Paxum EFT Withdraw Expands To Include Five Additional Countries
 

'Tis the season to be joyous and Paxum is jubilant to expand EFT Withdrawal to five new countries and currencies! Paxum clients in Australia, Canada, Hungary, Philippines and Poland can rejoice as EFT (Electronic Funds Transfer) Withdrawal is now available in their local currency direct from the Paxum account interface.

“We are excited to introduce EFT withdrawal to these five additional countries before we enter the New Year.” said Paxum's Ruth Blair. “We are constantly striving to provide the best payment platform, and as part of that effort we will continue to reinforce EFT options and expand our alternative withdrawal offerings during the course of 2019.”

EFT Withdrawal has now been implemented in AUD (Australian Dollar), CAD (Canadian Dollar), HUF (Hungarian Forint), PHP (Philippines Peso), and PLN (Polish Zloty) currencies, and can be found in the Withdraw Funds section of eligible Paxum account-holders. EFT Withdrawal can be initiated directly from USD, EUR, and GBP currency accounts inside Paxum. The applicable currency conversion rate will be displayed inside the account interface prior to submission to ensure client agreement prior to withdrawal.

“Demand for EFT inclusion to these countries has been tremendous.” continued Blair, “We are thrilled to fulfill this request and with good fees and generous limits we're convinced our Australian, Canadian, Hungarian, Philippine and Polish clients will enjoy the benefits.”

The fee for EFT withdrawal in AUD, CAD, HUF, PHP, and PLN is $8.95 USD per transfer and the limits are $3,500 USD per transaction with a daily maximum of $10,000 USD. There is no prior approval required. Eligible Paxum clients can simply initiate an EFT withdrawal from their Paxum account interface at any time.

The addition of EFT Withdrawal for Australian, Canadian, Hungarian, Philippine and Polish clients is part of a series of planned additions to further expand Paxum withdrawal options. Stay tuned for more updates from Paxum during 2019.

To learn more about Paxum, or to register your free account please visit their website at Paxum. Pay with ease.

Paxum has been offering a secure instant payment platform since 2007, with hundreds of thousands of clients actively using the service. The award-winning payment company provides a cost-effective user-friendly interface fortified with stringent security measures and multiple ways for clients to access their account funds, including an optional prepaid credit card. Users can easily send and receive money instantly all over the world. Interested parties can learn more or register for a free account by visiting their site at Paxum. Pay with ease.

Wohooo! Happy Holidays!!

Good stuff :pimp . . .

$8.95 USD to withdraw to Australia using EFT. That's the same amount as it costs to process a foreign cheque at my bank.

Considering Ruth hasn't replied to my emails as promised regarding fees and MasterCard withdrawals not working it will be interesting to see if I get my remaining $30 AUD out of the account.

It started off at $105.73 USD

Then dropped 44.95 USD for a card I didn't receive.

Then dropped $30 USD for being idle while I couldn't withdraw by any means.

My remaining $30 USD becomes $30 AUD after the 8.95 USD withdrawal fee.

So $150.07 AUD becomes $30 AUD after fees.

Maybe Paxum might consider refunding the fees but I won't hold my breath, they can't even reply to emails when they promise to.

Update, Ruth replied to my email and it's all my fault the balance dropped so low. I've closed my account.

That's not an entirely accurate description of the situation...

The $44.95 USD card annual fee was charged for a card that was already in your possession. It was the 2nd year annual fee. There will be no refund for that.

We have full disclosure on our website of our fees and we clearly list that account maintenance is free unless there is no use for 180 days. We also announced this fee when it was first implemented. You did not use your account for 180 days and therefore you were charged the fee. There will be no refund for these fees.

I replied to your email a second time a short while ago. I had assumed that when I first responded to your email on December 20th to tell you I'd check into it that you would give me the necessary time to do so. Unfortunately the timing was a little delayed due to the holiday and a weekend in between.

I don't think it's unreasonable to expect grown adults to take responsibility for their finances and be aware of fees they may be charged by financial services they use.

I'm glad you were able to use our new AUD EFT withdrawal option to withdraw your funds and as I said in my email, thank you for using Paxum at the times that you did. We're glad we were able to assist during your File Locker/Piracy fight days, and we appreciate your business and wish you well for the future.

great :thumbsup

Great news! :thumbsup

good news :)

There is a mistake Canada have been include this time :1orglaugh

Finaly :thumbsup Great news

Nice one i will give it a try :thumbsup

Hey Ruth, could you please confirm that Paxum TruCash dont work anymore in ATMs in Ukraine ? I'm currently in Ukraine and would like to withdraw some money from paxum trucash card...What will happen if I will insert paxum card into Ukrainian ATM ? Will I get my money ?

Good work Paxum! Way to go!

I'm a bit confused about the OP and the announcement that was emailed. It makes it sound like EFT to Australia is a new thing, but a year ago Paxum offered EFT withdrawals to Australia...until suddenly they didn't.

Why should I believe this time will be any different?

At $8.95 USD per EFT and a (much) worse exchange rate than the banks it's probably better just to get cheques sent from sponsors and bank them locally. That's what I've been doing since it became obvious that Paxum is useless.

highest fees I've ever seen xDDD good thing I don't use this site for a while

I am saving a lot of Wire fees now. More than $300 saved for monthly wire fees alone.
It takes a bit longer for funds to get credited, but i'll take that anytime.

