Paxum and Payoneer use banks in Belize...
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1.1 Paxum is a provider of E-Wallet Service and is a registered Money Business Service in Canada and USA. You agree that:
(a) Paxum is not a bank;
(b) Funds in the Current and Prepaid Card accounts are not insured by any government agency such as FDIC
(c) Paxum doesn't pay interest to Users on funds kept in Current or Prepaid Card accounts
(d) To indemnify and hold harmless Paxum, its agents, affiliates, officers, directors and employees from any claim or demand whatsoever relating to or arising out of User's use of the Paxum system, except for any loss caused by willful misconduct of Paxum;
(e) User understands and acknowledges that Paxum is a Belize registered company and that Paxum follows the laws of Belize;
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Payoneer =
http://www.choicebankltd.com/ of Belize
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No bank in Belize offers insurance on depositors? funds. Banks are regulated by the Central Bank of Belize
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Do you think your money is safe?