On top of these super high fees, you will be forced to provide photocopies of your personal information to Paxum in order to comply with their TOS. You have to send in a photocopy of your ID (passport or drivers license) and then to prove your address, you need to send them a photocopy of a utility bill. I DO NOT like doing this with any web base company! Hell, I dont even like giving this kind of personal information to my own brick and mortar bank!
Yeah I don't like this. Being a web based company and asking for such personal information doesn't make me feel comfortable at all.
Also why does it cost so much to deposit direct into a bank or maybe I'm missing something. So My question is this, If I wanted to transfer funds from my Paxum account to my Canadian bank account how much would that cost me since the Paxum Mastercard is only available to US customers.