Thread: Hot or Not Paxum? Finally now? )))
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Old 12-23-2018, 08:02 AM  
AdultKing
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Join Date: Jun 2003
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If Paxum wanted people who couldn't withdraw to get their money then they could just offer to send a cheque for the remaining balance and close out the account.

But they won't do that because they use factoring, which means they don't actually hold as much money as is reflected in all accounts. If every Paxum user tried to withdraw their money at the same time Paxum would go the way of ePassporte before even half the account holders cashed out.

It's a scam.
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