MONTREAL – Fulfilling its pledge to put its conserved resources to good use by expanding the services available to its clients, Paxum has added a new withdrawal option: withdrawal to external credit/debit cards.
“From time to time we have experienced difficulties stemming from Paxum’s card issuer such as transfer delays and other inconveniences that we do not want our valued customers to experience,” said Paxum CEO, Octav Moise. “We want our clients to always be able to access their money instantly and easily, so we have been working hard to introduce some additional withdrawal options to ensure there are many options available when it comes to withdrawing Paxum account funds.”
Paxum also recently implemented RON EFT for Romania, and the company said the next phase of its service-expansion plan is to introduce EFT withdrawal for other countries, as well.
“It is important to us that our customers have a choice when it comes to accessing their money.” Moise added. “With our recent and upcoming changes Paxum clients can always access their money quickly and easily.”
The new withdrawal option enables verified clients to instantly withdraw their account funds to an already existing external credit or debit card issued by their local bank or other entities. The withdrawal option can be used with debit and credit cards issued around the world and withdrawn funds are received on the external card instantly. (Paxum notes, however, that “all debit and credit cards are accepted except cards issued by financial institutions in Canada, USA, Israel and Japan.”)
The fee for withdrawal to external debit/credit card is a flat fee of $6 USD per transaction plus 2.95% of the withdrawn amount. Maximum limits will be $2,500 USD per day, with a $15,000 USD maximum withdraw per month.
As an example of how the fee is calculated, Paxum offered a hypothetical in which a $100 USD withdrawal to an external credit/debit card will incur a fee of $8.95 USD, which represents the flat fee of $6 plus the percentage fee of $2.95 (2.95% of $100) for a total of $8.95.
The instant withdrawal to external credit/debit cards as to an existing portfolio of options for Paxum clients which already included wire transfer, EFT, ACH, and instant withdrawal to the Paxum card.
To learn more about Paxum, or to register your free account please visit Paxum.com.
