If Paxum is legit...

[Kenny B!]

Then I would like to visit your Montreal office and meet the employee?s and owners. We have to be as diligent as possible with whom we trust our money with and even then webmasters get burned all the time.

I went by the address you have stated on your contact us page and it?s a post office box at a UPS store, that won?t give anyone any confidence.

I am not trying to hurt your business; I want to be able to do some of the due diligence that others aren?t able to do because they aren?t in the same city.

Feel free to contact me, you seems to have a great solution and I?m sure many people here would use your services if they knew more about the company and the people behind it.

[Barefootsies]

Right.

Make sure you do not see Howard Cohen, and the other Montreal based cronies from iMonde.

[epitome]

Ha! That is too funny.

I don't imagine anyone will be using them. I think people are going to stick with names they've heard before, like Payoneer.

I signed up for Payoneer last night and should be getting my new Master Card within 10 days.

[Domain Broker]

Originally Posted by Kenny B!

I went by the address you have stated on your contact us page and it?s a post office box at a UPS store

[TheLegacy]

Honestly there are a lot of company's and affiliate programs that use PO Boxes to avoid people just walking in.

[Domain Broker]

Isn't Paxum a medication?

[Barefootsies]

Originally Posted by TheLegacy

Honestly there are a lot of company's and affiliate programs that use PO Boxes to avoid people just walking in.

Correct.

If you have read, or been on GFY, for any period of time. You know there are some serious stalkers, or mentally disturbed people on this forum and in this industry. I doubt most would want the 'general public' or lowly adult webmaster walking into their office.

[ContentPimp]

the office is paxum was previously used by this company -->

http://www.made-in-china.com/traderoom/frenchtrini

[Kenny B!]

Originally Posted by Barefootsies

Right.

Make sure you do not see Howard Cohen, and the other Montreal based cronies from iMonde.

That is my main concern, Howard Cohen and Norton Burah both live in Dollard Des Ormeaux, the same small area where the UPS store is, so that was my first concern.

Not that having them local means anything, Norton lives across the street from my uncle and about 5 minutes from my house, and Howard lived close by as well. But from what I've heard his wife kicked him out and he's moved a little further away. And I never saw all the money they owed me, yet both bought nice houses within the months leading up to the fucking they gave everyone.

[Kenny B!]

Originally Posted by TheLegacy

Honestly there are a lot of company's and affiliate programs that use PO Boxes to avoid people just walking in.

Agreed, and that's why I want to visit their actual offices and make sure there is one.

[Barefootsies]

Originally Posted by Kenny B!

That is my main concern, Howard Cohen and Norton Burah both live in Dollard Des Ormeaux, the same small area where the UPS store is, so that was my first concern.

My thoughts exactly.

[ContentPimp]

ok people in montreal, go for a walk and visit these guys!!

[spazlabz]

I have bookmarked this thread

[minicivan]

You guys get killed by epass - now people want to trust a penis pill guy who does business on edge of the law for years and who chose a dumb ass kid to represent him on boards who does stupid things like borrow money to buy a flat screen tv from webmasters (while being affiliate/sales rep) and don't pay it back when he says.

See any red flags here? Any?

[MobiusMike]

Originally Posted by Kenny B!

Then I would like to visit your Montreal office and meet the employee?s and owners. We have to be as diligent as possible with whom we trust our money with and even then webmasters get burned all the time.

I went by the address you have stated on your contact us page and it?s a post office box at a UPS store, that won?t give anyone any confidence.

I am not trying to hurt your business; I want to be able to do some of the due diligence that others aren?t able to do because they aren?t in the same city.

Feel free to contact me, you seems to have a great solution and I?m sure many people here would use your services if they knew more about the company and the people behind it.

Questions for a new webmaster direct payment method I would ask:

1) What bank is issuing the card product

2) What is the method for funds storage at the card product level or a general ledger account (i.e. is each card a "registered" account for the cardholder or a number only account attached to a general ledger or wash account)?

3) Does the company's and the bank KYC procedure comply with banking regulations and is there a positive statement to that effect in the terms and conditions as well as the cardholder advisements?

4) Although we understand that the bank's and the company's joint AML efforts must remain proprietary, are there clearly defined velocity limits (amount of transfer, frequency of transfer et al) defined in the terms and conditions?

5) Does the bank issuing the product have the appropriate measures in place to support SAR (Suspicious Activity Reporting) for transactions as required by banking regulations

6) If the cards have a direct account attached to them, are those funds guaranteed by the FDIC or the issuing bank's country's regulatory authority?

