I thought i'd register here to address some of the concerns that some of you may have.
I am not too familiar with Dwolla and how they worked so I will not try to attempt to explain how we differ from them. I will tell you why people have decided to use our service.
We provide you INSTANT access to your money with some of the lowest fee's within our industry. You are able to withdraw your money instantly using our mastercard that we send you any ATM's world wide. You are also able to use the card any point of sale locations aswell. Other withdraw methods include EFT(ACH) Wire & Check but most of our clients really enjoy having INSTANT access to their funds via atm without having to wait.
You get money out for $5.00 by ACH.
Do you need the prepaid Mastercard ($45 a year) to use the ATM? I assume so. Then you can get money out via ATM for $2.00
Yes to withdraw from the ATM machine you would need the mastercard and that does indeed have a $45.00 yearly fee. You are able to request the mastercard once you verify your account with us. You do not need to have any money in your account to request the card. Your account will just show a negative balance and will adjust once you start receiving funds into your account.
Good question. We take fraud VERY serious. No one will be able to wire or ach us ANY money until we are 100% positive of their identity. Due to the high amount of fraud that is involved with ACH reversals any users who want to go this route for funding or withdrawing funds is expected to take further verification process steps that our verification team. We take fraud and account verification VERY serious. We play by all the rules that have been set by mastercard and even some of our rules to insure account safety and low fraud rates.
Regarding reversals - here is the exert from our terms of service regarding this.
(e) User acknowledges and accepts that in case of any Transaction disputes, Paxum presumes that all Transactions by User are authorized by and are the liability of the User;
(g) User agrees that all Transactions initiated are final and not reversible;
(i) User agrees that any disputes that arise between Users are not the responsibility of Paxum;
If anyone has any more questions regarding our service take a look at www.paxum.com - we outline everything pretty clearly regarding fee's and account limits. If you have any questions feel free to hit me up at [email protected] and I'll get back to you.
I'll try to keep an eye on this thread aswell
Regards
Chris