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Old 06-16-2011, 08:01 PM   #1
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Paxum, take a note...

TechCrunch: Payments Service Dwolla Hits $1M A Week In Transactions

Cheap transactions and most importantly this influx is due to Bitcoin users moving funds in and out of bitcoin exchanges.

other than sexy $0.25 transaction fee their ACHs on par with Paypal - around 3 business days.


if you can improve your ACH speed and hookup with bitcoin exchanges - you will be golden
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Old 06-16-2011, 08:03 PM   #2
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If Paxum were to integrate bitcoin I'd get a card/account from them...
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Old 06-16-2011, 08:07 PM   #3
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thanks for the tip holograph...

In case you didn't know, it doesn't actually cost anything for Paxum clients to receive funds from other Paxum users...
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Old 06-16-2011, 08:19 PM   #4
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Paxum. What bank do you actually keep account balances in?
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Old 06-16-2011, 08:22 PM   #5
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Paxum. What bank do you actually keep account balances in?
I can tell you who they are NOT keeping account balances with
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Old 06-16-2011, 08:27 PM   #6
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Paxum rocks.
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Old 06-16-2011, 08:39 PM   #7
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thanks for the tip holograph...

In case you didn't know, it doesn't actually cost anything for Paxum clients to receive funds from other Paxum users...
I didn't know that, I was under impression each transaction cost me $1. I'm business account holder.

back to the topic, another lucrative business model maybe bitcoin exchange service (monthly subscription plans or per transaction)
this is very very young market, there are risks, but there may be also good opportunities. I know i won't ever pull off exchange by my self, not any time soon i mean, I may have technical know how, but in terms of getting all legal, exchange licences etc that is out of my reach for now. if there is a possibility to get legit exchange going in North America, where users can more or less quickly, and safely invest in Bitcoins especially with USD it could give very nice boost to the Bitcoin project and bring a lot of mainstream players in.
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Old 06-16-2011, 08:53 PM   #8
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I'd have to reconsider my use of Paxum if they got involved with bitcoin.. Anyone that doesn't think various governments and le agencies aren't going to be going after it are deluding themselves.

It's just getting started..

http://venturebeat.com/2011/06/08/go...wn-on-bitcoin/
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Old 06-16-2011, 09:23 PM   #9
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I'd have to reconsider my use of Paxum if they got involved with bitcoin.. Anyone that doesn't think various governments and le agencies aren't going to be going after it are deluding themselves.

It's just getting started..

http://venturebeat.com/2011/06/08/go...wn-on-bitcoin/
might as well ban cash
I think you've missed where I said if there is possibility of doing it legit - otherwise it will be pain dumb move.

btw main exchange MTGox announced that they will work and cooperate with federal agents in tracing these drug transactions, bitcoin does not equal silkroad.
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Old 06-16-2011, 09:26 PM   #10
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yeah great idea bring heat on and possibly destroy a working system like paxum by associating it with bitcoin. no thanks.
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Old 06-16-2011, 09:28 PM   #11
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I didn't know that, I was under impression each transaction cost me $1. I'm business account holder
We do not charge any of our clients to RECEIVE funds to their Paxum account. The fee is always charged to the sender of the funds.

Quote:
Originally Posted by Tempest View Post
I'd have to reconsider my use of Paxum if they got involved with bitcoin.. Anyone that doesn't think various governments and le agencies aren't going to be going after it are deluding themselves.

It's just getting started..

http://venturebeat.com/2011/06/08/go...wn-on-bitcoin/
Paxum is a progressive and fast-growing company. Our number one priority is the security of our clients; their funds and their confidential information. In fact, since we launched our service we have implemented numerous security enhancements to provide our clients with maximum account protection and security.

Before implementation can even be considered for a new update, tool, or feature, we will always take the necessary time to research and evaluate for potential risk. We ONLY add those features/tools/services that are deemed beneficial, meet our guidelines, and have been determined to be secure and non-threatening to our customers and system.