7) Is the bank aware of the nature of the clients utilizing P2P (i.e. adult)

8) Is the company issuing the product and managing the wallets independently audited and are those audits made public

There are more, just some I came up with off the top of my head.

[ThumbLord]

we should not look for alternatives for ePassporte, hell even none US webmasters should only use checks and/or wires from now on, just raise the payment amount to 500 or 1000 per check/wire.
it would be good for the sponsors as well, a lot of cheaters used ePassporte trying to screw programs.

[Yngwie]

Originally Posted by Kenny B!

Then I would like to visit your Montreal office and meet the employee?s and owners. We have to be as diligent as possible with whom we trust our money with and even then webmasters get burned all the time.

I went by the address you have stated on your contact us page and it?s a post office box at a UPS store, that won?t give anyone any confidence.

I am not trying to hurt your business; I want to be able to do some of the due diligence that others aren?t able to do because they aren?t in the same city.

Feel free to contact me, you seems to have a great solution and I?m sure many people here would use your services if they knew more about the company and the people behind it.

Can you please icq me.

[Chris]

Originally Posted by minicivan

You guys get killed by epass - now people want to trust a penis pill guy who does business on edge of the law for years and who chose a dumb ass kid to represent him on boards who does stupid things like borrow money to buy a flat screen tv from webmasters (while being affiliate/sales rep) and don't pay it back when he says.

See any red flags here? Any?

What are you talking about? I've never borrowed money from anyone.

[ladida]

They're not legit, are you serious? Everything they did points to them not being legit, i can't see anyone in their right mind using them.

[woj]

Originally Posted by minicivan

You guys get killed by epass - now people want to trust a penis pill guy who does business on edge of the law for years and who chose a dumb ass kid to represent him on boards who does stupid things like borrow money to buy a flat screen tv from webmasters (while being affiliate/sales rep) and don't pay it back when he says.

See any red flags here? Any?

[Kenny B!]

Mike those are great questions, hopefully we can even get some answers here in this thread on them.

[epitome]

Originally Posted by Chris

What are you talking about? I've never borrowed money from anyone.

You are such a loser. You do not answer any of the legitimate questions about the company you are now flying in your sig but you pop into this thread to defend yourself?

[epitome]

Originally Posted by Kenny B!

Mike those are great questions, hopefully we can even get some answers here in this thread on them.

It looks like there will be no answers ... although Chris would like us to know that he did not borrow money from anybody to buy a flat screen TV and then not pay them back according to their agreement.

Can you imagine what support with this company would be like when they have that guy trying to get people to sign up?

[Chris]

Originally Posted by epitome

It looks like there will be no answers ... although Chris would like us to know that he did not borrow money from anybody to buy a flat screen TV and then not pay them back according to their agreement.

Can you imagine what support with this company would be like when they have that guy trying to get people to sign up?

The questions are being answered - I am just a rep for the company and some of those questions I do not have the answers to.

[Domain Broker]

will pass, on to the next company.

[Sly]

Originally Posted by epitome

Ha! That is too funny.

I don't imagine anyone will be using them. I think people are going to stick with names they've heard before, like Payoneer.

I signed up for Payoneer last night and should be getting my new Master Card within 10 days.

I suspect that Payoneer is a PO box as well.

In today's global economy with all of the issues at hand... I just do not see a totally 100% legitimate replacement for a service like ePassporte. Any similar solution will most likely be skirting the law and someday will have its own problems. Use these services for what they are but have a Plan B.

[epitome]

Originally Posted by Chris

The questions are being answered - I am just a rep for the company and some of those questions I do not have the answers to.

So you've been blindly telling people to sign up without knowing anything substantial about the company you are representing?

You're not concerned about your personal reputation at all?

[Shap]

Originally Posted by epitome

You are such a loser. You do not answer any of the legitimate questions about the company you are now flying in your sig but you pop into this thread to defend yourself?

HAHAHAHA I thought the exact same thing. That was weak

[epitome]

Alright, I apologize to Chris.

I thought we had some bad blood from an old drama thread but he publicly recanted his statements in that thread and I either missed it or do not remember it.

Having said that, the concerns raised in this thread are valid, but I apologize for personally bashing Chris.

[Domain Broker]

Yngwie is a rep for that company too, he's not answering any of those questions either it seems.

[Shap]

Originally Posted by epitome

Alright, I apologize to Chris.

I thought we had some bad blood from an old drama thread but he publicly recanted his statements in that thread and I either missed it or do not remember it.

