Paxum closing US PERSONAL Accounts

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  • anexsia
    Confirmed User
    • May 2010
    • 5735
    #101
    Originally posted by jscott
    No accounts were closed from just being US citizens before though, their situations were closings bcos of other issues right?
    Mine was closed months ago and it was because I was a US citizen living in Virginia. There's a thread here from awhile back which had other US Paxum users who had their accounts closed too.

    More and more of the sponsors I use are paying out via Paypal though which is awesome.

      Comment

      • tammix
        Confirmed User
        • Apr 2006
        • 2164
        #102
        why Chris and Ruth are hiding info on whats happening? This look very shady

          Comment

          • ilnjscb
            Confirmed User
            • Jun 2009
            • 8973
            #103
            For the record I have no paxum account but it isn't shady. If you do any work internationally the tax laws are obscene. As a US citizen you have to beg banks to work with you because of the outlandish requirements that literally no other nation requires.

              Comment

              • tammix
                Confirmed User
                • Apr 2006
                • 2164
                #104
                Originally posted by ilnjscb
                For the record I have no paxum account but it isn't shady. If you do any work internationally the tax laws are obscene. As a US citizen you have to beg banks to work with you because of the outlandish requirements that literally no other nation requires.
                ok it looks fishy then, they are not very specific on the reasons, dropping US customers just like this, huh, dunno...

                  Comment

                  • ilnjscb
                    Confirmed User
                    • Jun 2009
                    • 8973
                    #105
                    Sure, suboptimal, and who is to say what the reason really is. But that could be the case. Several banks have recently done the same thing due to onerous US regulations.

                      Comment

                      • tigermtb
                        Confirmed User
                        • Nov 2003
                        • 1062
                        #106
                        This is bad news for US Personal Paxum account holders, and that sucks .. but..

                        If anyone needs somewhere to send their Paxum funds, we can accept them and it enters you to win advertising credit in our New Years Resolution promo. Please note that the funds would have to be spent on Advertising, we wouldn't be able to send them out via another method or something...

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                          Comment

                          • blackmonsters
                            Making PHP work
                            • Nov 2002
                            • 20974
                            #107
                            Thanks Trump.
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                              Comment

                              • pamon
                                Confirmed User
                                • Dec 2007
                                • 3113
                                #108
                                Wouldn't the easy answer be to incorporate your biz and then open a new account under that Corp/LLC and proceed? Not sure
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                                  Comment

                                  • rowan
                                    Too lazy to set a custom title
                                    • Mar 2002
                                    • 17393
                                    #109
                                    Originally posted by ilnjscb
                                    For the record I have no paxum account but it isn't shady. If you do any work internationally the tax laws are obscene. As a US citizen you have to beg banks to work with you because of the outlandish requirements that literally no other nation requires.
                                    If you've been following Paxum "complaint" threads then it's probably not a total surprise.

                                    For everyone else, 48/96 hours notice before complete account closure may cause some panic. That's the shady part. Why does this need to happen so quickly?

                                      Comment

                                      • ilnjscb
                                        Confirmed User
                                        • Jun 2009
                                        • 8973
                                        #110
                                        Originally posted by blackmonsters
                                        Thanks Trump.

                                          Comment

                                          • JuicyBunny
                                            So Fucking Banned
                                            • Jun 2010
                                            • 2145
                                            #111
                                            Research FATCA and FBAR and thank Obama. /end of thread.

                                              Comment

                                              • Markul
                                                Likes Pie
                                                • Dec 2007
                                                • 12403
                                                #112
                                                Jesus. Stop doing business as individuals and incorporate yourself already.
                                                But.... I pulled out...

