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Withdrawing funds from Paxum using Revolut service

Discussion in 'Business & Tax Advice' started by mclpl, Sep 5, 2018.

  1. mclpl

    mclpl Registered Member

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    READ THIS PARAGRAPH AS IT IS VERY IMPORTANT! I cannot guarantee if that method will be working for you. I cannot be held responsible if you lose your money, because different countries may have different ways of handling these kind of things. This method was tested in Poland, and it says that you CAN NOT withdraw money this way in : Canada, USA, Israel or Japan. There is a chance that this method will become obsolete any given time.

    Hello. As you may notice, Paxum been a pisstake for quite some time. After 4 months I still havent received my CC, and I believe most of you, who registered for Paxum after fall of the FirstChoicePay are in the same spot. There is a method however to access your funds. Using External card transfer.

    External card transfer lets you use your bank credit card and load funds into it. But there's other option. You can use Revolut credit card to load funds into it. Revolut is simple cc service that lets manage your money and convert it into different currencies on acceptable rate, very handy in online shopping or travelling. So, quick look on how to get Paxum funds for use in Revolut.

    1. Register and activate an Revolut card. Probably you'll need some funds in it beforehand, and you have to pay for the CC delivery and activation. Just go to Revolut.com download an app and register from there.

    2. Use Paxum credit card transfer. Use Withdraw Funds, then go to "Withdraw Funds to External Credit Card". Click on Add Credit Card, insert your CC details, save it. Then go back, choose your CC, select ammount to withdraw, type any description, and don't forget to check the checkbox what basically says they're covering their own arse. Then get get your approval code. What's that? It's an early-90's type of Paxum security (joke), basically you should get your approval code table on email when you registered for Paxum, but you can always click on the link "Approval codes table" and request current/new table. Once it's done, you can click continue and wait FEW DAYS for it to load into your Revolut account. Quickest transfer I had was just one day, and the longest was about 5 days.

    Hope this helps. Cheers
     
  2. cpaforever

    cpaforever Junior Member

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    helpful post thanks , they not seem to support adult source . how you convince them about this ?

    i work on adult too .

    "use the Revolut Services to conduct activities pertaining to adult entertainment/pornography, auction houses, charities, chemicals and allied products, dating and escort services, binary options, legal services, political or religious organisations, video game arcades or establishments and business claiming to trade in prime bank guarantees, debentures, letters of credit or medium term notes;"
     
  3. mclpl

    mclpl Registered Member

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    Revolut is a middleman in all this mess, they are not receiving your adult funds directly, Paxum does. From my understanding you're just transfering your own funds
     
  4. cpaforever

    cpaforever Junior Member

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    thanks , i mean revolut request to verify source of income, at some point ask for invoices or bank statements .
    https://blog.revolut.com/what-is-source-of-funds-and-how-does-it-affect-me/
    https://community.revolut.com/t/verify-income-source-limit-reached/21204/2
    paxum though is not a bank it has a current account which can used for this purpose of verification .
    didn't signup with revoult but considering making account , however better to know now how to deal with this situation .
    i'm in same boat as you btw , i didn't receive my card from paxum since 4 months .... terrible service and kinda operated by crooks .
     
  5. mclpl

    mclpl Registered Member

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    I was using revolut for more than a year, but was using it mostly with my bank account. Funds from Paxum were received as "refund" https://i.imgur.com/z93EM1r.png . I guess they won't chase you if you are from EU and using small ammounts of money, that's why using this method is like stepping on a thin ice. I got most of my funds successfully from Paxum using this method, only left with like $7. and, btw, my card arrived "only" after 114 days
     
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  6. cpaforever

    cpaforever Junior Member

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    thanks for feedback :) , i'm not in EU but i may change my invoices to appear non adult .
    or i may send the funds first to transferwise . i'm happy that you received paxum card . i'm thinking seriously to close my account with paxum as they did not respect time frames they stated .
     
  7. mclpl

    mclpl Registered Member

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    I received their card but won't use their services. Already using cosmopayment and happy with their services, I verified my account after exchanging maybe 6 messages with them on twitter and submitting one document, I've done it within a day.
     
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