Good news - Paxum Is Doing EFTs Again
 

Good news - Paxum Is Doing EFTs Again Was such a pain that we couldn't add Banks for a few months.

Now, EFTs are back, and more good news: We don't need to verify a new Bank with those pesky nickel/dime test deposits.

Going to the Bank and withdrawing from the card wasn't all that much hard work, but in America ATMs dispense $20s, and charge $3-$5, plus the Paxum withdrawel fee. So the tricky part was withdrawing a multiple of $20, then keeping the withdrawal plus fees within the Paxum balance. Often left $10-$15 balance in Paxum, rather than $0!

EFTs only take me one-day in America. My Bank is a "top level" bank, so ACH/Direct Deposit/EFTs only take to the next business day.

Now if Payoneer could do the same!

The downside: I just renewed my Paxum card for $50, and not sure I will be using it in America, as I don't buy that much with CC vs transfer to a real bank account... and actually find it difficult to use the card in Europe as the card does not come with a Chip.

congrats paxum!