Quote:
Originally Posted by RuthB
Our business is incorporated and registered and has been audited by both Mastercard and the Canadian government, plus the bank we use (BMO) is protected by the Canadian government as well.
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This here lies the problem with using board reps to represent the company's interests.
OK, so the company is incorporated. I know alot about payment processing, and know that you have not been audited by Mastercard (at least not yet, and you do not want to go through that process... prime example epassporte). You have a third party white label card issuing agreement you say with Choice Bank in Belize, which is relatively easy to obtain and requires no significant investment or major due diligence. What do you mean audited by the Canadian government? The tax authorities? That is not something to brag about or make public on this forum if it is indeed the case. So the government (through the tax authority section, called the CRA in Canada) has audited Paxum. That will make alot of potential users of your services very uncomfortable. What do you mean that BMO is protected by the Canadian government? Are you saying that when a customer opens an account with you that they are opening an account with BMO and their money is insured as if they had an account with BMO? We both know that is not the case and you should be careful as to how you represent (or in this case misrepresent) Paxum's relationship with BMO. Just my
