The number one thing every OnlyFans creator wants to know is how to withdraw their earnings. You’ve worked hard to grow your subscribers and sell PPVs, so it’s only natural to want access to that money as soon as possible. Learn how to get your money and the rules OnlyFans has for withdrawals. Don’t worry – the process isn’t complicated. We have broken it down step by step to eliminate confusion and help get cash in your pocket fast!
Table of Contents
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.