                                                  Comment

                                                  • C H R I S
                                                    Too lazy to set a custom title
                                                    • Nov 2005
                                                    • 10842
                                                    #113
                                                    Get a business account....
                                                    C H R I S
                                                    Retired Porn Veteran

                                                    BH4L

                                                      Comment

                                                      • wasteland
                                                        Confirmed User
                                                        • Jan 2002
                                                        • 697
                                                        #114
                                                        Originally posted by Markul
                                                        Jesus. Stop doing business as individuals and incorporate yourself already.
                                                        For small shops and individuals, an LLC is a fast and inexpensive option for US folks.
                                                        Colin Rowntree
                                                        Skype: rowntree2007
                                                        Our Affiliate Program: http://www.spicecash.com

                                                          Comment

                                                          • Klen
                                                            • Aug 2006
                                                            • 32235
                                                            #115
                                                            Originally posted by wasteland
                                                            For small shops and individuals, an LLC is a fast and inexpensive option for US folks.
                                                            Yep Delaware incorporation cost only 700$. But we know "real" reason why people have personal accounts

                                                              Comment

                                                              • pigface
                                                                Confirmed User
                                                                • Sep 2006
                                                                • 195
                                                                #116
                                                                here is a very old article but maybe its regarding this: https://www.biv.com/article/2016/11/...rgeted-us-aut/

                                                                  Comment

                                                                  • JuicyBunny
                                                                    So Fucking Banned
                                                                    • Jun 2010
                                                                    • 2145
                                                                    #117

                                                                      Comment

                                                                      • TrashyContent
                                                                        Confirmed User
                                                                        • May 2008
                                                                        • 2155
                                                                        #118
                                                                        Hmmm...

                                                                        I'm in the UK so I guess I don't have to worry... I only ask as my account is a $ account... just wanted to make sure no one outside of the USA had been effected... ?

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                                                                          Comment

                                                                          • PornDiscounts-V
                                                                            Confirmed User
                                                                            • Oct 2003
                                                                            • 5744
                                                                            #119
                                                                            Originally posted by JJE
                                                                            Gotcha, but what's the difference between a business and a personal account in terms of reporting?
                                                                            America made corporations into entities like people. So if you are one, it acts separately from you and isn't required to be reported. If you get money paid to you on Paxum, and you are having it sent to a personal account, and you are s USA citizen, you are supposed to be self reporting the account to both the IRS and the FBI. Nobody is doing that. Hence the issue. Along with you self reporting it, Paxum is supposed to be reporting it as well. Major headache for them.

                                                                            The reason a business does not have to report is that it is not a citizen. It is an entity, like a person, but not a citizen. So because the law says citizens, businesses are not included.

                                                                            Other countries are complaining about this law because it is causing them hundreds of millions in losses by both their own regulators and their companies. Much more in aggregate than America is making in recovered funds. I expect the GOP to shoot this law down. It was created in partisan bullshit when the banks got bailed out and everyone blamed the 1% for their stupidity. It was the Democrats showing their constituents they were going to punish the rich.

                                                                            Well.. now the entire world is getting punished by an overreaching law.
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                                                                              Comment

                                                                              • RuthB
                                                                                Let's Get Paxumized!
                                                                                • May 2005
                                                                                • 7248
                                                                                #120
                                                                                Originally posted by TrashyContent
                                                                                I'm in the UK so I guess I don't have to worry... I only ask as my account is a $ account... just wanted to make sure no one outside of the USA had been effected... ?
                                                                                Only USA Personal Account holders are affected.

                                                                                All other accounts are fine, so yes your account will be fine.

                                                                                Thanks
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                                                                                  • PornDiscounts-V
                                                                                    Confirmed User
                                                                                    • Oct 2003
                                                                                    • 5744
                                                                                    #121
                                                                                    Originally posted by pamon
                                                                                    Wouldn't the easy answer be to incorporate your biz and then open a new account under that Corp/LLC and proceed? Not sure
                                                                                    Yeah. I'll just wave a magic wand and have that done in a week. Not.
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                                                                                      • NickBaer
                                                                                        Nick Baer
                                                                                        • Jun 2005
                                                                                        • 1393
                                                                                        #122
                                                                                        What hours do the "new account review" people work?

                                                                                        Had some action 12 hours ago. Been quiet for quite a few.
                                                                                        Made my first porno in 1986. Sold my first VHS in 1993. Did my first live Cam in 1994. Coach-Karl.com NickBaerGallery.com I host with MojoHost.com and To Buy or Sell Sites Imagine AI Content

                                                                                          Comment

                                                                                          • Forkbeard
                                                                                            Confirmed User
                                                                                            • Feb 2002
                                                                                            • 2236
                                                                                            #123
                                                                                            Originally posted by ilnjscb
                                                                                            For the record I have no paxum account but it isn't shady.
                                                                                            You're wrong about this and Tammix is correct. It totally is shady and here's why: the short notice. If this is some long-apprehended regulatory problem (as people have detailed in this thread) that's been looming since the Obama administration, Paxum could have announced a leisurely phaseout of US personal accounts way back in June, giving everyone plenty of time to make alternative arrangements. That would have been the responsible, non-shady approach to the problem.

