Quote:
Originally Posted by rhetorical
I still don't get why I need any kind of ewallet thingy. It just sounds like a recipe for disaster as was shown. I owe somebody money, I can pay them with paypal without having to tie up any currency. I can mail them a check. I can tranfer via bank transfer. If I need a cc, I use my own Amex, Visa or whatever. So under what circumstances (apart from hiding the transaction from...that organization whose name shall not be spoken) would this deal be of any use?
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Paxum is a means to pay other Paxum users, for example you want to pay a coder, designer, content guy $100 now for services, sending a check or wire takes time and money.
Let's say the 2 parties are in different countries, sending a check by mail would take time and typically foreign checks cost the eprson depositing it money and they put a hold on it until it clears, a wire will cost both parties money too.
Paxum like paypal provides a service where 2 people can trasact business instantly. For personal accounts it's only 25 cents and for business accounts only $1 to pay another paxum party.
Everyone responsible person has to do their taxes, this is not about what you declare or what you don't. It's no different than when you get wires or checks, you should act according the the law.