Indeed :2 cents: :thumbsup

paxum. an amazing service

Nothing received.

Funds must be in motion :2 cents:

Please allow for the holiday and weekends. Wires/EFT can experience minor delays during this time of the year. You should receive the EFT withdrawal in the next few days.

great news!

:thumbsup

My $30 (which was originally over $100) arrived today after processing an EFT transaction through Paxum before closing my account.

However it was an inbound telegraphic transfer (a wire) and guess what? Yep, inbound wire's cost me money - $35 to be precise.

Why do you call it EFT if it's a fucking wire transfer?

So Ruth, you, Octav, Chris and anyone else who works at or manages your fucked up, dumpster fire of a company can well and truly go fuck yourselves. :321GFY

It came through as a telegraphic transfer? Which bank are you with? What did the description say?

In the past incarnation of EFT to Australia, my withdrawals arrived as a RTGS payment, which I think is basically an inbound EFT transfer. No extra charges assessed by the bank. But that was in 2017...

Yeah, a Wire/Telegraphic Transfer. I rang the bank today to confirm it was right because I couldn't believe it. How can one company screw up so much so often and win awards?

https://bbspics.com/images/2019/01/02/paxumsucks.jpg

I don't care about the money, $30 doesn't buy me a meal at the pub. My point in this and another Paxum thread is that this company is toxic.

A toxic, untrustworthy company sitting on a mountain load of personal information, scans of passports etc all ready to be used for who knows what? I don't trust Paxum because their reps lie or obfuscate, all the time.

I'm really impressed how quickly the EFT arrived to your bank account. From 27th December to today, that's fast! Just 3 business days, considering there was a weekend and a holiday in there. :thumbsup

You mention that your bank charged you a fee, and you took the time to take a screenshot of the deposit, yet there doesn't appear to be any fee listed for this deposit on the screenshot you shared. To me it looks like you received exactly what you requested, and quickly!

We are successfully sending EFT in AUD (and all other supported currencies), and we have sent much more than just one AUD EFT since it was implemented.

Yet we have not heard any complaints from other AUD EFT recipients of any excessive fees charged by their bank... you appear to be the only one affected.

It's a shame that you seem to take every possible opportunity to try to denigrate Paxum. I hope the New Year brings you some peace so you can focus on more important things in life. :)

It's a Telegraphic Transfer, can't you read? It's not EFT, it's a TT from Interpay Limited.

I can't believe how much spin you try and put on the obvious.

But no problem, Paxum is perfect and everyone else that complains is wrong.

:321GFY

Tried the Canada one just now :)

EFT fee: $8.95 USD

Amount: 469.50 CAD
Date/Time: 2019-01-03 06:25:50
Transaction Type: Withdraw funds by eft
Transaction Status: Initiated
Estimated Time: Takes 5-7 business days :warning

Will see how long it takes :)

Ruth, when will the new "real" paxum cards be sent?

HOLLY SHIT ..... Already in my bank as January 4. LOL :thumbsup

January 4, 2019 Miscellaneous Payment xxxxx UK LTD. 469.50

Thats anywhere between 24 hours to 48 hours! That was Fast......

:thumbsup:thumbsup

Good to know :) . . .

paypal is instant for 50 cents :)

duh :1orglaugh

Fast is you compare to wire from Paxum? ... Some experienced EFT 2 - 3 days .. So its not that bad after all .

did your receiving bank charged you something for receiving EFT ?

No fee from the bank, im with ScotiaBank so on this EFT i have paid Paxum EFT fee only. :thumbsup

When will we be able to transfer to USA accounts/cards like paypal?

I wonder if there will be answers to these questions, both have been asked repeatedly in other threads and ignored so far.

To be honest, i don't expect her to answer, it is a shame how they ignore their customers.

:2 cents:

No problems with Trucash issued card, just the limits suck.

The temporary cards are real cards that work at ATMs and for POS purchases. We have already printed and shipped some alternative cards to some clients and we are working through demand for cards.

That is great news Brian! Thank you for sharing your experience! :thumbsup

USA business clients can withdraw their funds by Wire Transfer or by ACH Withdrawal. We do not support external credit card withdrawal for USA and we have no current plans to make any changes to that.

i don't have either, i was one of the first to receive the trucash card but since they changed the limit and paxum announced that their new "real" paxum card will have higher limits i am waiting for it.
since this announcement they have stopped talking about the new card!

i know that the temp cards are real cards, i have one of those.
but you know what i am talking about since you announced the next cards as "real" paxum cards, with real i don't mean that trucash cards are virtual cards or whatever.
so, how can i find out when i will get my next card with higher limits?

thank you adult king for throwing the only payment option some of us have under the bus for a $30 fee you were or were not aware of...can you be so kind as to point us to an alternate source? whats that you say? no?...

maybe all the naysayers should open up their own payment processing services and make millions?...I mean the need is obviously there so why not show paxum how its done?...you guys are so perfect and you never make mistakes you would make millions!...any bank will process for adult LOL...

remember folks: it is easy and you can do better :thumbsup go get them millions :thumbsup

Would love to have more infos on that. Now that you we can't EFT to transferwise or revolut, my money is stuck on Paxum;

I can't work with the current mastercard and $1 fee for every paiment online. Makes my domain renewal expensive.

Sorry for being ignorant, what happened to transferwise? I EFT'd almost $5000 earlier this week there. Your country or something?

They told me it's not possible anymore....