Paxum
Paxum provides an e-wallet service with complete payment solutions for eCommerce. It features low processing fees, money transfer, money withdrawal, payroll solution for businesses, and affiliate payment solution. It offers two accounts: Personal and Business. It applies fees for ACH withdrawal, peer to peer transfer (transfer to and from other Paxum users), and wire transfer.
Top Paxum Alternatives
- PayPal
- Square
- Stripe
- SecurePay
- Cayan
- axiUm
- BluePay
- PayJunction
- EVO Payments
- Payment Express
- PaySimple
- Ezetap
- Rapyd
- Ingenico Group
- SafeCharge
Top Paxum Alternatives and Overview
PayPal
PayPal provides various payment services that allow you to buy online, send money, or set up a merchant account to sell your products online.
Square
Square provides a credit card processing service, with various business solutions.
Stripe
Stripe allows you to accept web and mobile payments, with well-designed and optimized checkout for any device.
SecurePay
SecurePay allows you to accept online payments safely, with shopping cart integrations.
Cayan
Cayan provides flexible payment solutions for all businesses, with future-proof and open source platform.
axiUm
The Ingenico group offers merchants an innovative way of reducing the complexities that affect everyday transactions.
BluePay
It features B2B payment processing, level 3 cards, batch processing, integrated payment, enterprise plugins, security...
PayJunction
It features transaction management, searching and reporting, account management, setting customization, mobile processing, payment gateway...
EVO Payments
Its digital payment solutions are designed to work with electronic devices, online platforms, and even...
Payment Express
It features modular payment solution, wireless payments, recurring billing, hosted payment, batch processor, POS terminals...
PaySimple
It allows you to accept various payment methods, including credit cards, ACH payment, e-Check, Point...
Ezetap
Highly customizable and innovative- ezetap is a future-ready system fit for the evolving market...
Rapyd
Providing service in more than a hundred countries, its dedication to making your cross border...
Ingenico Group
The payment services include e-commerce solutions, full service e-payment, multi-channel solutions, financial solutions, and marketing...
Paxum Review and Overview
Of many payment service providers, Paxum is a known Canadian service working since 2007. With time, Paxum has drastically improved and upgraded their UI to include faster and reliable money transfer methods. Many freelancers and contract-based companies use Paxum for their payrolls.
Paxum Account Types and Services
The first step before using Paxum is to create an account on their website and link it to a bank account. Once the verification is done, you can begin using their services. Paxum has two main account types, viz., Personal Account, and Business Accounts. Each account has its own usage and target audience. As for Personal Account, it is designed for personal payrolls, send/receive payments, EURO/USD payments, withdrawals, etc. In the Business Account, there is additional support for mass wire transfer, EFT, reduced payout and has cheaper transaction rates.
The payment and charges structure is different in both accounts and also differ based on countries. Paxum has divided its services into three core parts viz., Transfer Money, Receive Payments, and Mass Payouts. Each service has its own bonuses.
In the Transfer Money services, Paxum adopts wire transfers, EFT transfers, P2P, and also provides backing for various cards like Visa, Mastercard, or Paxum Prepaid Card. This Wire transfer covers over 200 nations and 14 currencies. EFT transfer has much cheaper charges comparatively. However, it is mandatory to use a local bank in a local currency format. Paxum Prepaid Card uses similar features like normal prepaid cards. It is accepted worldwide and offers currency support only for USD. You can even add this card in online transaction services and use it at every ATM where Mastercard is supported.
In Receive Payment Services, a transfer is possible via Paxum Clients, ACH network, wire transfer, and virtual SEPA account. Similarly, in Mass Payouts, P2P transfers, along with the above modes are available. The online portal in Paxum is simple, and they even allow an API for external use. Mass transfers have lesser transaction and service charges.
Overall, Paxum has worked out pretty well so far in online payments. There are some prevalent issues with customer support and reliable knowledge resources on their site. Still, it has cheaper charges than other top payment services.
Company Information
Company Name: Paxum Inc.
Company Address: 3484 Des Sources Blvd., suite 205 Dollard-des-Ormeaux, Quebec, Canada
Founded in: 2007
Top Features
- Current Account Monthly Maintenance
- Funds Transfer
- Escrow Transfer
- Escrow Withdrawal
- Loading Funds By Wire
- Loading Funds By Certified Check
- Loading Funds By Credit Card
- Funds Withdrawal by Wire
- Funds Withdrawal by Check
- Funds Withdrawal by EFT
- Funds Withdrawal by ACH
- Loading Funds By EFT
- Loading Funds By ACH
- EFT (ACH) Returned Transaction
- EFT (ACH) Bank Account Verification
- Check Stop Payment
- Chargebacks
- Authorization for Loading Funds