Paxum bank testimonials please?

[lavel]

I just read about PAXUM BANK LIMITED - Personal Banking, Business Banking, Loans, Merchant Accounts, Mass Payout Solutions which is the same as Paxum the someone here on the forum say! Now I was wondering, is there any good reviews about them here?

I would like to know what the status is, do they have a debit card, how easy are they to open an account with and do they offer a debit card?

Would you trust them?

 

[negon]

Someone know what is a

W-8BEN-E form

for NON US Companies? does this apply for Europe too and where to find it?

 

[Internationaloff]

negon said:
Someone know what is a

W-8BEN-E form

for NON US Companies? does this apply for Europe too and where to find it?
Click to expand...

https://www.irs.gov/pub/irs-pdf/fw8bene.pdf

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[extremedox101]

negon said:
Someone know what is a

W-8BEN-E form

for NON US Companies? does this apply for Europe too and where to find it?
Click to expand...

i think non us companies read instructions on W-8BEN form

Ӣ Entities must use Form W-8BEN-E.
Ӣ You are NOT an individual
instead use W-8BEN-E

 

[Martin Everson]

extremedox101 said:
i think non us companies read instructions on W-8BEN form
Click to expand...

Just to clarify for everyone you actually mean non-US individuals use W-8BEN and non-US entities use W-8BEN-E.😉

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[lavel]

great, can we get back to the review part of this thread 😀 Google is of great help when it comes to this forum there is no need to discuss it here!

 

[extremedox101]

Martin Everson said:
Just to clarify for everyone you actually mean non-US individuals use W-8BEN and non-US entities use W-8BEN-E.😉
Click to expand...

yes rea#44!

😛

 

[Martin Everson]

lavel said:
I would like to know what the status is, do they have a debit card, how easy are they to open an account with and do they offer a debit card?
Click to expand...

I have sent scanned opening documents for a Dominica IBC company and got pre-approval but did not send them the originals and continue with opening so personally cannot comment on what they are like in action. I think they are using wirecard bank in Germany for their euro payments based on posts made in another forum site. It would be unusual if they are using a dedicated card bank like wirecard bank and they then don't offer wirecard cards.

lavel said:
Would you trust them?
Click to expand...

I wouldn't trust my own mother so I am the wrong person to answer that.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[Milky Moon]

Why would a Dominican Bank want a W-8BEN form from NON-US customers .. makes you wonder right ....

 

[Martin Everson]

Milky Moon said:
Why would a Dominican Bank want a W-8BEN form from NON-US customers .. makes you wonder right ....
Click to expand...

It's used (or misused) by banks to cover their a*s as it forces the client into making a declaration under penalty or perjury that they are not a US Person hi%#. It just works better than tick boxes on a bank application form.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[lavel]

Can someone else join this thread that actually has something useful to say about Paxum bank ?

 

[Larry]

I”˜am interessted too. Can only find reviews about Paxum in Canada.

 

[lavel]

Cetme308win said:
I'm in process of opening an account,they acepted my business docs and now I have to go to the police station to get a police record and renew my passport
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wow police record?? Why the hell do you have to provide that? did they say if this apply for all people or only for you?

 

[MrGoodman]

I contacted this bank recently and they replied to me that upon approval of account opening they provide wiring instructions. And the company's name is not stated there because they use an intermediary bank to send the funds. Though the wiring instructions will contain an IBAN. This is a unique account number that is used to identify the account with Paxum Bank. I asked to provide a sample of wiring instructions but they didn't reply. It is not clear to me how can they provide a unique IBAN and yet not include the company's name in the payment details.

 

[TurnedToRobot]

Myotra said:
is not clear to me how can they provide a unique IBAN and yet not include the company's name in the payment details.
Click to expand...

if it's it might not be something we should discuss public...blak""#¤

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[Lejla]

I am trying to contact them for daaaaayssss.... their contact form doesn't work, and they are not answering on e-mail.
Am I on right address Business account ?
Do you have some address to share, other than info@
Thank youuuuu!!!!

 

[MrGoodman]

They replied to me from email [email protected], but they stopped answering my questions recently. I also try to reach them by phone, but it doesn't answer.

 

[Lejla]

Ok. Thank you! I will wait.
Does anybody have the account there? Everything is working fine?

 

[BTCNG]

Lejla said:
Ok. Thank you! I will wait.
Does anybody have the account there? Everything is working fine?
Click to expand...

Joining the question - I consider working with them.

Anyone?

 

[MrGoodman]

Joining the question too. I managed to reach them by phone. They just had public holidays these days. They ask to send all the applications to their info email. At the moment they do not offer payment cards, just transactional accounts.