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Obey the Cowgod -
It's probably more to cover their own butts (and those further up the chain) in case something really bad points back to them. I don't think anyone could accuse Paxum of a cursory glance and a rubber stamping of a new account application... I had my docs rejected 3 times...Comment
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WTF!? This just happened to me as well. I went to sign into my Paxum account and it had me update my password which it seems to do every 6 months or so. I chose a new password and then entered in the authorization key that Paxum sent via email to complete the password change request. After that when I tried to sign in I received an Error message that said
Errors :
This Account is closed.Comment
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Where are you located? Asking because I will be curious to see if you are in the same state as other to who this happened...
Ruth will probably re-open it for 30 days if you email her giving you time to switch to Paxum Bank.
Whoever at Paxum decided to close all these accounts without even informing their owner is nothing else than an idiot and I hope Ruth will tell him/her...Comment
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It does put one in a bind when expecting payments and your account is suddenly closed.Comment
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Yeah, we are going to need some clarity from Paxum about what is gping on here.Offering sponsored blog posts and custom writing services.Comment
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Am i reading this right? For a personal account the minimum deposit is 10K and for a business its 50K? If it's right the average webmaster wont be able to open one...
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I am a huge online privacy advocate and know trying times are ahead for us all, and we all will have to work hard together in the future to maintain our rights in the adult industry online, and the right to privacy of our customers, likely all of us having to go underground in the future and use anonymous networks, banking, etc.
Some people have no issues banking with anonymous entities, others do have issues with it, others don't know much about it. People use anonymous banking for a lot of very valid reasons.
I'm providing the following info as knowledge for the community, not as judgement or a negative, just a resource for anyone who doesn't know, to make an informed decision when it comes to your banking.
Paxumbank.com
Host for Paxumbank.com, Iceland:
Advania/ThorDC
Advania/ThorDC has an exit note for Thor, the anonymous surfing network , and is also hosting the Thor datacenter, with Aivars Burtnieks as their managing director for Latvia.
Note: the IP for paxumbank.com means that's the ending point for data that could be served to it from anywhere in the world.
SSL for Paxumbank.com
Paxumbank.com has the free, anonymous, SSL from Let's Encrypt Authority X3.
Here is some data on the paxumbank.com SSL Certificate.
Paxumbank.com Whois
Paxumbank.com is privately registered.
Paxumbank.com Nameservers
Paxumbank.com nameservers are hidden to the public behind cloudflare
Paxum Bank licensing
Paxum bank was licensed in July, 2017 with the Commonwealth of Dominica with Galeine Gordon as their business contact.
There are 13 offshore banks currently licensed by the commonwealth with 1 in liquidation, and 5 with their licenses revoked.
Paxum has a long history here of paying people and getting things done when there's a kink in the road so I'm assuming Paxum Bank wont be any different if it's run by the same group of people.
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WHOIS for the domain paxumbank.com has details hidden, but WHOIS for the IP range that paxumbank.com currently points to doesn't:
inetnum: 82.221.74.96 - 82.221.74.111
netname: IS-PAXUM_BANK
org: ORG-PB124-RIPE
country: IS
admin-c: ROM22-RIPE
tech-c: ROM22-RIPE
status: ASSIGNED PA
mnt-by: MNT-ADVANIA
created: 2017-02-22T14:18:32Z
last-modified: 2017-06-22T10:51:51Z
source: RIPE
organisation: ORG-PB124-RIPE
org-name: Paxum Bank Limited
org-type: OTHER
address: Centre Cross Lane, Roseau 00152, Commonwealth of Dominica
abuse-c: PA8977-RIPE
mnt-ref: MNT-ADVANIA
mnt-by: MNT-ADVANIA
created: 2017-02-22T14:17:49Z
last-modified: 2017-06-22T10:53:02Z
source: RIPE # Filtered
person: Roman H.
abuse-mailbox: [email protected]
address: Centre Cross Lane, Roseau 00152, Commonwealth of Dominica
phone: +1-767-448-8175
nic-hdl: ROM22-RIPE
mnt-by: MNT-ADVANIA
created: 2016-05-18T16:20:28Z
last-modified: 2017-06-23T12:30:26Z
source: RIPE
(Note: this is public information.)Comment
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mine was cancelled as well.Comment
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Turns out that contact info (apart from the mysterious Mister H.) is on the website anyway... so why does the domain have WHOIS privacy?
