Post on paxum bank

[datingmaster]

https://www.offshorecorptalk.com/thr...be-over.45070/

[King Mark]

Sheesh...

[LouiseLloyd]

Ouch, if true, this sounds bad.

Anybody in UK received Paxum funds via Paydek in last few days?

Edit: Seems like some truth - https://register.fca.org.uk/s/firm?i...000000MfDgcAAF

[King Mark]

If you think this is bad, wait until y'all hear about Project 2025 and how this and the Texas age verification laws, the sudden mega rage against trannies, etc are all tied into the bigger picture as baby steps in a certain direction.

Why any porners would support and fund the people that want to destroy their industry and turn them into sex offenders is beyond normal people's comprehension.

[jimstones22]

I can't read past the first comment without having to pay for subscription. But I think this is old news dating back from November, 2023. I remember reading the same story back then, not sure what website it was.

But yeah... shit is slow again...

Plenty are complaining online about slow EFT bank transfers again. Wish things could go back to the way they were.

I guess they're changing their banking partner again. Not surprised, getting mentioned in news articles along Russia and the Tate brothers isn't exactly good publicity.

[LouiseLloyd]

Originally Posted by jimstones22

I can't read past the first comment without having to pay for subscription. But I think this is old news dating back from November, 2023. I remember reading the same story back then, not sure what website it was.

But yeah... shit is slow again...

Plenty are complaining online about slow EFT bank transfers again. Wish things could go back to the way they were.

I guess they're changing their banking partner again. Not surprised, getting mentioned in news articles along Russia and the Tate brothers isn't exactly good publicity.

Originally Posted by LouiseLloyd

https://register.fca.org.uk/s/firm?i...000000MfDgcAAF

FCA imposed new restrictions on 15th May coming into effect from 17th May.

Also UK companies house for Dek-Co Ltd show Termination of appointment of Anton Postolnikov as a director as of 17th May.

So seems to be ongoing.

FCA have restricted them from taking on new customers or any new incoming funds/process payments.

[jimstones22]

Originally Posted by LouiseLloyd

FCA imposed new restrictions on 15th May coming into effect from 17th May.

Also UK companies house for Dek-Co Ltd show Termination of appointment of Anton Postolnikov as a director as of 17th May.

So seems to be ongoing.

FCA have restricted them from taking on new customers or any new incoming funds/process payments.

Ahh, I didn't see that before.

It's one of the companies they use to transfer funds for EFT withdrawals. So it makes sense if payments are delayed again.

I do notice the payment processors are changing constantly after certain periods of time. I guess it's just the nature of this business. Banks despise adult.

[datingmaster]

Notice who was being financed. He who shall not be named. The orange one

[CaptainHowdy]

Originally Posted by datingmaster

Notice who was being financed. He who shall not be named. The orange one

[rowan]

"Because the company is so important in Paxum's activity (of actually being able to send money), it is quite likely that Paxum will see issues in making or receiving transfers."

My Local Bank Transfer withdrawals to my usual bank account have been rejected twice in a row over the past 3 days.

The wire option has also disappeared

They're also asking for additional information each time:

BSB Number - they know this already?
Bank name - they know this already?
Source of funds - Business and Investment / Donation / Friends and family / Salary and pension
Sender Gender - Male / Female

Uh what, now they want to know my gender and what I'm doing with my money??? This is a new thing, and it's weird.

Once again... Paxum NOT working right now...

[datingmaster]

Originally Posted by rowan

"Because the company is so important in Paxum's activity (of actually being able to send money), it is quite likely that Paxum will see issues in making or receiving transfers."

My Local Bank Transfer withdrawals to my usual bank account have been rejected twice in a row over the past 3 days.

The wire option has also disappeared

They're also asking for additional information each time:

BSB Number - they know this already?
Bank name - they know this already?
Source of funds - Business and Investment / Donation / Friends and family / Salary and pension
Sender Gender - Male / Female

Uh what, now they want to know my gender and what I'm doing with my money??? This is a new thing, and it's weird.

Once again... Paxum NOT working right now...

When they are so many red flags that you can create bunting for a whole neighbourhood...
I stopped trying to get an account with Paxum when they asked even more questions than a REAL bank. At the time they used to be run out of a UPS store in the middle of Quebec (of all places..)

[rowan]

Originally Posted by datingmaster

When they are so many red flags that you can create bunting for a whole neighbourhood...
I stopped trying to get an account with Paxum when they asked even more questions than a REAL bank. At the time they used to be run out of a UPS store in the middle of Quebec (of all places..)

I wish I could ditch Paxum, but they're pretty much the only option with the main program I use. That program used to send me wires directly, which worked 99% of the time, and did not require any logging in or manually initiating transfers or bs answers about the source of funds and whether I have a dick or pussy. Literally the only thing I use Paxum for is to withdraw all funds as soon as I can, and even that doesn't work.

[LouiseLloyd]

Withdrawal via card transfer received.

[Tasty1]

transferred some yesterday, got it today.

[rowan]

Reply from Paxum, yes they've lost EFT processing (for AUD at least)

Nice of them to wait until the transfer failed twice, and the customer contacted them, before they let me know.



Thank you for contacting us!

We would like to inform you that we have changed our banking partners and are still working on the implementation and functionality of certain currencies for
EFT withdrawals, including EFT in AUD. Unfortunately, we are unsure when EFT in AUDwill become functional, so we cannot provide a specific timeframe at this
moment.

