Hi Magnetron,

When you request a check withdrawal from Paxum we issue the check in USD. Therefore, you should have absolutely no problem cashing it in your US checking account.

Thanks,
Ruth :)

That's great news. Some of us appreciate a simple, hassle free way of sending and receiving funds. Thanks, Ruth.

Fucking brilliant

so the last email i got from you guys saying i have to pay fees for this year and my dl expires soon i wont be able to use it but your still going to charge me

i've never had any of these problems...

Ruth failed to answer my questions, so I am going to ask them again.

By the way Ruth, it's disingenuous to suggest that the people asking questions don't have accounts with Paxum when in fact they do - I amongst them. I don't like the suggestion that as customers we have no right to know about the service we are using.

1. What ID is acceptable from Australians ?

2. The agreement / terms of service on the website refers to Paxum Belize. In that case under what jurisdiction are accounts governed ? Canada or Belize or Romania or a combination of all three ?

3. If the accounts of account holders are governed by Canadian law then why isn't Canada mentioned on the terms of service ?

4. In what jurisdictions are the copies of everyone's ID's and documents held and examined ?

Please answer these questions, the fact that you haven't so far is alarming, the fact that you have chosen to suggest those people asking them don't have accounts with Paxum is bordering on outright lies - so don't think that lying is the way to resolve these questions, be up front and answer them.

Let's be clear on Jurisdiction - the normal terms (not the card terms) say this:

Yet Ruth (who is beginning to look dishonest in my opinion) claims everything is covered by the Canadian authorities. If that is so why isn't Canada mentioned in the standard terms and conditions ?

One must wonder if there are any potential legal or criminal repercussions for taking someone's money when they entrust it to you in one jurisdiction and you move it to another without their consent.

For instance, when I was a property manager, I could not take rent escrow funds and decide to send them offshore one day. Tenants would have had my ass in court so fast and I'm sure some government agencies would have been looking into me as well, as they were not my funds to decide to do that with.

We've always known, and consented to the fact that when you move the money to your card it goes offshore to fund it. That was never the case with wallet funds and they made no advance announcement that they were moving peoples funds to another jurisdiction, governed by different laws than all parties previously mutually agreed to.

Of course, it's impossible to get a straight answer out of them of where wallet funds are.

The other day I was reading about how Belize is a favorite money destination for ponzi schemers due to how incredibly hard it is to get your money back, even in cases of clear fraud. Not saying Paxum is a ponzi scheme, but it is alarming that wallet funds could be held in an account where it would almost be impossible to get you money back out of -- even from the courts.

This should be Paxum's new logo and their slogan should be "Where is your money today?™"

http://i.imgur.com/1W15Z4A.jpg

Guys if you are not happy about having a card from Belize just get yourself a bank account where you live and ask to be paid by check or wire. You can also use Payoneer.... ah sorry they use the same bank forget about it.

I live in Canada and I have a business bank account which I can deposit 5k USD per day without any hold no matter where's the check is come from. They don't charge me extra if the check is from Canada, USA, Europe etc....

I probably have the best BUSINESS relationship with my bank (and I don't even know personally anybody that work there) from all people that I know and guys I can tell you this:

Nobody in 2013 can walk into a canadian bank and say: Hey I would like to open a company that will issue Mastercard or Visa Card to anybody in the world that will send me some ID scanned and that I will probably NEVER meet in person and they will be able to exchange money between themself. Also most of the business will be comming from the adult industry.

Now if 1 person here from Canada know one of thoses banks here that will allow it I'm sure paxum staff will be happy to meet them but I know it's impossible. I know lot of people into the check cashing business and just for that it's a headache to open a bank account in Canada so walking in a bank and say: 'mastercard, adult industry, exchanging money and not meeting clients face to face' you are out!

If guys are not comfortable with a sponsor what you do? Switch to another one? Well if you don't like Paxum terms to do business with them switch to something else... that's it... and if you can't afford waiting a check in the mail for 1-2 week and a hold switch to wire and if you don't make enough to get a wire well you are not doing business but it's just a sideline for you!

:2 cents:

Thanks to RuthB
Got it all sorted for me awesome support

How fucking sickening.

Pure lies

Thank you for your completely off topic rant.

The question isn't about the cards, but wallet funds, which were previously held in Canada. They even boast of being a regulated money services business in Canada, but not their official HQ is Belize and wallet funds are held god knows where. If you go by their terms, it is Belize.

