Paxum Withdrawal USD

[MrJT14]

Hi all,

Does anyone have a solution for this problem -

I’d like to withdraw USD from Paxum to a USD account based in Europe, the problem is that Paxum will only withdraw USD to people based in the US

I was thinking about starting an LLC with a US bank account to withdraw the USD

The other option is to just take the hit and use the Paxum exchange rate and convert to GBP/EURO and withdraw

Would be interested in your thoughts

Thanks

 

[Project Limitless]

I was thinking about starting an LLC with a US bank account to withdraw the USD

Is the amount that big that you want to incorporate a company?

The other option is to just take the hit and use the Paxum exchange rate and convert to GBP/EURO and withdraw

How big a hit are we talking about?

 

[MrJT14]

Is the amount that big that you want to incorporate a company?


How big a hit are we talking about?

If my numbers are correct I’ll be losing nearly $1000 per month by using the Paxum exchange rate conpared to keeping everything in USD

I haven’t looked deeply into the LLC set up so I’m not sure how much work is required to set it up but I’m leaning towards that right now

 

[Fixgee]

For long term and high amount you can open llc, Also link the US Bank Account from Payoneer/Wise to your Paxum account may help you at this situation.

 

[MrJT14]

For long term and high amount you can open llc, Also link the US Bank Account from Payoneer/Wise to your Paxum account may help you at this situation.

Thanks! Paxum has blocked neo banks like Wise and Revolut so I think I will need to look into opening an account at an established US bank