Having said that, the concerns raised in this thread are valid, but I apologize for personally bashing Chris.

What about me? You just hung me out to dry

[Domain Broker]

shap, please change your avatar ASAP. I can't stand to look at your foot any longer.

[Tempest]

Originally Posted by MobiusMike

Questions for a new webmaster direct payment method I would ask:

1) What bank is issuing the card product

2) What is the method for funds storage at the card product level or a general ledger account (i.e. is each card a "registered" account for the cardholder or a number only account attached to a general ledger or wash account)?

3) Does the company's and the bank KYC procedure comply with banking regulations and is there a positive statement to that effect in the terms and conditions as well as the cardholder advisements?

4) Although we understand that the bank's and the company's joint AML efforts must remain proprietary, are there clearly defined velocity limits (amount of transfer, frequency of transfer et al) defined in the terms and conditions?

5) Does the bank issuing the product have the appropriate measures in place to support SAR (Suspicious Activity Reporting) for transactions as required by banking regulations

6) If the cards have a direct account attached to them, are those funds guaranteed by the FDIC or the issuing bank's country's regulatory authority?

7) Is the bank aware of the nature of the clients utilizing P2P (i.e. adult)

8) Is the company issuing the product and managing the wallets independently audited and are those audits made public

There are more, just some I came up with off the top of my head.

Some of these questions were sort of answered in the annoucement thread.

- Mastercard is done through Chase Bank (Belize). Apparently same as used by payoneer?

- The "wallet" etc. is done thru Bank Of Montreal (Canada). While the money is insured by the government, that's never going to help if the company goes under.

- PCI full compliance has been issued https://www.securitymetrics.com/comp...8e08ee22dea651

[Chris]

1) What bank is issuing the card product


CHOICE BANK of BELIZE. Before people start bashing us for using an offshore bank the answer is simple:
No USA bank will allow to setup MasterCard to non US residents. We spent 2 years in negotiations but none agreed. So we had to fall under MC international jurisdiction for that.


2) What is the method for funds storage at the card product level or a
general ledger account (i.e. is each card a "registered" account for the
cardholder or a number only account attached to a general ledger or wash
account)?

The account is under Paxum Inc. There is separate security deposit account that was setup by us with the bank, as per our agreement with MC and the bank. That is standard way to operate an e-wallet.


3) Does the company's and the bank KYC procedure comply with banking
regulations and is there a positive statement to that effect in the
terms and conditions as well as the cardholder advisements?


We fully comply with KYC requirements set forth by MC and the Bank. We are issuing the cards only to verified accounts since we don't want to play with fake card users. We don't want to be accused of Laundering Money. Better safe then sorry in our opinion.



4) Although we understand that the bank's and the company's joint AML
efforts must remain proprietary, are there clearly defined velocity
limits (amount of transfer, frequency of transfer et al) defined in the
terms and conditions?


Limits for transfers between paxum current accounts are set by us. We are the ones who have the last word on them. Paxum MasterCard has limits set by MasterCard International and the bank. We were negotiating for a long time to get webmasters usable limits. I think we succeeded in that, $2500 per day is way more then Epass and others offer.



5) Does the bank issuing the product have the appropriate measures in
place to support SAR (Suspicious Activity Reporting) for transactions as
required by banking regulations


We are regulated by Belize banking laws. We fully comply with them.


6) If the cards have a direct account attached to them, are those funds
guaranteed by the FDIC or the issuing bank's country's regulatory authority?

The cards are issued by a Belize Bank. FDIC has no jurisdiction in Belize. The funds that are held in the bank by Paxum Inc.


7) Is the bank aware of the nature of the clients utilizing P2P (i.e. adult)


p2p is within paxum ewallet account
card to card (witch will be activated at a later date) is from master card to mastercard and the bank is fully aware and we have no restriction for ADULT. the only restriction we have and don't accept is GAMBLING.


8) Is the company issuing the product and managing the wallets
independently audited and are those audits made public

We have been audited by the Bank and Mastercard. We do plan to get audited at least once a year. Whether it will be made public or not is something that will be decided later.

[Tempest]

And in regard to their "timing' on this and why it took so long for them to come out (i.e. they said they've been working on this since 2007 I think)

Only to obtain the license from Master Card international it takes almost 1 year and to provide the needed documentation and guarantees along with auditing several other months of work by lawyers. All that without counting writing the software and audit for that software by MC to be compliant that is as complicated as an online banking system that your local bank uses.

