Seems the Paxum.com train starts rolling and nobody can stop them. - GoFuckYourself.com - Adult Webmaster Forum

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Dreamteam

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#1

Seems the Paxum.com train starts rolling and nobody can stop them.

10-20-2010, 03:16 AM

Seems the Paxum train starts rolling and nobody can stop them.

Every singe day lots and lots of webmasters sign up with them.
People have their paxum cards in hand or the cards are in printing or shipped status.

More and more sponsors offer paxum as payment option and money flows in the system as we speak

For the non believers: You tried to put them in a bad daylight, but as you can see all the extra attention only made them stronger.

Good Job Paxum.
And thank you very very much for such a great product.
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AdultKing

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#2

10-20-2010, 03:19 AM

What percentage of Paxum account holders funds are held in security and cash ? Is any fractional risk system used to make use of account holders funds for the benefit of Paxum and it's stakeholders ?

Can Paxum guarantee account holders funds in the case of an event like ePassporte encountered ?
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Dreamteam

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#3

10-20-2010, 03:21 AM

Originally posted by AdultKing

What percentage of Paxum account holders funds are held in security and cash ? Is any fractional risk system used to make use of account holders funds for the benefit of Paxum and it's stakeholders ?

Can Paxum guarantee account holders funds in the case of an event like ePassporte encountered ?

Here we go again hahaha lol
Use the search function man .. I'm tired to see all those questions over and over again.
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AdultKing

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#4

10-20-2010, 03:23 AM

Those questions have never been answered to my knowledge have they ? Would be nice if a Paxum rep could provide a definitive answer.
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#5

10-20-2010, 03:32 AM

paxum looks good

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AdultKing

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#6

10-20-2010, 03:38 AM

Originally posted by seeandsee

paxum looks good

People said that about ePassporte 7 years ago, one GFY thread from back then was

epassporte MUST replace paypal

I'd like to know that this isn't just history repeating itself, I hope a Paxum rep can answer my questions.
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Dreamteam

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#7

10-20-2010, 03:51 AM

Originally posted by AdultKing

People said that about ePassporte 7 years ago, one GFY thread from back then was

I'd like to know that this isn't just history repeating itself, I hope a Paxum rep can answer my questions.

Well ill make it short ... Ill pull all my money out the day hes going to make a movie LOOL

Last edited by Dreamteam; 10-20-2010, 03:54 AM.
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Steve-Paxum

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#8

10-20-2010, 03:55 AM

Originally posted by AdultKing

What percentage of Paxum account holders funds are held in security and cash ? Is any fractional risk system used to make use of account holders funds for the benefit of Paxum and it's stakeholders ?

Can Paxum guarantee account holders funds in the case of an event like ePassporte encountered ?

All funds in the E-wallet are sitting in our Bank Accounts. We do not use that for investment purposes. We also have an additional 10-20% of our own in the bank accounts. So if all Paxum users decided to withdraw their money in one day, they would be able to do so without any problems. For every 100,000 USD in Paxum we have anywhere from 100,000 to 120,000 USD in the bank account. Of course that might change later on but it will never been less then 100% of the funds.

Last edited by Steve-Paxum; 10-20-2010, 03:57 AM.
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#9

10-20-2010, 03:58 AM

Originally posted by AdultKing

People said that about ePassporte 7 years ago, one GFY thread from back then was

Espassport looked good and it was good. I loved it.
It just ended bad.

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BIGTYMER

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#10

10-20-2010, 04:00 AM

Paxum hit the scene way to fast my liking.

I hope Paxum does well but I'm not jumping on the bandwagon just yet. I'll stick with Payoneer for now as I've been using them for a year without any problems.
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AdultKing

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#11

10-20-2010, 04:00 AM

Originally posted by Steve-Paxum

All funds in the E-wallet are sitting in our Bank Accounts. We do not use that for investment purposes. We also have an additional 10-20% of our own in the bank accounts. So if all Paxum users decided to withdraw their money in one day, they would be able to do so without any problems. For every 100,000 USD in Paxum we have anywhere from 100,000 to 120,000 USD in the bank account. Of course that might change later on but it will never been less then 100% of the funds.

