Paxum money in case if person has died?
 

I'm interesting what happens with money in Paxum account, if person has died?

Got me interested.

Stay in the account until the yearly fees deplete it... Same thing can be asked for all online accounts like PayPal and skrill

:2 cents: . . .

Very wrong information in this thread. Obviously banks and payment services cannot keep the money for themselves if someone passes away. They are obliged to give it to the heir.

The person has to show them the proper documents, and they will get the money.

Here is it in the case of PayPal. Paxum must have a similar procedure.

https://www.paypal.com/us/selfhelp/a...lative-FAQ1694

there was a serious case about a young boy who has 100k in bitcoins, died, and dad hasno idea has to cash em out..

It will be used in a paypal trade by marlboroack.

:1orglaugh

The money belongs to the estate. So there's probably a procedure where the executor sends in the death certificate and probate papers and the money is released.

Works like any other asset. Can be claimed.

If the company is based in the US i'm pretty sure they have to turn it over to the state.

What about situations where the family doesn't know that the account exists? Because none of my family members know a thing a about online payment services. I'm too young to be thinking about a will too... So what would happen?

It's never too early to be thinking about a "will" or providing general instructions to a couple of people you really trust. My own mother and another relative have in a sealed envelope details of all assets and liabilities, including signed limited POAs. In addition, I have pre signed numerous checks in their names, and left them debit cards with PIN codes, in the event of any serious emergency or death. :2 cents::2 cents:

I mean this:

Does Paxum will pay money to family of person who died?
Or this money will be profit of Paxum?