Answer me this....how long will Paxum be in business?
 

All you webmasters and companies that lost thousands, tens of thousands, hundreds of thousands of dollars with Epassporte.....do you HONESTLY think Paxum won't suffer the same fate? Once Visa figures out this is a clone, they will do the same thing. I don't know anything about Paxum, nor did I follow the Epass story to the letter, this just seems like a no-brainer to me. The only logical conclusion I came up with is that everyone is keeping a low or no balance with Paxum and drawing out money as fast as it comes in.

I guess we will be setting up Paxum for webmasters, since it seems the community expects it now.

It shows that you do not know anything about the situation.

we dont know exactly what happened with epassporte, so there is really no way to tell if Paxum is going to suffer the same fate. A rumor I heard was they did not have enough money to cover what was in the accounts or something along those lines.

Paxum will be viable for as long as they do good business IMO but I will admit that my personal account is kept with an extremely low balance :)

Does Paxum process for pharm and gambling?

I estimate it will take about six to seven years. Then they will take all the money and run.

you are a funny guy :)

paxum seems secure...only put in what you are paying out though

i think you can insure payouts as well if you want...check with your people :)

We follow all the rules and regulations laid down to us by Mastercard and our banks. We have a strong KYC (Know Your Customer) in place, we do not accept gambling of any form, and we maintain 100% of deposited funds, along with an additional 10% to guarantee fast fluid access to your cash.

George, I've spoken to you before about Paxum and I'd be happy to chat to you some more. I just left you a message on ICQ, I can address any questions you may currently have. :thumbsup

You said that you don't know anything about Paxum or ePassporte in the same sentence. Pretty strong opinion for self-admittedly knowing nothing.

If you want certainty kill yourself...

Listen, my company lost money, tons of my friends lost, it sucked for the industry. I know enough to formulate speculation. I am just asking a question and looking for some facts and opinions. The pharm and gambling was a good point, thanks. Maybe you haters read the 'tone' of my thread incorrectly. I only wish long lasting success for everyone, especially Paxum.

As everything written on the internet it is hard to tell ones "tone" when reading a post

but as im sure you are aware paxum has tons of outlets for support so if you have any questions the easiest way is always just to contact one of us and you will get answered very fast

You don't need to know much, facts speak for themselves... there is no question that epass went under... we can debate how or why, but the fact remains that people lost millions, and I doubt it was because Mallick one day decided to fuck people over.... :2 cents:

Let's get real here for a minute: At the end of the day it's a way for people to not pay taxes on income generated, the IRS or another branch of the government will bust in and boom it will be gone, money seized, everyone screwed again. Who we kidding here? You don't think they watch this type of stuff? Especially with all the terrorist tracking going on?

This reminds me of my Youtube accounts. We submit non-nude videos of our show everyday. Sometimes the account lasts 2 months, sometimes 2 days. We get a deactivated notice from them with a list of things that 'could' be the reason we got shut down. There's no rhyme or reason for it, especially when there's 10x worse videos on there. No replies from emails, all work lost, waste of time...start over.

I feel this business model is too volatile to trust with too much money.

Trust no one with your money. Not even the banks.

I have 4 different banks I use.

When Geo speaks I listen right or wrong I would like to see what people say.

They have been doing this for two or three months already and have had no problems... well, except those five or ten pointed out on here... and they've only lowered the amount you can withdrawal once in the two to three months they've been doing this. I expect longevity. Relax and live! :thumbsup

With Epass anyone with a biz account could issue a card to any name, delivered to any address, which makes it a money laundering machine.

Paxum requires ID before issuing any card from what I hear.

That's just one of the differences that I know of that will help them stay kosher and stay in biz.

Most of us have been doing this long enough to know that any company dealing with funds can just vanish, protect yourself and you shouldn't be hurt too bad is something happens eventually.

oh, well shit! why wasn't this brought up sooner? I'm sold.

hello gorilla, people should only keep as much money as they can afford to lose in their Paxum accounts...

No and no

As for the main question which has been answered multiple times since September.. paxum has been in the works for the last 3 years, but went live back in late September.

correct............

Thanks Kenny and Dwreck. Seems like they are learning from the mistakes of the past. But I have learned that no matter what you you, dot every 'i' cross every 't', when the hammer comes down there's nothing you can do.

Raise your hands and step away from the keyboard!

You wrote:

"I don't know anything about Paxum, nor did I follow the Epass story to the letter, this just seems like a no-brainer to me."

You obviously don't know anything at all, so please get off the internet before you break it!

oops

too late

nothing like completley UNINFORMED, UNFOUNDED AND BASELESS opinions!

http://i526.photobucket.com/albums/c...w/Picture1.png

Kinda like Fox news?

Does paxum report earnings to the IRS?

Sally want to do an adult internet trivia game 1996 to now? We'll play for pink slips or titles to houses. You are a pair of clown shoes. You act like one of these right-wing brainwashed Republicans that defended George Bush. Can't handle ANY questions....ANY criticism. If you represent Paxum you are embarrassing them right now.

No


........

Paxum works great for now

no, much more like an idiot canadian kid explaining US politics to Americans.

Paxum and Payoneer are not clones of Epassporte at all. There is much more diligence required to have an account now. Epassporte was playing games from day one, they started to tighten up near the end but the damage was done.

Another major difference is that these new products are using MasterCard, not Visa. You never know these days what's going to happen long term with any company. I do think these companies are going to be doing business. Be smart, don't leave large balances in your account and there is nothing to worry about.

Well said, but sounds more like wishful thinking AJ.

What will happen in 3 months when Mastercard pulls out? Are people going to lose all Mastercard balances? What's the end game here? I think Mastercard is the kiss of death on any adult internet level, unless you run a 100% self-sufficient website (no affiliates), or ONLY work with a ccbill or paycom 3rd party biller.

Don't worry, Paxum will be in business until pigs fly.








Note: Monsanto is currently doing gene splicing experimentation between pigs and condors.

Its a Canadian Company, or operates out of Montreal :2 cents:

You can play the what-if game all day long... with any industry and anyone's business.

We are here to prove our selfs and we will. If for some unknown reason MC does not allow us to keep doing what we are doing ( we follow EVERY rule to the T so no reason to even think about this ) we keep 100% of all account balances in our bank aswell as an extra 10%

So if or when Mastercard pulls out, people will NOT be penalized or deducted money? (like Verotel and 900 numbers....some of you KNOW what I am saying).

Good to know.

Don't like paxum? Set payment method to check

yet issues mastercard backed atm cards to americans who can then withdraw the money without a paper trail.

or do I have that wrong?

I think will be on fire many years ;)

My thoughts, exactly.

That is a good thing?

I'll stick with checks for now!