| Payment system | |
|---|---|
| Official website | |
| Social network | |
| Date of foundation | 1970 |
| Head Office | (Suite 205), 3484 Des Sources Blvd. Dollard-des-Ormeaux, Quebec H9B 1Z9, Canada |
| Company owner | Paxum Inc. |
| Types of support | |
| Phone Support | |
| Languages | Russian, English, French, Spanish, Italian, Ukrainian |
| Bonuses | From 5 to 7 USD Bonus for each referred user |
| Account Currencies | EUR, USD, HKD, NZD, AUD, JPY, CHF, ZAR |
| Country | Canada |
| Mobile apps | |
| Licenses | Licensed |
| Affiliate Program | RegistrationBonus for each new invited user |
| Advantages | Fast transactions between the account and the card Instant internal transfers Not a bad system of account protection Quality support service Lack of minimum balance No restrictions on internal transactions Access to detailed reports to simplify account management No registration fees and monthly payments |
| Disadvantages | The need for verification to confirm identity Deposit and withdrawal fees User Agreement in English |
| Company requisites | Legal name: Paxum Inc. Legal address: (Suite 205), 3484 Des Sources Blvd. Dollard-des-Ormeaux, Quebec H9B 1Z9, Canada |
| Date of update | June 11, 2023 |
| Overall assessment | 5/10 |
Paxum is this a scam? Review and Customers Reviews
Contents
Why Paxum?
Paxum – it’s not a bank, it’s a payment system, created for the purpose of carrying out financial transactions as an electronic wallet. This service has existed since 2007 and is registered in Canada. Using it, a person can withdraw money to the bank card Paxum MasterCard and withdraw them from ATMs. Paxum service is ideal for those who earn on the Internet. Especially if the employers are in the U.S. or the EU. The electronic system is popular with freelancers, publishers and affiliates. More than 250,000 clients choose Paxum for their monthly payments. And more than 5,000 organizations use this service for their affiliate payments.
You can receive money to your Paxum payment account in more than 14 currencies. For this purpose virtual accounts are created in the USA or Europe. If you need to get payment for your services from companies or individuals from the USA or the EU, you can provide them with your virtual bank account for quick payments. Over the last years Paxum system has established business relations with popular webcams platforms in the online adult entertainment industry. Accordingly, webcam studio owners can instantly receive payments from the platforms they promote and send mass payments to their employees all over the world in a matter of minutes.
The advantages of the electronic payment system (EPS) Paxum are the following:
- There are no registration fees and no monthly payments;
- low rates for operations;
- 24-hour operational technical support;
- instant intra-system transfers;
- lack of minimum balance;
- transfers between any types of accounts;
- instant crediting from e-wallet to “plastic”;
- Fast payouts from leading webcam platforms;
- access to detailed reports to simplify account management;
- no restrictions on internal transactions.
Thanks to Paxum, individuals can receive money for their work or send payments to other system users. And companies can make mass EFT and bank transfers to their customers around the world. Both can open an IBAN EUR account for incoming payments in euros or USA ACH for incoming payments in US dollars. Paxum EPS gives users the opportunity to open their own ACH account in the USA or SEPA account in the EU. Each account implies 2 internal accounts:
- e-Wallet – a wallet for depositing and moving money within the system itself;
- MasterCard – an account to withdraw the amount to debit card.
The Paxum MasterCard is sent free of charge only to verified users who have pre-ordered it. It takes a week to process and ships within 20 days. This card is fully compatible with PayPalThe service will also be available on the MasterCard website. In the future, the creators of the service plan to link to other MasterCard bank cards. It is possible to make payments and operate your own funds using an account on the official website paxum.comor with the help of a mobile application. It can be downloaded from the App Store or Google Play. This will allow you to quickly make transfers and get information about the status of the account anywhere and anytime, where there is a connection to the Internet. As you can see, Paxum system is very specific. What does it represent itself? Is it a new scam or a time-tested financial tool? We will answer these questions in the next sections of our review!
