QUEBEC CITY – Escrow services can provide both buyers and sellers with peace of mind by insuring both ends of a transaction are as advertised before money changes hands. Increased security is one reason Paxum added an escrow payment option to its list of ewallet services for the adult industry.
“Our new escrow transfer feature offers Paxum clients increased security and flexibility for payment management.” said Business Development Manager Ruth Blair. “Escrow transfers provide clients with the option to issue a payment that can be held for a specified period of time before it is released with the approval of both the sender and the recipient. In addition, once released, the funds can be withdrawn to one or multiple Paxum accounts.”
Payments initiated via Paxum Escrow Transfer are placed in suspended status for a buyer-defined period of time until both the issuer and receiver of a payment have approved the exchange.
Escrow transfers may be initiated by any verified Paxum client, whether the account is business or personal. For clients that receive payments they then distribute to others — cam studio owners to cam performers, for example — the escrow transfer option allows direct distribution via individual or bulk payments.
The escrow transfer system allows cam studio owner to bypass depositing payments into their own accounts and then redistributing the wealth by holding lump-sum earning in an escrow account. Payments in escrow may be distributed directly to cam performers, eliminating the extra step in the middle. According to a Paxum spokesperson, the system may have significant income tax benefits, among other things.
In keeping with Paxum’s slogan “Pay with Ease,” escrow transfers are simple to complete and cost exactly the same to send as person-to-person transfers. The escrow system is available to all verified Paxum users.
For more information, visit Paxum.com.
