A replacement for dying Paxum and other similar services
 

My Paxum account is blocked without any reason. I was ordinary affiliate but as you can see it's not enough to protect an account from ban. It means that your funds are not safe in this system. They can block an account any day and you will loose an access to your assets.

The ONLY reason why I used this dying and outdated system is because it was the only option to receive small sums from different affiliate programs wich low commissions. Even if you earned 20 dollars a month you could receive them and accumulate on such system and then just use a credit card to withdraw your honestly eaned money. It's funny but I remember a time when I was a bigger affiliate and asked affiliate programs to add Paxum as a payment option.

But today when cryptocurrencies and especially stablecoins exist it's crazy to use such outdated systems like Paxum. It's not safe, they can block your assets any day without any reason. And there are many other risks with such systems. For example all their credit cards can be blocked one day and it's possible that this time they will not find any replacement. People will start withdrawing money like crazy using all available methods and it will lead to the end of this system. I already remember at least 5 such payment systems which are dead and I think each one of them will have the same story at the end. But why to do use it when stablecoins exist?

The advantages of stablecoins:
1) They solve the same problems, but in some cases they solve them even better. If you use trc-20 USDT (not erc-20) then a commission can be zero. So you can even get $1 and it can be free for affiliate program to send it depending of how they do that.
2) If you use your own wallet then you don't have to care that somebody will block your account, nobody will do that. There are so many stablecoins today and even if one of them will start doing something like that (usdt can block assets on address in theory, but they don't do that) you can easily switch to other one. There are even decentralized stablecoins exist where there is no even physical possibility to block your funds or address.
3) While your funds are on crypto wallet you can stake them with some defi systems and earn interest for this. It can be even 20% APR or more. In other words you provide liquidity and earn money for this. Paxum and other such systems pay you nothing for holding your money.
4) Every day there is more and more acceptance of cryptocurrencies in the world. In some cases you don't even need to withdraw your money, you can pay for programming services, for design services and so on directly with cryptocurrencies.
5) If you want to withdraw your money there are many methods available, you are not limited with only unionpay credit card which can stop working any day and which is not accepted by many ATM, you choose where to send money to withdraw them and you send them only when you want to do that so there is much less risk.

Why it happened that after all this I still continued to work with Paxum? I used it because there are still lots of affiliate programs exist which pay only with Paxum. In some cases they are also outdated and dying and there is no even chance to ask them to implement a payment method. But there are some of them which are still doing well and it's only a question of a time when they add usdt and other stablecoins as a payment option.

So what I suggest to do - if you work with Paxum - think twice - your assets are under crazy risk. You can loose everything any day. Probably your account is already blocked while you're reading this. And you don't have to do anything - receiving money from affiliate programs can already cause this. If you agree with me that usdt and other stablecoins is better and safer payment option - you can ask your affiliate programs to implement it. You will help an entire industry to feel better. Getting rid of such old monsters is good for everybody.

bitsafe........

bitcoin :winkwink::winkwink:

the problem is not paxum, the problem is affiliate programs paying out with cheques or paxum only in 2021 :Oh crap

Well, that is one of the curses of crypto - it suppose to be alternative to mainstream payment system, yet it become a speculative currency. Also, if i am not wrong, all fixed value crypto are centralized which is issue as well.

im juggling arround with tether since years, there is no problem at all with it, its like cash, it keeps its value it can be swapped for a very low fee on tron network in lightspeed, its perfect

That's one of the reasons I have started accepting crypto payments from webmasters for writing services. Paxum is working fine now, but as we all know, there have been quite a lot of situations when you just couldn't feel good when it comes to the funds on the account. It could all vanish suddenly, as you mentioned. Probably not going to happen, but just in case it is always useful to have other payment channels. One thing I don't agree is that they can block your account for no reason - I am sure there has to be a good reason for that. At least I haven't heard it's happened to anyone in the industry recently. Maybe I am wrong, of course. Good luck!

Crypto is the way to go , I guess someone has to build a Nats plugin to do it,

They did the same with me, over 10000 USD in the account.

Luckily GFY existed and public complaining helped me get the funds.

fuck paxum

I'm happy when I see Paxum as a payment option, PayPal or bank transfer is much worse
I was blocked from several similar services, every one of them gave the explanation
So this is hard to believe "My Paxum account is blocked without any reason"
Paxum once blocked me for a few weeks because of a random KYC check, but when I got all documents they wanted I continued to work as before

USDT can be like alternative

Keep believing that.
I'm pretty sure that most people who have lost 100's of thousands of dollars with the whole epassporte, firstchoice/payoneer, epayments ordeals, and whatever other similar shitservices exists, are well aware that your money is not save at those services in the same way it is in your own bank/wallet.

