It’s no secret that adult content creators bring significant income to OnlyFans. If you want to start exploring the earning potential of this popular fan site, it’s essential to understand OnlyFans payment methods. Learn how OnlyFans payments work, how to withdraw your earnings, and tips to optimize your profile.
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OnlyFans Payment Methods: Ways to Withdraw Earnings
OnlyFans offers several options for creators to access their earnings. Learn the pros and cons of each payment option to discover the most convenient way to get OnlyFans payments to your bank account.
Automatic Transfer
OnlyFans’ automatic transfer works like direct deposit. Simply link your bank account to your OnlyFans profile and have earnings automatically sent to a checking or savings account. OnlyFans does not charge any fees for automatic transfers; however, your bank may charge administrative fees for this service.
If you select automatic transfer for your OnlyFans payout, all of your accrued earnings will be sent.
Manual Payment
Manual payments on OnlyFans allow you to decide how much and how often you want to withdraw from your earnings. To receive a manual payment, you must submit a ‘PayOut Request’ with the amount of money you want to withdraw. The money is transferred to whichever bank account is linked to your OnlyFans profile. There is no limit to the number of manual payments you make as long as the withdrawal amount is a minimum of $20.
Direct Transfer (OTC)
OnlyFans offers direct transfer (OTC) payouts. The number of withdrawals via direct transfer OTC is unlimited; however, it can only be done with a Visa debit card.
International Bank Transfer (SWIFT)
SWIFT payments are a secure way to transfer money to your bank account. It takes 1-3 business days to receive OnlyFans payments with an international bank transfer. Minimum withdrawals are $200.
E-Payments
For smaller withdrawals (under $100), you can use the e-payment system, which transfers payments to any e-wallet, including crypto wallets, PayPal, and credit/debit cards.
Most content creators choose an automatic or direct transfer option. These payments are processed the fastest, usually within 1-3 business days. However, content creators outside of the US, Europe, and Australia will need to use international bank transfers or SWIFT payments.
What is the Minimum Withdrawal on OnlyFans?
OnlyFans requires a minimum withdrawal amount of $20. This limit serves two purposes. First, it ensures all transactions are secure and reduces fraud. Furthermore, the minimum withdrawal avoids excessive processing fees.
OnlyFans creators can request withdrawals whenever they want. There is no limit to the number of payment requests. As a result, you can set up your OnlyFans payments to suit your lifestyle, bills, and schedule.
How to Withdraw Money From OnlyFans: A Step-by-Step Guide
You’ve built a following on OnlyFans, and the money is accumulating in your OnlyFans wallet. How do you get those earnings to your bank account? Follow this step-by-step guide to make OnlyFans withdrawals.
Step 1: Sign in to your OnlyFans profile and click the ‘Settings’ icon in the upper right corner of the home page.
Step 2: Verify Your Bank Account
Make sure the bank account connected to your profile is correct. If you are changing an account, additional verification steps may be required.
Step 3: Check Your Statements
In the settings menu, select ‘Statements.’ You will see two figures on the page. One will be your current creator balance, which is the earnings available for withdrawal. The other figure will be your pending balance, which is earnings that have not been fully processed yet and are unavailable for withdrawal. Your current creator balance must be at least $20 to qualify for a withdrawal.
As long as your creator balance is above $20, you can select to withdraw a specific amount of money or your entire earnings.
Step 4: Choose Withdrawal Method
Select automatic recurring payments to transfer your current creator balance automatically. You can schedule the frequency of the transfer and select when it takes place. You can also select the manual withdrawal method, which requires you to initiate a bank transfer every time you want to receive a payment.
Automatic transfers are recommended. It is less work for you and helps regulate and manage your finances.
How Do OnlyFans Payments Work?
Earning potential on OnlyFans is unmatched. Creators can amass significant income by running an active and engaging profile. However, OnlyFans does have regulations in place to keep payments secure, fair, and accessible.
