Valid Questions For Paxum
 

Will you have a sufficient prudent reserve for clients to with draw money all at once in the case of a bailout?

If you're confident with your program, are you willing to insure your clients funds?

What is your contingency plan you have in place in case issues arise with Master Card and or your banks?


Has there been a security penetration test done on your website? What were the results? Where are the results?

Has there been background checks done on your employees?

and many many more people are failing to ask...

I think some of these have been covered by RuthB in previous posts. But maybe if I help you bump this, the guys over Paxum can ease your uncertainty. ;-)

They should address these in a thread of their own.

Thay have all been asked before, and partly answered. Problem is all the valuable info drown in troll nonsense.

Good luck with that. That is information that should never be made public. If a partner needs reasurance they should provide 3rd party audit reports specifically written for this purpose.
They where made aware of issues early on. They corrected the issues. I expect them to continuously work on this.

Hi guys Octav here.
To answer your questions:
1- we do not invest in any way peoples money it sits cash in our bank account 100%. additionally we keep 10% of our own money extra for a total of 110% as a reserve for balancing funds from the different bank accounts we deal with (canada, belize).

Also we are regularly audited by both the bank and Mastercard regarding the programs and in case there was any single problem with the money available be sure we would have been closed down already. We always hold at any time 100% of the funds that people deposited plus extra 10% of our own funds as explained before.

2- we do not insure the money with a third party insurance company for the reason that the premium for such service is very high and that fee would have been to be passed to paxum account holders. Nobody will use Paxum if we were to ask as an example $500 per account insurance premium.

What I may suggest if insurance is an issue for you or for anybody else, you could contact your own insurance company and ask them to insure only the portion of the money you hold in paxum and pay your own premium that they will ask. We will fully comply with any Insurance company that represents you in order to allow them to issue that insurance for your funds.

3- we have several banking partners and in case of any issue we will of course not let our business collapse and switch accounts. That should never happen as we are following all rules and regulations to the letter.

4- yes it has been. paxum system has full PCI compliance meaning there are no known security issues.

5- yes we do very strict background checks for employees handling sensitive data (account access, account paperworks, etc) and as a matter of fact only very few people have security level access to that data.

thread closed.

Thank you for addressing my questions.

good to know!

In all honesty, they could reply back:

1. Yes
2. Use Visa
3. Yes, everything is secure. The results were good, do to security reasons we can not make the results public.
4. Yes, everyone has been background checked and passed.

Would that really make you feel any better though ?

It all sounds sooo good, but then people have to sit back and say... but what happened with epass. Surely they would have had the same precautions in place since they were in business for what 5,6,7 years and their founder had 15 years experience in the credit card processing industry. Surely he would have done even more than this start company is doing, so why did they still go down.... Why do t hey all go down? perhaps its not as easy as people think to not fuck up, or have problems pop up that you can't fix.

Unless Mallick straight up committed fraud and was stealing money from people, if that is not the case then if it happened to epass it can happen to anyone especially a new start up with no experience.

That just happened, whoa.

I asked some of the questions that came to mind just right off the bat. The questions were answered. I didn't ask those questions for a basis of an argument...with that being said, you can draw your own conclusions or ask more questions...

Does Paxum see itself getting involved in other verticals to insure portfolio diversification in-case you cease your adult processing and affiliation?

does paxum support a womans right to choose?

im just saying that when you ask questions that can't be proven, why even bother asking... You wont know if they are truth full for a lot of those questions until after the fact in most cases.

It's good questions but its not like they going to have a 3rd party come in verify what you asking, you g oing to have to take their word for it. Which gets you right back where you started.

My questions where, who owns it, what is your physical address, and what experience does any of the people running it have with credit card processing / wallet type companies.

The physical address question went from a pobox to their penis pill shop to what looks like a rental by the hour office space.

The who owns it went from "private group of investors" with Octav "running" it as the president, to now Octav owns it.

And who has experience with this type of stuff has never been answered, which by not answering it, they answered it.

Sure don't like the physical address answer they gave you...
:disgust

I am glad to see a constructive question from you in a very long time and I will take the time to answer it.

For epass, I cannot comment on what went wrong with them or any other company as I was not there and I do not have any more information than you do. For that matter as it will be pure speculation since I do not know the facts. What I know is that paxum follows all the regulations to the letter and we abide by the rules both set up by the bank and mastercard (most important GAMBLING FORBIDDEN and STRICT KYC RULES). We respect our part of the contracts and conditions for the licenses we have in place meaning that there is no valid reason why we will run into problems with our partners.

