Rules For Withdrawing Money on OnlyFans

Compared to other adult fan sites, OnlyFans has fairly loose terms and conditions for withdrawals. This is great news for content creators because it means it is easy to claim the money you have worked so hard to earn.

Verification –  OnlyFans requires every creator to verify their identity. This usually involves uploading a close-up of a photo ID and a selfie of you holding that photo ID. Depending on the payment method you select, there may be additional verification steps. You cannot withdraw funds until your account and payment method are verified. 

Active Account – If your OnlyFans account has been banned or suspended, you will not be able to withdraw your money. If you believe your account was deactivated in error, reach out to the OnlyFans customer service team right away.

Processing Times – There is a delay from when a subscriber pays to when that money becomes available in your creator wallet. The average processing time is 10 business days. This might seem like a long time, but this rule is designed to protect creators. OnlyFans will make sure funds are legitimate and fight fraud. Once you initiate a withdrawal, it can take an additional 3-7 business days for the money to appear in your account, depending on your payment type.

Minimum Withdrawals – While OnlyFans does not set a limit for how often a creator can withdraw, there are minimum amounts. These benchmarks are put in place to avoid fraud and theft. If you are withdrawing to a bank account, you need to request at least $20. If you are withdrawing to an e-wallet, the minimum requirement is reduced to $5. It is important to note that OnlyFans payments are made in US dollars, so conversion rates may influence these figures.

Payment Options – OnlyFans gives creators options for where they want their withdrawals to go. You can send payments directly to your bank account, or you can use an e-wallet like Epayments or Wirecard. Remember, your OnlyFans income is taxable, so make sure to reserve some of your withdrawals to cover your tax bill.

Step-By-Step Guide to Withdraw Money on OnlyFans

Simplify the withdrawal process by following our convenient step-by-step guide. If you encounter any questions or issues, OnlyFans has an excellent customer service department and responds to all inquiries quickly.

Step #1: Set Up Payments on Your OnlyFans Profile

Sign in to your profile and go to your account settings (located by your profile picture). Select ‘payouts’ and fill out all the necessary information. If you are withdrawing from a bank account, you may need to provide additional verification like a photo ID or proof of address. 

Step #2: Request a Withdrawal

Under the ‘payouts’ page, you will see an option to request a withdrawal. You can type any amount of your choosing based on your creator wallet balance. Remember, it takes a few weeks for your earnings to become available for withdrawal. If funds say “pending” or “processing,” then they are unavailable, and you may need to wait a few more days.

There are withdrawal limits based on your payment method, so be mindful of this when requesting money. Once you fill out your request, submit it and wait the allotted time for processing.  

Step #3: Check Your Bank or E-Wallet

When your payment is released, it will be updated on your payout page on OnlyFans. Confirm that the money was deposited correctly. If you notice a discrepancy, make sure to reach out to OnlyFans immediately.

OnlyFans Payments FAQs

To help you gain a better understanding of how to withdraw money on OnlyFans, we compiled some of the most frequently asked questions so you can move forward with confidence as an adult content creator.

Does OnlyFans Charge Fees to Withdraw Money?

Yes, OnlyFans keeps 20% of all creator earnings. This fee is subtracted before funds become available for withdrawal in your creator wallet. There is no action you need to take to pay this commission. It is processed automatically.

Do I Need to Pay Taxes On My OnlyFans Earnings?

Yes, OnlyFans income is taxed just like any other earnings. Taxes are not removed from withdrawals, so creators need to reserve funds on their own. Many hire CPAs to help stay on top of tax bills.

Why Can’t I Withdraw Money From My OnlyFans Account?

There are several reasons why a withdrawal might be denied on OnlyFans. The most common reasons include:

• You don’t have the minimum threshold amount available to withdraw
• Your OnlyFans account is inactive because of a ban or suspension
• Your payment method was not properly verified

Can I Change My Payment Method on OnlyFans?

Yes, you can update your payment information at any time. Go to your OnlyFans profile and visit the settings. Select “payouts” and update your withdrawal details.

Can I Withdraw My OnlyFans Earnings In Any Currency?

OnlyFans payments are processed in the US dollar (USD). If you withdraw to an e-wallet, you may be able to set it up to convert to your local currency.

What Will an OnlyFans Payment Show Up As?

OnlyFans payments will appear as “Fenix International Limited” on your bank statement. It will not show up as OnlyFans. If you have questions about a deposit, reach out to your bank for clarification.

Get Paid on OnlyFans

Withdrawing money from OnlyFans is a straightforward process once you have your account set up and the necessary verifications complete. While there are some requirements like account verification, minimum withdrawal amounts, and processing times, the platform provides several options for creators to access their earnings easily. Whether you choose a bank transfer or an e-wallet, just make sure to follow the steps we outlined and keep track of your income for tax purposes. By staying informed and prepared, you’ll be able to enjoy the fruits of your hard work without any unnecessary stress.

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.