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Author Topic: Issues: Recommend *Against* Using Paxum Now  (Read 8661 times)
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August 10, 2011, 10:22:06 PM

Because Canada is in Europe.

Might as well be.
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August 11, 2011, 01:15:08 AM

I gave up on setting up a Paxum account as well.  In order to add a checking account, you need the bank's SWIFT-BIC code.  I understand that not all banks have a record with Swift and they often deal with intermediary banks when it comes to international transfers.  This would be fine, but the website will *NOT* let you set up an account with an intermediary this way because the primary account still requires a SWIFT-BIC code.  Seriously... the routing number+account number is not sufficient?  Huh

FAIL. Tongue

Huge pain in the butt.  At least Dwolla was easy to set up.  Perhaps the simplest means of withdrawing from Tradehill without incurring huge fees is to simple have them cut you a check and send via U.S. Post.  

And having a razor sharp image of my driver's license rejected (taken with my Thunderbolt's 8MP camera in full daylight with no image cropping) is a joke.  The image was perfect enough that I could have laminated it to a plastic card and used it in place of the original and no one would be the wiser.

Wouldn't it be great if there was a currency you could use without all these pesky obnoxious banks and ridiculous fees?

That said, your bank certainly fails if they can't give you clear directions on how to receive an international wire. I can't say what might have happened with your driver's license image.

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December 17, 2012, 12:11:17 PM

What is Paxum and why I should need it? Never heard of them.

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December 17, 2012, 03:17:55 PM

It WAS accepting Bitcoin at one point, but dropped out of it for some (legal ??) resaons.
Its a financial services provider that built a reputation to facilitate payments for porn in the US (anonymous and stuff).
It still does AFAIK, but not with BTC anymore.
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