My Paxum Union Pay card finally arrived today. I activated it, loaded it with money, and withdrew it at my local ATM, and it worked!
If you have questions, fire away and I’ll see if I can answer them based on my experience.
It’s been a long time coming since Paxum’s deal with Choice Bank feel through, I’m glad this chapter is closed.
It certainly took a long time, glad it works. Lets hope it keeps on working.
Out of left field, but can I ask why people prefer these cards over electronic fund transfer options?
Given the constant failure of these card deals, I would not sign QC up for another one.
I dont use their cards either since Paxum EFT here in Europe works very well and quickly. But I know if you’re in the US or Canada EFT is not available and wire or cash is the only option. Unfortunately Wire transfers for some have not be very reliable at times.
Paxum’s relationship with the bank or processor that allowed Canadians to do EFT ended. The only options Canadians had for a long while was wire.
Paxum charges $50 USD for a wire, the new processor they got decided that they wanted in on the party, so they charged another $30 USD, and my bank charges $14.95 to receive it. So it was costing me $120 Canadian to get my money. And because of the fee gouging I had to stock pile money to do one wire a month, which at times caused a cash crunch.
Then a wire could take anywhere from two days to five. But sometimes it took seven.
So, having a card that allows me to withdraw at the ATM is convenient and cheaper. And it saves wear and tears on my nerves.
Yes, the wire fees are quite outrageous.
Well, sure. But the cards are precarious.
i suppose itââ¬â¢s really a rock/hard place for you!
I think it depends where you are makes a differance with the cards, I am not sure about the US, but for me EFT (in UK) is very easy with them, but also I have had a paxum mastercard (from a UK company WildcardSolutions LTD) with them also for some time, so maybe its the old cards for the US that were an issue…
Thanks for the reminder though I need to find mine incase I ever need to use.
I know paxum operates as 2 companies (for ewallets anyway) one for EU and one for the rest of the world (I think thats how we get things a little easier here in the EU bjorn), although saying that they only accept GBP EFT’s for a month then remove for the next 11 months, so I loose out with fees to recieve foreign currency at my bank either way.
Unionpay here in the UK is useless for me as the only ATMs that accept it are the travex ones at airports, and I live about 20 miles from the nearest one, so wont be getting one anytime soon.