OnlyFans Payouts: Keep More Money and Avoid Pitfalls

Understanding the OnlyFans payout process

When creating an OnlyFans account, providing your bank information is essential for the approval of your creator profile. It’s crucial to complete this step before starting to sell your content on the platform.

Keep in mind that OnlyFans takes a 20% fee from your earnings. This deduction occurs each time you earn money from subscriptions, tips, or PPV content sales, with the remaining 80% then added to your balance.

Your sales earnings are held in your “pending balance” for approximately 7 days before transferring to your current balance—a process that applies to all income received.

In certain countries, regulations may lead to an extended waiting period of up to 21 days due to increased transaction reversal rates.

Once you’ve generated income for four months, the standard 7-day holding period becomes established for your account.

It is important to recognize and plan for these payout delays while managing your finances, particularly regarding investments.

Your patience may be tested by delayed returns on your business expenses.

Exploring Available OnlyFans Payout Methods

You have the option to select from various OnlyFans payout methods based on your location, keeping in mind potential currency conversion fees.

There are typically three main categories of available options.

Direct Deposit

If you are based in the US, OnlyFans has the capability to send payments directly to your bank account through ACH. For international transactions, you’ll need to provide your bank’s SWIFT code.

Generally, direct deposit is the most economical and fastest method of transferring funds, with no associated service fees.

A minimum withdrawal amount of $20 is required.

While local transfers can be processed instantaneously, it may take up to 3 business days for the funds to appear in your account.

Wire Transfer

If direct deposit is not a viable option, you can consider a wire transfer, although this method might incur higher costs and longer processing times. The minimum amount for withdrawal via wire transfer is $200.

Processing time for wire transfers can range from 5 to 10 days.

E-wallets

Funds can also be transferred to several e-wallet services recognized by OnlyFans, such as PayPal, Wise, and Paxum. Each service comes with its own set of refund criteria and fees.

Requesting Payout on OnlyFans

OnlyFans allows you to choose between manual and automatic payout methods.

• Access your settings.
• Select “statements.”
• Click on “Payout requests.”
• Choose “Request withdrawal.”

To start a transfer using your selected payout method, enter the withdrawal amount you wish to request.

Payout Timelines on OnlyFans

The duration for your earnings to be deposited into your bank account depends on the payout method you select. Typically, direct transfers and e-wallets offer faster processing, while wire transfers may take longer to process.

Automatic Payouts

If you prefer not to withdraw manually, consider enabling automatic payouts for daily, weekly, or monthly transfers.

With automated transfers, accessing your earnings becomes more efficient; however, beware of high transfer fees that might come with expensive methods like wire transfers.

Resolving OnlyFans Payout Dilemmas

Tackling common payout issues on OnlyFans is crucial!

Resolved OnlyFans Payout Rejections

If you encounter a payout rejection, submit a valid government-issued ID and a clear selfie to OnlyFans as part of their verification process.

For creators in the US, completing your W9 tax form is essential.

If you are unclear about the reasons behind the rejection, directly contacting OnlyFans support via email is advisable.

Inaccessible Withdrawal Options

In case your withdrawal options seem inactive, confirm that your current balance satisfies the minimum withdrawal requirement, generally set at $20.

If your balance meets the criteria but you still encounter issues, review your bank account details for accuracy, as errors can prevent fund withdrawals.

Double-checking your information is important.

Refunds and chargebacks

Due to OnlyFans’ strict policies, fans usually do not request refunds. However, chargebacks can be initiated by users through their banks, which are beyond OnlyFans’ control. Should a successful refund or chargeback occur, your balance will be adjusted accordingly, reflecting the change on your statements page. To help mitigate this risk, ensure timely delivery of promised content and prioritize fan satisfaction. Be cautious if a new subscriber suddenly asks for a large volume of custom content.

OnlyFans payout processed but not in bank account

Funds can take up to 10 business days to show in your account, particularly if delays occur during peak holiday periods. If, after 10 days, your funds have not appeared since requesting the payout, reach out to OnlyFans via email. Include your bank statement as proof, prompting OnlyFans to investigate and track the transaction.

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