Paxum has just informed all of their Paxum SEPA Mastercard users that the card is no longer active – effective immediately. They are working on a solution and hope to offer a new roll-out of prepaid cards within the next few months. Read more to learn what this means for you and what other options you have for payments.
If you are currently holder of a Paxum SEPA Mastercard, Paxum will return the funds you had on your card back into your Paxum account within the next few days. You can then withdraw your funds from your Paxum account by using EFT/Wire, an external credit card or a UnionPay card – depending on your country of residence. In the meantime, Paxum has lowered the fees for EFT (Electronic Funds Tranfers) by 50% – from $5 USD to $2.50 USD. This discount will remain active for as long as the Paxum SEPA Mastercard is not active.
Switch to another pay-out method on CAM4
If you are a CAM4 broadcaster and would like change payment providers due to the issues with Paxum, we advice you look into applying for a Bitsafe Mastercard or choosing Wire Transfer. Change your payment setup in your Broadcaster Dashboard – Request Payment – Payment Setup.
Bitsafe
Bitsafe offers services similar to Paxum, including the option to use a Bitsafe Mastercard. If you apply for a Bitsafe card through CAM4 you will even get the Bitsafe card for free for the first 6 months.
Learn more about Bitsafe on CAM4 by clicking here…
Euro Wire
If you are living in Europe (including the UK) you can also choose to get paid out by Euro Wire. This is a direct bank transfer into your bank account. It’s very easy to set-up in your CAM4 Broadcaster Dashboard and free of charge. Payments are carried out twice a week and you will only need your bank account information to set it up.
Learn more about Euro Wire on CAM4 by clicking here…