What is paxum?
Paxum is a global e-wallet payment service based in Montreal, Canada. Incorporated in 2007, Paxum is registered as a global money services company, allowing Paxum customers to send money anywhere with a single email address. Sign up for Paxum now. When you want to send and receive payments INSTANTLY with just one email address anywhere in the world, Paxum can help! Paxum is a profitable specialty for employers to send bulk payments to your employees, affiliates, customers and suppliers around the world. The easy-to-use Paxum interface allows business owners to send hundreds of payments at the same time, saving a lot of time in the process. Secure, private and anonymous, the Paxum e-wallet makes sending and receiving payments a breeze. Pompă and easy around the world If you send money to employees, affiliates, publishers, contractors, friends or family, or if you get paid for instant access to your money; Paxum is a , effective and economical solution.
What services does Paxum offer to its users?
Bank Transfers – Send worldwide bank transfers USA and LA virtual accounts: Receive SEPA Originate (Single Euro Payment Area) and ACH (Automated Clearing House) payments directly to your account Originar Bank Transfers: Available in more than 50 countries in more than 20 Fund Any Card currencies: Send funds to any VISA or MASTERCARD
What advantages does Paxum offer to its individual customers?
Get paid for your work.
Send payments to other Paxum users.
Receive payments from other Paxum users.
Dedicated EUR IBAN account for incoming payments in EUR.
ACH USA account dedicated for incoming payments in USD.
Multiple withdrawal methods, including Paxum prepaid card
How to access your funds through Paxum which are: Send and receive bank transfers Available in more than 50 countries in more than 20 currencies Buy and sell goods and services with instant transfers to other Paxum customers.
Fund any card
Transfer funds electronically to almost any Visa®, MasterCard® or China UnionPay® card worldwide. Withdraw funds from ATMs around the world and shop online or at originar stores.
Receive payments on Paxum
Paxum provides multiple methods to receive payments to your Paxum payment account in more than 6 currencies (USD, EUR, GBP, AUD, CAD, RON) Transfers from other Paxum customers Receive instant transfers from other Paxum customers. This is by far the most popular, fastest and cheapest specialty to fund your Paxum payment account. Wire Transfers All incoming transfers will be credited directly to your Paxum .ACH payment account. Receive a virtual bank account in the United States. ACH compatible with the United States (USD). The payee name will be on the account and you will be able to accept payments through the ACH network. This is ideal for customers working with US companies who can only pay to US SEPA bank accounts Select a SEPA virtual bank account with SEPA functionality. The payee name will be on the account and you will be able to accept payments via the SEPA network. This is ideal for customers who work with companies that can only pay on bank accounts. Transfer and Withdrawal Methods When you receive funds in your Paxum checking account, you have multiple withdrawal options; Transfer, check, EFT, to an existing credit / debit card and Paxum card Many customers also use Paxum Checking funds to send instant P2P payments to other Paxum account holders for goods and services such as hosting, traffic, domains, etc. With the Paxum Card, you have instant access to your funds anywhere in the world, and remember that transfers to the Paxum Card are IMMEDIATE, you don’t have to wait to put that money in your hands! Bank Transfers Wire transfers via the SWIFT network are one of the most comun ways to transfer funds around the world. Our network of banking partners allows you to transfer funds in more than 200 countries in more than 14 currencies P2P transfers Make instant transfers to other Paxum customers Fund any Visa, Mastercard or Union Pay card If you have a bank card (Visa or MasterCard) issued from your home bank, you can withdraw funds directly to your card. Funds generally arrive in less than 24 hours EFT Transfers Originar bank transfers are available in more than 50 countries in originar currencies. See the intregi list here. Unlike bank transfers via the SWIFT network, originar bank transfers, also known as EFT, are much cheaper. In some cases, it may take less than 24 hours for originar bank transfers to be credited to the account. IMPORTANT NOTE: The recipient’s bank account must be kept in the currency of origin. Originar bank transfers. Originar bank transfers are available in more than 50 countries in originar currencies: Paxum Prepaid Card The most popular withdrawal method is the PAXUM PREPAID CARD. Available in USD and shipped within days. Withdraw funds from ATMS around the world and shop online or in originar stores.
