anyone used paxum?

[realcat]

They now offer personal IBAN with your own name on it, however internet is full with complaints and bad reviews, it's really hard to find anything positive written about this company.

 

[Martin Everson]

Are you referring to www.paxum.com in Canada or www.paxumbank.com in Dominica?

Both same ownership btw.

 

[realcat]

it's about paxum.com I was on the way to sign up before googled paxum reviews

 

[negon]

Do you know about paxumbank.com what they are doing and how they take on new customers?

 

[Martin Everson]

Do you know about paxumbank.com what they are doing and how they take on new customers?

They are the offshoot of paxum.com for non-Canadian client business. A lot of things they cannot do in Canada as an EMI they can use paxumbank in Dominica to do. The banking license I understand allows them a bit more freedom to offer loans etc....however I could be wrong. None of the services other than wires are available at present.

You just download and complete their docs and send them copies of it by email. Then if they give you pre-approval then you can send them original notarized copies by post. They accept offshore companies.

 

[Martin Everson]

It is interesting. They can be used as a kit EMI + Bank. Tariffs are acceptable.

Dominica Offshore Company + Dominica Bank combo

Their pricing is very fair but they are only able to do this by processing payments via Europe. See below thread for compliant however:

Any good banks left out there?

 

[summerh]

They now offer personal IBAN with your own name on it, however internet is full with complaints and bad reviews, it's really hard to find anything positive written about this company.

I have never used it. But i have heart good reviews about it

 

[Martin Everson]

I have never used it. But i have heart good reviews about it

Heard they cancelled all euro cards due to Wirecard Bank problems. Not sure how good their service is now .

 

[DaveDu]

I was working with paxum for more than five years, but they banned me without investigation and lost 1000 USD approx(was a joke because I love more than 1 million USD during the active account time). Is good I think, this service lets get the payments of webcam studios in Colombia . I get all this payment in my personal paxum account and send a swift transfer to my personal bank account, take commission and pay for the studios. This was good but when they want ban u without reason just happen. i know a large list of webcams models lost money with paxum. They have terrible support. The cards were blocked and change.

 

[anotherone]

You should leave too much money on your paxum account if you have one. If you are forced to use paxum, you must use another EMI to withdraw it as fast as possible.
My paxum account was not closed but I wrote to paxum and I wanted to know the reasons why they close accounts. Most of the time, they close accounts following a purchase done via the paxum debit card.

 

[Nebuchadnezzar]

paxum is mostly used in the adult scene. so if youre into adult and P**N you can be friends with them and then its good. I anyways still not like them because of lack of knowledge and support compared to the other EMIs. So i not recommend them.

 

[JohnLocke]

How does Paxum manage their day to day business, are they reliable, any troubles or anything to report?

 

[anotherone]

How does Paxum manage their day to day business, are they reliable, any troubles or anything to report?

They don't accept any interactions with bitcoins.
on a day to day basis, it can work well but they blacklisted all EMIs to transfer money out. It is not possible to transfer money from paxum to Revolut, from paxum to epayservice. I think it is not possible to cash out to many other EMIs

 

[Mr Magoo]

just to confirm: is paxumbank.com a BANK or an EMI? Paxum.com is clearly an EMI if I am not mistaken.

 

[Martin Everson]

just to confirm: is paxumbank.com a BANK or an EMI? Paxum.com is clearly an EMI if I am not mistaken.

Paxumbank is indeed a Dominica licensed bank.