Quote:
Originally Posted by ravo
I'd be CRAZY to keep 3-4 months revenue in Paxum! I remember Epass. (we came close to losing close to $50K there, and I never want to take that chance again)
We keep as little as possible in ANY third-party payment processor (Paxum, Payoneer, Paypal) as there is just too much risk in keeping significant amounts there.
However, we do maintain a healthy reserve in our own domestic bank accounts.
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I think there is no need to keep any balance in Paxum. Just wire the funds to paxum once and distribute it to all affiliates same say they show up in wallet. Takes a week max. Some programs tell me they ACH small amounts to Paxum every day then process affs just to save 30 or 50 bucks on fees per month. Sorry, but I don't buy that they need to save 50 bucks a month in fees and waste so much time on balancing their funds. Why don't they charge affs a buck or two and let them pay for the fee?
I agree companies should keep a healthy balance in the bank.