OnlyFans Banking EU - $300k+ a month

[ilke]

Did you try Yoursafe ? It's a partner from Verotel .
https://www.yoursafe.com/en/index.html?_=1

Yoursafe is a really good choice, yes.

I am trying YourSafe right now but not sure how comfortable I am with large sums of money going through them. Yes Verotel are established but that doesn't mean that YourSafePay is secure. The price of the adult industry but I would have thought for over £3M a year there would be an option out there... :-(

It's a trusted company. You can generally expect safety with EU EMIs. Although they are overregulated, consumer protection and other beloved 'soc-dem' principles are very much considered by EU legislation.

You can spend with debit card and clear SEPAs with 0 issues at Yoursafe as they are processing through the Lithuanian central bank. The sole problem is that their compliance department is a bit disorganised and it takes time to solve things if they have questions.

Maybe you can explore Swissmoney (advertiser here on this forum but it has issues with SEPA right now) which may be open to higher risk or some other Swiss SRO para-banks.

Other than that something like The Kingdom Bank/Jeton Bank (same ownership) pops into mind because they take even ultra-high-risk in some cases and clear through EU EMIs but the pricing will not be reasonable at all.

I am not sure where you are based but in central Europe there are several options as an EU citizen and resident (basic LLC setup and local bank account) that will be very cost effective and will not have issues processing this. I don't have experience exactly in this space but in something close and CZ/HU with top banks will work ok.

IMO Paxum is not too bad either but they burn banking relationships somewhat often.

 

[JohnnyDoe]

well I think onlyfans definitely has a negative impact on society,

Like all forms of freedom of speech

it's fair banks refuse to work with it.

Now banks have become defensors of morality?

 

[JohnnyDoe]

I think with a simple personal us bank account you should be fine.
Plenty of good options for your residence, and better leaving the EU sooner than later.

 

[void]

well I think onlyfans definitely has a negative impact on society

that's perfectly fine to think that

it's fair banks refuse to work with it.

and this is the exact opposite

human stupidity is infinite and it's easy to profit off horny idiots

what makes you qualified to state this?

 

[JohnLocke]

Alright, I'm reaching out ahead of time so us moderators don't have to CLEAN up this thread. Can we please keep the opinions and debates in a different thread and only comment on the question the OP asked? THANK YOU!

If you don't have anything useful to contribute about the bank that OP is asking about, then kindly stay out of this thread. Feel free to start a new one over in the Let's Talk Body forum, where you can discuss to your heart's content!

 

[PleaseDelete]

At the end of last year, the monetary authority of the Netherlands (DNB) adjusted the risk classification for sex workers, making it possible for them to open and maintain a business account, as they were having problems to do so. Banks comply with this classification. The tax burden is high in the Netherlands but it is therefore and nevertheless an option that you could consider.

If a bank refuses, you can legally challenge it and you will most likely win.

That applies especially to a personal account if you register as a self-employed person (but that comes with a higher tax rate). Because you are not a legal entity in that way It is a constitutional right to have an account in your name. At least 1 bank is obliged to provide this.

In case you do: don't go with SNS, Regiobank but with bigger banks such as ING which are known to be more lenient towards foreigners.

Considering you like investing, the Netherlands doesn't charge a capital gains tax on stocks (however there is a wealth tax), a small advantage

Please don't take my thoughts as financial or legal advice, I'm just thinking out loud

Good luck in your search, I hope you find a possibility

 

[Dandyline]

I assume by high risk EMI you mean Paxum or Skrill or similar? The problem is that OF doesn't allow businesses to use Paxum Business as a payout method and Skrill is not available for OF business deposits either which means straight back to deposits from Fenix into a bank account.

Front's don't work as the payment comes from a known source. Billion dollar company, no hiding really.

I have tried several versions of fronts including UK Ltd (problems with banking), US LLC (banking) and looked into offshore Caribbean options but my investigation ended with that OF won't have any options for payouts to them either.

