Paxum Adds Local Bank Transfer (EFT) in Brazilian Real and Argentine Peso

Paxum Inc is thrilled to announce the inclusion of Local Bank Transfer (EFT) withdrawal for clients with bank accounts in BRL (Brazilian Real) and ARS (Argentine Peso) currencies!

Verified Paxum account-holders with bank accounts in Brazil and Argentina can now withdraw funds via Local Bank Transfer from their Paxum account to their local bank account.

A local bank transfer is usually received to the specified bank account within 2-4 business days after submitting the request. The fee for Local Bank transfer is $5 USD (flat fee) per transfer for both BRL and ARS, and the maximum per transaction limit is $1,500 USD for each currency.

Local Bank Transfer (EFT) withdrawal can be requested from inside the versatile Paxum user interface, and approved Paxum Business account-holders may also issue local bank transfers to 3rd parties in both BRL and ARS currencies.

Adding Local Bank Transfer for clients with BRL or ARS bank accounts is part of a series of planned additions to further expand Paxum withdrawal options. Stay tuned for more updates from Paxum coming in 2021!

To learn more about Paxum, or to register your free account please visit their website at

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