Paxum – New Cards On The Way!

Paxum has secured temporary replacement cards that will be issued to customers as early as next week! These cards will be automatically provided to existing card-holders at no additional cost as well. Card status updates will be visible in accounts beginning next week.

I'm sorry PK, we can't offer cards to USA business account-holders.

Am I reading this correctly? USA customers cannot use Paxum and receive funds via card?

Ruth,
whats going on with EFTs to US Bank accounts? 12 days passed since I submitted request for withdrawals and nothing. Used to be 5 days tops.
This reminds me of another financial service that had very little cash to cover its obligations.

I have ordered withdrawal funds to my external credit card and now in 3-4 days i see money arrived to my account, but its marked as reserved.. Why this could happen? What documents my bank could request? Is it normal practice? I did my test withdraw 10usd last week, now amount is 2400.

You can't receive anything unverified.

7 days for my account verification btw.

If someone gets a new card from paxum
put a photo front and back cover for proof.
thanks

On April 9th 2018 Choice Bank Limited informed its customers that Choice Bank had been forced into a constrained position by the regulatory authorities. This is an issue between Choice Bank and its regulatory authorities directly, and it is completely unrelated to Paxum. Paxum is just a customer of Choice Bank.

It is important to note that Paxum was only MINORLY and TEMPORARILY affected by this situation.

The only change in our current business is that Choice Bank issued Paxum cards can no longer be loaded. Any existing funds on the cards can be withdrawn as usual at ATMs or by using the card for POS purchases.

All other aspects of Paxums business are operating as usual; transfers, withdrawals, adding funds, creating new accounts, etc.

Paxum has finalized a backup card and new cards are currently being printed. There will be no additional cost to existing card-holders for the replacement card, and everything should be completed within 4 weeks.

In the meantime, after a non-stop effort to secure a faster solution and in response to the overwhelming influx of recent new Paxum account-holders switching their business to us, Paxum has secured temporary replacement cards that will be issued to customers as early as next week! These cards will be automatically provided to existing card-holders at no additional cost as well. Card status updates will be visible in accounts beginning next week.


The limits for the temporary card will be $2,000 USD loading per day and $20,000 USD maximum loading per month. The highest balance allowed on the card is $5,000 USD which is fully available for POS purchases at any time. Clients can also use the card for ATM withdrawals up to $1,000 USD per day. Those will be temporary limits and will be increased later.

Paxum will focus on verifying all new clients as swiftly as possible. Then, in a few weeks, we will issue our regular logo branded Paxum card again at no extra cost for existing card-holders. The regular Paxum card will have higher limits than the previous Paxum card. Please log-in to your account from time to time to check for new announcements as we will update clients of our progress.

Paxum offers multiple withdrawal options (Swift Wire, EFT/ACH, External Credit/Debit Card, and Transfer to Other Accounts), instant payments worldwide, and we still offer instant withdrawal so clients can continue to access their funds while awaiting a card replacement.

Paxum payment solution has always been more than just a card. We treasure the relationships we have made with our many valuable customers, and we sincerely appreciate the continued support you provide. We look forward to seeing our customers at upcoming conferences and events, and we would like to once again thank you all for choosing to use our payment solution for your payments. As a Paxum customer we consider you part of the Paxum family, and we look forward to serving your needs into the future.

Finally, my wire transfer arrived to my bank account.

Card status updates will be visible in accounts beginning next week.

Any successful withdrawals from Paxum lately?

Anybody having problems with EFT and no customer service reply? Did two EFT over a week ago and no funds have made it to my bank

2 weeks waiting for EFT and nothing. Tickets ignored, calls go to recording.
Fucking pathetic.

I am sure Ruth is about to come out with some good news.

I confirm that external withdrawal is working instantly.
"Withdraw Funds By Card Request Initiated

Dear ...,

This email confirms that we received your withdraw fund by card request in amount of 100.00 USD for account ..."
But with amazing $8 fee

Did you receive the amount on your external card?

now its here

New Temporary MasterCard
000000XXXXXX0000
Printing 2018-04-24 20:01:34
This process can take up to 10 business days

I'm still waiting for my funds. "Instant" external card withdraw initiated on Apr 19.

now its here

New Temporary MasterCard
000000XXXXXX0000
Printing 2018-04-24 20:01:34
This process can take up to 10 business days