Inna is from Romania, I love her

I imagine with the amount of money they manage they'd need to keep money in various countries in order to effectively do business in certain parts of the world. It probably makes little sense for a company to keep all their banking in a single country.

As a very simple example, how would a Canadian company open an account in GBP or even Euros at a bank in Canada? They offer US and Canadian denominated accounts only. So to accept these currencies they'd have to convert every time, lose 3%, then convert back and lose another 3%? They couldn't do that and stay in business.

So I'd say it's likely impossible for them to do all of their banking here.

Great video

Sueshe ,
How many more years will you say we are going under? I would think 3 years you would think we are sorta serious about being here for the long run.



As for the original poster - he is in touch with ruth.

I am in talks with a few banks on krypton in adding their local currency.

It's all about the questions you ask, some critical thinking can help you draw your own conclusions.

Here's some examples of questions people could ask Paxum.

1. Is Paxum a searchable federal corporation under Canadian Corporation law ?

2. Where are privacy sensitive documents stored, handled or otherwise dealt with ?

3. Are identification documents available to persons outside of the jurisdiction of Canada.

4. Does Paxum comply with all recommendations of the Privacy Commisioner ? http://www.priv.gc.ca/index_e.asp

5. Who is the beneficial owner of Paxum and does the beneficial owner of Paxum reside outside of the jurisdiction of Canada ?

People need to realise that Ruth and Chris have the job of promoting Paxum and holding Paxum in the best possible light. They are not in the business of being open and transparent to you, they are in the business of furthering the interests of Paxum. Which is fine, but some people in this thread don't seem to understand that.

I am not saying Paxum is a bad product, in fact I use it myself, however it is a little disingenuous for Paxum to present itself as wholly under the jurisdiction of Canada when there are clear signs that account holders documentation and funds are dealt with outside of the protections and jurisdiction of Canadian authorities.

Maybe Paxum can post some their utility bill to ensure they are really located in Canada not just the customer. The customers itself needs to know where is the company located and a picture of their office maybe?

One week trying to get things back to normal, one week without access to my frozen funds. How much longer would it take for all of this to go away? and besides getting copy/paste answers from support and tons of excuses I'm just hitting a dead end here. I asked if this is the only option to get the account unfrozen then to please close my account and mail me a check to my home address and also no response. Who can we contact besides the useless offshore support?

According to Chris you are in touch with Ruth.

i kunt a4d a paxum acunt...

You know you are right. 3 years is enough to know that a company will never up and run away like Ibill, Epassporte and Enron.

:1orglaugh

hope it gets resolved quickly

And ePass didn't have a solid operation for 3 years?

Hey...at least you're getting a paycheck, for now.

The account was limited due to an apparent infringement of the TOS. Ruth is discussing it with him, as there is some contradictory information in our possession, so we are looking forward to shedding light on this particular situation. It is normal for us to limit the account until we do so.

Either way, we are not one to steal money, and so far everyone has been granted the right to withdraw their funds, even when the account was terminated by us.

So far?

Why not "you will always be able to withdraw your funds"?

Seriously?

Oh come on now, if we'd said what you suggest we should have said, then you would have asked us how we can guarantee that, right?

So we only stated what is definitive to date to avoid that kinda crap.

You don't have to quibble everything we say just for quibbling's sake... :2 cents:

The modifier in that statement is very telling.

Obviously if you fail or if some government agency shuts you down you can't pay out.

Other than outright illegal loading of stolen funds, government seizure or you not having funds anymore, what other possible legitimate reason could you (if you were still in operation) not pay out what someone has in their account?

As for the suggestion of some sort of third party identification suggestion I made to you folks, imagine how much less grief people using your system would have.

No way would I allow anyone other than the government have photos of me holding my Id's and I wouldn't even like it then.

Good knows if you had a data breach what would be out there. It would be a hackers goldmine and anyone with half a brain knows it.

By the way....do you get those Id's in a secure environment at both ends of said upload?

the best handjob with baby oil I have ever had was from a Romanian

so if Paxum is indeed under Canadian law and everything, then why would you use a bank in Romania, what is the logic behind that? Why not using a Canadian bank and keep everything under 1 jurisdiction?