Please rest assured that we will never "jump on the bandwagon" to 'grab' new clients.
That is simply not how we operate.

Our mission is to provide a customer-friendly, low-cost, versatile and secure service that enables our clients to send and receive money online to anyone, anywhere in the world, as well as access their funds quickly and easily in a variety of ways.
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Old 06-16-2011, 09:35 PM   #12
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Paxum. What bank do you actually keep account balances in?
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Old 06-16-2011, 09:46 PM   #13
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We do not charge any of our clients to RECEIVE funds to their Paxum account. The fee is always charged to the sender of the funds.



Paxum is a progressive and fast-growing company. Our number one priority is the security of our clients; their funds and their confidential information. In fact, since we launched our service we have implemented numerous security enhancements to provide our clients with maximum account protection and security.

Before implementation can even be considered for a new update, tool, or feature, we will always take the necessary time to research and evaluate for potential risk. We ONLY add those features/tools/services that are deemed beneficial, meet our guidelines, and have been determined to be secure and non-threatening to our customers and system.

Please rest assured that we will never "jump on the bandwagon" to 'grab' new clients.
That is simply not how we operate.

Our mission is to provide a customer-friendly, low-cost, versatile and secure service that enables our clients to send and receive money online to anyone, anywhere in the world, as well as access their funds quickly and easily in a variety of ways.

Rush, no disrespect or anything

> Please rest assured that we will never "jump on the bandwagon" to 'grab' new clients.

when Epass fell, that's what exactly happened, Paxum jumped in although it wasn't fully ready at the time, but you pulled it off
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Old 06-16-2011, 09:54 PM   #14
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Paxum. What bank do you actually keep account balances in?
This has been answered many times before. Please do a search.

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Rush, no disrespect or anything

> Please rest assured that we will never "jump on the bandwagon" to 'grab' new clients.

when Epass fell, that's what exactly happened, Paxum jumped in although it wasn't fully ready at the time, but you pulled it off
None taken of course holograph.

In actual fact though, Paxum was incorporated in 2007, well before the fall of epassporte.

When epassporte developed issues, Paxum was at a full enough stage of completion that yes, we were able to seize the opportunity presented to us and we launched in order to fill the void that was created.

Personally I believe there is a difference.
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Old 06-16-2011, 10:13 PM   #15
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I am a Payonner user. A few weeks ago I signed up to Paxum and now I'm waiting for my card. When I get the card, I will start to use Paxum. Both Paxum and Payoneer are good for me.
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Old 06-17-2011, 12:21 AM   #16
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I'd have to reconsider my use of Paxum if they got involved with bitcoin.. Anyone that doesn't think various governments and le agencies aren't going to be going after it are deluding themselves.

It's just getting started..

http://venturebeat.com/2011/06/08/go...wn-on-bitcoin/
Reuters: Bitcoin exchanges offer anti- money-laundering aid
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Old 06-17-2011, 12:24 AM   #17
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I can't believe so many people appear to be taking this bitcoin stuff seriously.
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Old 06-17-2011, 12:28 AM   #18
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I can't believe so many people appear to be taking this bitcoin stuff seriously.
I am actually thinking of intergrating Bitcoin along with a mobile solution into one of my mainstream game sites
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Old 06-17-2011, 01:46 AM   #19
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Paxum rocks.
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Old 06-17-2011, 01:50 AM   #20
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Old 06-17-2011, 01:56 AM   #21
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I love paxum but sometimes they are trying to irritate their customer, what are the use of these people who is in this forum if they keep saying "Send request to [email protected]" why they can't do it like michael o in ePass before?
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Old 06-17-2011, 02:51 AM   #22
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If Paxum were to integrate bitcoin I'd get a card/account from them...
word.
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Old 06-17-2011, 03:46 AM   #23
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They do support requests so they can track issues better. I can't believe someone is asking why they can't be more like a defunct payment solution.
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Old 06-17-2011, 04:42 AM   #24
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This has been answered many times before. Please do a search.
Bad answer.

