Paxum UnionPay Card Fee Adjustment
 

Dear UnionPay Card Customers,

In recent weeks, the overwhelming majority of prepaid card cash withdrawals have involved USD currency, which has triggered system alerts because of the high volume and frequency of such transactions. In short, we must address this unusual activity.

In order to maintain the integrity of our card program, starting on May 15, 2020, all international ATM withdrawals will be charged the same 3% commission and $2 USD fee regardless of the type of currency withdrawn. We believe this modest adjustment is necessary to maintain reasonable fees for all our customers long term while continuing to allow USD cash withdrawals at a more appropriate program level.

We hope that you understand the need for the pricing adjustment mentioned above and that you’ll continue to enjoy your UnionPay Card and our other products and services offered worldwide.

Thank you.

Paxum.com Team.

Sounds like they trying to prevent bank run lol

How considerate . . .

The ATM's on the canary islands take 3% also, so now I'm sitting at 6% + $2 per withdrawal + shitty conversion from $ to €, sigh... :error

Where are you on the Canary's?..

So shortly after sending out cards to everyone, they change the price? What was the price previously? In any case, not fair at all and very short notice too. Feels like a bait and switch.

Regardless which e-wallet you use, expect to be screwed at any time.

You still there? Though you returned to Sweden. That makes you second GFY-er stuck in Spain :upsidedow

I have Paxum Wirecard and fees are the same.

:thumbsup

They keep surprising me every day

Help me do the math.

1k Withdrawl would cost $32 USD?

Yes. 3% + $2 + exchange rate** + local ATM fees**.

** One would assume the exchange rate is tilted in their favour. Plus there is the local ATM fees.

I am in Sweden now but I use the paxum card when im down there ;)

Puerto Rico Gran Canaria, I'm in Sweden now though till this corona shit is over.

Nasty...

If it is working its fine

We need to talk more! I normally go to the small harbour village next to Puerto Rico, and from Sweden too.

Cool, you mean Puerto Mogan? I wont be down there until earliest autumn though :Oh crap

Fees sucks..they charge on the beginning and after few months ...card is out of function ... we pay for service which do not use totally

to Chile please

I still remember buying American Express Travelers Checks a lot more then 32 $/1K:2 cents:

I got their email last week.
So after May 15, I have to lose around USD29 (3%+$2+exchange rate) per withdrawal of USD385 (ATM limit per transaction). Crazy!:Oh crap

You can always opt not to use the card.

oh wait, we had that then you all complained again...