Welcome to the discussion on TransferWise (now known as Wise) and Paxum within our professional forum. Here, members have shared their experiences and insights on using these platforms for financial transactions, particularly in the context of receiving payments from cam sites. Below is a summary of the key points covered:
- RoseGB outlines the distinction between using Paxum for receiving payments and TransferWise for transferring funds. There's a query about the possibility of getting paid directly by cam sites into a TransferWise account.
- Sally inquires about the feasibility and specifics of transferring money from Paxum to TransferWise, questioning whether transactions are conducted in USD or EUR.
- RoseGB clarifies her earlier point, noting her actual process involves transferring from ePayments to TransferWise, specifically from USD to USD. She also mentions her strategy for converting USD to EUR to save on fees, despite preferring GBP, but highlights the higher commission costs associated with wire transfers to GBP.
- Swe shares a personal experience of switching to Wise (formerly TransferWise) following issues with Paxum. The switch was recommended by Boleyn, and Swe highlights the swift verification process, quick receipt of the Wise card, and overall smooth and pleasant experience with the platform.
This topic serves as a resource for members seeking advice or looking to share their experiences regarding the use of Paxum and Wise for their financial transactions in the webcam modeling industry.