Thanks for the clarification here Steve.
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Thomas007

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#12

10-20-2010, 04:04 AM

Paxum do not need to be in business for long before we have saved enough in banking fees for caching checks or receiving wires to cover an eventual loss if they close shop.
Plus we'll also save us for the hassle of checks. It's labor intensive to open the letters and make lists which shall then be mailed to the bank with the checks.

My calculation is that it costs us $8 per check and a rough estimate on $30 per wire (sending and receive fee) to receive money.
I'll calculate with 50 checks and 10 wires per month.
It's $700 saved.
If we withdraw from Paxum via Wire 2 times a month, then the cost for that is about $120 a month.
700 - 120 = 580 saved per month by Paxum.
A year = $6960

Keep your balances low with Paxum, it's not a bank.

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nexus868

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#13

10-20-2010, 04:11 AM

I'm not sure but i have the impression that there Are behind Paxum mallick and company. They Are exactly the clone of epassporte with MasterCard.

I checked now his dns they Are so young that they Are still using godaddy Dns..

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Davy

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#14

10-20-2010, 04:14 AM

I predict it will take six years for them to go down.
Sounds like a good deal for everybody involved.

---
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Dreamteam

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#15

10-20-2010, 04:16 AM

Originally posted by Thomas007

Paxum do not need to be in business for long before we have saved enough in banking fees for caching checks or receiving wires to cover an eventual loss if they close shop.
Plus we'll also save us for the hassle of checks. It's labor intensive to open the letters and make lists which shall then be mailed to the bank with the checks.

My calculation is that it costs us $8 per check and a rough estimate on $30 per wire (sending and receive fee) to receive money.
I'll calculate with 50 checks and 10 wires per month.
It's $700 saved.
If we withdraw from Paxum via Wire 2 times a month, then the cost for that is about $120 a month.
700 - 120 = 580 saved per month by Paxum.
A year = $6960

Keep your balances low with Paxum, it's not a bank.

Great Post Thomas.

We did the same with epass for 7 years in a row.
Saved me +70.000 dollars in wire and banking fees.

While I've lost $6000 at the end.

Still at least $64.000 profit

As you said, don't use it as a bank.
Keep your balance low and just enough for your daily operations.
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Dreamteam

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#16

10-20-2010, 04:17 AM

Originally posted by nexus868

I'm not sure but i have the impression that there Are behind Paxum mallick and company. They Are exactly the clone of epassporte with MasterCard.

I checked now his dns they Are so young that they Are still using godaddy Dns..

Man are you on drugs?
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Klen

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#17

10-20-2010, 04:20 AM

Originally posted by Thomas007

Paxum do not need to be in business for long before we have saved enough in banking fees for caching checks or receiving wires to cover an eventual loss if they close shop.
Plus we'll also save us for the hassle of checks. It's labor intensive to open the letters and make lists which shall then be mailed to the bank with the checks.

My calculation is that it costs us $8 per check and a rough estimate on $30 per wire (sending and receive fee) to receive money.
I'll calculate with 50 checks and 10 wires per month.
It's $700 saved.
If we withdraw from Paxum via Wire 2 times a month, then the cost for that is about $120 a month.
700 - 120 = 580 saved per month by Paxum.
A year = $6960

Keep your balances low with Paxum, it's not a bank.

Depend which amount it's withdraw,if you withdraw 10k $ then wire win,if less then paxum wins.
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V_RocKs

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#18

10-20-2010, 04:24 AM

If your rep is lower than mine the chances I fucked your mom are quite high and fractionally risky!
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#19

10-20-2010, 04:24 AM

We will soon announce that we pay through Paxum too

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#20

10-20-2010, 04:25 AM

Originally posted by Toni

We will soon announce that we pay through Paxum too

Haters get ready to shit more kittens!!

HDVBucks
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Dreamteam

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#21

10-20-2010, 04:26 AM

Originally posted by V_RocKs

If your rep is lower than mine the chances I fucked your mom are quite high and fractionally risky!

