Quote from: aurumxchange on July 29, 2011, 07:30:17 AM

Quote from: Jered Kenna (TradeHill) on July 28, 2011, 05:50:13 PM

Quote from: prolixus on July 28, 2011, 05:43:35 PM

What will Paxum do when criminals start using phished bank accounts to ACH funds to Paxum and then onto TradeHill to buy Bitcoin with stolen money? Will Paxum eat the loss or will they start pulling funds out of TradeHill's account as Dwolla did?

They've confirmed with us that they have better fraud protection methods in place and this won't be a problem. If they are defrauded they won't pass it on to TradeHill.

Of course Dwolla told us this as well but Paxum has been in business a lot longer, done a lot more volume and faced a lot more fraud in the past and remained strong.

Quote from: geek-trader on July 28, 2011, 05:49:12 PM

Am I reading this right? It costs $50 to transfer funds to/from my bank to Paxum? That's a deal killer.

That's for a wire. ACH is $5

Jered

Jered, I would be VERY CAREFUL with Paxum, and their claims that will not charge back. People that have been in the e-currency industry might remember the epassporte scam. Paxum is ran by Christopher Mallick. Run a search on google to learn more about Paxum / Mallick.

Here is something to get you started. Every serious e-currency exchanger I know run away from Paxum because of chargebacks and reverts.

http://christophermallickscam.com/

You are 100% wrong about this. Chris Mallick is in no way involved with paxum or any company. We have never even spoken to the guy.

If paxum was ran by chris mallick in any way - would the industry that he hurt the most use another company ran by him? Please do some look into some of our clients and you will see that we are in no way related to mallick.

Only connections : We hired an ex employee of his. He stayed with us for two weeks and took another job. We hired him due to his knowledge in the business. He had no connection with the fall out of epassporte.

Our names : We both are named Chris

Industry: We both have adult industry connections.

I'd either like you to retract what you said about our company and the accusation you made or for a moderator to remove these flat out lies.