|
shoot me down if I'm wrong but...
From what I read, wirecard are only 'facilitators' for the transactions and don't 'hold' the money.
Paxum 'holds' the money attached to the card and the money is/should be ring-fenced in a separate account. Using my card recently, some transactions have been blocked and the reply to my query has been "we" (Paxum) do not allow this type of transaction.
So Paxum could withdraw the funds from the 'ring-fenced' account and credit the account holders?
But then again, if this was true, Paxum could blame Wirecard and pocket the lot.
hmmm...I wonder what they'll do? :D
|