                                                                                            Alternatively, if they just got hit with some sudden regulatory action by international banking regulators or over-reaching US law enforcement, they could admit that, and apologize: "Sorry, people, we know this sucks but there's nothing we can do, our hands are tied and we literally have no option but to sever all ties by January 15 or be in violation of some new international regulatory order that we can't afford to comply with."

                                                                                            But neither of those are the case here. They are saying that the reason is long-term and strategic (these customers aren't going to be profitable in the business environment going forward) but they termed everyone on extremely short notice with vague justification. That is shady. And if you're a business customer who continues doing business with them, you ought to think really really hard about what it says for their loyalty to you and to your business processes, and what it's going to be like when they decide (for whatever reason) to dump all of your business for some unstated non-specific reason on 48 hours notice some random Monday in the future.

                                                                                            So yes, it's shady because either they're lying about the reason being long-term strategic (when in fact they have some sort of short-term unexpected law-enforcement regulatory imperative that they aren't admitting to) or they planned for a long time to dump all these customers on short notice. There's no non-shady third-way between those two possibilities! I don't care how much warm fuzzy feeling you have for these people, this behavior cannot be defended.
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                                                                                              Comment

                                                                                              • nikki99
                                                                                                Supermodel
                                                                                                • Nov 2004
                                                                                                • 23087
                                                                                                #124
                                                                                                god bless south america!
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                                                                                                  Comment

                                                                                                  • nikki99
                                                                                                    Supermodel
                                                                                                    • Nov 2004
                                                                                                    • 23087
                                                                                                    #125
                                                                                                    Originally posted by marlboroack
                                                                                                    right before avn. I had my personal paxum account for 5+ years.
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                                                                                                      • Sid70
                                                                                                        Downshifter
                                                                                                        • Dec 2002
                                                                                                        • 16413
                                                                                                        #126
                                                                                                        Русня, идите нахуй!

                                                                                                          Comment

                                                                                                          • godivabiz
                                                                                                            Confirmed User
                                                                                                            • May 2007
                                                                                                            • 170
                                                                                                            #127
                                                                                                            Sure I will like to withdraw my money from Paxum.... But Hell, can I get some "correct approval codes".... that will Help Paxum...
                                                                                                            Email Me: [email protected] Telegram: @ToofPromos

                                                                                                              Comment

                                                                                                              • RuthB
                                                                                                                Let's Get Paxumized!
                                                                                                                • May 2005
                                                                                                                • 7248
                                                                                                                #128
                                                                                                                Originally posted by godivabiz
                                                                                                                Sure I will like to withdraw my money from Paxum.... But Hell, can I get some "correct approval codes".... that will Help Paxum...
                                                                                                                If your Transaction Approval Codes do not seem to be working for you, then please log-in to your Paxum account and visit the SECURITY section of your account. Scroll down to the Transaction Codes section and click into it. In there you can re-request your approval codes, or request brand new ones, or disable them.

                                                                                                                You will receive new codes (or a disable code, whichever you request) to the email address you use to log-in.

                                                                                                                Thanks
                                                                                                                Send & Receive Mass Global Payments - Mass P2P/Wire/EFT/SEPA - Adult Industry Friendly - Award Winning Payment Service - Fast, Reliable & Secure!
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                                                                                                                  • INever
                                                                                                                    Confirmed User
                                                                                                                    • Jan 2005
                                                                                                                    • 4031
                                                                                                                    #129
                                                                                                                    Originally posted by JJE
                                                                                                                    Gotcha, but what's the difference between a business and a personal account in terms of reporting?
                                                                                                                    GOTCHA is the acronym for the new reporting requirements in 2018.
                                                                                                                    Never underestimate the stupidity of any government, anywhere.
                                                                                                                    Maybe this is why Paypal is converting its Personal Cards to Business Cards.
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                                                                                                                      Comment

                                                                                                                      • Tjeezers
                                                                                                                        Webmaster
                                                                                                                        • Mar 2007
                                                                                                                        • 16603
                                                                                                                        #130
                                                                                                                        It did cost me an arm and leg but I'm a company and pay tax and my cards are all business. I probably make way less than other people here but seeing them all cry about this makes me want to punch them in the face. Paxum is a Romania company. They can't risk working with people not paying tax.