Hahahaa .. lol
If possible I would rep you man ... believe me
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Klen

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#22

10-20-2010, 04:27 AM

I still thinks paxum is shady....But dreamteam argument is strong,i will probably need to use it for low payments.
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Dreamteam

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#23

10-20-2010, 04:29 AM

Originally posted by punkpred

Haters get ready to shit more kittens!!

I predict that in a year from now all haters have a paxum card in their wallet as well.
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Klen

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#24

10-20-2010, 04:30 AM

Originally posted by Dreamteam

I predict that in a year from now all haters have a paxum card in their wallet as well.

Well...i hated epassporte too,yet i used them anyway.
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Dreamteam

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#25

10-20-2010, 04:30 AM

Originally posted by KlenTelaris

I still thinks paxum is shady....But dreamteam argument is strong,i will probably need to use it for low payments.

Klen believe me .. I won't keep a high balance there at all.
I use it for what I need it .. and I already have a bankaccount so.
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Project-Shadow

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#26

10-20-2010, 04:32 AM

People have learnt their lesson regarding online banking the hard-way, that being said we'll hopefully all be a little more caucious in the future, you wouldn't leave 50k+ in paypal why would you in ePass?

For those that haven't jumped on board yet and are looking for paxum sponsors you know what to do :D
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AdultKing

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#27

10-20-2010, 04:32 AM

Originally posted by KlenTelaris

I still thinks paxum is shady....But dreamteam argument is strong,i will probably need to use it for low payments.

Paxum has said very clearly in this thread that they will maintain in excess of 100% of account holders funds as banked funds to prevent the possibility of a run on funds closing down the system. Until I see evidence otherwise that's good enough for me, it's as much of an assurance as you can hope for.

Many people have made a great point, don't use it as a bank, withdraw funds as soon as you can and the risk should be fairly low.
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Dreamteam

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#28

10-20-2010, 05:01 AM

Originally posted by AdultKing

Paxum has said very clearly in this thread that they will maintain in excess of 100% of account holders funds as banked funds to prevent the possibility of a run on funds closing down the system. Until I see evidence otherwise that's good enough for me, it's as much of an assurance as you can hope for.

Many people have made a great point, don't use it as a bank, withdraw funds as soon as you can and the risk should be fairly low.
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kowalsky

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#29

10-20-2010, 05:09 AM

That´s true. In my program Paxum is getting double signups than Payoneer... It seems like low fees is all.

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Klen

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#30

10-20-2010, 05:16 AM

Originally posted by Project-Shadow

People have learnt their lesson regarding online banking the hard-way, that being said we'll hopefully all be a little more caucious in the future, you wouldn't leave 50k+ in paypal why would you in ePass?

For those that haven't jumped on board yet and are looking for paxum sponsors you know what to do :D

Money was coming too fast to think what to do with it
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#31

10-20-2010, 05:21 AM

Originally posted by kowalsky

That´s true. In my program Paxum is getting double signups than Payoneer... It seems like low fees is all.

This doesn't surprise me at all. I said many times here that programs were jumping into Payoneer way too fast and it is not a good option.

The best ePassporte replacement I have found: OKPAY
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Phooq

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#32

10-20-2010, 05:23 AM

Paxum are doing the business for sure, they have a list of sponsors, products and services which is growing rapidly and it won't be long before they hit 100 Sponsors.

Check out the Big List at Paxum Sponsors and see for yourself

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nexus868

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#33

10-20-2010, 05:25 AM

My opinion is that behind all there is again Epassporte Management Team... This kind of scammer are everywhere.... they for sure made a clone of epassporte to prevent this kind of situation...

Why they are not offereing old epassport account holder to switch to PAXUM directly ? Is easy...because Epassporte really have no money to pay all webmaster... so making a new company they are free to make an other business without refund lost money...

You are very stupid if you can think that PAXUM has no relationship with epassporte.

www.amaporn.com
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Klen

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#34

10-20-2010, 05:26 AM

Originally posted by Phooq

Paxum are doing the business for sure, they have a list of sponsors, products and services which is growing rapidly and it won't be long before they hit 100 Sponsors.

