Why is your money still on OnlyFans?

OnlyFans operates similarly to other content platforms. Creators need to create a profile, link a bank account, and receive subscription payments. Once a creator has accumulated a certain amount, they can request a payout. Typically, it takes around two days for payout transactions to be processed.

However, many creators encounter an issue where their money doesn't immediately appear in their OnlyFans account. Content creators on the platform monetize their content by selling subscriptions or receiving donations from their fans. Initially, these earnings go into a pending balance, which means the actual withdrawable funds become available after an 8-day period. The status of the pending balance can be monitored in the account settings under the "Earnings" tab.

Let's delve into the details!

When a creator receives payments, the funds are initially placed in a pending balance. These transactions undergo an 8-day processing period. After this period, the money is transferred to the current balance, allowing creators to request a withdrawal. This is the general process for all financial transactions on OnlyFans.

Creators can track the movement of their funds between balances by accessing the "Earnings" section. Transactions marked with a tick indicate that the pending period has elapsed, and creators can request a withdrawal.

Similar to other content platforms, OnlyFans has set certain restrictions on withdrawals. The minimum amount required to initiate a withdrawal is $20. Consequently, creators cannot transfer funds to their bank account until they have accumulated at least this minimum amount.

Once the earnings have completed the 8-day waiting period and are in the creator's current balance, they can proceed to withdraw the funds to their bank account.

If desired, creators can set up automatic payments to occur on specific dates and times. This option can be configured on the "Statements" page.

Transferring funds from OnlyFans to a creator's bank account typically takes three to eight business days. To track payments, authors can navigate to the Payment Requests section.

One of the most recent alternatives to OnlyFans that has emerged in the market is FriendsOnly.

FriendsOnly

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FriendsOnly is a social network specifically designed for content creators. It provides a platform where authors can publish various types of content and generate a stable income. Creators can earn money through subscriptions, paid posts, selling exclusive content via private messages, and receiving donations. Moreover, the platform incentivizes authors by offering generous rewards for building an audience. A standout feature is its advanced recommendation system, which helps users discover content tailored to their preferences, thus boosting revenue for authors.

OnlyFans offers a platform for authors to earn money but retains a commission. The platform deducts 20% from each payment made on the site. Payments are processed automatically, and authors can review their payment history on the "Statements" page.

Creators can withdraw their earnings using the following methods:

1. Automatic transfer: With this option, the creator's earnings for a specific period are instantly transferred to the bank account connected to their OnlyFans profile.
2. Manual transfer: This method allows content creators to specify the desired amount and payment date. They can make withdrawal requests through the "Request a payout" page.
3. Direct transfer (OTC): Content creators can utilize OTC (VISA direct) to receive payments directly into their bank accounts. Transactions made through this method usually take one business day to process. There is a minimum withdrawal limit of $20, and creators can withdraw up to $1000 at a time.
4. International wire transfer (SWIFT): This option involves transferring payments to a bank account via SWIFT payments. The minimum withdrawal threshold is $200, and transfers typically take between 3 to 8 business days. There is no limit on the number of withdrawals per day.
5. Electronic payments: Earnings are transferred to the author's e-wallet. The minimum withdrawal amount for this method is $100, and processing time is approximately one day.

Authors earning money on OnlyFans don't need to deduct taxes from each payment. Instead, taxes are paid once at the end of the billing year. Creators are advised to set aside 25% of their annual income to cover tax obligations.

FriendsOnly

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