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                                                                                                                          Comment

                                                                                                                          • NickBaer
                                                                                                                            Nick Baer
                                                                                                                            • Jun 2005
                                                                                                                            • 1393
                                                                                                                            #131
                                                                                                                            I've had a US LLC for decades.

                                                                                                                            I got the Paxum Business account approved in 24 hours. Took 3 tries with the Passport. If you're going to scan or photo your ID, leave some margin around all 4 sides. For some reason...
                                                                                                                            Made my first porno in 1986. Sold my first VHS in 1993. Did my first live Cam in 1994. Coach-Karl.com NickBaerGallery.com I host with MojoHost.com and To Buy or Sell Sites Imagine AI Content

                                                                                                                              Comment

                                                                                                                              • NickBaer
                                                                                                                                Nick Baer
                                                                                                                                • Jun 2005
                                                                                                                                • 1393
                                                                                                                                #132
                                                                                                                                Originally posted by Tjeezers_Brokerbabe
                                                                                                                                It did cost me an arm and leg but I'm a company and pay tax and my cards are all business. I probably make way less than other people here but seeing them all cry about this makes me want to punch them in the face. Paxum is a Romania company. They can't risk working with people not paying tax.
                                                                                                                                No wonder they reply at such odd hours compared to my working hours.

                                                                                                                                I was in Bucharest in December. I could have handed them my Passport faster than taking photo after photo to get the right "margin" on all 4 sides!
                                                                                                                                Made my first porno in 1986. Sold my first VHS in 1993. Did my first live Cam in 1994. Coach-Karl.com NickBaerGallery.com I host with MojoHost.com and To Buy or Sell Sites Imagine AI Content

                                                                                                                                  Comment

                                                                                                                                  • NickBaer
                                                                                                                                    Nick Baer
                                                                                                                                    • Jun 2005
                                                                                                                                    • 1393
                                                                                                                                    #133
                                                                                                                                    Originally posted by INever
                                                                                                                                    GOTCHA is the acronym for the new reporting requirements in 2018.
                                                                                                                                    Never underestimate the stupidity of any government, anywhere.
                                                                                                                                    Maybe this is why Paypal is converting its Personal Cards to Business Cards.
                                                                                                                                    Yes, PayPal converted me 2 years ago. 3-4 years ago now for Amazon.

                                                                                                                                    Is FirstChoice next? Would XTube help us?
                                                                                                                                    Made my first porno in 1986. Sold my first VHS in 1993. Did my first live Cam in 1994. Coach-Karl.com NickBaerGallery.com I host with MojoHost.com and To Buy or Sell Sites Imagine AI Content

                                                                                                                                      Comment

                                                                                                                                      • esham
                                                                                                                                        Confirmed User
                                                                                                                                        • Mar 2004
                                                                                                                                        • 629
                                                                                                                                        #134
                                                                                                                                        I uploaded my ids and you would never verify my account. So i could with draw my money. Because you weren't accepting USA customers. How can i get this money? Ive emailed all sponsors and some wont accept a reverse charge and pay me. These sponsors will no longer be promoted by me unless I can get my money off paxum. I need some direct form of payment. Wire, check, paypal.

                                                                                                                                        I emailed Ruth and through paxum.com and haven't heard anything yet. Can i still get this money off after this deadline?
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                                                                                                                                          Comment

                                                                                                                                          • esham
                                                                                                                                            Confirmed User
                                                                                                                                            • Mar 2004
                                                                                                                                            • 629
                                                                                                                                            #135
                                                                                                                                            Do I need a verified Account for eft or wire? Can i transfer money to other users. With a unverified account?
                                                                                                                                            Double Your profit From Ad Brokers