https://www.paxumbank.com/contacts/Comment
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fuck paxum,
you should move over to Bitcoin, it's not a company, so they won't ban you,
you don't even need id to have an account
paxum is garbageComment
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i agree, you don't have a choice at the moment,
many people are not aware of bitcoin, but if you notice more and more people are dropping payments companies and moving on to bitcoin, same with affiliates
what you should do is ask people you work with to start using bitcoin, the more people use it, the more freedom we will have,
bitcoin is much better than all those scummy payment companies, cheques & wires
i hate paxum, they ask for too much information and can cut you off as easy as one two three
we are workig hard to make bitcoin better and better, so you won't have to deal with stupid paxum,
don't loose hope my friendComment
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you are right, there is little we can do when a "company" dictates the rules,
just like those scummy ccbill and paxum, they make the rules,
unfortunately for now, there is nothing we can do, in 10 years, those companies will be replaced with bitcoin
i believe it will come earlier, i've been getting paid in bitcoin more and more by affiliatesComment
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Just for comparison...
Payment from program via wire:
- Consistently arrives ~30 hours after midnight UTC (end of billing period). I don't have to log in anywhere, make any withdrawal requests, or do anything else. The funds just arrive in my bank account.
Payment from program via Paxum:
- First withdraw took 23 days, from request, to when funds arrived in my bank account.
- Second one wasn't even released by Paxum until 5 days after withdraw request. It's now day #8. Still no sign of funds.
Bitcoin would be awesome as the exchange I use allows use of funds after a single confirm. I could sell it 10 minutes after it was sent, and have the funds in my bank account by that evening. I'll keep dreaming...Comment
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My Paxum account was reopened, but I was told that based on my location, in the next 30 days I'll need to migrate my existing Paxum account to Paxum Bank.Comment
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bitcoin is a bother
this is a fucking mess!
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Has there been an official announcement yet? I bet I'm not the only person bothered by this.
I get that if Paxum has to announce every banking change in every part of the world it's going to increase the panic levels unnecessarily, but, closing out all (?) USA accounts seems to me to be a pretty major change... and especially with zero notice.Comment
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I sent in my application for Paxum Bank. Kind of a pain but I receive a lot of payments from Paxum so I don't have much of a choice.Comment
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Good happy to hear that, thx Ruth
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I would never leave 10k - 50k in a bank called "Paxum Bank"
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Good luck mane.Paxum is greatComment
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According to their TOS where we can read this:
"User must not be a resident of a country to which Paxum doesn't provide its services;"
that would mean that paxum.com doesn't provide services to USA resident anymore. I don't think Ruth will comment about this which is totally beyond understanding. I mean isn't it important???Comment
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Just got this, lol
Paxum.com will no longer offer services to some of the clients; for them Paxum Bank is the alternative. Additional information is not available for the moment.
Best regardsComment
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what are the reasons they shut it down?Comment
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Just a bump to let people know that Paxum recently discontinued (without notice) EFT to several countries. If you're outside of the USA or EU then you'll need to use a wire ($50 charge) to transfer out funds to a bank account.
Here's the current list of supported countries and currencies:
Austria (AT) EUR
Belgium (BE) EUR
Bulgaria (BG) EUR
Cyprus (CY) EUR
Czech Republic (CZ) EUR
Denmark (DK) EUR
Estonia (EE) EUR
Finland (FI) EUR
France (FR) EUR
Germany (DE) EUR
Gibraltar (GI) EUR
Greece (GR) EUR
Hungary (HU) EUR
Iceland (IS) EUR
Ireland (IE) EUR
Italy (IT) EUR
Latvia (LV) EUR
Liechtenstein (LI) EUR
Lithuania (LT) EUR
Luxembourg (LU) EUR
Malta (MT) EUR
Monaco (MC) EUR
Netherlands (NL) EUR
Norway (NO) EUR
Poland (PL) EUR
Portugal (PT) EUR
Romania (RO) EUR
San Marino (SM) EUR
Slovakia (SK) EUR
Slovenia (SI) EUR
Spain (ES) EUR
Sweden (SE) EUR
Switzerland (CH) EUR
United Kingdom (GB) EUR
United States (US) USDComment
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In order to do ETF or ACH you need to have central bank access -- you notice Canada (a low risk country) is missing also?
There should be world-wide ETF -- there will be sooner or later.Comment
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