Paxum is a payment system that appeared not so long ago. Its appearance has become associated with ambitious and dynamic development.
When and by whom was the Paxum system founded?
Paxum, whose reviews 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 was doomed to low-quality work, which, in principle, is characteristic of many newly created tools. The quality of Paxum's work is determined by the fact that the lion's share of the employees of another very popular system, Epassporte, works in its state.
Paxum Inc was founded in 2007 in Canada. The most useful and efficient features of Epassporte have found their way into the new system.
The specialization of this project is not able to surprise us with anything - its creators did not reinvent the wheel. It is focused on the IT industry with online payment for purchases, Internet services, transfers, as well as withdrawals of funds to bank cards. This specificity of work is quite well known, but still consistently finds its consumer in the market.
In what currency do transactions take place in the system?
I would like to say right away that registration in Paxum will require opening one or two types of accounts without fail. Paxum Personal Account - the first one (Personal 0, as its name suggests). Paxum Business Account is a business account. Within 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 Checking Account. And in order to cash out funds from the card, we will use the MasterCard Account.
This all gives us the possibility of internal transfers, as well as the withdrawal of funds in any currency - both electronic and national. There is a function to convert from one currency to any other. Internet 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.
System availability and features
On the Internet, this payment resource has been available to users since 2010. At one time in our vast worldwide network there was an ePassport project, which, unfortunately, was closed. Because of this, many are wondering if Paxum will become her follower, because the same specialists are working on both projects. But, to be honest, the prospects of our “newcomer” are bright, because for their rather short time of work,the system was able to acquire fans, as well as attract many partners and webmasters. As you know, the requirements of the consumer are much higher, since we all want to receive a quality service. This is exactly what the project development team is working on, and the reviews available on the network about Paxum confirm this.
The official website of the payment system works exclusively in English, there is no Russian-language interface. But if you have at least entry-level skills, you can easily understand the step-by-step instructions provided to perform the operations.
The system has its own rules and conditions - you need to read them. If in the bank the interest of the client's deposit account "falls" with the passive participation of the client, then in this payment system it is possible to earn profit only with the user's financial activity in the electronic wallet. The client's actions are spelled out step by step in the terms and conditions of the Paxum system (including what percentage can be received).
How does registration work in the Paxum service?
- Go to the official website of Paxum.com.
- Fill in the fields with personal information.
- At this stage, you will need a scan of your passport or other document proving your identity (separate pages that are important). Mandatory with a photo in order to confirm the entered information.
- It will not be possible for debtors in the housing and communal services sector to register, since 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 personalized plastic card of the MasterCard payment system (it will be linked to the account for withdrawing funds, as well as replenishing the account).
In addition to the benefits, there are also limitations - they are spelled out in the terms and conditions.
The payment system restrictions are as follows:
- Monthly limit for withdrawing and withdrawing cash from the system is ten thousand dollars;
- daily limit for deposits and withdrawals is no more than $2,500 or ten payment transactions;
- you can withdraw money in any location in the world only through the received MasterCard card;
- two dollars will be deducted from your account for cash withdrawal;
- 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 eBay, you can link a PayPal card to our account;
Basic information about Paxum - reviews, pros and cons
With all the advantages of the payment system, it has certain disadvantages.
Pros include:
• high speed transfer of funds from wallet to card;
•transfers between Paxum accounts are made instantly;
• commission is absolutely low;
• The issuance and home delivery of the card is absolutely free, and the annual service will cost only $45 for a full year of service.
Cons include:
• The 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 possibility of money laundering, because it causes incredible damage to so 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 security measures, because it is then that the service becomes comfortable for the consumer and secure. Never create simple passwords or share sensitive data with third parties.
What fees are provided in the system?
From each transfer within the system, a fee is charged from the Persional Account, it will be 0.25 USD, and from the Business Account - 1 USD. To transfer funds, they must first be transferred to MasterCard (the user receives it upon 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 operation. For the payment of goods and services, the amount of the commission payment will be $ 1, but this is only if you payin rubles or other currency (except dollar).
What restrictions apply?
The daily withdrawal rate is no more than 2500 USD. The monthly limit is 10,000 US dollars, the transfer within the system is equal to the amount of the monthly rate. But the amount of funds stored on the account has no limit.