Paxum for sports betting
This system was created to pay for goods and services, not to keep dubious projects running. Notification about prohibition to use Paxum wallet for withdrawal of funds received with betting shopsThe user is able to access the information about the sale of weapons or drugs during the registration process – after entering the verification code.
paxum.com for buying/selling cryptocurrency
On the official website of the payment system there is no information about the possibility of buying or selling cryptocurrencies. The EPS notifies that it does not allow direct withdrawals to popular international payment systems – for example, such as Bitcoin or Perfect Money.
How do I use paxum.com to pay for goods and services?
This system was created specifically to make making payments as convenient as possible. And not only for paying salaries to employees all over the world. With the help of paxum.com you can easily and simply pay for goods and services in online stores. This includes the use of a virtual or plastic card. The Paxum prepaid card is available in U.S. dollars and ships in a few days. With it, you can withdraw funds from ATMs in any country and make purchases online or at local stores.
How do I sign up for the Paxum payment system?
To start receiving and sending payments in Paxum, you need to create your account and upload documents. The process of opening a personal account is very simple. It’s enough to fill out a special form online and confirm the information within 24 hours.
Paxum offers to register in one of 2 ways:
- to open a personal account;
- Create a business account.
We recommend that beginners choose the first option. To register a business account you need to have a registered business or IE. Then you enter your Paxum login information (email, account type, login, secret question and answer), information about yourself, place of residence and passport information. Then comes the “Questionnaire” section, where you have to answer simple questions. Now you need to agree with the rules of Paxum and confirm your phone number. After confirming the number in the system, you need to click “Create account”.
You will receive an e-mail with a link. By clicking on it, you can easily enter the personal account of Paxum. Press the “Login” button, write your login (email) and password, which was prescribed in the fields of registration. Now everything is ready, let’s enter the e-wallet Paxum.
Account type
The system offers its customers 2 types of accounts – personal and business. The first is created for individuals and the second – for legal entities. According to the user agreement, one person can open 1 private and 1 corporate account.
How to get verified in Paxum
To pass the verification you need to go through 2 steps:
- Provide identification card/company registration certificate;
- Confirm the address of residence/company location.
Paxum is a licensed financial institution and complies with income tax law. It requires identification of all customers. Document uploading is not necessary only for non-verified wallets. However, it provides for a complete lack of e-card attachment and markedly reduced transaction limits. This type is useful for receiving payments from sponsors, who will see only e-mail. It is better to make it in addition to a private or corporate account.
Deposit and withdrawal from Paxum
You can top up your Paxum wallet through the EFT network, which will take 5 to 7 business days. You can also do it directly from your bank card (the easiest way) or via money transfer – for example, via Western Union, which takes about 3 business days.
You can receive money by bank transfer via the SWIFT network (WIRE, ACH, SEPA) or via instant P2P payment transfer from other Paxum customers. Paxum’s network of bank partners allows you to transfer money to more than 200 countries and from more than 14 currencies. There are several options for withdrawals. The best one is this withdrawal to the system card. But there are also alternative ways:
- to Visa, MasterCard or China UnionPay worldwide (within 24-72 hours);
- via exchangers;
- to a dedicated IBAN EUR account for incoming payments in euros;
- domestic wire transfer EFT (supported in 50+ countries in 20+ currencies, funds are credited to the recipients’ account in just 15 minutes);
- via WIRE Transfer.
Currency of operations
Paxum offers payment accounts in U.S. dollars, euros, Swiss francs, Dutch kroner, Australian dollars, yen, Norwegian kroner, Singapore dollars, Hong Kong dollars, Swedish kroner, New Zealand dollars, and South African rands. If necessary, funds in one currency can be transferred within the system to another currency.
Commission
As with any ECN, Paxum has fees. If you transfer money from your personal account to another Paxum account, the fee will be $0.25. And when transferring funds from a business account it will be $1. All information about commissions is in the table on the portal of the service paxum.com.
Payment limits
Like any payment system, Paxum has limits on deposits and withdrawals. Every day within the payment system you can send money up to 10 thousand dollars. To pay for purchases in online stores is allowed up to $2500 per day.
