Originally Posted by Tasty1

Please be advised that the Paxum SEPA Mastercard backed by Wirecard Card Solutions Limited has been temporarily suspended, effective immediately. All existing Paxum SEPA card funds remain safe and secure, however already loaded card funds cannot be accessed at this time. We sincerely apologize for the lack of notice.

Earlier today the Financial Conduct Authority (FCA) issued a declaration for the immediate suspension of Wirecard Card Solutions Limited regulated activity. Unfortunately this means that the funds on your Paxum SEPA card have been frozen and are temporarily unavailable for you to access and withdraw. You can read more about this here - [https://www.fca.org.uk/news/news-sto...-authorisation[

While Paxum has no way to release the already loaded card funds, we continue to offer alternative withdrawal methods to all clients for future funds/earnings. From WIRE withdrawal to External Card Withdrawal and ACH/EFT in some regions, there is a variety of options plus the Paxum Unionpay card remains available.

It is important to note that this action by the FCA only affects the Paxum SEPA Mastercard. The Paxum Unionpay card has a completely different card issuer and is fully available to use.

Here's a quick breakdown of some questions we anticipate you will be asking.

What caused this?

The Financial Conduct Authority (FCA) suspended operation of Wirecard Card Solutions; our card-issuing partner for the Paxum SEPA Mastercard.

Is Paxum in trouble?

No, Paxum has not done anything wrong and is only affected because Paxum SEPA Mastercards are provided and issued by Wirecard Card Solutions Limited. Paxums' business remains fully intact and completely operational.

Does this affect the Paxum Unionpay Card as well?

No, the Paxum Unionpay card is not affected by this situation, it remains fully operational and can be used as normal worldwide.

What does this mean for my money?

Any new funds sent to your Paxum account can be accessed through the various options described earlier in this email; Wire, External card withdrawal, EFT, Paxum Unionpay, etc. All funds already loaded to the Paxum SEPA Mastercard remain safe and secure, unfortunately they cannot be accessed at this time.

When will my money be released?

The FCA suspension occurred earlier today (Friday, June 26th 2020) and we have no further information at this time. You will eventually be able to access your Paxum SEPA Mastercard funds, but the FCA must first release the funds, which can take time.

As soon as we are informed of any further actions we will immediately update you.

Sincerely,

The Paxum Team

Originally Posted by magnatek

So.How much?
I lost almost 2k $ only.

Originally Posted by ladida

Payoneer is also in shitter, their cards were wirecard.

Originally Posted by AutumnBH

I just got a message back from Epayservice support and the guy said that they definitely don't have anything to do with Wirecard. The debit cards are issued by an English outfit called PSI Pay. There's not much info about PSI Pay on the net but they have some sort of a partnership with Western Union, so they can't be that small.

Epayservice has been really good so far, I've been using it extensively for a year or so now. No real complaints except that withdrawals to an external Mastercard debit card at my bank don't work for me (although that might just be my bank, not Epayservice's fault) and they don't have a way to get back up codes for 2FA.

Originally Posted by buscaero

The same story again after all accounts of ePayments were frozen by FCA on February.

Originally Posted by lucas

Looks like the payoneer users have blocked everything up to $10,000 because payoneer is keeping all money below $10k on card.

Originally Posted by webgurl

Amazing that you prewarned everybody weeks ago and it happened. I never come here anymore and the only reason I stopped by now is because I was going to check if there was an issue with Wirecard or Paxum since I was unable to withdraw funds on WC. Im in Berlin and I didn't lose that much but it still sucks. Yes this reminds me of Epassporte all over again, I was there for that fiasco and remember I said to myself never keep my $$ in these E-wallet type companies but WC is not some little company so pretty surprising, it went down this fast. Too bad I didn't come to GFY earlier to see this thread.

Originally Posted by Tjeezers

Time for Funny Images

Originally Posted by porncargo

who keeps half a milion on a prepaid card?

Originally Posted by Tasty1

At least, that is what i would have done if i had one....

Wirecard shares plummet 65% as embattled payments firm says $2.1 billion of cash is missing

Wirecard shares plunged on Thursday as the German payments giant postponed its annual results once again, and said auditors could not confirm the existence of 1.9 billion euros ($2.1 billion) in cash on its balance sheet.

The Munich-headquartered company said in a statement Thursday morning that auditor EY couldn’t find the cash balances — which represent roughly a quarter of its balance sheet. There were indications that “spurious balance confirmations” had been made by a trustee to “deceive the auditor and create a wrong perception of the existence of such cash balances,” it added.

“The Wirecard management board is working intensively together with the auditor towards a clarification of the situation,” the firm said. It added that the delay in getting its accounts signed off by EY could mean loans of around 2 billion euros would be called in early this week.

Wirecard’s share price cratered immediately after the news, with its value falling as much as 66% at one point. Shares were down 47% by 06:40 ET.

The embattled group has fallen from its position as one of Germany’s top financial technology darlings to a company mired in controversy due to allegations of fraud. The firm was at one point last year worth more than 24 billion euros and even replaced Commerzbank in the German blue-chip index, but has since seen its market capitalization decline to just 6.5 billion euros

The Financial Times has published a series of reports on its investigation into Wirecard’s accounting practices. According to those reports, which began back in January 2019, Wirecard’s Singapore office tried to inflate revenue through forged and backdated contracts. Another story in October claimed that Wirecard’s staff appeared to conspire to inflate sales and profits at subsidiaries in Dubai and Dublin and mislead EY.

Wirecard was not immediately available for comment on these reports when contacted by CNBC.

https://www.cnbc.com/2020/06/18/wire...al-report.html

Originally Posted by porncargo

Since the ePassporte fiasco, every time I get a new card, I check the bin number of that card, to get info about the issuer/processor.

On a side note, I just created a new ePayService account, and in the signup process, you have to describe how you plan to use the account and where will you get the money, with links. I don't want to put links to the chaturbate affiliate program in my application form. What other options do I have?

Originally Posted by porncargo

Yes, Chaturbate is offering ePayService as a payment option

Originally Posted by porncargo

Since the ePassporte fiasco, every time I get a new card, I check the bin number of that card, to get info about the issuer/processor.

On a side note, I just created a new ePayService account, and in the signup process, you have to describe how you plan to use the account and where will you get the money, with links. I don't want to put links to the chaturbate affiliate program in my application form. What other options do I have?

Originally Posted by porncargo

The Paxum card is working again.

Originally Posted by Tasty1

If it works again, empty your wirecard