The rest of your post and questions I will ignore it as you are just trying to bash on paxum for no reason for the sake of dragging in an argument hopefully you understand why. Hint in case you don't: you are claiming in every single post that Paxum is not reliable with childish reasons and explanations you came up with. Those reasons of yours could be applied to any program posted on this board (sponsors not paying affiliates the money owed and closing down) and as a statistic there are thousand times more programs/individuals out there that screwed affiliates out of their money than ewallets. If you truly believe in your arguments and explanations you should first bash on the thousands of programs on this board paying affiliates and only then come and bash Paxum. The same reasoning you can apply yourself on your own business and bash yourself also as far as I know I have no idea who you are, what your business is, etc and before you make all that public you can very well bash on yourself for hiding it while you are there. By not bashing on all other programs on this board with the same arguments I can only deduct that you are paid by somebody to create problems or you are related in some shape of form to people that don't like the fact that Paxum offers good services and descent fees to the adult community.

So as I said when you will have a legitimate question/concern like your first question I will be more than happy to answer it there is nothing personal against you. But on questions and arguments for the sake of bashing paxum I will respectfully just ignore you. Nobody is asking you to use our services if for any reason you are not happy, and from your posts obviously that is the case, don't make an account with Paxum and don't use Paxum is very simple. You posted your concerns and arguments several times on every thread about paxum everybody knows about it, I think you are wasting both your time and our time repeating the same things over and over again you might be better off investing that time of yours in running your own programs and businesses and let us worry about running ours. As I said don't use our services if you do not like Paxum is as simple as that.

Octav, contact [email protected] and let him know William is harrasing your service in every thread.

There is a rule against excessive harassment.

Yes.
Paxum does not deal exclusively in adult but also offer the same services to mainstream businesses. We offer a global e-wallet solution to any company and individual anywhere in the world (besides the few countries under UN or Canadian interdiction to deal with). We do not refuse an account based on the country of residency or on the industry of the affiliate programs paying through Paxum besides of course illegal industries like Gambling, Narcotics, Prescription Drugs, Fire Arms, and any other illegal activity.

will says he just uses checks anyway. why the fuck does he care? get a fucking life dude.

It's impossible to completely trust any service. Look at the bros that were sticking up for Mallick, having known him for several years and whatnot.. In the end he was a self-righteous scammer that didn't say a single word here when everything went down.

I will admit it's becoming more apparent that having an account at Paxum and a couple other places will be necessary to keep doing business in adult...not everyone is willing to pay for and/or wait for checks/wires. Just don't be stupid and keep a huge balance at any of these places.

:1orglaugh

agreed

more questions than nuremberg

Are you trying to make accusations about me? All of my questions have been very legitimate about your company.

Please get over the "bashing" comments, you think asking real questions = bashing. If I am bashing please post which questions you think I made that were not reasonable and were bashing.

Don't forgot, you are a startup. You popped up out of no where, you are the one who wouldn't answer straight questions from the beginning. Also don't forget that people just got screwed out of a lot of money from epassporte, so people are going to ask questions.

Please point out the "bashing" would love to see what you think i was posting that was "bashing" you. On the other hand I am not blowing you in every thread like some of the fake nicks here, I am sure you don't mind them harassing me though.

You pushing your luck, you going to need to buy another nick soon, there is a rule about fake nicks. I would bet you have been banned several times before and I am sure eric can find out who you are.

You are insane. Here is one of those "bashing" questions you are making reference to that you will conveniently not answer:


I simply stated that I have asked multiple times what experience did the people who owned and were running paxum had with credit card transactions and wallet type companies. You and your posse on here ignored that question every time. To ask what experience you have is to bash you??? WTF?

Yeah looks like it's time to do just that ! :2 cents:

Will, obviously , you will never use them. So why are you wasting your time on here trolling them in every thread ? If people are satisfied with the answers they provided they will use them. It's buyer beware, you cant save the world and YES I signed up for Paxum. :2 cents:

You can be honest - we forced you to sign up with us :pimp

I've just gotten used to twit76 and just ignore it :thumbsup

YES , I wuz forced to sign up:helpme

i'm not "trolling" them in every thread. I have started 0 threads about them and I am not posting in all of their threads, I haven't even posted in half of the paxum threads here. I didn't make this thread.

So asking questions like "what experience do you have with credit card processing and wallet systems" = trolling ? Seems like a valid question to me, whether it is important for you to find out or not I could really give a shit.

I didn't know you needed to do business with someone to be able to ask them questions.

Not trying to save the world, i could give a shit about the rest of the world. I was posting on GFY, I asked real questions because I decided it was something I wanted to know. Why do you care what i care?

go job rep, keep acting professional. I guess it is company policy to ignore the questions you don't want to answer.