Check out the Big List at Paxum Sponsors and see for yourself

Loadedcash not supporting paxum
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brassmonkey

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#35

10-20-2010, 05:38 AM

ok thanx

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TheLegacy

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#36

10-20-2010, 05:51 AM

All I can say is be warned - DON'T allow yourself to load up all your cash/hopes into one billing solution and leave it there. If anything happens to Paxum in the future (and we never thought it would with Epass) then you'll be in the same boat.

RobertWarrenSEO.com
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AdultKing

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#37

10-20-2010, 05:54 AM

Originally posted by TheLegacy

All I can say is be warned - DON'T allow yourself to load up all your cash/hopes into one billing solution and leave it there. If anything happens to Paxum in the future (and we never thought it would with Epass) then you'll be in the same boat.

I have no idea why some people would have held on to $xx,xxx in ePassporte. It's madness to use such an organization as a bank. A good rule of thumb is to only leave as much in Paypal, Paxum or Payoneer as you can afford to lose.
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Agent 488

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#38

10-20-2010, 05:57 AM

can we start taking payments even though we didn't get our card yet? what do we give? our email or a username?
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TheLegacy

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#39

10-20-2010, 06:00 AM

Originally posted by AdultKing

I have no idea why some people would have held on to $xx,xxx in ePassporte. It's madness to use such an organization as a bank. A good rule of thumb is to only leave as much in Paypal, Paxum or Payoneer as you can afford to lose.

Excellent advice - similar to going into a casino - never play as much as you can afford to loose

RobertWarrenSEO.com
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Phooq

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#40

10-20-2010, 06:08 AM

Originally posted by KlenTelaris

Loadedcash not supporting paxum

They are confirmed and will soon have it added to their system.

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epitome

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#41

10-20-2010, 06:24 AM

Originally posted by Steve-Paxum

All funds in the E-wallet are sitting in our Bank Accounts. We do not use that for investment purposes. We also have an additional 10-20% of our own in the bank accounts. So if all Paxum users decided to withdraw their money in one day, they would be able to do so without any problems. For every 100,000 USD in Paxum we have anywhere from 100,000 to 120,000 USD in the bank account. Of course that might change later on but it will never been less then 100% of the funds.

I've given up on trying count the 's.

According to the 10-20% internal rule you have if there is $50 million in there you will have at least $5 million of Paxum money tied up?

Last edited by epitome; 10-20-2010, 06:25 AM.
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CyberHustler

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#42

10-20-2010, 06:25 AM

People are jumping to paxum like they jumped to crack in the 80's. It's not because paxum is a great magnificent company here to magically take care of the adult industry, it's because the sheep are following the sheep as usual.

Like I've said before, after the epass fiasco I've been on my "fuck a middleman" shit.. especially new ones that just popped up right after epass robbed(?) us. Like seriously, where the fuck did paxum come from? You can't just wake up and make one of these companies just because you feel like it one day. Paxum also lists companies on their sponsor list that don't actually use Paxum. Then the supposed owner of paxum and a goofy rep have 2 completely different excuses as to how that happens? Fuck outta here with that type of lying bullshit. Paxums office was a UPS P.O. box until somebody noticed, then they switched to a rent-an-office monthly solution right away. Looks like they did that just to shut people up. Either way, I'm not trusting my money with a company who doesn't even have a real location.

Not only that, but paxum is shrouded in secrecy. Who's the financial muscle behind these clowns? Who the fuck really owns this shit? Please let a nigga know. Lets not even get into the army of fresh 2010 new-booty nicks doing nothing else but hyping Paxum up constantly... And random other nicks just blindly supporting them... before anybody could even really use them yet. Nobody even had a paxum card yet, but there was a mob of supporters? Seems like the company is using fake nicks and buying out post whores to make themselves out to be great. Or some people know more about these fuck-sticks than others and don't want to let others in on it. The fuck kinda shit is that?