Restrictions on withdrawals paxum.com
It is not possible to withdraw all of the money from the e-wallet. Only $2,500 per day can be withdrawn via MasterCard.
Paxum Bonuses
To financially reward its customers, the Paxum management has launched its own affiliate program. Thanks to the multilevel affiliate program you can significantly increase your income. This program allows you to receive 5-7 dollars for each new guest, provided that he will activate a payment card and will keep an active account.
Reviews of Paxum
Feedback on the work of this EPS is mostly positive, but there is also some negative. This is due to the blocking of funds of users who have grossly violated the terms and rules of the User Agreement. If you do not take into account the comments of these individuals, the system works smoothly and does not cheat customers who actively use the services of Paksum.
Many project participants note that transactions between the account and the card are carried out promptly. The system of account protection is quite reliable, internal transfers are instant, and the work of the support service is of high quality. Of course, the “agreement” and other documents can be translated with an online translator. But this is too difficult for those who do not speak English at all.
In general, there are few negative points, but still the system is more focused on foreign users. Service has been developing since 2007, constantly improving conditions for project participants. Immediately after the creation of Paxum, experts were convinced of the rapid “collapse” of the system. But as you see, this did not happen! And the fact that the payment system has existed for 13 years testifies to its reliability.
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Paxum regulation and license
The relationship between the project and the participants is regulated on the basis of the current legislation, as well as the internal rules of the service itself. Be sure to study these issues in order to understand how to act in certain situations when working with Paxum. Knowing the rules and conditions of cooperation with the system, you will be able to assess the benefits and analyze possible risks.
Paxum License
Paxum Corporation is regulated by FINTRAC as a financial services company. This Financial Transactions and Reports Analysis Centre of Canada monitors compliance by “representative entities” with the “required requirements under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA).
paxum.com User Agreement
The agreement provides all the most important information, which is worth studying before you register on the portal paxum.com. The basic concepts, rules of work with the payment system, the rights and obligations of the parties are prescribed here. This document says about the regulation and legality of the project’s activity.
The “Personal and Business Users” section defines the conditions for opening accounts for individuals and legal entities.
The situation with the ban on access to e-wallet services for U.S. citizens is clarified.
The system warns that it provides the user with a private account available through the e-Wallet service and the Paxum platform as long as the user does not violate this agreement.
The user is obliged to provide Paxum only with accurate information about himself/herself.
The user must not allow third parties to manage their e-wallet. Nor shall he/she be entitled to engage in payment aggregation, bitcoin or other virtual currency activities. In addition, the Paxum client must not use the services of the e-wallet in order to sell or promote pharmaceuticals, medicines, illegal substances, gambling, casinos, betting, etc. Otherwise Paxum will block the account of the user whose actions it considers illegal or inappropriate.
The agreement also covers the collection, use, disclosure and storage of users’ personal information for verification purposes.
Customer Service
You can contact Paxum Technical Support in one of 2 ways:
- by e-mail: [email protected];
- by phone: +1 (866) 347-4781.
There is no messenger yet. But it will appear soon.
Is Paxum a Scam?
After reading a lot of reviews on the thematic forums, we have not found any complaints about unreasonable closure of the account or “squeezing” money from users Paxum. The already issued card works properly – there are no problems with withdrawal, even if there are occasional messages about delays in transfers. Long verification is associated with a huge influx of new users, but the representatives of the Paxum corporation promise to establish technical support by hiring new employees. Problems sometimes arise at the stage of withdrawal to a third-party plastic card. This is not Paxum’s fault and is quite solvable.
User information is transmitted to Paxum servers via a secure connection. All personal data of clients is encrypted and only the appropriate personnel of Paxum Inc. has access to it. All payment transactions are digitally signed. This is done with a secure code sent to the customer’s phone number. Judging by the information on the paxum.com website, the service performs mainly the function of withdrawing wages from adult websites. But it is no less popular with freelancers, publishers and affiliates. In general, the Paksum payment system has existed for 13 years and the number of its users is only increasing every year. Accordingly, this project can not be called a fraud!
