Welcome to the private summary of the Paxum discussion in our professional forum. This thread covers a range of questions, experiences, and advice about using Paxum for financial transactions, especially focusing on currency conversion, withdrawal fees, and technical issues.
- Members discuss the efficiency of converting USD to GBP through Paxum or through their own banks. Concerns about conversion rates and associated fees are raised.
- Withdrawal methods are a hot topic, with a comparison between local bank transfers (SEPA payments) and wire transfers. Local bank transfers are noted to have a lower fee of $2.50, while wire transfers are more costly, around $40.
- The cost of transferring money to a credit card via Paxum is mentioned as being expensive, with a specific example of a $5 charge on a $20 transfer.
- There is a discussion about the availability of alternative payment options on various sites, with some members expressing a preference for Skrill or Comso due to lower fees compared to Paxum.
- Technical issues with the Paxum site and app, including slow loading times and accessibility problems, are reported. However, these issues seem to be isolated rather than widespread.
- A closed and inactive main Paxum thread since 2018 is mentioned, indicating possible gaps in forum organization or updates on this topic.
Members share personal experiences and tips for navigating the complexities of using Paxum for their financial transactions, emphasizing the importance of choosing the most cost-effective and reliable methods for withdrawals and currency conversion.