Foolish approach.

Major fail
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Old 06-17-2011, 05:28 AM   #25
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I love you, Paxum ...
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Old 06-17-2011, 05:37 AM   #26
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I love paxum but sometimes they are trying to irritate their customer, what are the use of these people who is in this forum if they keep saying "Send request to [email protected]" why they can't do it like michael o in ePass before?
v_rocks pointed out one reason below. Many other reaons aswell that we have a ticket system in place - rather than just using icq.If you want - i can open a ticket for you tho and CC you on it.

Michael never had access to personal account info at epass. He put you in touch with who needed to handle you.


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They do support requests so they can track issues better. I can't believe someone is asking why they can't be more like a defunct payment solution.
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Old 06-17-2011, 07:30 AM   #27
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What happens!?
Why all paxum users get new "Transaction Approval Codes" and have to change password!?
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Old 06-17-2011, 07:35 AM   #28
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What happens!?
Why all paxum users get new "Transaction Approval Codes" and have to change password!?
Because Internetz Security is serious bidnis.
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Old 06-17-2011, 08:17 AM   #29
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Because Internetz Security is serious bidnis.
Wut hi sed
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Old 06-17-2011, 08:27 AM   #30
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if paxum even considers associating itself with something that is going to be on the end the hammer of the law any day now they deserve to go down.
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Old 06-17-2011, 08:33 AM   #31
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why do people like bitcoin so much?
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Old 06-17-2011, 08:37 AM   #32
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why do people like bitcoin so much?
the latest geeky toy for libertarians, goldbugs, ron paul fans and conspiracy theorists to play with.
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Old 06-17-2011, 08:43 AM   #33
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if paxum started to deal with bitcoin, i would think it was on the same level as epassporte dealing with the poker places. it's the first step towards failure.
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Old 06-17-2011, 08:49 AM   #34
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if paxum even considers associating itself with something that is going to be on the end the hammer of the law any day now they deserve to go down.
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if paxum started to deal with bitcoin, i would think it was on the same level as epassporte dealing with the poker places. it's the first step towards failure.
Please read my earlier reply:

Paxum is a progressive and fast-growing company. Our number one priority is the security of our clients; their funds and their confidential information. In fact, since we launched our service we have implemented numerous security enhancements to provide our clients with maximum account protection and security.

Before implementation can even be considered for a new update, tool, or feature, we will always take the necessary time to research and evaluate for potential risk. We ONLY add those features/tools/services that are deemed beneficial, meet our guidelines, and have been determined to be secure and non-threatening to our customers and system.
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Old 06-17-2011, 09:46 AM   #35
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why do people like bitcoin so much?
OPPORTUNITY

where would you be if it wasn't for opportunity of your ancestors? there would be no Toronto and Canada today as we know it.


Current establishments are failing politically, economically and financially.
I cannot speak for all people why do they like Bitcoin.
I see Bitcoin as a brilliant concept with potential in the future. it may fail, it may be outlawed or it may propel us into the 21 century.

My personal appeal is low cost transactions and effective transit. I payed hefty sum of money last year in fees to banks, paypal, western union and such. To send a wire it cost me $40 plus costs on the receiving side, then I have to spend my time to get to branch, and then wait till they send it. Paypal and WU take 3-4% for my business. WU banned me from their system because fuckers don't understand what is online internet business like web design, they think I must know all my clients in face. Paypal - you never know when your account going to be shutdown because someone you have dealt with in the past may get their and your account frozen, plus it takes time to get money in and out of system and same with other online wallet systems. Why would I want to send wire to online wallet system to pay $50dollars on top of my $40 dollars for a wire, or send ACH and wait 2 weeks till it gets there, if i can send wire directly for instance?
so.. i discovered bitcoin which with wider adaptation may reduce my costs and time spend in paying all those fees and praying my accounts/funds don't get frozen (and i'm being white hat).

