Mr Skin Cash's Notice Regarding Paxum

Mr Skin Cash emails:

This week, Choice Bank Ltd, the financial institution offering loadable card payout methods via FirstChoicePay and Paxum, issued a statement saying they have been forced into a “liquidity-constrained position.” This essentially means that they have been forced to suspend all withdrawals and outbound payments by their financial regulators.  

Paxum issued a similar statement, and are in the process of contracting a new card-issuer. At this time, Choice Bank-issued Paxum cards can no longer be loaded via transfer, but any funds that have already been loaded are fully available and can be used as normal.

This is an issue between Choice Bank and its regulatory authority, and is unrelated to MrSkinCash and SK Intertainment. While Paxum claims this situation is temporary, we highly recommend you contact Paxum directly. In the meantime, we recommend you should also switch your payment method to Wire Transfer, or Check-By-Mail.

We understand this is an inconvenience for anyone using Paxum. We are willing to help you in any way that we can during this time. As we receive updates from Paxum we will be sure to relay information to you.

Related:

• Paxum System Maintenance.
• The importance of "Add Funds" within the paxum system.
• SegPay adds Paxum as a payout option.
• Paxum to match donations for Angel Giving Tree.