Paxum? Finally now? )))
Uno:
Hi our dear friend,
I hope you are having a great week so far. Unfortunately, I am messaging you with some bad news. As you may have already heard Paxum has ceased US banking. Because of this, we are unable to send payments through Paxum going forward.
We've updated our COB form and set up a new policy allowing for expedited check mailing (with an increased minimum payout) at no cost to you. We know that cashing US checks outside of the States can get pretty costly, so we're trying to make that as painless as possible. Please complete the attached COB form and let me know if you have any questions.
Thanks,
Daniel
Dos:
Paxum Inc has been informed by their temporary card issuer Trucash that FIS decided to restrict Trashcash-issued Paxum card usage in Russia, Ukraine and Belarus. This decision was made by FIS due to certain OFAC sanctions in those countries and regretfully Paxum was given no notice or choice in the matter. Cardholders can continue to use the Paxum card in other countries however transactions in Russia, Ukraine and Belarus are now restricted.
"We are shocked that this has happened, and we would like to reassure Paxum card-holder clients in Russia, Ukraine and Belarus that any funds currently loaded to their Trucash card will be fully returned to their main Paxum account so that alternative withdrawal options can be used. We will also be refunding the annual fee, pro-rated.” said a company spokesperson. “We will be looking into additional withdrawal options for clients in these countries as an urgent priority.” We are advising every affected user to use instead withdraw by external card to their own bank Mastercard issued card.
There is no need for affected Paxum clients to contact Paxum to receive the annual fee refund or reconciliation of their account funds as this process will be automatically performed by Paxum. In the meantime, existing alternative withdrawal options are fully functional and Paxum clients in Russia, Ukraine and Belarus can continue to withdraw funds by Wire Transfer to their local bank account or by Withdrawing to an External Master Card Credit Card."
Paxum.com Team.
Paxum Inc.
3484 Des Sources Blvd., suite 205, Dollard-des-Ormeaux, Quebec, H9B 1Z9, Canada
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