Shit... paid about 0.7% in conversion fee there, paxum takes 3.5%. :mad:

When a permanent Paxum card is submitted for your account you will see a new entry inside your Paxum account for a Paxum card. You will be able to monitor its progress within your account. Unfortunately I cannot give you a timeframe for when this will display inside your account specifically and I apologize for that.


All withdrawals will only be approved to your own real bank account. This means withdrawals to Non Banking Institutions or Payment Service Providers or any financial entity other than a legitimate licensed bank will not be approved. We do not allow withdraw operations to any name other than the name verified on your Paxum account.

Transferwise have all the necessary licenses and the only problem with them is that they are much cheaper than the traditional banks, or in your case-cheaper than your big conversion fees.

About your "card", I've been monitoring the new card issue for 10 months now. What is the term for the process of charging a service that you know you can't offer. I guess it's called stealing.

paxum is anonymous yet too careful where customer send money :1orglaugh . hmmm is it possible to provide EFT for 190 countries? paxum trying to cut many users from withdraw cash and offer bad alternative as traditional wire transfer .

:disgust:pimp

reuters.com/article/transferwise-britain/start-up-transferwise-breaks-into-britains-faster-payments-scheme-idUSL8N1RU4OL

Paxum. Winning.

https://www.trustpilot.com/review/paxum.com

Paypal. Winning.

https://www.trustpilot.com/review/www.paypal.com

As far as I know, Revolut is a real banking institution and yet you also refuse EFT on those accounts. I don't understand what's the problem....

:2 cents: . . .

WOW. Paxum discrediting Transferwise :1orglaugh

Are you saying they are not licensed Ruth?

How fucking obtuse are you?

Ok, my Paxum Prepaid Card (SEPA) is now in "Printing" status from 2019-01-13 15:27:54.

Revolut doesn't give you a virtual bank account, transferwise however does so they shouldnt be shafted, but i believe this is either
a) they are being shafted on fees so they removed these options
b) banks have a hard time with these operations because they're gaining more and more ground and pushing them out.

Transferwise is not a bank.

Revolut is not a bank either.

interesting, mine card status has not changed yet, it still has the "Submitted" status and this since end of October.

Yes, but there's a difference between the two tho. With transferwise you do indeed get a virtual bank account in your name, with revolut you don't.

The truth is that Paxum are under special control because they are OK with the porn business. They will never be able to offer a secure and stable service because for the conservative authorities in the US and the EU porn is the equivalent of something bad.

On the other hand, the selective announcement of fragments of the truth, disparaging attitude towards customers and wrongful collection of fees are things that are unacceptable for any business. For example, the lady's behavior from today. She came to tell us which institutions are not banks, neglecting to say why the transfers to an external card don't work or why we paid an annual maintenance fee, in my case also a fee for reissue for a service that does not exist.

I think we'll never receive these new cards ... I'm waiting for mine almost 1 year already. I've created 2 external cards specially to withdraw from paxum, both stoped working after few transactions. Transferwise was a great solution (received their card for a week). The only thing I regret is that I did not pull out all my balance while i had this chance....:mad:

Yes I posted about Transferwise and Revolut as they were both mentioned in this thread.

Transfers to external Mastercards are functional. Transfers to external Visa are not currently available. I'm sorry I thought that had already been made clear.

We charge $44.95 USD for the annual card fee. If you do not want the card we can refund the annual card fee at any time.

On the contrary, I do want the card, but it just doesn't exist. That's what I'm talking about. Instead of explaining what the fees are for, explain where the cards are.

https://i.gyazo.com/4d14dbe291bba588...70cb6a9aae.png


Would be great to update the website saying VISA are not an available option.


Can you clarify something: is it possible to withdraw to a Transferwise Mastercard?

Ruth is deliberately tricky in her answers, no straight question gets a straight answer.