I think the simple answer should be: Don't leave any money in your Paxum account unless you plan to spend it.

A worst case scenario may be difficult for sponsors who pay affiliates through Paxum to avoid, but there's no good reason for aff's to leave $xx,xxx in their Paxum accounts.

I'm going to sign up to Paxum because it seems to be catching on, and maybe in a few years it'll hit Epass' level of convenience. As with Epass, I plan on only having enough funds in my Paxum account to cover any shit I feel like buying.

I miss the convenience of buying content, scripts, themes, and traffic with Epass. Hopefully Paxum can fill that void.

Yes they would never hire anyone from a know criminal organization or company that would screw their customers and run away with millions.

...oh wait they did http://www.gofuckyourself.com/showth...=995905&page=1

Another huge fail waiting to happen.:1orglaugh

as if Michael had anything to do with that ?:321GFY

Wow reading this thread partially through the Paxum reps all seem uneducated, very evasive and poor at customer relations.

Looks like MO will have job security here until 'POOF' and they're gone.

what is the fee for a point of sale purchase?

You just made a COMPLETE ASS out of yourself with this statement ...

Michael Olsen was a pawn/scapegoat in the epassporte fiasco ...

What he is, is a customer service rep that gives 110% of himself to his job and his employer ...

The industry could use a few more Michael Olsens IMHO ...

How so?

Did I make any false or wrong statements?

Did MO who is one of their "screened employees" not work for either a "known criminal organization or company that would screw their customers and run away with millions"?

You know the answer to this.

What about these points http://www.gfy.com/17638654-post41.html ?

You need some chap stick for all that yummy ass kissing.:1orglaugh

Michael O is a remote employee that handles support request. He does not have access to anyones information or account details.

You are making things up now. The employee's that have access to users personal information have had an extensive background check. There are isnt even a handful of employee's that have access to that information.

fuck you are a retard, face reality, you are never going to save the internet. give it up. now you are just a misinforming rumor spreading troll.

People have the right to be super caution about where they keep their money online. We dont expect to earn anyones trust over night. The only thing we can do is do good business. The owner of Paxum has been in this industry for a very long time and has a solid track record. You wont every find a post or an angry person saying we have not paid them.

We have a system set up in place that we feel to be the best in regards for webmasters to get paid and remove their money as fast as possible to limit the risk they are taking.

As for all the trolls and people spreading false rumors - when you are on top you are a VERY easy target.

With that said ... I'm going to take my kid to see a movie now and enjoy this amazing weekend.

We have some great weather in texas this weekend :)


Chris....

Every time someone mentions Paxum I think you guys are talking about prescription drugs.

What did I make up?

Are you saying now that not all of your employees such as MO are screened thoroughly since in the past he received and dealt with many personal documents as well as account information?

Folks remember all of those sensitive documents you have sent in the past to Epassporte and through MO.

Where are those documents now? Were they copied? How much is that information worth to criminals intent on identity theft?

How secure is MO computers, phone lines, networks and his physical location in Thailand?

That says it all right there.:1orglaugh

No one should be sending any paxum employee personal documents directly. All of our documents are send through our servers to an employee who has been properly screened. So the security of Michael's computer or his internet connection is not relevant. He has no access to ANY personal information.

You said Michael was one of our "screened employee's" ... We never said he was - that is something you came up with on your own.

If he was working in our office and had direct contact with customer's data then yes he would have a background check done.

The fact that he is remote employee who answers questions for people in regards to their accounts - that does not require an extensive background check as he does not have access to any customer information.

If someone sends Michael all their personal information - that is on them. The most a paxum employee will ever ask for is the problem you are having and your paxum email address.

If you think him knowing your email address you signed up with paxum is too much information then we gladly welcome you to login to your paxum account - click the add new email and then go to gmail.com and create an email solely for paxum purposes and add that.

Epassporte problems giving you the blue's? Try Paxum! :pimp

Why would we want your money sitting idle with us? We are not a bank. We do not claim to be a bank.

The risk i am speaking of is peoples paranoia - but you will twist it any way you want.

We will prove you wrong :) I promise you that.

So the exact meaning of "risk" you defined is "peoples paranoia"?

No that's your risk which will keep people away from your business.

The "peoples" risk is that they will lose their money (which is NOT insured) or their identity.

These are very real and rational not paranoid fears with all the banks folding along with Epassporte, not to mention how identity theft which is on the rise, has affected almost 10 million victims in 2008 which is a 22% increase from 2007. In 2000 there were only 31,140 cases.

$1 USD per transaction :thumbsup

I always enjoy Will76's posts, he has always been to the point and honest.

...and he brought up good points:2 cents: