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

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. :thumbsup

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 :1orglaugh
Use the search function man .. I'm tired to see all those questions over and over again.

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

paxum looks good

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 :1orglaugh

:winkwink:

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.

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

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.

Thanks for the clarification here Steve.

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.

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..

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

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 :winkwink:



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

:2 cents:

Man are you on drugs? :helpme

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

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

We will soon announce that we pay through Paxum too

Haters get ready to shit more kittens!!

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

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

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

:1orglaugh :winkwink:

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

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.

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

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.

:thumbsup

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

Money was coming too fast to think what to do with it :winkwink:

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.

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 :thumbsup

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.

Loadedcash not supporting paxum

ok thanx

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.

:thumbsup

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.

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

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

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