Paxum Can Suck My Balls
 

So i am having trouble receiving a wire from a Sponser for an affiliate payout. So I go and signup for a Paxum Business Account (the only other payout method). I submit my ID, proof of address and Articles of Incorporation, the same documents I have supplied for every such payment processor.

Well guess what? Paxum writes back with this insanely long list of info (see below), most of which I do not have access to or can find easily nor do I feel like selling my first born so I can receive a fucking $600 payout. LOL

Seriously Paxum suck my balls! No wonder I see thread after thread on here about how much you suck. Check this insane list out:

For the verification of your account to be completed, we kindly ask you to provide the following information and documents:

1. An ID and a valid proof of address issued under your name (Issued in the last three months);
2. Proof of address for your company (different to the Business/Corporation Registration)
3. The list of shareholders along with the identity documents and address proofs of all the persons that have more than 10% of the shares;
4. The part of the Business/Corporation Registration that shows the directors of the company;
5. The ID documents and proof of address (Issued in the last three months) for the Directors. Upload this in Profile Settings >> Business Representatives>> Add Representative.
6. The part of the Business/Corporation Registration that shows the Legal Representatives;
7. The ID documents and proof of address (Issued in the last three months) for Legal Representatives; Upload this in Profile Settings >> Business Representatives>> Add Representative.
8. A document that shows your position in the company;

9. Source of Funds:
10. The Purpose of the business account (reason/services you will provide to your clients):
11. The Line of Business
12. Estimated Monthly Deposits:
13. Estimated Monthly Withdrawals:
14. As well as a few examples of the companies/users who will be paying you (receiving funds) through Paxum and of those to whom you will be sending funds:

Legit companies do not make you jump through these many hoops. I have applied for mortgages, car loans and personal loans that didn't require half of this nonsense.

:disgust:disgust:disgust

Sorry to hear that. I used Paxum for a while with one client and had to wait months to get my card in the mail. In the meantime I read so many horrible user reviews that I was afraid I could end up losing the money in my account at any given time. There were so many red flags that it destroyed any possible trust I could have in their company. Fortunately, I always managed to transfer my money and eventually stopped using them altogether.

You are very smart to have done that. My rant has nothing to do with any of Paxum's employees (Ruth B etc) as these policies are not their fault. :) But when I got the above email the list was truly absurd.

Hey Paxum, if you are so fucking worried about sending out Adult payments then get out of the fucking Adult business eh?

Why do you think it's Paxum and not the bank who set rules if you want fully use their service?

They'll need a hi-res picture of your balls and medical proof that you're the proprietor.

Because I have signed up for other cards and processors and no one has ever asked to see such detailed corporate information. I work with multiple banks and none make me jump through these kinds of hoops. If the bank Paxum is using is so stringent then perhaps it's not even an Adult-approved bank like Merrick or Humbolt and maybe that's why Paxum is constantly having funding, processing and transfer problems.

Heh apparently they want one of those YouTube proctologist exam videos where they put a scope up your ass and you're driving POV-style down the Hershey Highway.

I agree with PornDude that it's most likely their bank making them do this.

I also agree with you that it's overkill, but Paxum has been here awhile and seems to survive where others keep failing.

Still, it's not critical to use them. I wouldn't due to how hard it is to open an account AND the fact that they list adult industry people right on their main page (Success Stories). If you have a nosy bank that may want to look into Paxum charges and opens their site and sees that, they could deduce they're an adult MSB and you are an adult company and poof, your account is shut down.

All true and I do understand companies having to do what they have to do to remain compliant. But you make an excellent point about their Success Stories. Odd thing is, in their drop down menu of types of businesses they don't list Adult, just 'Entertainment'. LOL

i would not bother doing biz with a sponsor that does not do check payments.

fuck epass and all the 3rd party bs

can you just use a friends paxam and get payments to that?

This. I get wire, bitcoin or PayPal if a company can’t offer payment via those 3, I don’t bother with them

I must have gotten in before all of this shit. I think I uploaded maybe 2 documents. Perhaps those two had all of this on one page?

I recently got a new business bank account here in the states and they asked for all of this shit. Entire list.

They do not need to see that information from any US bank, but perhaps their bank is a European bank?

This part:

3. The list of shareholders along with the identity documents and address proofs of all the persons that have more than 10% of the shares;
4. The part of the Business/Corporation Registration that shows the directors of the company;
5. The ID documents and proof of address (Issued in the last three months) for the Directors. Upload this in Profile Settings >> Business Representatives>> Add Representative.
6. The part of the Business/Corporation Registration that shows the Legal Representatives;
7. The ID documents and proof of address (Issued in the last three months) for Legal Representatives; Upload this in Profile Settings >> Business Representatives>> Add Representative.

is particularly egregious but there are instances where repeat offenders have set up "stooges" to run companies and get them bank accounts.

The part I don't get with all this post FINRA bullshit is volume - little guys don't do volume, but only they ever get prosecuted or noticed. Doing a few thousand a month is not what the criminals do - if you notice $800,000 /month, then get involved.

I had similar thing with one bank but without 9-14 points , but some banks probably would ask those as well. Which make it impossible mission to open a business account if you are small volume, so better to open personal account which does not have any requirements .

Things have obviously changed. I opened my Chase business account over ten years ago and had to show maybe half that list. I forget the details now.


I get how scammers will try to screw a system. But if they are so worried about international money laundering then they should take the approach you said. If it's a lot of activity or large amounts THEN get involved.

Unfortunately this Sponser will only payout via Paxum using a business account, not personal. So I am jumping through all these hoops for a single $591 payout? LOL No thanks, I don't need the cash that bad. Paxum asking what my monthly volume would be? How the fuck do I know? Total joke.

Sell your sponsor account to me?

Better check their TOS, remember, the money in bank/paxum is not yours, you have access to the funds but can spend only the ways that are approved by the bank/paxum. :Oh crap

I feel for you man, really frustrating :disgust

Actually it's a web partner not technically an affiliate sponser otherwise I would. :)

These measures are put in place by their banks and to safeguard against money laundering.

The worst experience ever with paxum

The worst experience ever, horrible service and support, over 2 year and my account still not verified while they took more than 200$ as dorment account fee, and keep asking for address verification over and over....

JUST DON'T USE IT IT'S A BIG CRAP

None of these have requirements as strict as international money transfer services with debit cards.

Blame the criminals, terrorists, cartels, and money launderers, not Paxum or their banks.

Did you tell them your address? Or do you expect payment processors to trust everyone who signs up?