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Old 12-09-2016, 03:48 AM  
Adraco
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Join Date: May 2009
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I was not aware that they had enabled the "transfer to external card" again. They had that service long ago, then it disappeared and I have never seen any announcement that it was ever re-instated.

How it works is this,
you submit a credit or debit card, they do a reverse charge on the card, in this case crediting it with money instead of charging it like you would do in a normal purchase.

The funds will show up in your bank account, if you have a debit card that is directly connected to your bank account. If you have a credit card, the reverse charge will show up as a credit on your monthly statement and will be deducted from the amount on your bill to pay.

Be careful though, not all banks, card issuers or credit cards accepts reverse charges. Some see it as some type of fraudulent transaction if you receive money on your card from someone where you have not made an initial purchase. Most will then issue a warning to you, let you know such transactions will not be accepted in the future. Others, might even say directly that now you have violated the card tarms and they will revoke your card.

Paxum themselves, for example, completely forbid any such type of reverse charges (funding to Paxum's own Mastercards from external parties) and they will cancel your card for any such transaction.
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