Curiousity more than anything (Binance) Pexpay-> Wise

[wellington]

Pretty certain that Pexpay is a shell corp that previously had a money transmitter license (since expired) in Canada, and that Binance has aquired for its peer to peer and hidden under corporate layers so as to send regulators round and round in circles, but hey anyway....

Has anyone utilised Binance P2P (pexpay) with Wise?

PEXPAY

PEXPAY · MMD GLOBAL PROCESSING ULC · Suite 170, 422 Richards St., Vancouver, BC V6B 2Z4 (expired license)

Binance P2P Powered by Pexpay

Pexpay FB Kirjaudu sisään Facebookiin
Pexpay Twitter https://twitter.com/PexPay

So pretty 'scammy' layering.

So wondering whether anyones has had issues with Pexpay deposits to Wise?

 

[Tr0nad0r]

Wise will close your account if they find that you're using it for P2P trading.

 

[wellington]

I'm not (as yet), hence asking, wasn't aware P2P though was strictly out.

 

[jakubko666]

Tr0nad0r said:
Wise will close your account if they find that you're using it for P2P trading.
Click to expand...

How would they know? You are just sending money to your friends. For coffee of course.

 

[wellington]

Likely the sums, these days everyones flush in crypto lol

 

[Tr0nad0r]

jakubko666 said:
How would they know? You are just sending money to your friends. For coffee of course.
Click to expand...

If you are doing P2P with a couple of real friends you'll be fine.

If you are sending money to a "friend" that receives money from hundred of other "friends" it will raise some flags on Wise systems, they'll ask your "friend" why he receives money from so many people and if he can't give a satisfactory explanation then he will get banned along with all the "friends" that sent money to him for "coffee".

I know so many people that have been banned on Wise because of this.

 

[uplana]

I don't get it, what is PaxPay ?

Toggle signature
Find help to the ultimate anonymous setup on OffshoreCorpTalk - Tried, Tested & Works
Need help to get things done, ping me inside the Mentor Group Gold forums.

 

[aage]

OP left the boat, what did you figured out?

 

[wellington]

?

Pexplay was a shell corp acquired for moving funds from crypto into fiat by binance... its license had expired also.