They should only be used if there isn't an alternative and to get your money to a safe place as quickly as possible.

Not listening to the stories of those who have lost money this way is simply naive

Edit: forgot to say fuck Paxum

How about Payoneer?
I'm not a fan of them. but have used them in the past without major issues.

COINPAYMENTS

the biggest cryptocurrency payment gateway: for affiliate programs and publishers. ALL that you can imagine you'll find here for all purposes. Supports all exisiting altcoins to accept, exchange, buy, sell & withdraw.



CAPITALIST

payment system without any restrictions and strange rules. Stable & quick support. NP at all for years




PAYEER

anonymity is the main trump card of the payment system. flexible and comfortable

i use all of them because i have to, and i never keep a big sum there
i don't use a card, i move money to a bank or the like
if the other side uses crypto i go for it, but it's rare

If an affiliate program only pays via Paxum then I would seriously question ever doing business with them.

I'd love to be able to get paid via stable coins. Being your own bank is the best part of crypto for me, no more worrying about getting fucked over by some shitty financial institution. Your keys = your coins.

Of course the flip side is that depending on where you live and the banking opportunities you have access to, it can be difficult to get your money out of crypto and into the fiat economy so you can actually spend it. Pretty much all the banks in my country hate crypto.

You've been calling Bitcoin a speculative currency for how many years? It's designed to increase in value against inflating fiat currencies. Zoom out and learn the economics behind it :thumbsup

https://www.coinnewsspan.com/tether-...r-5-5-million/
https://www.coindesk.com/policy/2020...s-in-evernote/
https://cryptonews.com/news/tether-f...entr-11569.htm
https://decrypt.co/56779/tether-free...n-finance-hack

Getting paid in crypto and choosing a crypto that always equals one dollar, is backed by nothing and is owned and controlled by the people who print it out of nowhere is insane. You're far better off just getting a bank wire.

This.

The problem is, many programs are charging crazy fees for bank wires, coupled with stupid levels of minimum payout, I mean, I understand programs have to maintain profitability but at the same time, not issuing payouts until an affiliate has hit $250-$500 minimum is just batshit fucking crazy, especially given the current state of the industry.

A check costs them a few cents to print, about fiddy cents to mail and they're still charging affiliates anywhere from $25-$50 to get a check payment.

Most of these payout systems are 100% automated so all it takes is for someone to potentially 'click' a button to generate checks, transfers and other forms of payout.

I genuinely miss the days where everyone used CCBill, Epoch, iBill (Scumbags) and those types of centralized payment and processing companies, things were just easier and much more honest when it came to getting paid by programs.

It really is a shame a payment processor hasn't taken note that 3rd party services and programs like NATs are in demand and actually developed their own version, especially given just how much money they make. Instead, theyre focusing on 'hotel billing' systems (CCBill / EC Suite) and vacation billing services.

Anything what changes value so rapidly is speculative. Dont want to be speculative, then have it either fixed or low value change as regular currencies are doing it. Also what i noticed, it seems Bitcoin replaced gold as main speculative commodity which used to be way overpriced but now keep falling.

ADVCASH...

just a head's up, First Choice was a split-off of Payoneer. same people, just First Choice was the adult side of Payoneer

thankfully I got my money back, but it took months and months and was a huge hassle



stablecoins does sound like a nice alternative to 3rd party services, for those who understand and can access their crypto :)

Thread is interesting. However I hope Paxum will be okay for a long time more!

It definitely preceded and overcame gold last couple of months, so I agree with you totally.

https://www.cnbc.com/2021/11/09/bitc...ge-battle.html

https://economictimes.indiatimes.com...2.cms?from=mdr

https://www.thetimes.co.uk/article/b...gold-qrffx8wd7

I'm sure at this point, BTC will just rise even more above gold, no matter of the price variation.

What the best choice will be if I have affiliate program and want to pay to publisher via btc, eth, usdt now?

Check this out, it might be useful... I haven't read it all though.

https://nowpayments.io/mass-payments

the same question here, the owners of affiliate programs please share your services that you use and that are ok with accounting

if I understood correctly it's more for affiliates, to receive crypto, but what if I have regular currency, and I want to pay with crypto

Yeah, I guess you're right, I just Googled that gateway I posted above. It's a good question though, I would like if someone here has any solution for that. :helpme

We've paid out a few affiliates via Crypto. We also have plans to add crypto as a payment option for customers. I guess the gains and losses in the market is somewhat a problem for accounting. Right now we are only paying via Bitcoin. Seems small coins are too unstable. Ethereum and Litecoin will be next. Having too many coin options would make it too complicated anyways.

Can you elaborate to us how do you do it, what gateway are you using, if it's not a some kind of secret? :helpme