Paxums bank doean't even offer any type of insurance whatsoever on depositors funds. I know Paxum is not meant to be used as a fucking bank with people leaving lots of money in there, but if I get a nice sized deposit for whatever reason and shit hits the fan right before I have a chance to withdraw it (like just happened to me with epass) I'm not going to want to hear any of those "but it's not a bank" excuses... I didn't fucking use epass as a bank.

“If you can convince the lowest white man he’s better than the best colored man, he won’t notice you’re picking his pocket. Hell, give him somebody to look down on, and he’ll empty his pockets for you.”
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Agent 488

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#43

10-20-2010, 06:31 AM

some people go off the deep end for paxum, but some people want a payment solution, know the risks and are willing to try it. it's not so black and white.

Originally posted by NanoBot

People are jumping to paxum like they jumped to crack in the 80's. It's not because paxum is a great magnificent company here to magically take care of the adult industry, it's because the sheep are following the sheep as usual.

Like I've said before, after the epass fiasco I've been on my "fuck a middleman" shit.. especially new ones that just popped up right after epass robbed(?) us. Like seriously, where the fuck did paxum come from? You can't just wake up and make one of these companies just because you feel like it one day. Paxum also lists companies on their sponsor list that don't actually use Paxum. Then the supposed owner of paxum and a goofy rep have 2 completely different excuses as to how that happens? Fuck outta here with that type of lying bullshit. Paxums office was a UPS P.O. box until somebody noticed, then they switched to a rent-an-office monthly solution right away. Looks like they did that just to shut people up. Either way, I'm not trusting my money with a company who doesn't even have a real location.

Not only that, but paxum is shrouded in secrecy. Who's the financial muscle behind these clowns? Who the fuck really owns this shit? Please let a nigga know. Lets not even get into the army of fresh 2010 new-booty nicks doing nothing else but hyping Paxum up constantly... And random other nicks just blindly supporting them... before anybody could even really use them yet. Nobody even had a paxum card yet, but there was a mob of supporters? Seems like the company is using fake nicks and buying out post whores to make themselves out to be great. Or some people know more about these fuck-sticks than others and don't want to let others in on it. The fuck kinda shit is that?

Paxums bank doean't even offer any type of insurance whatsoever on depositors funds. I know Paxum is not meant to be used as a fucking bank with people leaving lots of money in there, but if I get a nice sized deposit for whatever reason and shit hits the fan right before I have a chance to withdraw it (like just happened to me with epass) I'm not going to want to hear any of those "but it's not a bank" excuses... I didn't fucking use epass as a bank.
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#44

10-20-2010, 06:33 AM

Originally posted by Agent 488

can we start taking payments even though we didn't get our card yet? what do we give? our email or a username?

yes just use your email address which also acts as your login. You can add additional emails in the system.
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Agent 488

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#45

10-20-2010, 06:35 AM

Originally posted by epitome

I've given up on trying count the 's.

According to the 10-20% internal rule you have if there is $50 million in there you will have at least $5 million of Paxum money tied up?

what is hard to understand? if there is 100,000 in paxum money in their accounts they will have that plus 20 percent more.

your hate-on for paxum is blinding your judgement, white knight.
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boneless

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#46

10-20-2010, 06:37 AM

where the devil can i find out what the status of my card is? i applied for it they took the 44.95 from my account but nowhere i can find what status it holds, ie printed, shipped etc.

anybody able to point it out?

icq:148573096 skype:dabone2 email:boneless(a)mgpteam(.)com
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#47

10-20-2010, 06:37 AM

Originally posted by Thomas007

Paxum do not need to be in business for long before we have saved enough in banking fees for caching checks or receiving wires to cover an eventual loss if they close shop.
Plus we'll also save us for the hassle of checks. It's labor intensive to open the letters and make lists which shall then be mailed to the bank with the checks.

My calculation is that it costs us $8 per check and a rough estimate on $30 per wire (sending and receive fee) to receive money.
I'll calculate with 50 checks and 10 wires per month.
It's $700 saved.
If we withdraw from Paxum via Wire 2 times a month, then the cost for that is about $120 a month.
700 - 120 = 580 saved per month by Paxum.
A year = $6960

Keep your balances low with Paxum, it's not a bank.

