Baller! :)

I'm waiting for the day that I can transfer my FirstChoice (credit card) funds to Paxum... so I can ACH the funds to my Bank.

When I am outside of the US, I have to go to a ATM, withdraw cash, then go to my Bank (in that country) and deposit into my Bank account. Sometimes the same Bank in the same building, sometimes different.

I loose around 5% in cx fees.

Plus the hassle of often standing on a sidewalk outside, plus needing to walk or take the bus to the Bank.

Everything else about the industry we practice in is electronic, I hate that twice-a-month exercise in handling cash.

I might try the Paxum Bank application again. When I was in Berlin in September, Ruth helped me with my application for an account.

The Bank wrote back in hideous - and broken English - detail, that everything I did with the application was wrong or not understandable.

Which made me mad at Paxum Bank, not at Ruth.

Yes. :1orglaugh

Don't you start - I will hunt you down, and then your family...

Just kidding - I'm in a much better mood today:pimp.....

me too, even my paypal works with their card


no problem at all

Service is down again.

Won't be back up any time soon I guess. They use Choice Bank for their cards right and Choice Bank is fucked at the moment

Great :Oh crap

I dunno. I asked for an EFT withdrawal two Tuesdays ago. Normally an EFT is the fastest way to get your money. Been a week. Nothing from Paxum.

I have to say.. BULL fucking shit!

Here is my take on EFT withdrawals.

So I submit my info. They verify it. I do three requests with no issues. Plus one month goes by. No issues. At at this point EFT requests should be automated? If I changed my bank account info, or a hacker did, then it would go back to manual audit mode. They'd wonder, WTF? Why is USA client using Ukrainian bank account? No offense Ukraine.

But no. All requests are manual? So it's been a week. WTF are you fucking doing Paxum? I need a real solution. This is fucking child's play. Plain and simple. Butt fucking dumb
Sorry gay people. I guess I could counter myself with, straight fucking a pussy with a cock. Either way. It's foreign way of doing business to me.

Wires... The old standard.

Anybody knows if withdraw by wife transfer is working now?

It seems that no withdrawal option is wokring at all.

I've just withdrawn a little cash via ATM, so it's working at the moment but can't transfer rest of funds from account to card.

Not for long.......

Guys - you should all have been around long enough to recognise a run on a bank.

If you dont all run for the hills asap, then you deserve what is coming.

AFAIK Paxum doesn't (at least exclusively) use Choice for holding wallet funds - well that's not where inbound wires are sent or received from, perhaps they're passed on at same stage, obviously for the cards they are. But either way, it's still going to annoy a lot of people if they cannot load their cards. Wires aren't cheap. Only problem is there's zero alternatives left.

Seems you can still use the current funds on the cards

New funds will probably have to wait till they are set up with a new card issuer and issue new cards to everyone

That's what I hope as well. Logically speaking, choice is a sketchy carribean bank and you'd want to keep as little funds there as possible. I'd imagine they wire money there with a "buffer" to transfer to the cards IE always keep around 30-40k in there, refill as nessesary whilst keeping the rest in a normal bank.

Choice is clearly having issues. Paxum should clarify that they do or don't use Choice, what for, and if so what their transition plan is. Why it's ok in adult to say "Don't worry, we'll fix it, don't worry" I'll never know.

They *DO* use Choice for sure, because the cards say choice bank on them

I'm sure that Paxum are using Choice bank only for prepaid cards. But surely they have money in the bank, which are now frozen. And that could be a serious problem for their future.

First Choice / Payoneer is done.

The money is also on Paxum being done.

Liquidity and confidence is everything is this game.

Without one you cannot have the other.

Going to be a tough few weeks for the cam girls.

We pulled out of all of these companies some time ago. It was not a popular decision but the writing was on the wall when they seemed to have a new bank every month.

Run for the hills fellas. Save yourselves.

1)Paxum is not out of business
2)No paxum funds are "frozen"
3)Choice bank was ONE of the withdrawal options we offered.
4)Business as usual for us. We will announce things soon.

I would give this post a like if there was a feature like that.

Thanks for the update!

:thumbsup

I remember hearing that about one other company you used to work for.
It made my wallet lighter by 20k+

Fearmongering is a GFY staple, Chris.

I hope all sponsors paying with FCP can move to Paxum, those will be great news....

Paxum Statement Regarding Choice Bank
 

Paxum Inc would like to address any concern our clients may feel after the recent news regarding Choice Bank Limited. On April 9th 2018 Choice Bank Limited informed its customers that it has been forced into a constrained position by the regulatory authorities.

Paxum would like to reassure our customers that this is an issue between Choice Bank and its regulatory authorities directly, and it is completely unrelated to Paxum. Paxum is just a customer of Choice Bank.

As a result of the news from Choice Bank we regret to inform you that Paxum cards can no longer be loaded via transfer to card. However it is important to note that any funds that currently exist on any Paxum card issued by Choice Bank are fully available and can be used as normal at the ATM and for POS purchases.

We are grateful that only a small portion of Paxum users are affected by Choice Banks situation, as it only relates to the Paxum issued card. All other aspects of Paxum services are operating normally, and regular service is uninterrupted. We apologize for this inconvenience caused to Paxum card-holders by Choice Bank, and we are working hard to promptly implement our new card solution.

As part of our commitment to providing a reliable payment service, and as a result of lengthy card issuing delays through Choice Bank over the last few months, Paxum had already been exploring alternative card issuing options and we have finalized a backup card. New cards are currently being printed. There will be no additional cost to the user for the new card, and we should have everything completed within 4 weeks. We will update clients as soon as the new cards have been shipped and implemented.

In the beginning of March 2018 Choice Bank experienced problems loading funds to cards and at that time Paxum pro-actively introduced Instant Withdrawal to External Credit/Debit card as an additional instant withdrawal option. Many clients have tried this option, and we recommend it for any Paxum client seeking instant access to their account funds while a replacement Paxum card is being implemented. Please note, some restrictions do apply.

Paxum payment solution has always been more than just a card, which is why problems that our card issuer Choice Bank is experiencing will not cause any long-term damage to Paxum's ability to provide consistent secure global payment services.

Paxum offers multiple withdrawal options (Wire, EFT/ACH, External Credit/Debit Card, and Transfer to Other Accounts), instant payments worldwide, and we still offer instant withdrawal. Paxum cards will be back very soon, and we look forward to continuing to serve our clients payment needs in the meantime.

Does business as usual include your main service not working properly for weeks?

Sounds like at least 2 - 3 months before everyone has their cards and it's working again, hopefully.

sounds like they are buying time

They are ending their relationship with choice.

All I know is that my Paxum account was closed because I live in the USA.
I don't understand anything else about it.

You can still open US business account.

Ouch! I can't transfer to card, either. Hope to get the new one. Some sponsors even told me to switch to other payout option and don't want to make Paxum payouts. :(

a lot of reading damn it

Chaturbate in his letter suggest move to Paxum...

Exoclick and BongaCash removed Paxum. Some of Paxum big clients still don't understand...

I gathered that from Ruth's statement, which did exactly what I asked, and laid out their position and transition.