                                                                                                                                              Comment

                                                                                                                                              • wasteland
                                                                                                                                                Confirmed User
                                                                                                                                                • Jan 2002
                                                                                                                                                • 697
                                                                                                                                                #136
                                                                                                                                                Originally posted by Tjeezers_Brokerbabe
                                                                                                                                                It did cost me an arm and leg but I'm a company and pay tax and my cards are all business. I probably make way less than other people here but seeing them all cry about this makes me want to punch them in the face. Paxum is a Romania company. They can't risk working with people not paying tax.
                                                                                                                                                (Ruth is in Canada)
                                                                                                                                                Colin Rowntree
                                                                                                                                                Skype: rowntree2007
                                                                                                                                                Our Affiliate Program: http://www.spicecash.com

                                                                                                                                                  Comment

                                                                                                                                                  • Marquis85
                                                                                                                                                    Confirmed User
                                                                                                                                                    • Apr 2009
                                                                                                                                                    • 622
                                                                                                                                                    #137
                                                                                                                                                    Originally posted by anexsia
                                                                                                                                                    Mine was closed months ago and it was because I was a US citizen living in Virginia. There's a thread here from awhile back which had other US Paxum users who had their accounts closed too.

                                                                                                                                                    More and more of the sponsors I use are paying out via Paypal though which is awesome.
                                                                                                                                                    Which ones?
                                                                                                                                                    Last 3 months SCORECash ratio: 1:237

                                                                                                                                                      Comment

                                                                                                                                                      • PornDiscounts-V
                                                                                                                                                        Confirmed User
                                                                                                                                                        • Oct 2003
                                                                                                                                                        • 5744
                                                                                                                                                        #138
                                                                                                                                                        @RuthB @Chris - After the 10th... will we still be able to login and check the balance of the card?
                                                                                                                                                        Blog Posts - Contextual Links - Hardlinks on 600+ Blog Network
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                                                                                                                                                          • The Ghost
                                                                                                                                                            IslandDollars.com
                                                                                                                                                            • Oct 2004
                                                                                                                                                            • 12188
                                                                                                                                                            #139
                                                                                                                                                            Without waving flags, we do a sizable amount of Paxum each month. And know how much affiliates prefer it. Hope it carries on.
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                                                                                                                                                              Comment

                                                                                                                                                              • NickBaer
                                                                                                                                                                Nick Baer
                                                                                                                                                                • Jun 2005
                                                                                                                                                                • 1393
                                                                                                                                                                #140
                                                                                                                                                                My Business account verified and approved in 24 hours, and US bank account added.

                                                                                                                                                                By Friday, my old email will be associated with the Business Account, and removed from Paxum's database linking it to the old closed Personal account.

                                                                                                                                                                That way, I will not need to do anything with the multitudinous Programs that I am an Affiliate of.

                                                                                                                                                                Now, if any of those would actually make any money...
                                                                                                                                                                Made my first porno in 1986. Sold my first VHS in 1993. Did my first live Cam in 1994. Coach-Karl.com NickBaerGallery.com I host with MojoHost.com and To Buy or Sell Sites Imagine AI Content

                                                                                                                                                                  Comment

                                                                                                                                                                  • NickBaer
                                                                                                                                                                    Nick Baer
                                                                                                                                                                    • Jun 2005
                                                                                                                                                                    • 1393
                                                                                                                                                                    #141
                                                                                                                                                                    The part of this that is really silly (which I just realized when I went on IslandDollars signup page), is that sites that do their own accounting, already ask for our US Tax ID.
                                                                                                                                                                    Made my first porno in 1986. Sold my first VHS in 1993. Did my first live Cam in 1994. Coach-Karl.com NickBaerGallery.com I host with MojoHost.com and To Buy or Sell Sites Imagine AI Content

                                                                                                                                                                      Comment

                                                                                                                                                                      • PornDiscounts-V
                                                                                                                                                                        Confirmed User
                                                                                                                                                                        • Oct 2003
                                                                                                                                                                        • 5744
                                                                                                                                                                        #142
                                                                                                                                                                        Originally posted by NickBaer
                                                                                                                                                                        My Business account verified and approved in 24 hours, and US bank account added.

                                                                                                                                                                        By Friday, my old email will be associated with the Business Account, and removed from Paxum's database linking it to the old closed Personal account.

                                                                                                                                                                        That way, I will not need to do anything with the multitudinous Programs that I am an Affiliate of.

                                                                                                                                                                        Now, if any of those would actually make any money...
                                                                                                                                                                        That's what I'm talking about!

