Welcome to the Paxum discussion summary. This thread is a comprehensive look at the experiences, challenges, and solutions offered by our community regarding the use of Paxum for financial transactions. Here's what has been discussed:
- Concerns about the high fees associated with withdrawing money from Paxum, including the cost of transferring funds to external cards and currency conversion rates.
- Various alternatives to Paxum were explored, such as ePayServices, cosmo, epay, Skrill, and masspay, though many were found to have similarly high fees.
- Discussion about the practicality of avoiding taxes on withdrawals and the implications of doing so, especially in the context of the European Union's banking policies.
- Concerns surrounding the ethics of continuing to use Paxum following accusations against the company's CEO, and the potential risks associated with having funds in the platform.
- Options for withdrawing funds from Paxum in Spain, including wire withdrawal, EFT (local bank transfer), withdrawal to an external credit card, and the Paxum Unionpay Card, which allows for instant transfers to the card and ATM withdrawals.
- The importance of handling taxes independently when using Paxum, as the company does not provide tax services.
- Exploration of alternative payment methods, including international wire transfers, using cryptocurrency for lower fees and faster payouts, and the challenges of platforms not supporting wire transfers.
Members shared personal experiences and advice on navigating the complexities of financial transactions within the webcam modeling industry, highlighting the importance of carefully considering fees, ethical concerns, and tax implications.