Paxum Revamps Payment Platform

Paxum Revamps Payment Platform

MONTREAL — Paxum has announced sweeping changes to its global e-wallet payment platform.

According to the company, its introduction of EUR IBAN accounts and third-party incoming and outgoing payments means greater payment flexibility for clients of the multifaceted payment platform.

“In our continuing efforts to provide the most versatile and practical e-wallet payment service we are thrilled to implement EUR IBAN and third-party options for our clients,” said Paxum CEO Octav Moise. “We pride ourselves on the ease of use of our platform and with these changes things just got even easier.”

EUR IBAN accounts are enabled by default for existing and new clients with a Paxum EUR currency account with every Paxum account-holder using EUR IBAN given an individual IBAN in their name and the ability to receive EUR currency payments to their Paxum account.

In addition, Paxum clients can apply for permission to receive third-party USD payments and to send third-party USD and EUR payments; however, third-party payments are not yet available to U.S.-based clients. Fees associated with the new third-party operations are percentage-based with listed minimums, and loading funds and transferring funds by wire or ACH/SEPA will be .5 percent for EUR transactions and one percent for USD and other currency transactions.

“Freelancers and affiliates should jump on this,” said Ruth Blair, Paxum’s head of marketing. “It’s a great way to consolidate EUR payments into one location where you can easily access all your earnings.”

Another aspect of Paxum’s latest implementation is a noteworthy reduction in fees for Paxum EUR currency account holders. Loading EUR funds by wire transfer now have a $10 USD fee, reduced from $50 USD. Clients can also add EUR funds by SEPA, with a fee of $5 USD. Withdrawing EUR funds by wire is now $40 USD, reduced from $50 USD, and to withdraw funds by SEPA is now $5 USD instead of the previous EFT withdrawal option at $8.95 USD.

For more information, click here

Related:  

Copyright © 2025 Adnet Media. All Rights Reserved. XBIZ is a trademark of Adnet Media.
Reproduction in whole or in part in any form or medium without express written permission is prohibited.

More News

JuicyAds Wins Trademark Infringement Case Against Fraudulent Domain

JuicyAds has won its World Intellectual Property Organization (WIPO) case against a website using a similar domain to impersonate the company's site and defraud customers.

Anissa Kate, Jordan Starr Top AEBN for Q2 of 2025

AEBN has published its top-selling stars for the second quarter of 2025, with Anissa Kate landing atop the leaderboard for straight theaters and Jordan Starr heading up the gay rankings.

AEBN Reveals Eva Maxim as Top Trans Star for Q2 of 2025

AEBN has published its top trans stars list for the second quarter of 2025, with Eva Maxim landing atop the leaderboard.

France Reinstates Age Verification Rule for EU Sites

France’s highest court, the Council of State, on Tuesday reinstated age verification rules for EU-based sites under the country’s Security and Regulation of the Digital Space (SREN) law, ruling in favor of the French government and against Hammy Media.

Whisper Fans Joins Pineapple Support as Supporter-Level Sponsor

Whisper Fans has joined the ranks of over 70 adult businesses and organizations committing funds and resources to Pineapple Support.

Utherverse Launches 'Red Light Center' Virtual World

Virtual reality and metaverse technology company Utherverse has launched its new virtual world, RedLightCenter.io.

European Commission Approves AV Guidelines, Unveils Prototype App

The European Commission on Monday released its final, approved guidelines for protecting minors online under the EU’s Digital Services Act (DSA) and made public a “white label” age verification app intended to help sites and platforms comply with age verification rules under the DSA.

New Membership Site 'Sluts Corner' Launches

R18 Entertainment has launched a new membership site, SlutsCorner.com.

Show More