                                                                                                                                                                        As for the silliness of Island Dollars already asking for ID...

                                                                                                                                                                        This issue stems from the fact that your personal CHECKING account with Paxum is a foreign account to the USA. As such they must do a massive amount of reporting and proactive checking with you about who you are sending money to. Our PayPal account was suspended once because they wanted to know who we were and why we send such large amounts to other accounts. It got activated again after we gave them all of the info. Paxum doesn't have the resources to do this when American webmasters with personal accounts make up a small percentage of their business.
                                                                                                                                                                        Blog Posts - Contextual Links - Hardlinks on 600+ Blog Network
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                                                                                                                                                                          • Bladewire
                                                                                                                                                                            StraightBro
                                                                                                                                                                            • Aug 2003
                                                                                                                                                                            • 56228
                                                                                                                                                                            #143
                                                                                                                                                                            Deadline tomorrow people!


                                                                                                                                                                            Skype: CallTomNow

                                                                                                                                                                              Comment

                                                                                                                                                                              • Buncha
                                                                                                                                                                                Confirmed User
                                                                                                                                                                                • Feb 2005
                                                                                                                                                                                • 214
                                                                                                                                                                                #144
                                                                                                                                                                                Originally posted by PornDiscounts-V
                                                                                                                                                                                @RuthB @Chris - After the 10th... will we still be able to login and check the balance of the card?
                                                                                                                                                                                I have the same question. Please let us know. Thanks.

                                                                                                                                                                                  Comment

                                                                                                                                                                                  • Bladewire
                                                                                                                                                                                    StraightBro
                                                                                                                                                                                    • Aug 2003
                                                                                                                                                                                    • 56228
                                                                                                                                                                                    #145
                                                                                                                                                                                    All USA Paxum personal accounts will be closed at 10:01 AM ET time today that's 45 minutes from right now!!!


                                                                                                                                                                                    Skype: CallTomNow

                                                                                                                                                                                      Comment

                                                                                                                                                                                      • Bladewire
                                                                                                                                                                                        StraightBro
                                                                                                                                                                                        • Aug 2003
                                                                                                                                                                                        • 56228
                                                                                                                                                                                        #146
                                                                                                                                                                                        Less than 30 minutes folks and your personal USA Paxum accounts will be closed hurry and get your affairs in order!


                                                                                                                                                                                        Skype: CallTomNow

                                                                                                                                                                                          Comment

                                                                                                                                                                                          • Bladewire
                                                                                                                                                                                            StraightBro
                                                                                                                                                                                            • Aug 2003
                                                                                                                                                                                            • 56228
                                                                                                                                                                                            #147
                                                                                                                                                                                            15 minutes left folks and all USA personal Paxum accounts are closed!!


                                                                                                                                                                                            Skype: CallTomNow

                                                                                                                                                                                              Comment

                                                                                                                                                                                              • Fat Panda
                                                                                                                                                                                                Porn is Dead. Move along.
                                                                                                                                                                                                • Aug 2006
                                                                                                                                                                                                • 13296
                                                                                                                                                                                                #148
                                                                                                                                                                                                hip hip hooray

                                                                                                                                                                                                  Comment

                                                                                                                                                                                                  • Bladewire
                                                                                                                                                                                                    StraightBro
                                                                                                                                                                                                    • Aug 2003
                                                                                                                                                                                                    • 56228
                                                                                                                                                                                                    #149
                                                                                                                                                                                                    All USA Paxum personal accounts are now officially closed folks!


                                                                                                                                                                                                    Skype: CallTomNow

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                                                                                                                                                                                                      • NickBaer
                                                                                                                                                                                                        Nick Baer
                                                                                                                                                                                                        • Jun 2005
                                                                                                                                                                                                        • 1393
                                                                                                                                                                                                        #150
                                                                                                                                                                                                        I upgraded to Business on Wednesday. Closed the Personal account, and moved the username to the Business account on Thursday. So I don't need to do nothing with all of my Affiliate accounts.
                                                                                                                                                                                                        Made my first porno in 1986. Sold my first VHS in 1993. Did my first live Cam in 1994. Coach-Karl.com NickBaerGallery.com I host with MojoHost.com and To Buy or Sell Sites Imagine AI Content

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