Conclusion
Paxum – is an electronic payment service with the help of which you can accept money from other users, and then withdraw them in a convenient way. And to pay for various goods and services the Paxum card is perfectly suitable.
Reviews
- In ascending order of rating
- In descending order of rating
- New ones first
- First the old ones
- Popular ones first
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Feedback approved for publication Rate your review 000Paxum failed
I used Paxum for a year and everything was fine, but one day they put the page on hold for verification and it’s been like that for almost two months. At The letters are answered quickly, but the same thing, like when you registered you saw in the contract that Paxum has the right to withhold funds as… Read more
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Rate your review 2+10I don't feel confident using Paxum
I use Paxum, just that there is no choice, was not, and so I think to leave them for good. Paxum- It kicks out, the system is not stable, I wait all the time from it Surprise – I’m fed up with it! Sometimes you have to wait, indefinitely, for your own money to be deposited on the card, and support responds… Read more
Positive- there are no such
Minuses- Irresponsible
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Rate your review 0-10DON'T mess with this system! My girlfriend...
DON’T mess with this system! My girlfriend couldn’t withdraw money for 3 weeks. Support just responded with prepared stupid phrases. When I tried to register an account, paxum asked for a lot of personal information, supposedly approved it, and then immediately blocked the account on which I still I… Read more
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Rate your review 0-22Paxum is a good system for reasonable...
Paxum is a good system for reasonable people, a little bit of waiting, in general get protection and safe saving your finances, I recommend
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Rate your review 00Reliable and proven system Paxum. The only...
Reliable and proven system Paxum.
The only thing is that there are problems with withdrawal in cash in Ukraine.
We work on input and output in any part of Ukraine, for any amount. For all questions @PaxumPay -
Rate your review 000I heard that paxum is the former...
I heard that paxum is the former epassport that collapsed, taking all the money on the cards with it.
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Rate your review 0-22I registered, identified my identity with ukr
I registered, identified my identity with ukr. foreign and address with ukr. passport, for 24 hours confirmed the account, withdrawal to the card was 3 days. Everything is clear.
Who can transfer to another user Paxum possibly help to withdraw cart @msaua -
Rate your review 000Hello everyone. Guys, who knows what's going...
Hello everyone. Guys, who knows what’s going on with Paxum today? I withdrew the money to my card at 4 am, now it’s 6:14 pm, and the payment is still being processed. Although it never happened before. Always accrued instantly, but here it is like this.
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Rate your review 000Guys, hello all I have such a...
Guys, hello all
I have such a problem.I withdrew money from paxum to the card at 4 am, so now it’s 17:00 and the payment is still being processed, although from paxum to the card always instantly money came.do you know what is with paxum today, or am I the only one who has it? -
Rate your review 000Everything is as they say. Verification took...
Everything is as they say. Verification took two weeks without feedback, support did not respond. The site is glitchy, very unclear. Do not translate into other languages, only English. It is difficult to understand. As a result, now I have been waiting for the transfer for 12 calendar days by EFT. … Read more
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Rate your review 000People who write that it's a scam...
People who write that it’s a scam and all that sort of thing just haven’t figured out how it works. But in reality, it’s quite simple.
It’s pretty much good service with a small fee if you compare it with other banks.
Identity confirmation was not so complicated. High-quality scan of passport + a photo… Read more -
Rate your review 0-20At first they were beating their brains...
At first they were beating their brains out about verification ! all they did not fit ! it turns out that the Ukrainian internal passport does not fit them as well ! If I don’t have a driver’s license or military ID – there are no options to pass the verification ! it turns out that according to their… Read more
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Rate your review 0-10same thing, transferred the money and can't...
same thing, transferred the money and can’t withdraw it.
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Rate your review 0-10They do not respond to complaints for...
They do not respond to complaints for five days and do not activate the account. so because of this I can not receive payment.
Paxum reviews
- New2
- Resolved0
- Not resolved2
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