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Paxum withdraws cut

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Aug 6, 2020
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Hey everyone. The other day i did a local bank transfer, on paxum. Why do i get a Paxum info saying a maximum amount that im allowed to withdraw; when im doing a local bank transfer, from dollars to eur. Because im losing a big amount, like a 40 dollar cut!! When i reached Paxum support, they say they only charge a 2,50$ fee, my bank also says that on their side is not much...so i am losing a lot? lets say 260 dollars, i can only withdraw 210?? (apologize my english) who is keepin the rest :p ? its like the 2nd or 3rd month this happens....
 

Sunshineseeker

Cam Model
Jul 21, 2020
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What exchange rate are paxum quoting to you for USD to EUR? and are you withdrawing directly into local bank or onto your banks debit card?
 
Nov 12, 2017
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I have used Paxum a lot of times and I withdraw from USD to GBP (or EUR) and both times it only charges $2.50 if I withdraw to my bank.
I get an extra charge of a few £ / $ when I withdraw from USD to EUR, my bank charges that conversion fee.

Not sure why you are being charged so much
 
Aug 6, 2020
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thank u so much for your help...its the exchange rate, dollar being stronger than euro...still was quite a lot:( almost 30 doll cut
 

Sunshineseeker

Cam Model
Jul 21, 2020
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Does your bank have a $$ account? It might be cheaper for you to withdraw and then do the exchange once it's reached your bank.
 
Oct 25, 2020
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Hey Patolas , yeah I realised that too ,every single time the exchange rate is soooo not convenient for us Europeans...I also thought I could transfer dollars on my account and then exchange them here in Europe,but then Paxum automatically converts it into euros, at a 0,85 euro for 1 dollar, while here in Europe 1 dollar is worth at least 0.90 euros!let us know if you solve anything ;)
 
Aug 6, 2020
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Hey Patolas , yeah I realised that too ,every single time the exchange rate is soooo not convenient for us Europeans...I also thought I could transfer dollars on my account and then exchange them here in Europe,but then Paxum automatically converts it into euros, at a 0,85 euro for 1 dollar, while here in Europe 1 dollar is worth at least 0.90 euros!let us know if you solve anything ;)
exactly, u said so right, its so not convenient for us europeans..damn euro! i doubt my bank can help me out but if i find any better solution i'll let u know ofc :)
 
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