100.........

http://www.registreentreprises.gouv....n/default.aspx
Click: Find an enterprise
Search Paxum

Why not using a Canadian bank? Because they are not open minded for such business! I know lot of people into the check cashing business and to open up their bank account now you need to find some small credit union in Ontario or Alberta that just open up etc... you jsut cant walk in one of the major 8 banks and say you want do such business so imagine if you want open up a setup to issue mastercard to people in all the world, mostly working into porn (you gotta say it otherwise they would find it anyway), people will be able to transfert money between them etc etc etc.... FORGET IT just FORGET IT!

So what do you prefer? Deal with a canadian company that deal into Belize OR they could hide behind a Belize inc also and THAT WOULD LOOK SHADDY.

:2 cents:

P.S. For all thoses canadians that gonna tell me that Moneymart (instacheque in Qc) deal with RBC and not a small credit union: Of course because one of the owner is a ex-VP of RBC...

what x-rate is saying is entirely right. It's very difficult to get a stable business relationship with a Canadian bank when you deal with the adult industry. Names are easily recognizable (bankers watch porn too) and they ask question after question until we were spending more time in meetings with the bankers than running our business.

It doesn't take long before you get the feeling you're unwanted, and we didn't want to be in that position. As a result, we have dispersed our bank accounts across the globe, and we deal with several countries. We have strong business relationships in Romania, and it was our choice to direct funds there, as it is also part of the EU, and we feel secure and protected by the EU banking legislation. We provide the same guarantee to our clients and as we stated before, once the money is in paxum we guarantee the funds and it is our responsibility to cover it in case of any holds or issues with any of our banking partners. We also bank in Belize as you all know, as well as Cyprus, Germany, and other countries, and the funds are distributed among several accounts based on different needs of our clients worldwide.

We are a business and we are trying to make the best out of every situation.In the end, it's our job to forge these relationships, and make sure everyone gets their money. If anyone is willing to help out in helping us do better, we're always listening. Obviously 'get an account in Canada' is not really helping anyone, unless you are the president of a Canadian bank and can guarantee a smooth operation the same way we have with our other bank accounts in order to keep offering a great product at a great price.

In the United States we have something called name change, and its legally done by the court. its perfectly normal for someone to change their name when ever they want.

I signed up with acc1 a few years ago and then had a name change.. I tried multiples time to update the account by calling the useless offshore support and I got nowhere so I opened up a new account also a few years ago and uploaded the new drivers license.. exact same address, different picture but the same person.. different issue date and expiration date, so its not like I opened up Photoshop and changed the name.

I had one bank account in paxum acc1 so sometimes I would transfer from acc2 into acc1 and withdraw or just go to the ATM and use the VISA card.. I also have an account with paypal and the name change was done within 48 hours, they knew exactly what papers to ask for, the court order. Not a picture of you holding your drivers license!

Paxum is the worst company I have ever death with, I never go a phone call from anyone even though I left a ticket asking for an admin or a manager to call me..

If you're a sponsor sure thing you stand being paxum and call anyone that complains about paxum stupid, but if you're an affiliate promoting sponsors and only using paxum to receive money then you will understand.

My mother changed her name to be less "ethnic" years after she came to the USA. I don't meet people every day that do, but I do know a few others as well.

We gave you the option of keeping one account open if you can provide proof we are asking for.

We have always had the policy in place that a user is to have ONE account.

If you would of at the time of your name change got in touch with we could of changed the information on your account and got the proper documents from you but instead you insisted on just opening up another account in a different name and using BOTH accounts activity.

Every time a couple gets married in the US the women gets a name change usually automatically by the court so that she starts using the husband's surname..

I am not going to take a picture so please stop with the copy/paste messages.

I already asked for my frozen funds to be mailed to me and a refund of the VISA card that was activated a week ago and that I never got to use..

As you have already been told you will be getting a check mailed to you and a prorated amount for the card so not sure why you are asking again?

Does sound slightly weird, LRS, continuing to use both accounts, rather than just abandoning the 'old' one. I'm sure you're legit, but I can see why people who don't know you might find it unusual.