Paxum is changing
 

Just got this email

Paxum is changing the way you get paid from USA Business Account-Holders. As of today, all your invoices to US Payers, will be sold to Paxum and paid instantly by Paxum. We will present all purchased claims to the US Payer ourselves and collect the funds directly from the US Payer.

Also we are introducing the following additional fees to Paxum Account Holders in order to continue providing you with the best service possible:

Personal Account Holders will be charged $0.25 USD per received Paxum payment.
Busines Account Holders will be charged $1.00 USD per received Paxum payment.
All accounts that have no transactions for more then 180 days, will be charged $5.00 USD per month dormant account fee.

Please log in to your Paxum Account and accept the new terms to continue using your Paxum Account.

I got this too but I don't understand at all what it means. They're from an accounting point of view going to be reselling products and services? I mean other then the fact that they are now going to be charging us more.

Yep, got it too... still not sure what exactly that means (besides those additional fees).

they cloese all personal us accounts and missing now some money.
now ... they charge more fees from business account holders to cover the missing money.
and also from all another personal accounts word wide
:1orglaugh:1orglaugh:1orglaugh

Your payments will still be received to your account as usual. This is a seamless change in that regard, it is simply the mechanics of the payment that has changed. Now Paxum is purchasing and directly paying your affiliate invoices for US businesses. You shouldn't have to change anything.

We are also introducing a small receive fee for all accounts.

Fuck them, plus there is no good alternative.

I was only receiving occasional payments from one sponsor. Time to close the account.Dont need all those crazy fees.

I'm sorry you feel that way, but I don't know what you mean by crazy fees.

We added one fee of 25c per received payment for personal accounts or $1 per received payment for business accounts. Plus we added a fee that is activated only if your account is dormant for 6 months.

We haven't added to or changed our fees in almost 8 years. These fees are in line with our send fees and definitely reasonable.

I hope you will reconsider.
Thanks :)

Does this mean we get payments faster

Does this mean the techs get more money to fix the weekend problems ?

:error:helpme:upsidedow

So nothing else changes, payments will still show in my account when they are sent by the business, no delays?

But it will show from Paxum?

Awesome! :1orglaugh

Yes exactly, and you will still be able to clearly see which affiliate invoices have been settled (paid) into your account.

OK, I get it. Is this the only thing that changes for non-US affiliates?

RuthB!!!
Sorry my English is not native, do you still allow payments for adult PP?

Epayments as alternative :winkwink:

and they have prepaid card available too :thumbsup

Lol at people complain on 0.25$ fee. Unless you receive bunch of 0.50$ payments i dont see this as problem.

As he said, there is no good alternative for simple reason - most of sponsors support paxum only.

Yep, Paxum is supported the most and most of cam/dating programs support FCP as well, some of my sponsors added Paypal recently.

Paypal is charging 3.5%-4.5% per received transaction how much i know , so i dont find it as valid alternative :)

No, that is for a credit card transaction. People really need to read up on Paypal's fee structure and the difference in how the sender is funding the transaction.

Change is good and so is Paxum :thumbsup ...

That sounds, at least for me, a bit confusing.

Normally, affiliates do not send an invoice (request for money) to their sponsors through Paxum. But the sponsor takes the initiative based on a system outside Paxum, and send the payout through Paxum or by other methods. Or, is this process incorporated somehow, which I am not aware of? Some affiliate programs or individual contracts may require the affiliate to send invoices through Paxum, but I have never seen such affiliate programs.

What is meant by transaction here? Is an incoming payment a transaction, and is a transfer from pocket to card/bank a transaction? Or is transactions only outgoing payments to other accounts?

yep, good questions.

Ruth I just sent you an email about this. I logged into our Paxum account today as we need to wire funds soon so we can pay our affiliates and I dont see the link any longer so we can add funds to our account.

Sincerely,
Kevin
FGE, LLC

i got that email too

I understand that along with the fees, the quality of services will increase ?

to Ruth.

