Paxum Withdrawal USD

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

MrJT14 said:

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

Click to expand...

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

MrJT14 said:

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

Click to expand...

How big a hit are we talking about?

Project Limitless said:

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


How big a hit are we talking about?

Click to expand...

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

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.

HeadOfSeo said:

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.

Click to expand...

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