoin wallets.
When you receive bitcoins to your Payza Bitcoin address, your balance will instantly and automatically be updated and you’ll receive an email notification letting you know that you’ve successfully received Bitcoin.
Managing Cryptocurrency Addresses
When you need to manage and organize your Payza cryptocurrency addresses, you will find them all in the Cryptocurrency Address Manager section within your Payza account. The cryptocurrency addresses can be used multiple times to receive funds.
At the top of this page, you will see how many current cryptocurrency addresses are linked to your Payza account. You can use the search bar to review the activity on different addresses or to find all the addresses associated with a specific cryptocurrency. The Cryptocurrency Address Manager also shows you the amount of cryptocurrency you have received to each address in your Payza account. This amount will appear next to each address and QR Code under the heading “Amount Received”.
You can have a maximum of 50 cryptocurrency addresses listed in your Payza account. To generate additional addresses, you will have to remove an existing address. To remove an existing address, simply click the “Remove” option next to the cryptocurrency address you wish to remove.
A removed address will still be associated to your Payza account and will re-appear in the list if someone sends funds to it. So even if someone sends Bitcoin to an address that you have removed, you will still receive those bitcoins without problem.
If you have several cryptocurrency addresses listed in your Payza account, you can find one easily by entering the cryptocurrency address under “Find Existing Address” in the Cryptocurrency Address Manager section within your Payza account:
- In your Payza account, click “Wallet” in the left-hand column.
- Select “Cryptocurrency Address Manager”.
- Enter the cryptocurrency address you are searching for under “Find Existing Address”.
Coming Soon to the Payza App
The Cryptocurrency Address Manager is only available through the Payza desktop site for now, but will be available for the Payza App in a future update.