Is that true?

I know that, but in case the one which send funds always uses his CC, then you always pay that fee.

Ruth,
You may want to tell your Indian verification team to ease up on requesting pictures of document over every move we make. I uploaded 12 different pictures in the past. Added bank account and asshat49 asked me for un-cropped picture of my ID. I told him to find one among the other 12 he already had. Nope, he still wanted new one.
Its like they get off on reviewing those pictures. And funny thing is that asshat38 will say "OK, I will submit you request to proper team" and day later asshat41 will come in with "new pictures neeeded" message. I have my passport in safety box at the bank and really egt annoyed by this. Soon they will be asking for videos of me jumping up and down holding my ID and screaming "Happy Diwali". F this. I'm moving back to Payoneer. :2 cents:

If you think paxum is anal with verification, try to deal with paypal :1orglaugh
Out of 4 ewallets which i tried, payoneer,paypal,skrill and paxum, skrill is least hassle when it comes to verification.

A lot to read these new terms...

$5 charge just for having an account? I hardly ever use mine, i'll be fucked if I'm gonna pay that, I'd rather go back to receiving cheques.

All accounts that have no transactions for more then 180 days, will be charged $5.00 USD per month dormant account fee.

I think that each of us gets money more than once in a half-year.

good luck with that

Not out of line at all ! :2 cents:

Will the $5 charge still apply if it would take the balance negative?

Yes, that's correct

Yes we do. There was an error in the terms that has since been removed and updated. We still allow Adult, absolutely!

You won't need to do anything differently to receive your payments. Everything is done in the background so the payments will still deposit to your account in the same way.

A transaction would be a received payment, a sent payment, a withdrawal to your bank, etc.

Please check your inbox, I have replied. Thanks :)

We accept adult. That was an error that has since been removed.

In order to provide service we request full KYC verification, and for those documents we need to be able to see everything clearly and without any adjustments. I'm sorry you've had difficulties with verifying your account, but we will not compromise our standards for requested documents. It is crucial we know exactly who we are doing business with. I hope you will continue with the verification process, as our service is definitely worth the effort. Thanks :)

I'm sorry I was incorrect at first. The answer to this is No.

:thumbsup

I can see the need for the new fees. I just ran the numbers and while our business has grown overall in the same time frame, clients paying via Paxum has dropped off significantly in 2017 with 2018 so far being even less...
- 2015 vs 2016 = 28% drop
- 2016 vs 2017 = 69% drop

Not sure the reason for it this, but it suggests that either less programs are paying via paxum, programs are paying out less overall, or webmasters prefer different payment methods instead of paxum.

I don't. I hardly ever use paxum, I only have it for the odd sponsors who don't allow other payments. I probably haven't even logged in in six months.

Some new mechanic probably to comply with the US I understand... Paying more fees is always bad news

I am not sure of what the advantage of this would be for affiliates.

It's a sign of times, adult industry is declining by every year, there is very little webmasters left.

fuck, paxum has turned into one giant clusterfuck

My bank charges me about 10 euros for fees and commissions every month. So, I don't understand your suffering for 25 cents.

I spoke to Ruth through email a few times today. She is super cool. For us paying affiliates there does not seem to be any extra or added fees. The difference for us to pay affiliates is we do not wire the funds to Paxum in the beginning. We just schedule some invoices and pay each affiliate. Then a couple times per month Paxum sends us an invoice to pay them back for the funds they sent out for us. Its like we have credit with Paxum. So we use our credit monthly and to pay affiliates. Then we pay our bill monthly.

This is very different way of doing these payouts but going to try it and see how it goes for 1 month. But I think it will be ok.

Sincerely,
Brandon
FGE, LLC
Catalina Cruz - Cam Porn - Official PornStar Website CatalinaCruz.com

interesting...

No and No!!! My account IS verified. I had to change bank account name and got request for more pictures of my ID.