Paxum closed my account

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  • brassmonkey
    Pay It Forward
    • Sep 2005
    • 77396

    #31
    Originally posted by cosis
    https://paxumbank.com/

    My guess is a lot of people will be introduced to it soon
    a bank in dominica
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    Comment

    • EddyTheDog
      Just Doing My Own Thing
      • Jan 2011
      • 25433

      #32
      Originally posted by brassmonkey
      a bank in dominica
      I don't like the sound of that at all - Ruth is great but you need about a thousand more of her to run a bank...

      Comment

      • brassmonkey
        Pay It Forward
        • Sep 2005
        • 77396

        #33
        Originally posted by EddyTheDog
        I don't like the sound of that at all - Ruth is great but you need about a thousand more of her to run a bank...
        https://www.forbes.com/2010/07/26/of...bert-wood.html
        TRUMP 2026 KEKAW!!! - The Laken Riley Act Is Law!
        DACA ENDED - SUPPORT AZ HCR 2060 52R - email: brassballz-at-techie.com

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        • RuthB
          Let's Get Paxumized!
          • May 2005
          • 7248

          #34
          We are introducing some new services/features to Paxum.com (such as the ability to accept 3rd party payments and issue 3rd party payments, IBAN EUR accounts, etc). Paxum.com cannot offer some of those services to clients from certain jurisdictions, therefore those clients will need to be switched to Paxum Bank so they can enjoy the same features as other Paxum.com clients.

          Paxum Bank and Paxum.com are fully integrated with each other. Clients will be able to instantly send and receive P2P payments (to other account-holders) between Paxum Bank and Paxum.com, and vice versa.
          Send & Receive Mass Global Payments - Mass P2P/Wire/EFT/SEPA - Adult Industry Friendly - Award Winning Payment Service - Fast, Reliable & Secure!
          Paxum ...... Paxum Bank
          Email: [email protected] ~ Telegram: PaxumRuth

          Comment

          • cosis
            Confirmed User
            • Aug 2001
            • 5291

            #35
            Which jurisdictions? So far South Carolina and Virginia?

            Comment

            • RuthB
              Let's Get Paxumized!
              • May 2005
              • 7248

              #36
              Originally posted by brassmonkey
              a bank in dominica
              Dominica is a beautiful location, and part of the Commonwealth of Nations (formerly the British Commonwealth). There's nothing wrong with that.

              It is not illegal for a US Citizen to have a bank account outside of the United States. US citizens are entitled to have money and investments anywhere in the world as long as foreign accounts are disclosed. Clients would naturally have to report the account to the IRS, and Paxum Bank will remind its US clients which reports need to be filed, and when they are due.

              Originally posted by EddyTheDog
              I don't like the sound of that at all - Ruth is great but you need about a thousand more of her to run a bank...
              Thanks, but I'm just one cog in this great Paxum machine. We have a lot of really good people working hard every single day to serve our customers needs and provide a reliable, secure and easy-to-use payment service.
              Send & Receive Mass Global Payments - Mass P2P/Wire/EFT/SEPA - Adult Industry Friendly - Award Winning Payment Service - Fast, Reliable & Secure!
              Paxum ...... Paxum Bank
              Email: [email protected] ~ Telegram: PaxumRuth

              Comment

              • shiraz9944
                Confirmed User
                • Jan 2002
                • 567

                #37
                Agreed, we deserve to know which jurisdictions are going to have this occur, and to do it without prior notice? That is just horrible business.

                Comment

                • shiraz9944
                  Confirmed User
                  • Jan 2002
                  • 567

                  #38
                  So what is a company like Apple going to do with a quarter TRILLION in Irish Bank Accounts to keep their effective tax rate near zero?

                  Comment

                  • JohnnyNight
                    Confirmed User
                    • Jun 2012
                    • 484

                    #39
                    Happened to me too... I'm in the U.S.

                    Yeah the Paxum Bank is basically the same as Paxum.com.. ACH rates 8.95 rather 5.00 though..

                    But applying for the bank account is more involved.. More docs required and entire application needs to be sent in, can't apply online...

                    Comment

                    • Brian mike
                      #Alberta51
                      • Oct 2014
                      • 8735

                      #40
                      Deja vue scheme

                      Payoneer >>>>> first choice pay

                      Paxum >>>> paxum bank


                      Which wallet is next ?

                      epayment too ? >>> ???

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                      DM me

                      Comment

                      • Barry-xlovecam
                        It's 42
                        • Jun 2010
                        • 18083

                        #41
                        https://www.irs.gov/businesses/incom...oad-is-taxable

                        This only applies to US persons. Not legal advice and not tax advice.

                        Look up 'income repatriation' regarding Apple

                        Did you know ACH from at US banks costs $0.28 to as little as $0.18 for commercial accounts. ACH is free at my personal bank for limited volume (as a personal account). Incoming wires are no fee on my personal account. SEPA/EFT is a bit more. I have a pdf from a bank in Ireland that charges 0,55 € for a EFT. Bank fees are really a blind item these days.

                        Comment

                        • onwebcam
                          Fake Nick 1.0
                          • Oct 2005
                          • 27689

                          #42
                          Originally posted by Oracle Porn
                          Now that they have their own bank they can even finance a movie.
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                          Comment

                          • ZENRA
                            Confirmed User
                            • Sep 2016
                            • 655

                            #43
                            Originally posted by RuthB
                            We are introducing some new services/features to Paxum.com (such as the ability to accept 3rd party payments and issue 3rd party payments, IBAN EUR accounts, etc). Paxum.com cannot offer some of those services to clients from certain jurisdictions, therefore those clients will need to be switched to Paxum Bank so they can enjoy the same features as other Paxum.com clients.

                            Paxum Bank and Paxum.com are fully integrated with each other. Clients will be able to instantly send and receive P2P payments (to other account-holders) between Paxum Bank and Paxum.com, and vice versa.

                            Hi Ruth,

                            Does Paxum Bank allow adult businesses in USA to create accounts there? I know Paxum has won many an adult industry award, but could you officially state on record that adult businesses are allowed? It'll probably give me and many others some peace of mind knowing that if we did open an account there, the chances of it being shut down for 'reputational risk' would be minimal.

                            Thank you.
                            ZENRA | Subtitled Japanese AV | @ZENRAMANIAC
                            JAV VR Content Manager at SexLikeReal

                            Comment

                            • Paul Markham
                              Too old to care
                              • Jun 2001
                              • 52942

                              #44
                              Originally posted by RuthB
                              Thanks, I've replied to your email. Your account has been reopened.

                              Ruth
                              Drama over, nothing to see here.



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                              Comment

                              • CPA-Rush
                                small trip to underworld
                                • Mar 2012
                                • 4927

                                #45
                                Originally posted by RuthB
                                We are introducing some new services/features to Paxum.com (such as the ability to accept 3rd party payments and issue 3rd party payments, IBAN EUR accounts, etc). Paxum.com cannot offer some of those services to clients from certain jurisdictions, therefore those clients will need to be switched to Paxum Bank so they can enjoy the same features as other Paxum.com clients.

                                Paxum Bank and Paxum.com are fully integrated with each other. Clients will be able to instantly send and receive P2P payments (to other account-holders) between Paxum Bank and Paxum.com, and vice versa.
                                checks, no?

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