Just to correct one thing mentioned here.
Paxum transfer by personal account is 0.25 and paxum transfer by business acount is $1.
So if you as personal account holder send money to any other personal/business account it would cost you 0.25 thus if you deposit your funds thats allready in paxum to an exchange the deposit fee would be 0.25 and when you withdraw from an exchange it would be $1, all these fees are fixed fees.
Thats correct Clipse, I didnt realize there was a difference in personal and business fees. But, still, it will cost miners $1 to withdraw from the exchange to Paxum.Paxum transfer by personal account is 0.25 and paxum transfer by business acount is $1.
So if you as personal account holder send money to any other personal/business account it would cost you 0.25 thus if you deposit your funds thats allready in paxum to an exchange the deposit fee would be 0.25 and when you withdraw from an exchange it would be $1, all these fees are fixed fees.
You also need to be aware that to send or receive to Paxum from your bank account, that is a flat fee of $5 both ways. So, it will still cost a total of $6 to transfer money from the exchange to Paxum and then to your bank.
That is significantly higher than the $.50 it would cost for this same transaction chain at Dwolla