Why choose Paxum for bulk payments?
Paxum’s mass payment solution was designed with the needs of the most demanding business customers in mind. Pompă, efficient, safe and profitable.
Cheap
Low transaction fees, free monthly maintenance!
Worldwide coverage: 95% coverage across the entire worldwide correspondence network.
EFT Transfers: Payments from originar banks to more than 50 countries in more than 20 currencies
Multiple Payment Options We Offer Bank Wire Transfers, Originar Bank Transfers, Bank Card Funds, Debit Cards, Cash Payments Payment Methods Enhance your customer experience by offering multiple payment options: P2P Transfers Instantly send money to other Paxum account holders with a simple click. All you need is their email address. Bank Transfers Worldwide Coverage Transfers are sent via the SWIFT network and are the most comun money sending specialty in the world. More than 200 currencies are supported. The transfer time is usually between 24 and 72 hours. EFT transfers Originar bank transfers are a cost-effective alternative to traditional bank transfers via the SWIFT network. Funds are delivered to recipients in just 15 minutes. Compatible with more than 50 countries in more than 20 currencies IMPORTANT Note: The recipient’s bank account must be kept in the insolit currency Fund any Visa, Mastercard or Union Pay card The “Fund Any Card” solution offered by Paxum allows companies to transfer funds electronically to almost any Visa®, MasterCard® or China UnionPay® worldwide. While international checks and transfers can take up to weeks to complete, “Finance Any Card” transactions are normally settled on different business days or less. Personal account expenses Public fees Current account FREE monthly maintenance! IBAN account in EUR (for inbound SEPA transfers FREE! ACH account in USD (for inbound ACH transfers) FREE! Inactive account (inactive for more than 6 months) $ 5.00 per month. by bank transfer from own account (USD) $ 50.00 Account funding by bank transfer from own account (EUR) $ 10.00 Account financing by third party bank transfer (USD) 1%, min. $ 50.00 Account funding by third party transfer (EUR) 0.5%, min. $ 10.00 Account financing by SEPA transfer from your own account $ 5.00 Account financing by SEPA transfer from third parties 0.5%, at least $ 5.00 Account financing by ACH transfer from own account $ 5.00 Account funding by ACH transfer from third party 1%, min. $ 5.00 Fund transfer fees Transfer of funds to / from other Paxum account holders $ 0.25 Trust transfer $ 0.25 Transfer or of funds by bank transfer to your account (USD) $ 50.00 Transfer of funds by bank transfer to your account (EUR) $ 40.00 Transfer of funds by bank transfer to third party (USD) 1%, min. $ 50.00 Transfer of funds by bank wire to third party (EUR) 0.5%, min. $ 40.00 Transfer of funds from SEPA to own account $ 5.00 Transfer of funds from SEPA to third parties 0.5%, min. $ 5.00 Transfer of funds from ACH to your account $ 5.00 Transfer of funds from ACH to third parties 1%, min. $ 5.00 Transfer of funds to your own credit card (other than Paxum card) $ 6.00 + 3% Transfer of funds to another person’s credit card (other than Paxum card) $ 6 , 00 + 5% Factoring service fees Factoring service fee per claim $ 0.25 per complaint Paxum prepaid card charges Paxum prepaid card issuance FREE! Paxum prepaid card Annual fee $ 44.95 Transfer of funds from payment account to Paxum prepaid card $ 0.25 Withdrawal at ATM in USD $ 2.00 Withdrawal at ATMs in other currencies $ 2.00 + Conversion fee applied by
Point of sale transaction in USD currency FREE POS transaction in other currencies FREE Transaction declined $ 0.50 ATM balance request $ 0.50 PIN code change $ 1.00 Replacement card $ 44.95 Card delivery to address International Shipping – FREE! Express Shipping – $ 95.00 Dispute (chargeback) $ 40.00 Glossary – Terms of use of the Paxum platform services “Account” means an account made available to a User through which the User can transmit instructions or receive information in relation to the Platform Services; “ACH” means the payment transaction of the Automated Clearing House; “Affiliate” means, in relation to a Person, another Person who directly or indirectly owns or controls, is owned or any other proprietary interest is under or under comun ownership or comun control with the Person, or the principal partners, shareholders or owners of a Person. “API” means application programming interface; “Applicable Laws” means laws, statutes, codes, ordinances, ordinances, decrees, rules, regulations and municipal, national or foreign statutes, all judgments, ordinances, writings, mandates, decisions, resolutions, decrees and awards of any governmental authority having jurisdiction; “Request” means the paper or online request completed by the User when