My first withdrawal request to Paxum

[Elmar]

Today, I made my first withdrawal request to Paxum, and I have a couple of small questions regarding this:

1. Since today is December 16th, the funds should be credited to my Paxum account by January 7th at the latest, as I understand. Based on your experience, how long does it actually take for the money to arrive?
2. The minimum amount for a transfer is $50, which equals 1,000 tokens (1 token is worth 5 cents). I sent 1,033 tokens just to be on the safe side. Could it happen that, due to some unaccounted-for commission fees, this amount won’t be enough, and the funds won’t go through? In other words, should I have transferred a larger amount?

 

[MaLiNka__]

Today, I made my first withdrawal request to Paxum, and I have a couple of small questions regarding this:

1. Since today is December 16th, the funds should be credited to my Paxum account by January 7th at the latest, as I understand. Based on your experience, how long does it actually take for the money to arrive?
2. The minimum amount for a transfer is $50, which equals 1,000 tokens (1 token is worth 5 cents). I sent 1,033 tokens just to be on the safe side. Could it happen that, due to some unaccounted-for commission fees, this amount won’t be enough, and the funds won’t go through? In other words, should I have transferred a larger amount?

Usually the payment is credited on the 3rd or 4th.Paxum takes the commission when the money arrives to your account (I think it's 25 cents)
If any of the details are incorrect, you will receive a letter about it, and it will be returned to your balance.

It seems that you were unable to confirm the Paxum registration address, I am glad that you resolved this issue

 

[Elmar]

Usually the payment is credited on the 3rd or 4th.Paxum takes the commission when the money arrives to your account (I think it's 25 cents)
If any of the details are incorrect, you will receive a letter about it, and it will be returned to your balance.

It seems that you were unable to confirm the Paxum registration address, I am glad that you resolved this issue

This fits perfectly with my theory. The thing is, on CB it’s stated that for payments made from the 1st to the 15th, the transfer will be completed by the 22nd. Let’s calculate: 22 - 15 = 7, i.e., a week. Then, for payments made from the 16th to the 31st, the transfer will be completed by the 7th. Again, we get 7 days, i.e., a week. In simple terms, CB is telling us that processing a withdrawal request (regardless of when it happens) will take a week, which makes perfect sense. Now, since we’re talking about 7 days, on average the transfer should take 7/2, i.e., 3-4 days after the request, just as you mentioned.

As for error notifications, will they come from Paxum or CB, and where will they be sent? I’m worried that if Paxum sends the funds back, they might get stuck in CB’s system and won’t be visible to me. Do you remember when I once made a withdrawal request for a small amount? The funds were deducted, but no transfer happened. They were stuck in the system, and today I actually asked CB to return them from the stack. They did it, and now my tokens are showing up

100%, thank you so much - I sorted out the Paxum verification process. Your advice to ask the bank for a statement with my address worked perfectly. By the way, am I right in thinking that your username is a permutation of letters of your name? What I wrote here wouldn’t reveal anything to anyone because there are 420 ways to rearrange the letters of this username. Sorry for being a nerd

 

[MaLiNka__]

This fits perfectly with my theory. The thing is, on CB it’s stated that for payments made from the 1st to the 15th, the transfer will be completed by the 22nd. Let’s calculate: 22 - 15 = 7, i.e., a week. Then, for payments made from the 16th to the 31st, the transfer will be completed by the 7th. Again, we get 7 days, i.e., a week. In simple terms, CB is telling us that processing a withdrawal request (regardless of when it happens) will take a week, which makes perfect sense. Now, since we’re talking about 7 days, on average the transfer should take 7/2, i.e., 3-4 days after the request, just as you mentioned.

As for error notifications, will they come from Paxum or CB, and where will they be sent? I’m worried that if Paxum sends the funds back, they might get stuck in CB’s system and won’t be visible to me. Do you remember when I once made a withdrawal request for a small amount? The funds were deducted, but no transfer happened. They were stuck in the system, and today I actually asked CB to return them from the stack. They did it, and now my tokens are showing up

100%, thank you so much - I sorted out the Paxum verification process. Your advice to ask the bank for a statement with my address worked perfectly. By the way, am I right in thinking that your username is a permutation of letters of your name? What I wrote here wouldn’t reveal anything to anyone because there are 420 ways to rearrange the letters of this username. Sorry for being a nerd

No, it's unlikely to be related to my name, more likely a pseudonym. (If you saw the updated name MaLiNka). If you translate this word into English, it means berry (raspberry). It smells very tasty, has a sour-sweet taste and unpleasantly clogs the teeth with residue (ahah)