Business Paxum Exchange Rate

[PornMySex]

Hello,

Paxum USD/Euro exchange rate are insane. And they don't allow to send USD wire to Transferwise so I can exchange it at a better rate there.

Is there a similar service as Transferwise accepted by Paxum?

I have Paxum USD and would need Euro on my bank account.

Thank you.

[SekobA]

yes it was happaning tp me either everytime i convert Eur/Usa i had feeling that is taking my money

[ladida]

Originally Posted by PornMySex

Hello,

Paxum USD/Euro exchange rate are insane. And they don't allow to send USD wire to Transferwise so I can exchange it at a better rate there.

Is there a similar service as Transferwise accepted by Paxum?

I have Paxum USD and would need Euro on my bank account.

Thank you.

Rates aren't that different. What you are not accounting for is the charge TW would take from you when you use the debit card. All debit cards for ever have had similar take. From epass, to payoneer, to several other platforms now dead, to now paxum. The exchange rate is the MC rate.
Or you're taking the ATM rate and you're not even realising it, which has a significant markup from the MC rate.

[PornMySex]

Originally Posted by ladida

Rates aren't that different. What you are not accounting for is the charge TW would take from you when you use the debit card. All debit cards for ever have had similar take. From epass, to payoneer, to several other platforms now dead, to now paxum. The exchange rate is the MC rate.
Or you're taking the ATM rate and you're not even realising it, which has a significant markup from the MC rate.

I'm not using the Transferwise card. I'm using transferwise to exchange USD to Euro and then wire it to my bank account in Euro. Fees are very low. But Paxum doesn't allow wire to Transferwise.

[ladida]

Originally Posted by PornMySex

I'm not using the Transferwise card. I'm using transferwise to exchange USD to Euro and then wire it to my bank account in Euro. Fees are very low. But Paxum doesn't allow wire to Transferwise.

Yes, and im telling you if you account the debit card fee from TW, you get similar fees as when you use paxum card. You're comparing apples to oranges.

If you are wiring from paxum to your bank, then your bank is screwing you. But you can't compare taking out USD from paxum debit to you wiring stuff from TW to yourself.