OnlyFans Fee
It is important to understand OnlyFans’ fees. OnlyFans keeps 20% of all creator earnings to cover processing fees and other services. This percentage is also retained from all earnings, including subscription fees, PPV content, and tips. That means 80% of earnings are given to creators.
While 20% might seem like a hefty fee, it is marginal when you consider that creating and maintaining an OnlyFans profile is otherwise free. Plus, OnlyFans gives creators complete agency over their profiles and pricing structure. So, making up the 20% service fee is easy by charging a little more for subscriptions or exclusive content.
Current Creator Balance vs. Pending Creator Balance
It takes eight business days for OnlyFans earnings to become eligible for withdrawal. That means fan payments from subscriptions, PPV content, and tips are listed as pending for about a week and a half. This delay ensures payments are secure. Once the payments are fully processed, a checkmark will appear in your earnings statement, and the money will move to your ‘Current Creator Balance.’ That money is available for withdrawal or transfer.
How to Make Money on OnlyFans
There are several ways to make money as an OnlyFans creator. Here are the most effective strategies to maximize earnings.
- Subscription Fees – Many creators charge a recurring monthly subscription fee. Fans can only access content by paying the subscription. OnlyFans creators can set their subscription fee for any amount up to $49.99. However, most accounts charge $5-$15 per month.
- PPV Content—Pay-per-view content consists of photos or videos that are available for purchase. OnlyFans creators sell exclusives at a cost in addition to a subscription. PPV photos are usually priced at $5, and videos can get $20 or more. You can also create a bundle of PPV content, like a mix of photos, for a higher price. However, OnlyFans maximizes PPV prices at $50 per unit.
- Custom/Personal Content – Fans love to engage with creators one-on-one. The best way to monetize this desire is by selling custom content. Popular options include personalized messages, DMs, or custom media requests such as filming a video acting out a specific fantasy. Custom content can be priced up to $100.
- Tips – Fans can tip creators at any time. Many OnlyFans profiles have a tip menu that suggests payment amounts for specific services. Livestreams are a great platform to ask for and solicit tips. New users can earn up to $100 in tips per event, while accounts active for four months or longer can earn up to $200 in tips per instance.
Make More Money On OnlyFans: Advertise with CreatorTraffic
Maximize your earning potential and advertise your OnlyFans profile on CreatorTraffic. CreatorTraffic is the top search engine and ad network platform for adult content.
CreatorTraffic puts your profile at the top of search lists. Build as many ad campaigns as you want. Choose target keywords that fans would type to find your content. Then, pay a small amount for every click your ad gets. Each ad connects users directly to your OnlyFans page. Sign up with CreatorTraffic and watch your audience (and wallet) grow!
How Fans Pay on OnlyFans
OnlyFans makes it easy for users to pay their favorite creators. OnlyFans accepts a variety of payment options, including:
- Major credit cards: Mastercard, Visa, and Discover
- Debit card
- Some prepaid Visa cards
Understanding OnlyFans Payment Methods: Frequently Asked Questions
Do you need to pay taxes on OnlyFans?
Yes, you need to pay taxes on any money you earn from OnlyFans. However, OnlyFans does not withhold money for taxes, so creators need to make individual arrangements. A good practice is to set aside 25-40% of your OnlyFans earnings for taxes. The amount you will need to pay depends on where you live and your total annual income. You can also pay an accountant to help manage your OnlyFans payments.
OnlyFans creators in the US will receive a 1099 form like any other independent contractor.
When can I withdraw my earnings on OnlyFans?
To withdraw your earnings on OnlyFans, the funds must be listed in your ‘Current Creator Balance.’ Pending earnings are not eligible for withdrawal. It can take up to eight business days for OnlyFans to release payments to your OnlyFans wallet.
The minimum withdrawal amount for OnlyFans creators is $20. However, there is no limit to the number of withdrawal requests you can make.
Do I need a bank account to get paid from OnlyFans?
Yes, you need a bank account to get paid from OnlyFans. Otherwise, it is not possible to set up transfers or withdrawals.