03-06-2018, 08:22 AM
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Confirmed User
Industry Role:
Join Date: Apr 2004
Posts: 5,721
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Quote:
Originally Posted by k0nr4d
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Quote:
PAXUM IS NOT A BANK
PAXUM IS NOT A BANK. ANY FUNDS IN A USER’S EWALLET SERVICES ACCOUNT ARE HELD BY PAXUM IN A COMMERCIAL BANK ACCOUNT AT A FINANCIAL INSTITUTION. IN THE EVENT OF A FAILURE OF SUCH INSTITUTION, PAXUM’S FUNDS AVAILABLE TO REPURCHASE YOUR PAXUM DOLLARS WILL NOT NECESSARILY BE INSURED. NONETHELESS, TO THE EXTENT POSSIBLE, PAXUM SHALL USE THE BENEFIT OF ANY AVAILABLE BANK-REGULATOR INSURANCE IN ORDER TO SECURE FUNDS FOR THE BENEFIT OF USERS.
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https://www.paxum.com/legal/ewallet-terms-of-use/
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