I would love to know how other 0.01%ers are doing it. I know some Aussie girls and they are lucky the aussie banks don't have any issue with OF. One british girl I know has simply not had issues yet but another much smaller has so it seems luck of the draw.

As for searching I have searched I have read everything here about OF and there is no resolution for anyone. If I find one I will add it here for future searchers.

There are several hundred different EMIs. Most banks don’t know that the transfer comes from OnlyFans, as the company name is different. You might also be able to receive payouts in smaller amounts?

 

[kissingerfdd]

well I think onlyfans definitely has a negative impact on society, it's fair banks refuse to work with it. However business is business and I understand that someone would want to get into it since it's so profitable, human stupidity is infinite and it's easy to profit off horny idiots

i think banks have had a far greater negative impact on society! haha. I love how you defend the banks, the same banks that funded and supported the cartels knowingly?! The banks that collapsed the economy by ignoring risk and chasing profit. The banks that fund war and terrorism but of course a woman show her on the internet is the problem with society. ‍

How is profiting from male desire for sexual gratification a problem for society. I think its mostly because Men are used to sexualising women for free and it irks them that a lot of women can monetize it now. ‍

I am sorry you have had a hard time with the ladies 12345, i hope it gets better.

Thanks @aniglo22 I will keep my hopes up on YourSafe then I had no luck with CosmoPayment for business and there personal is limited to $80k.... annually!

 

[kissingerfdd]

At the end of last year, the monetary authority of the Netherlands (DNB) adjusted the risk classification for sex workers, making it possible for them to open and maintain a business account, as they were having problems to do so. Banks comply with this classification. The tax burden is high in the Netherlands but it is therefore and nevertheless an option that you could consider.

If a bank refuses, you can legally challenge it and you will most likely win.

That applies especially to a personal account if you register as a self-employed person (but that comes with a higher tax rate). Because you are not a legal entity in that way It is a constitutional right to have an account in your name. At least 1 bank is obliged to provide this.

In case you do: don't go with SNS, Regiobank but with bigger banks such as ING which are known to be more lenient towards foreigners.

Considering you like investing, the Netherlands doesn't charge a capital gains tax on stocks (however there is a wealth tax), a small advantage

Please don't take my thoughts as financial or legal advice, I'm just thinking out loud

Good luck in your search, I hope you find a possibility

Wow. You are awesome I will be looking for a Dutch Tax Specialist tomorrow. This was a great lead and exactly what I was looking for. Thanks!

Thanks for the idea @Dandyline , its hard to justify running this like I am laundering money and that is the problem if I start making 10k deposits to 30 different accounts it is kind of a red flag.

 

[Dandyline]

Wow. You are awesome I will be looking for a Dutch Tax Specialist tomorrow. This was a great lead and exactly what I was looking for. Thanks!

Thanks for the idea @Dandyline , its hard to justify running this like I am laundering money and that is the problem if I start making 10k deposits to 30 different accounts it is kind of a red flag.

That's just a part of the game nowadays.

 

[kissingerfdd]

Yoursafe is a really good choice, yes.

It's a trusted company. You can generally expect safety with EU EMIs. Although they are overregulated, consumer protection and other beloved 'soc-dem' principles are very much considered by EU legislation.

You can spend with debit card and clear SEPAs with 0 issues at Yoursafe as they are processing through the Lithuanian central bank. The sole problem is that their compliance department is a bit disorganised and it takes time to solve things if they have questions.

Maybe you can explore Swissmoney (advertiser here on this forum but it has issues with SEPA right now) which may be open to higher risk or some other Swiss SRO para-banks.

Other than that something like The Kingdom Bank/Jeton Bank (same ownership) pops into mind because they take even ultra-high-risk in some cases and clear through EU EMIs but the pricing will not be reasonable at all.

I am not sure where you are based but in central Europe there are several options as an EU citizen and resident (basic LLC setup and local bank account) that will be very cost effective and will not have issues processing this. I don't have experience exactly in this space but in something close and CZ/HU with top banks will work ok.

