Earlier today, XBIZ.com broke the news that Choice Bank (FirstChoice Pay) was suspending withdrawals from deposit accounts due to a sudden “liquidity-constrained position.” Paxum is experiencing a similar setback. Both companies are no longer operating their prepaid credit card service. Our finance department has confirmed with our FirstChoice Pay reps the validity of the news.
We know that many of you rely on this service for your payments. Crucially, we want you to know that the funds you have in your prepaid cards can still be withdrawn. However, no further payments can be loaded. We highly recommend that you withdraw your funds as soon as possible as it is unclear what will happen in the future or if cards will be blocked in the near future.
All MV Stars accounts with FirstChoice Pay payment option have been cleared. It is very important that MV Stars concerned with this situation choose a new payment method as soon as possible.
In order to receive payout for the 16th of this month, we are recommending that you switch your payment method to direct deposit, which is FREE in the U.S., Canada, the UK, Australia, Germany and 33 other countries. Direct deposit takes 1-5 business days to process and has a minimum transaction amount of $100. For more details, please visit point 20 in our FAQ.
For MV Stars who can’t switch to direct deposit, we will safely bank your earnings until you choose your preferred payment method.
The MV Team is vigorously pursuing other prepaid card payment options. We wish to reassure all MV Stars that your earnings are safe and you will receive your funds for your hard work. We are dealing with this very surprising announcement and will make sure to assist anyone that has questions.
We will keep the MV Community updated as soon as we have more info. If you have any questions please email our support team at firstname.lastname@example.org.
Always here to help!
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