Quote:
Originally Posted by Toby
Spoken like a sales manager. Given the recent demise of ePassporte and Paxum being relatively new you can certainly understand people's reluctance to trust an unproven entity with their money.
A more detailed explanation of those systems you have in place to protect you and your clients would likely go a long way toward building some of that needed trust.
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We are a Canadian company, licensed by the Canadian Government after stringent checks on our business and officers, to be a money transfer business.
You can verify that by going here
you just put Paxum in the first box on
http://www10.fintrac-canafe.gc.ca/ms...earch-eng.html
We have the license from mastercard International to issue accounts in all countries (excpet for those on the UN embargo list sucvh as Iran, N.Korea...)
We do not lend or borrow against the funds we hold, we actually keep 10% more than in the client balances from our cash.
Canadian banks are very safe and solid, you hardly ever hear of one going under, our main account is with one of the larger banks in Canada. BMO Bank of Montreal.
Very few people at Paxum have acess to client information or account balances. Including me, I manage 7 account reps, none of us has access to any personal information or can see balances let alone move any funds around.
The owner and accountant have that clearance and access rights. It is safer and better this way.
I hope that addresses your concerns.