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Paxum Introduces Mass Wire Transfers To Third Party Recipients

Collage illustration of Paxum logo.(Montreal, QC) July 26, 2017 – Online commerce payment solution Paxum is pleased to announce a new feature to their global ewallet payment platform: Mass Wire Transfers to 3rd Party Recipients.

This new feature is available to all verified Paxum Business account-holders, and can help clients manage their outgoing payments even more efficiently.

Clients can upload a simple CSV format file containing all the payment details that will then be issued in bulk as bank wire transfers. Wire transfers can be issued to all countries apart from those listed on the Blocked Country list (found in Paxum Terms of Service). This feature currently supports 13 currencies, including USD, CAD, EUR, GBP, AUD, CHF, RUB and more.

The rate for this service is $35 USD per wire transfer, and if your volume is greater than 100 wires per month, the company will negotiate the rate.

“If you have any questions regarding Mass 3rd Party Wire Transfers,” says Ruth B., Paxum’s Business Developlment Director. “Please send an email request to support@paxum.com, and we’ll make sure Mass Wires are enabled for your account.”

If you wish to negotiate rates based on volume, contact Ruth at ruth@paxum.com to discuss.


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