requesting the Platform Services, all of which are included herein by reference; “Data” means data related to User Data Transactions or Paxum Data; “Effective Date” means the date on which You electronically accept this Agreement online or make a written acceptance of the terms of this. “Property rights erudit” Means all patent rights, writer’s rights, disguised labor rights, moral rights, publicity rights, trademarks, registered rights, brand image and service marks, goodwill, trade secret rights and other erudit property rights that may exist now or in the future. existing, and therefore, all requests and registrations, renewals and extensions of the same, in accordance with the laws of any state, country, territory or other jurisdiction. “Paxum” has the meaning set forth in the preamble to this Agreement; “Paxum Data” refers to information relating to the Paxum System or provided to the User by Paxum through the Account or otherwise; “Paxum Entity” means any one of the Paxum Group; “Paxum Group” means any of Paxum, Paxum Inc (Belize) or any of its affiliates; “Paxum Payment Services” refers to any service through which Paxum holds or controls Your funds such as an e-wallet, payment processor, factor or other specialty service provider; “Paxum Payment Service Terms” means a Payment Service Provider Agreement between You and a Paxum entity; “Paxum System” means a cloud-based system managed by Paxum that allows the User to access their Account and initiate User Data Transactions; “Payment Network” refers to Visa USA, Inc., Visa International, Inc., MasterCard International, Inc. and any other credit or debit card issuing company; “Payment Services” means the services of the payment service providers in accordance with the agreements of the payment service provider, which may, at the discretion of the User and the payment service provider, include payment processing, l ” issuance of cash, cash advance services or other related payments and services; “Payment Service Provider” means Paxum or a third party, which, in each case, is also attached to a Payment Service Provider Agreement with You and acts in that capacity; “Payment Service Provider Agreement” means an agreement between you and a payment service provider in relation to the provision of payment services. Paxum Ewallet Terms of Use, Paxum Payment Processing Merchant Terms of Use and Paxum US Payor Prepayment Terms of Use are all, without limitation, Payment Service Provider Agreements; “Person” should be interpreted broadly and includes an individual, corporation, partnership, trust, other form of entity, unincorporated organization, the government of a country or any political subdivision thereof, or any agency or department of such government, and the executors, administrators or other legal representatives of the same, acting in that capacity; “Platform Service Fees” refers to the amounts for which users are obliged to pay in consideration of the platform services established on the site, as from time to time; “Platform Services” means the service of secure data transmission and real-time processing for multiple company payment methods to the company; “Product” means any product or service for sale or provided by the User; “Rules” means the rules and regulations of the payment networks, as they may be from time to time; “Site” means https: // www .paxum, or any other site that Paxum may use to provide the Platform Services; “User” means a person who has accepted this Agreement with Paxum for the Platform Services; “User Data Transaction” means information transmitted or attempted to be transmitted through the Platform Services and includes authorization, delayed delivery, sale, cancellation, voice authorization, consultation, verification, referral transaction, non-referential credit or transmission of data of credit between User, Paxum and a payment service provider. “User Deposit Account” means a User’s bank account designated by the User as the account from which the Platform Service Fees may be debited. rma, which may be an account with a payment service provider, “User Site” means the site or websites used by the User to solicit customers or accept User Data Transactions;
“Paxum Frequently Asked Questions”
How to open an account Opening an account is very simple. Simply click on the link and complete the application to immediately open an account. What is the minimum age? To open an account you must be at least 18 years old. Why do you require my identity verification documents? We are a licensed financial institution and we must comply with anti-money laundering laws. This requires that we identify all customers. The account verification process is straightforward and usually delivered within 48 hours. You will not be allowed to send money before verifying your true identity.