This is the smartest post I've seen on the situation. Well said.

Last edited by Shap; 10-20-2010, 06:38 AM.
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CyberHustler

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#48

10-20-2010, 06:42 AM

Originally posted by Thomas007

Paxum do not need to be in business for long before we have saved enough in banking fees for caching checks or receiving wires to cover an eventual loss if they close shop.
Plus we'll also save us for the hassle of checks. It's labor intensive to open the letters and make lists which shall then be mailed to the bank with the checks.

My calculation is that it costs us $8 per check and a rough estimate on $30 per wire (sending and receive fee) to receive money.
I'll calculate with 50 checks and 10 wires per month.
It's $700 saved.
If we withdraw from Paxum via Wire 2 times a month, then the cost for that is about $120 a month.
700 - 120 = 580 saved per month by Paxum.
A year = $6960

Keep your balances low with Paxum, it's not a bank.

Fuck it then, when paxum folds I will already have an alternative waiting for you guys to save fees with and help me take you guy's money... since you guys don't mind me taking your cash as long as you save on fees.

“If you can convince the lowest white man he’s better than the best colored man, he won’t notice you’re picking his pocket. Hell, give him somebody to look down on, and he’ll empty his pockets for you.”
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RuthB

Let's Get Paxumized!

Join Date: May 2005

Posts: 7248
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#49

10-20-2010, 06:45 AM

Originally posted by boneless

where the devil can i find out what the status of my card is? i applied for it they took the 44.95 from my account but nowhere i can find what status it holds, ie printed, shipped etc.

anybody able to point it out?

hi boneless.. I'll hit you up about this

As far as card status goes, you should be able to see that as soon as you login to your account, the first page that you see...

Actually, I just realized you have no contact details.. please hit me up so we can get this resolved

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

Last edited by RuthB; 10-20-2010, 06:48 AM.

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Davy

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Join Date: Apr 2006

Posts: 4323
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#50

10-20-2010, 06:46 AM

Originally posted by NanoBot

People are jumping to paxum like they jumped to crack in the 80's. It's not because paxum is a great magnificent company here to magically take care of the adult industry, it's because the sheep are following the sheep as usual.

Like I've said before, after the epass fiasco I've been on my "fuck a middleman" shit.. especially new ones that just popped up right after epass robbed(?) us. Like seriously, where the fuck did paxum come from? You can't just wake up and make one of these companies just because you feel like it one day. Paxum also lists companies on their sponsor list that don't actually use Paxum. Then the supposed owner of paxum and a goofy rep have 2 completely different excuses as to how that happens? Fuck outta here with that type of lying bullshit. Paxums office was a UPS P.O. box until somebody noticed, then they switched to a rent-an-office monthly solution right away. Looks like they did that just to shut people up. Either way, I'm not trusting my money with a company who doesn't even have a real location.

Not only that, but paxum is shrouded in secrecy. Who's the financial muscle behind these clowns? Who the fuck really owns this shit? Please let a nigga know. Lets not even get into the army of fresh 2010 new-booty nicks doing nothing else but hyping Paxum up constantly... And random other nicks just blindly supporting them... before anybody could even really use them yet. Nobody even had a paxum card yet, but there was a mob of supporters? Seems like the company is using fake nicks and buying out post whores to make themselves out to be great. Or some people know more about these fuck-sticks than others and don't want to let others in on it. The fuck kinda shit is that?

Paxums bank doean't even offer any type of insurance whatsoever on depositors funds. I know Paxum is not meant to be used as a fucking bank with people leaving lots of money in there, but if I get a nice sized deposit for whatever reason and shit hits the fan right before I have a chance to withdraw it (like just happened to me with epass) I'm not going to want to hear any of those "but it's not a bank" excuses... I didn't fucking use epass as a bank.

Quoted because I like the green font. And more people need to read this.

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ICQ 14-76-98 <-- I don't use this at all
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