10-22-2010, 06:49 PM
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Masterbaiter
Industry Role:
Join Date: Feb 2006
Posts: 26,415
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Hey PAXUM guys, I have serious a question...
Hi,
I see you guys saying things like...
Quote:
Originally Posted by RuthB
We are incorporated in Canada and we bank with the Bank of Montreal. All funds in clients current 'ewallet' accounts will be insured through the bank, providing security and protection to our customers.
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But, doesn't CDIC only insure canadian money? Or am I mistaken? If I'm not mistaken, then what about your clients with US dollars? How are US dollars insured in your Canadian bank when FDIC is the only ones that insure US dollars? Im not a pro at this whole banking thing, so please enlighten me.
One more question, sorry if I'm being a pain... but are you guys a registered money transfer business in Canada?
Thanks in advance...
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