This company is as dodgy as you can get, all the red flags exist:

• Operates out of Post Office Box
• No Real Headquarter Address on Website
• Obscure Support & Questionable Customer Service
• Regulatory Troubles with Banks, Cards & Operation in some countries eg: USA

Then add that to cards promised that don't exist, two sales reps in western countries with the rest of the operation hidden from view. Paxum smells.

If Paxum goes belly up, Ruth will be claiming plausible deniability in that she's only a rep and only tells people what she's been told to say. There's zero accountability with Paxum.

When is the EFT option coming for Indian Webmasters?

Unfortunately, you're right. Sometimes this is even more irritating than their daily problems.

I'll probably give you a more accurate answer than hers. No, you can't because Transferwise will probably refuse the transaction.

Update: "Shipped (Shipped 2019-01-16 17:25:37)"

Anybody know if Paxum EFT's work, sending them to Monese ?

Ruth ?

I tried to withdraw to external mastercard last week.
It said approved, then about 1 min later i got an email saying it failed.

ya. :1orglaugh

cards in the motion

lol

#pathetic

Made my second EFT in Canada last night and this morning i got a notification its been completed.
Should show up in my bank account sometimes today! :thumbsup

I like it and i don't need a card anymore, EFT to my bank account do the job for me :pimp.

:thumbsup

Paul Markham loves Paxum

Finally happy to say I have $0 stored on my paxum.

I transfered everything to Revolut Mastercard. It works.$6 + 2,95%

Yea, expect that to be disabled soon (possibly), but i don't see much financial benefit in that from their own mastercard (if you have it).

How long does it typically take from the time you get an email confirming an EFT payment has been 'initiated' to the time you get a one that says 'completed' ?

I'm sure it varies, but it should not usually take more than 24 hours , right ?

Thanks

My experience is that usually it takes 12-24 hours. A very few times it takes up to 2 days.

By the way, does anybody understand the limits?
My account (and the front page) states that EFT transaction limit is $3500 and daily limit is $10000.

But when trying two transactions of $3200 only the first works, and support tells me: I don't understand how I can misread the text on their site stating it is $10.000.

I am waiting my temporary card since may 2018.
I see on this forum there a lot Paxum bots who lick to Ruth for some bonus.
In past Paxum was good, but now it is not. You can see sometimes that woman in red who talk the same story..

mine took around 2-3 business days.

it's just bullshit :pimp . do you believe anything paxum say ?

@klinton @xxx6live

Thanks for the replies.

It took about 36 hours to get the 'completed' email.

And almost 36 hours later the funds are NOT in my acc.
I guess ill give it until end of business tomorrow.

EFT's should'nt take this long to a standard bank.
Should take max 24 hours.

I'm assuming you did an EFT from Paxum USD to a Canadian Dollar account? If so, what's the conversion rate?

I know the feee itself is, umm, I think $8.95 USD to do the EFT, but curious what Paxum takes on the conversion rate to Cndn.

Anyone has any idea on this?

Paxum Exchange Rate: 1 USD = 1.2767 CAD (1 CAD = 0.7833 USD) ( jan 31, 2019 )

Four months later: None of the five currencies mentioned in the OP (AUD, CAD, HUF, PHP, PLN) are listed as available for EFT withdraw.

What happened?

In fact I notice USD is missing from the EFT list, too.

What's going on?

They should really re-enable transferwise till they fix this. But doubt that will happen.

Why isn't Ruth responding to any of these threads?

How long has it been since Ruth posted here?

She replied to my email i guess they are just busy

well the shit just hit the fan! :1orglaugh:1orglaugh:1orglaugh
https://i.imgur.com/LcAv5sx.gif

No response to my ticket asking what happened (is Paxum support 24/7 or business hours only? I couldn't find this information) and no response on GFY that I can see.

Update.... Paxum have since responded:

We don't have an estimate but we're working on having it re-instated.

We assure you that as soon as we have an update you will be notified.

So no more withdraws with Paxum card?

I have this same question, do they need to enable?, we cannot just send a wire to our transferwise account?

Still missing my wire from the 2nd