MONTREAL – Paxum Inc has announced major changes to its global ewallet payment platform, including the introduction of EUR IBAN accounts and third-party incoming and outgoing payments, designed to offer greater payment flexibility to clients.
“In our continuing efforts to provide the most versatile and practical ewallet payment service we are thrilled to implement EUR IBAN and third-party options for our clients.” said Paxum’s CEO Octav Moise. “We pride ourselves on the ease of use of our platform and with these changes things just got even easier.”
EUR IBAN accounts are now enabled by default for existing and new clients with a Paxum EUR currency account Every Paxum account-holder with EUR IBAN will be given an individual IBAN in their name. Paxum clients can use their EUR IBAN account to receive EUR currency payments to their Paxum account from external sources and from themselves. Paxum clients also can apply for permission to receive third-party USD payments and to send third-party USD and EUR payments, but third-party payments are not yet available to USA based clients.
Fees associated with the new third-party operations are percentage-based with listed minimums. Loading funds and transferring funds by wire or ACH/SEPA will be 0.5% for EUR transactions and 1% for USD and other currency transactions. Interested clients are advised to contact their Paxum account rep, or to open a support ticket for more information.
“Freelancers and affiliates should jump on this,” said Ruth Blair, head of marketing for Paxum. “It’s a great way to consolidate EUR payments into one location where you can easily access all your earnings.”
Another aspect of Paxum’s latest upgrade is a substantial reduction in fees for Paxum EUR currency account-holders.
Loading EUR funds by wire transfer now has a $10 USD fee, which is down from $50 USD. Clients can also add EUR funds by SEPA, for a fee of $5 USD. Withdrawing EUR funds by wire is now $40 USD, reduced from $50 USD, and to withdraw funds by SEPA is now $5 USD instead of the previous EFT withdrawal option at $8.95 USD.
For more information, visit www.paxum.com, or contact your Paxum account representative.