In the meantime, you can withdraw your funds through the following methods:

- External Card Withdrawal to a VISA card: This method has a fee of 6 USD + 4%. To use this feature, please click on the "Transfers" button on the top left
corner, then go to "Bank & Card Transfers" and select "External Card."

- Crypto in USDC / USDT (ERC20) for a flat fee of $15 + a dynamic GAS fee or USDT (TRC20) for a fee of $5. To use the Crypto withdrawal feature please click on
the "Transfers" button on the top left corner > Bank & Card Transfers > Crypto Transfer.

I realize that this news may not be what you were hoping to hear, but please rest assured that our payments team is working closely with our banking partner to
expedite the resolution of this delay.

Currently, I don't have the precise date for when bank transfers will resume. We hope that it will be next week.

We appreciate your understanding and patience during this transition. If you have any further questions or need assistance, please do not hesitate to reach
out.

[bgmen]

This Paxum thing is a witch hunt. Let's face it, neither Trump nor the Tate brothers are the real problem. The problem is the industry that Paxum mainly serves. The situation is very unpleasant, but they are not to blame for it. It's good that they are still looking for alternatives.

[Paul&John]

Still waiting for my EU EFT initiated last Friday.. usually it arrived the next day, lately it took 2-3 days.. now still in motion.

[jimstones22]

Where can I find the crypto withdrawal option in Paxum? I looked everywhere in the app as well as the desktop version, doesn't show anything regarding crypto for me.

So the EFT bank transfers for Aussies got pulled? Seems Canadians also had quite some issues.

As for EU EFT withdrawals, I have been waiting for a week now (5 business days) and no payment received.

Has anyone initiated an EFT withdrawal last 7 days and actually received it? Really hope this will not go past the weekend.

Shit sucks. Thought about using Masspay, but if you read the reviews with horror stories I don't feel too comfortable to.

[zerovic]

Originally Posted by jimstones22

Where can I find the crypto withdrawal option in Paxum? I looked everywhere in the app as well as the desktop version, doesn't show anything regarding crypto for me.

Desktop:
On the upper menu, click Transfers - Withdraw Funds
You should see the External Card and Crypto options.

Mobile:
On the bottom menu, Transfers - Withdraw Funds
(Here you have to swipe the External Card option left to get to the crypto.

Cheers,
z

[jimstones22]

Originally Posted by zerovic

Desktop:
On the upper menu, click Transfers - Withdraw Funds
You should see the External Card and Crypto options.

Mobile:
On the bottom menu, Transfers - Withdraw Funds
(Here you have to swipe the External Card option left to get to the crypto.

Cheers,
z

Thank you, Sir! But I already tried that. For me it shows "Transfer methods (2 available) with one being SEPA transfer and the other being VISA External Card. I can't swipe more left to find crypto there.

I guess it's not available for everybody. Will have to ask their support to clarify this.

[TurboB]

EU EFT arrived in a couple of days from Paxum Bank Limited.

Where is Ruth with info what's going on?

[rowan]

Originally Posted by TurboB

EU EFT arrived in a couple of days from Paxum Bank Limited.

Where is Ruth with info what's going on?

I have given her a couple of pokes, but last time I heard from her was December 2023. I am expecting a reply since the issue is not resolved, but there's just...silence.

Does she still work for them after the change of management?

[Denny]

Always used to do CZK EFT but since March only EUR EFT is available which in my case means double conversion and losing more $$$ on conversion fees. Ruth replied in March that they have some issue with the processor and they hope to have CZK EFT reinstated within 1-2 weeks but CZK EFT still not available and no update from Ruth.

[jamezon]

Originally Posted by jimstones22

Thank you, Sir! But I already tried that. For me it shows "Transfer methods (2 available) with one being SEPA transfer and the other being VISA External Card. I can't swipe more left to find crypto there.

had the same issue on my phone but when logging in on desktop i can see the crypto options

[jimstones22]

Originally Posted by jamezon

had the same issue on my phone but when logging in on desktop i can see the crypto options

For me both don't show. It's all good though, just received my EUR EFT. Thank god!

However, it's not the one I been waiting for of 8 days ago. I made another new EUR EFT transfer yesterday, and this one miraculously arrived in less 24 hours. What gives...

[Sharon1974]

Originally Posted by jimstones22

For me both don't show. It's all good though, just received my EUR EFT. Thank god!

However, it's not the one I been waiting for of 8 days ago. I made another new EUR EFT transfer yesterday, and this one miraculously arrived in less 24 hours. What gives...

Mmm .. same here. Usually eft arrives within hours. Current Euro Eft a week underway now.

[Paul&John]

Originally Posted by TurboB

EU EFT arrived in a couple of days from Paxum Bank Limited.

Where is Ruth with info what's going on?

When did you initiated the EFT?

[RuthB]

We recently had a change in banking partner, and as a result some EFT withdrawals (in particular, EUR EFT) have been experiencing delays. We sincerely apologize for any inconvenience.

We do have other withdrawal methods available such as withdrawal to external card, and crypto withdrawal, and of course the Prepaid card (where available). All these options are operating quickly and efficiently.

If you're encountering any issues or delays with your withdrawals, our customer support team is ready to assist you with your query, please reach out to them directly so they can look into your specific situation.

[jimstones22]

Update: EFT EUR transfer received after 11 days (7 business days). The one I made last Thursday was received in 24 hours. Let’s hope things go back to normal soon.

[Paul&John]

EFT EUR received as well today on 06/03/2024. Initiated on 05/24/2024.