In which currencies can I open the account?
We offer payment accounts in USD, EUR, AUD, CAD, GBP, CHF, DKK, HKD, JPY, NOK, NZD, SEK, SGD, ZAR.
How safe is it to use Paxum?
Your information is transmitted to our servers via a secure connection. All your personal data is encrypted and access is only available to priceput Paxum Inc. personnel. All your payment transactions must be digitally signed with a secure code that is sent to your phone number.
How can I get money into my account?
There are several ways to get funds into your Paxum payment account. You can receive money via bank transfer (WIRE, ACH, SEPA) or from other Paxum account holders via instant P2P payment transfer.
Can i receive funds from third parties?
Yes you can. I want to be paid by a company that does not have an account with Paxum. How can I do it? You will need to invoice the company you wish to receive payment from. They will have the option to pay the invoice by bank transfer. The paid money will be deposited directly into your payment account.
What is a dedicated US ACH account?
No matter where you are, you will be assigned a dedicated US virtual account at a major US bank with your name in the payee field. If you work with US-based companies, this option will make your job a lot easier to pay for your hard work.
What is a dedicated EUR IBAN account?
Receive your IBAN account for payments in EUR at a major European bank with your name in the payee field. You can now easily receive SEPA wire transfers to your account which is great if you do a lot of business with other companies based in Europe.
How can I transfer money from my Paxum account?
We make it very easy for you to access your funds. See below which methods are available: To another Paxum account holder Bank Transfer EFT (Originated Bank Transfer) To any Visa / MasterCard / UnionPay card with another financial institution.
Can I transfer funds to third parties?
Yes you can.
How can I make bulk payments from a Paxum account?
All business account holders have the ability to optimize their global payments with our bulk payment solution. Simply upload a CSV or XML file or automate the process via API The following transfer methods can be used for bulk payments: Instant transfers to another Paxum account holder Bank Wire Transfer EFT (Originated Bank Transfer) To any Visa / MasterCard / UnionPay with another financial institution How can I apply for the card? You can apply for the card after providing us with all the necessary identification documents that permite us to verify your true identity. How long does it take to receive it? So publicly, your card will be ready to ship within 20 business days. Mail delivery takes 5-20 days. If you need your card delivered faster, you can choose a pompă delivery option for an additional fee. I just got my card. And now? You need to activate it in your account before you can start using it. Activation takes place in adevarat time and you can start using your card immediately. How do I add funds to my Paxum card? Transfer funds instantly from your Payment Account to your Card Account in the Transfer Funds section of your Paxum Account. What currencies are cards issued in? The Paxum prepaid card is available in US dollars Where can I use the card? The Paxum prepaid card is accepted all over the world. You can transact online or go to a store and make signature-based purchases, just like you would any other regular credit card. You can also use your Paxum prepaid card to withdraw money from most ATMs around the world. I found unauthorized charges on my Paxum card. What should I do? Log into your account and start a dispute or contact us by phone at 1-866-347-4781. What should i do if i lose my card? Contact us immediately by phone at 1-866- 347-4781 to report the loss or theft of your card. Your card will be canceled immediately and a new one will be reissued and sent to your location.How can I verify my Paxum card in Paypal? Once you have added your Paxum card to Paypal, within 2 business days you will see a PayPal transaction on your Paxum card statement in your Paxum account. The transaction will appear as PP * xxxxCODE, where XXXX is the code you need to enter on the Paypal website for verification. What is factoring? Factoring is a financial transaction and a type of debtor financing in which a company sells its receivables (i.e. invoices) to a third party (called a factor) for a fee. When does factoring intensify? Paxum will take into account all payments from EE payers. This means that we will buy your bills from the US Payer and pay ourselves. We will present this payment to the US payer and all payments for purchased invoices are now due to Paxum. How much does a factoring service cost? Paxum will charge business users $ 1.00 and personal users $ 0.25 for each US payer bill purchased by you.