did I say economies are failing? can you be sure your dollars can by same things tomorrow as it does today? who or by what the dollars is backed and guaranteed? government? fairy tail - but they can print more!
if it wasn't for all of such problems where wouldn't be Bitcoin in existence.
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Old 06-17-2011, 10:31 AM   #36
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bitcoin is great for micro payments, which can be applied almost for anything on the web, ppv, pod, digital goods, small memberships, wait until it goes mobile to mobile being able to send bitcoins from one smartphone to another directly - this will open up many new opportunities
and there are no chargebacks
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Old 06-17-2011, 10:43 AM   #37
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bitcoin is going to legitimize itself more with govts imo, and its going to get bigger.

we will see many adult sites offering bitcoin over the next year along with mainstream.

its in its infancy now, and as any fledgling concept it will go through its birthing pains but its going to be huge.

on edit, its already huge, it will get huger;)
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Old 06-17-2011, 11:25 AM   #38
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Bitcoin is joke,try to withdraw bigger amount and will see will you able to do that.
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Old 06-17-2011, 11:28 AM   #39
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Bitcoin

What a crock of shit
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Old 06-17-2011, 12:23 PM   #40
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Bitcoin is joke,try to withdraw bigger amount and will see will you able to do that.
I've heard if you do identification/validation thing they can raise your limits. That didn't work out for you?
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Old 06-17-2011, 12:25 PM   #41
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I am going to laugh my ass off when BitCoin gets crushed and the GFY rage machine ensue's. There is no way governments will let it proceed for long.
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Old 06-17-2011, 12:32 PM   #42
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I am going to laugh my ass off when BitCoin gets crushed and the GFY rage machine ensue's. There is no way governments will let it proceed for long.
I won't rage, lol maybe a little. But do you honestly think if governments outlaw Bitcoins, everybody will stop using them? war on drugs and 1930s prohibition - how did that go?
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Old 06-17-2011, 12:36 PM   #43
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i see alot of scared roastbeefed yupping vagina's. government did a great job becoming your spoon feeding big nanny. congrats!
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Old 06-17-2011, 12:36 PM   #44
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i see alot of scared roastbeefed yupping vagina's. government did a great job becoming your spoon feeding big nanny. congrats!
Don't get mad. We are trying to help you.
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Old 06-17-2011, 12:39 PM   #45
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Don't get mad. We are trying to help you.
go invent brains for once ;)
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Old 06-17-2011, 12:39 PM   #46
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I am going to laugh my ass off when BitCoin gets crushed and the GFY rage machine ensue's. There is no way governments will let it proceed for long.


I would guess this whole bitcoin bs is going to turn into a giant shit storm. One way or another.
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Old 06-17-2011, 12:47 PM   #47
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i see alot of scared roastbeefed yupping vagina's. government did a great job becoming your spoon feeding big nanny. congrats!
if you can see how one can support alternative currencies and also think bitcoin has a lot to be desired you are just as brainwashed as the "sheep" you mock.

expand your mind.
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Old 06-17-2011, 12:59 PM   #48
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if you can see how one can support alternative currencies and also think bitcoin has a lot to be desired you are just as brainwashed as the "sheep" you mock.

expand your mind.
you speak nonce, my friend.
I point to the opportunity and warn not to jump blindly. and yes like with anything new there are always risks involved and things to be desired about which one should be aware and consider before jumping in. me staying reasonable and cold headed about it - if that's definition of a brainwashed sheep, that's fine by me.
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Old 06-17-2011, 01:01 PM   #49
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Why does it seem my Teen Revenue and Rage Cash payments get to me on Paxum after everyone else already got their checks in the mail and wires?
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Old 06-17-2011, 01:02 PM   #50
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I would not tie any US bank accounts to any bitcoin transactions.

It's going to be very interesting to see where bitcoin ends up, I'd be very careful. The US government usually do not like to deal with any uncontrolled "currencies"
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