Why are Paxum fees so expensive?
 

Funded my Paxum account 5211965032 for $1000

Paxum took $50 for that.

Why?

That's your contribution to the Paxum marketing fund, because it certainly doesn't pay for a risk management team :2 cents:

It's a lot, 2% should be maximum.

I must add that I used a Credit Card to fund my account.

So to fund $1000 paxum took $50

It's not even a bank wire where you have to pay some fees. So WTF?

You did't check paxum fees chart, before sending?

https://www.paxum.com/payment/fees.p...views/fees.xsl

Loading Funds By Credit Card 4.95% + $0.50

Parse error: syntax error, unexpected T_STRING in /home/femdom/public_html/xpornxtubex.com/config.php on line 22

on your demo page

They have to pay a processing fee to run your card, why should they pay that for you? You've been in this industry longer than I have, I am sure you don't think when you pay a merchant $1,000 with a credit card, that the merchant collects $1,000.

They take even more when you fund by bank wire.

And I still pay all the transfer fees.

Are you stupid? Sending a wire is cheaper or free.
Processing credit cards has a 3%+ fee plus gateway fees etc.

Someone has obviously never dealt with any transaction processing before.

It's a flat $50 to fund by wire, 4.95% by CC. So up to about $1000 it's cheaper with a CC, after that it's cheaper by wire.

Loading funds by ACH is only $5, not sure if that's an option for you but it sounds like it's worth looking into.

Thanks for sharing the info John :)

Marcus, as has been mentioned in this thread (thanks for the link seeandsee), Paxum offers various methods to add funds to your account.

Wire is $50 USD and the funds are usually delivered within 1-2 business days

External Credit Card is 4.95% + $0.50, with a daily limit of $1,000. Funds are added instantly

Add funds by Check/Money Order is $25 USD for business clients, and $5 for personal clients.

Add funds by ACH is $5 USD with a $2,500 USD daily transaction limit. This option is only available to US based customers at this time.

If you process your sites with Epoch or Segpay, both companies offer instant payout with Paxum. Talk to your Epoch or Segpay rep for more details.

Thanks for choosing to use Paxum! :thumbsup

It's still expensive.

If we take a $3000 account fund, then:

Wire = $40 fee from my bank to send it, $30 from your bank to credit it to you, $50 Paxum fee. Total: $120

Credit Card seems even more expensive (there is also a $1000 transaction limit, wtf?)

I guess I will have to keep Paxum use to a minimum. Funding several times a month ads up.

If you are a business owner then you do what makes sense for your business. Personally I don't use Paxum much cause I only have a couple guys on Paxum but I got a lot more on Payoneer. For me it makes sense to fund it 5,000 at a time, usually weekly and it saves me the expense of several dozen small wires from my bank account, a cost I would have to pass on to my affiliates and performers otherwise.

If I was doing 1000 at a time I wouldn't bother.

If you are not a business owner and are just using it to get paid, then let your sponsors worry about funding it.

Why are you using Payoneer more?

What kind of business are you in? Are you using it for affiliate payouts or something different?

I thought Paxum was more popular so I never bothered to hook up Payoneer.

I signed up for business accounts on both services simultaneously. I use it to pay webcam performers and affiliates. Usually smaller ones where a wire doesn't make sense. For some reason the first group came in with Payoneer cards and no Paxum so we got going with that, but most seem to have both if they have either. Just because of the way it started I usually do Payoneer. Recently I started encountering a few odd situations with Paxum only so have been using that a little, usually a last minute thing so up to now I fund with CC. (small amounts) It would be ideal to use both but I'm not so big yet that I can have extra cash laying around in accounts like that, everything is planned out beforehand.

RuthB, someone asked this question, some where else, maybe you could help answer their question.

RuthB, would this be possible? transfer money out of a unverified Paxum account? to buy scripts.

No you can not transfer funds out of paxum or to another paxum account from an unverified account.

Thank you for your answer Chris.

I find my card by selling shit and getting paid.