Canadian payment system Paxum is increasingly gaining popularity. This service allows you to open accounts, pay for purchases in online stores and perform other financial transactions.
This article provides a detailed analysis of the Paxum payment system.
Functionality
Official website: paxum.com
The owner of the platform is Paxum Inc. - is part of a large global corporation.
Using this service, individuals can receive and send money transfers, withdraw funds through Paxum Prepaid Card).
Corporate clients have the following benefits:
- Bulk bank transfers to clients around the world, bulk EFT transfers;
- Lower payment costs;
- Competitive pricing.
Paxum has developed strong relationships with cam platforms over the past few years. Since incoming and outgoing payments are managed on one platform, the time it takes to complete payments has been significantly reduced. There are no registration fees, no monthly fees, and no minimum account balance required.
The interface is simple. You can manage your account directly through your browser; no additional software installation is required.
You can pay with a personalized card in hotels and shops; a PayPal account is linked to it. If the client does not pay in dollars, the funds are converted into the desired currency automatically.
- Annual Maintenance: $44.95.
- When withdrawing to a Paxum WebCamCash card: commission of $5, it remains unchanged.
- When transferring to an account: commission 3% of the transfer amount, but not less than $100.
- Transfer from another e-wallet to Paxum card: $0.25 fee.
Checking Account - a typical wallet. The maximum daily transfer is $10,000. There is no limit on the amount of storage: you can store hundreds of thousands of dollars.
MasterCard Account is used to withdraw money and transfer money to a MasterCard bank card.
Interface language
The service website is multilingual: Russian, English, Spanish, French, Italian, Portuguese, Romanian, Ukrainian.
Account types
Clients are offered 2 types of accounts (personal and business) and several types of accounts.
Personal account
Personal account is suitable for individuals.
In the registration form you must indicate: email address, mobile phone number, address (city, region, country), postal code and 8-character password.
Business account
Business accounts are designed for corporations making bulk payments to employees, affiliates, freelancers and workers around the world, as well as for those receiving payments for products or services.
The registration form requires you to enter company and personal information:
- Taxpayer Identification Number,
- Tax residency,
- Country of citizenship,
- Occupation,
- Approximate expected amount per month for withdrawal and receipt), source of income, sites (from which the account owner receives payments), purpose of the account, services provided or products sold.
Service Features
The service has a mobile application. You can download it from the App Store or Google Play. The application is free and does not overload the system. Registration with mobile phone number is required. The application allows you to view your transaction history, check your balance, and transfer money from anywhere in the world.
Personal account
You can become a Paxum client in 3 simple steps:
- Register an account.
- Upload documents.
- Start sending and receiving payments.
Access from Russia
The service is available in the Russian Federation.
Pros and cons
Pros:
- EFT transfers are available in over fifty countries and over twenty currencies;
- P2P transfers are possible;
- You can transfer funds to almost any MasterCard or China UnionPay card around the world;
- You can use a Paxum prepaid card;
- You can receive payment in more than 14 currencies;
- Virtual accounts in the US and EU;
- Multiple withdrawal options;
- Full REST-based API integration available;
- Clients are guaranteed the safety of finances and reliability of mutual settlements.
Cons:
- High fees;
- The office is located outside of Russia;
- There are limits on card withdrawals ($2,500 per day and $10,000 per month);
- You can add more mailboxes, but the one that was added initially and marked as the main one cannot be changed.
Video review
Reviews
A client's review is his personal impression of the service provided by the company. Such reviews - both positive and negative - are valuable feedback for the service and are worthy of attention.
As stated on the website, the Paxum service is used by more than 250,000 clients and about 5,000 companies. Opinions about the work of the service can be found on various resources.
