Online payments and electronic wallet provider Payza has added two features to its eWallet: Credit Card Top Up and Credit Card Withdrawal.

Credit Card Top Up allows users to set a credit card as an automatic funding source for sending money or completing an online payment, Payza says. Top Up is designed to help merchants improve conversion rates by allowing good-standing credit card customers to fund their transactions instantly from the checkout screen.

The Credit Card Withdrawal feature, expected to be available in some markets next week, allows users to withdraw their e-wallet funds onto a credit card. It is "much less expensive and much faster than traditional withdrawal methods" that take up to six business days and cost up to $25, the company says in a June 23 press release.

The new features follow several recent process improvements, including streamlined account creation  and evolving fraud protection measures. In March, shortly after launching new merchant services in the U.S., Payza expanded services in the European Union.

Subscribe Now

Authoritative analysis and perspective for every segment of the payments industry

14-Day Free Trial

Authoritative analysis and perspective for every segment of the industry