LOS ANGELES — Paxum has announced the addition of a new feature to its global wallet-based payment platform — mass wire transfers to third-party recipients.
According to the company, this new feature is available to all verified Paxum Business account holders on request and can help clients manage their outgoing payments more efficiently.
“Once activated, clients can upload a simple CSV format file containing all the payment details that will then be issued in bulk as bank wire transfers,” explained a Paxum spokesperson. “Wire transfers can be issued to all countries [except] those listed on the Blocked Country list (found in the Paxum Terms of Service), and in the currencies already supported inside Paxum.”
The rate for the service is $35 per wire transfer, with this rate being negotiable for clients whose volume is greater than 100 wires per month.
To activate the new feature, Paxum Business clients can email support@paxum.com.
For more information, email ruth@paxum.com.