[RuthB]

If anyone has any other questions or needs any further clarification, or help getting set up, please feel free to get in touch!

ICQ #233-854-608
EMail - [email protected]

Ruth

[Shap]

Originally Posted by Domain Broker

shap, please change your avatar ASAP. I can't stand to look at your foot any longer.

LOL me neither. I'll do that

[Chris]

Originally Posted by Tempest

And in regard to their "timing' on this and why it took so long for them to come out (i.e. they said they've been working on this since 2007 I think)

Indeed - Getting approved and audits are not an over night thing

[PXN]

Can you confirm the bank knows you are doing adult. There is always a risk they'll pull the plug on you once they found out later. I rather not take that risk.

[Chris]

Originally Posted by PXN

Can you confirm the bank knows you are doing adult. There is always a risk they'll pull the plug on you once they found out later. I rather not take that risk.

The bank's only regulation is that we do not mess with GAMBLING.

[PXN]

Originally Posted by Chris

The bank's only regulation is that we do not mess with GAMBLING.

I post some questions on the other thread, guess you didn't email me the info but I found out the answer.

I'm still looking for alternative to epass to help a guy set up with his program.

Anyway Kenny B.

If you are in Montreal can you check if AlertPay have a legit office:

Address
AlertPay Inc.
8255 Mountain Sights, Suite 100
Montreal, Quebec, H4P 2B5

Thanks.

[Domain Broker]

Originally Posted by PXN

I post some questions on the other thread, guess you didn't email me the info but I found out the answer.

I'm still looking for alternative to epass to help a guy set up with his program.

Anyway Kenny B.

If you are in Montreal can you check if AlertPay have a legit office:

Address
AlertPay Inc.
8255 Mountain Sights, Suite 100
Montreal, Quebec, H4P 2B5

Thanks.

Google street view is your friend.

[Chris]

Originally Posted by PXN

I post some questions on the other thread, guess you didn't email me the info but I found out the answer.

I'm still looking for alternative to epass to help a guy set up with his program.


Thanks.

Here are the answers to your questions

1) if IDs are needed for business owner/program
Yes there are documents needed to verify your account

2) Would his affiliate requires IDs.
yes a scanned copy of their ID , passport , Dl .. something along those lines will be needed to VERIFY the account. We only need one piece instead of 3 like epassporte asked for

3) Any country restriction?
No.

4) Your bank name please
Bank of Montreal and Choice Bank ( Belize )

[PXN]

Originally Posted by Domain Broker

Google street view is your friend.

Rather have someone go in to see if the place and maybe talk to a few people.

[FighterSpirit]

I think that paxum is good

[PXN]

Originally Posted by Chris

Here are the answers to your questions

1) if IDs are needed for business owner/program
Yes there are documents needed to verify your account

2) Would his affiliate requires IDs.
yes a scanned copy of their ID , passport , Dl .. something along those lines will be needed to VERIFY the account. We only need one piece instead of 3 like epassporte asked for

3) Any country restriction?
No.

4) Your bank name please
Bank of Montreal and Choice Bank ( Belize )

I don't mind verifying and scanning my ID or mailing a copy to you but can I black out the info like Driver Lic ID number.

[Serge Litehead]

> - Mastercard is done through Choise Bank (Belize).
> - The "wallet" etc. is done thru Bank Of Montreal (Canada).

- Will there be a lag between moving funds from wallet to card and vise-versa?
- Where do funds get deposited initially by default?
- Any limitations between B2P & P2B internal transfers?
- Will there be an option in the future to deposit money through CC/debit/bank account rather than currently aval. options such as wires/checks/WU?

[Chris]

Originally Posted by PXN

I don't mind verifying and scanning my ID or mailing a copy to you but can I black out the info like Driver Lic ID number.

we must be able to view the number. it is the Bank's and MasterCard's international requirement

[Chris]

- Will there be a lag between moving funds from wallet to card and vise-versa?
There wont be a lag because we keep our own funds in our bank account at Choice Bank


- Where do funds get deposited initially by default?
Choice Bank

- Any limitations between B2P & P2B internal transfers?
no limitations on p2p transfers, b2p and so on

- Will there be an option in the future to deposit money through CC/debit/bank account rather than currently aval. options such as wires/checks/WU?
Those options will be added within 30 days.

[PXN]

Originally Posted by Chris

we must be able to view the number. it is the Bank's and MasterCard's international requirement

I won't sign up for it, but I know a program that might be interested in using your services. They do a lot of transfer to pay affiliate. I'll hit you up soon.