Paxum is a payment system that appeared not so long ago. Her appearance began to be associated with ambitious and dynamic development.
When and by whom was the Paxum system founded?
Paxum, reviews of which are growing exponentially, was created in 2010. That is why it is considered one of the most recent payment systems. Many experts assumed that the system is doomed to poor-quality work, which in principle is characteristic of many recently created tools. The quality of Paxum’s work is determined by the fact that its staff employs the lion's share of employees of another very popular Epassporte system.
Paxum Inc was founded in 2007 in Canada. The most useful and effective features of Epassporte have found their beginning in the new system.
The specialization of this project is not able to surprise us with anything - its creators did not invent a bicycle. It is focused on the IT industry with online payments for purchases, Internet services, transfers, as well as cash withdrawals to bank cards. This specifics of the work is quite well-known, but still stably finds its consumer in the market.
In what currency do transactions occur in the system?
I would like to say right away that in Paxum registration without fail requires opening one or two types of account types. Paxum Personal Account - the first (Personal 0, which is what its name says). Paxum Business Account is a business account. Inside each of the accounts there are two different user profiles - Checking and MasterCard.
How to make withdrawals and transfers in Paxum?
For transfers within the system, we use the Checking Account. And in order to cash money from the card, we will use the MasterCard Account.
This all provides us with the possibility of internal transfers, as well as the withdrawal of funds in any currency - both electronic and national. There is a function of converting from one currency to any other. Online exchange exchanges are special for these purposes, their immediate advantage is that they work online and allow you to make an instant exchange of funds in Paxum.
Availability and system features
On the Internet, this payment resource has been available to users since 2010. At one time in our immense worldwide network there was an ePassport project, which, unfortunately, was closed. Because of this, many are wondering if Paxum will become its follower, because the same experts are working on both of these projects. But, frankly, the prospects of our "newbie" are bright, because for its fairly short time, the system was able to acquire fans, as well as attract many partners and webmasters. As you know, consumer requirements are significantly high, since we all want to receive quality service. This is exactly what the project development team is working on, and the reviews on the Paxum network confirm this.
The official site of the payment system works exclusively in English, there is no Russian-language interface. But if you possess at least basic level skills, you can easily understand the step-by-step instructions provided for performing operations.
The system has its own rules, as well as conditions - you need to familiarize yourself with them. If at the bank the interest on the client deposit account “falls” with passive participation of the client, then in this payment system it is possible to earn profit only with user financial activity in an electronic wallet. The client’s actions are spelled out step by step in the rules and conditions of the Paxum system (what percentages can be obtained, including).
How is registration in the Paxum service?
- Check out the official Paxum.com website.
- Fill in the fields with personal information.
- At this stage, you will need a scan of your passport or other document proving your identity (individual pages of importance). Necessarily with a photograph in order to confirm the entered information.
- Debtors in the housing sector will not be able to register, as it is necessary to provide a receipt for the last month, confirming the absence of your debt for housing and communal services.
- Within two to three weeks, you will receive a registered plastic card of the MasterCard payment system (it will be tied to the account to withdraw funds, as well as to replenish the account).
In addition to the benefits, there are limitations - they are spelled out in the terms and conditions.
The limitations of the payment system are as follows:
the monthly limit for withdrawing and withdrawing cash from the system is ten thousand dollars;
the daily limit for crediting and withdrawing funds is not more than $ 2,500 or ten payment transactions;
You can withdraw money in any locality of the world only through the received Mastercard card;
two dollars will be debited from your account for cash withdrawals;
in order to find out the balance, you will pay 50 cents;
when transferring within the system, the commission will be 25 cents;
if the transfer is made using MoneyGram or Western Union, the commission fee will be $ 5;
To pay for purchases on the eBay website, you can link a PayPal card to our account;
Paxum General Information - Reviews, Pros and Cons
With all the advantages of a payment system, it has certain disadvantages.
The pluses include:
• high speed of transferring funds from wallet to card;
• transfers between Paxum accounts are carried out instantly;
• the commission is absolutely low;
• issuing and delivering a card to your home is absolutely free, and annual service costs only $ 45 for a full year of service.
The cons include:
• a Russian-language interface is not provided on the site and is unlikely to appear there in the near future;
• for the system, the biggest drawback is the ability to launder money, because it causes incredible damage to very many - from individual users to the state economy as a whole.
For the safety of users from fraudulent activities, the creators of Paxum (whose reviews are only positive) strongly recommend that you follow all the prescribed rules and safety measures, because it is then that the service becomes comfortable for the consumer and protected. In no case do not create simple passwords and do not transfer confidential data to third parties.
What fees are provided in the system?
Each transfer within the system will be charged with a Persional Account, it will be 0.25 USD, and with a Business Account - 1 USD. To transfer money, you must first transfer it to MasterCard (the user receives it during registration). Regardless of the transfer amount, the Paxum-MasterCard commission is fixed at 0.25 USD. Cash withdrawal will cost the user 2 USD for each transaction. For the payment of goods and services, the amount of the commission payment will be $ 1, but this is only if you pay in rubles or another currency (except for the dollar).
What restrictions apply?
The daily withdrawal rate is not more than 2500 USD. The monthly limit is $ 10,000, the transfer within the system is equal to the sum of the monthly rate. But the amount of funds stored in the account has no limit.