So you talk about how great Canada is and the point is everyone thought their wallet funds were held there.

In fact, one of the selling points after Epass was keep your wallet funds safe is Canada and only transfer what you need to your card if uncomfortable.

BTW, the card bank did no wrong in Epass. People got their money. Mallick made off with the wallet funds, which were held offshore and not in a first world country.

Get the difference now?

I dont know where you are getting that info from that everyone in Europe have a national ID provided because we dont :helpme

Here in Brazil we have several kinds of IDs, but all of them are valid in Brazil only.

The only international ID we have is the passport.

So that's why they request the passport - because it is the only "legal and valid everywhere" ID you can have. The others are just valid inside your country.

Yes, it is expensive and a pain in the ass to make a passport here, but I did because it's a must for us as international webmasters, plus I'll need to travel soon.

There's a BIG difference between being a regulated money service business and be a company under the Canada Deposit Insurance Corportation:
http://www.cdic.ca/home/Pages/default.aspx

and EVEN if they would be under it your money would not be covered because:
http://www.cdic.ca/Coverage/Pages/default.aspx

CDIC does NOT insure any accounts or products in U.S. dollars or other foreign currency.

CDIC does NOT insure any accounts or products held in banks or other institutions that are NOT CDIC members.

Even if the wallet money is held in Canada or not in my personal opinion there's would be no difference at all because in no way your money would have been protected. It's bring back to my initial post that you figured it was off topic and the main idea of it was if you don't feel comfortable to do business with somebody find somebody else that's it!

Get the difference now?

Now I understand why there are American flags on every corner of the street...

So you guys know when to pull your pasport OR turn around when the flags are gone...

I'm still waiting for an answer to my questions.

That doesn't make any sense, stop being ignorant.

Who said anything about money being insured?

You're all over the place trying to be right while still missing the point.

Let me pose it this way... a company with a Canadian owner makes off with your funds that you entrusted with him in Canada. Pretty easy lawsuit, right?

A guy opens a company in Belize (that could have nominee shareholders and directors) that makes it owned a Belize trust (that could also be secretive), where he is the beneficiary. He runs off with your money. Guess what happens? You might get it back if you're very lucky and feel like spending a shit load of money to possibly get nowhere due to the strength of Belize trusts.

Just for shits and giggles, this is directly from the website of Choice Bank:

http://choicebankltd.com/about/whybelize.php

Never mind that you're completely ignoring that the company is clearly lying about one or more things.

What's would stop the owner in Canada walk to the Canadian bank and send wires transferts to 1 or many companies he created out of the country (let's say belize, HK, panama, etc...) then just close the business? What would stop them to do so? Even if you entrusted the money in Canada with a Canadian and you want sue him and he have no asset in Canada you will have a nice judgement (probably by default) and gonna do what? You think that someone who want do it gonna have asset under his name when he gonna pull the plug?

If they are lying about the Canadian-Belize thing it's a different story... It's obvious to me that if the card are issued in Belize (mean the transactions are done over there) it's should be the belize law that should apply like it's probably same with payoneer. Of course it's look fishy that they don't want answer your questions about it directly in this thread.

In my opinion I think that when they say their operation are covered by Canadian authorities it's the % of operation that are done from here. Which is in a certain way 'ok' because they could have done all that setup and not notify them. Look like they 'played with the words' into their marketing and that is not a good thing. I think that they should make a clear statement that yes Paxum is partly operated from Canada but if there's any legal dispute it should be done with the incorporation based in Belize. :2 cents:

Paxum are STILL avoiding the questions I and others have asked.

As usual, you ask the right questions. So bump for answers.

Still waiting for answers to the questions Ruth & Paxum would like to avoid answering.

Bump for AK.

I can explain why they are in Quebec at least. It doesn't have common law.

You can lie and lie and lie over the phone (probably the Internet too) and it isn't fraud like it is in all of the other provinces in Canada. :2 cents:

Also, bump for answers.

And still be in Canada.. dont you want to go to a desert? rain forest? Visit some of the historic cities of the world? damn, must be boring being you!

Most 'euros' dont need a passport either and they can travel a hell of a long way.
I think the southern tip of Portugal up to northern Sweden is probably as long a trip as coast to coast Canada, dont need a passport for it, an id card is fine.

Yet still people ge a passport to travel further.