Quote:
Originally Posted by Thomas007
Paxum do not need to be in business for long before we have saved enough in banking fees for caching checks or receiving wires to cover an eventual loss if they close shop.
Plus we'll also save us for the hassle of checks. It's labor intensive to open the letters and make lists which shall then be mailed to the bank with the checks.
My calculation is that it costs us $8 per check and a rough estimate on $30 per wire (sending and receive fee) to receive money.
I'll calculate with 50 checks and 10 wires per month.
It's $700 saved.
If we withdraw from Paxum via Wire 2 times a month, then the cost for that is about $120 a month.
700 - 120 = 580 saved per month by Paxum.
A year = $6960
Keep your balances low with Paxum, it's not a bank.
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Fuck it then, when paxum folds I will already have an alternative waiting for you guys to save fees with and help me take you guy's money... since you guys don't mind me taking your cash as long as you save on fees.
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“If you can convince the lowest white man he’s better than the best colored man, he won’t notice you’re picking his pocket. Hell, give him somebody to look down on, and he’ll empty his pockets for you.”
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