IMO Paxum is not too bad either but they burn banking relationships somewhat often.

Awesome response. Thanks @ilke .

Ok I will keep working with YourSafe let's hope there are not too many compliance issues (how does Verotel not have a handle on this?!)

I haven't seen Swissmoney but will look into them now. TKB/JB give me... vibes. haha. I will look into them though, options are always useful in this space and nothing is cheap

I hadn't considered HU or CZ but obviously there is precedent for adult I just need to look into the tax implications.

Paxum sometimes just randomly burns a banking partner and your money is stuck which gets frustrating.

Honestly I wish OF paid in crypto might put some pressure on the banks as well.

Anyway awesome post so thanks. I will follow up with what I find as well. Only fair to share back.

 

[JohnnyDoe]

At the end of last year, the monetary authority of the Netherlands (DNB) adjusted the risk classification for sex workers, making it possible for them to open and maintain a business account, as they were having problems to do so. Banks comply with this classification. The tax burden is high in the Netherlands but it is therefore and nevertheless an option that you could consider.

If a bank refuses, you can legally challenge it and you will most likely win.

Not as a non NL resident.

That applies especially to a personal account if you register as a self-employed person (but that comes with a higher tax rate). Because you are not a legal entity in that way It is a constitutional right to have an account in your name. At least 1 bank is obliged to provide this.

In case you do: don't go with SNS, Regiobank but with bigger banks such as ING which are known to be more lenient towards foreigners.

Try Bunq, if it doesn’t work look elsewhere, better outside the EU and CH.

 

[12345]

i think banks have had a far greater negative impact on society! haha. I love how you defend the banks, the same banks that funded and supported the cartels knowingly?! The banks that collapsed the economy by ignoring risk and chasing profit. The banks that fund war and terrorism but of course a woman show her on the internet is the problem with society. ‍

I didn't say that I love banks and support all they do but they are private companies, they can refuse to work with anybody if they don't want to, it's freedom. I give them credit here for refusing to work with (in my opinion) harmful business.

I am sorry you have had a hard time with the ladies 12345, i hope it gets better.

Please refrain from personal attacks, I just shared my opinion

If you are looking for a dutch bank I can recommend both Vivid and Bunq, I have positive experience working with both of them (although bunq has very slow customer service, vivid would be my first choice here)

 

[JohnnyDoe]

I didn't say that I love banks and support all they do but they are private companies, they can refuse to work with anybody if they don't want to, it's freedom. I give them credit here for refusing to work with (in my opinion) harmful business.

Banks are private companies that play an important role in society, and should refrain from moral judgements. They should reject illegal businesses, not those that they consider immoral.

If you are looking for a dutch bank I can recommend both Vivid and Bunq, I have positive experience working with both of them (although bunq has very slow customer service, vivid would be my first choice here)

No problems for me with Bunq while I was rejected by vivid for unknown reasons.

Does anyone know other nl banks?

 

[JayxDee]

Banks are private companies that play an important role in society, and should refrain from moral judgements. They should reject illegal businesses, not those that they consider immoral.

No problems for me with Bunq while I was rejected by vivid for unknown reasons.

Does anyone know other nl banks?

Try Revolut, the just got a NL licence.

 

[diatessaron]

Impressive numbers, a job well done. Keep it up and retire with an obese bank account, make sure you invest some in Bitcoin.

To answer your question, try:

https://cardonemoney.com/
and
https://suitsmecard.com/

 

[AlexPCS]

Onlyfans really needs to embrace crypto. Content creators should focus on what they are good at rather than wasting time begging banks for an account =)

 

[polonieth]

Aside from the advice here. Can you reach out to some of these other big-name creators and ask what they are doing? I'm seeing two, in particular, getting a ton of mainstream press coverage for "running through 100 guys in a day" and claiming to be making serious cash off the back of it.

 

[polonieth]

Onlyfans really needs to embrace crypto. Content creators should focus on what they are good at rather than wasting time begging banks for an account =)

I'm surprised they never did an ICO with an OF Coin

 

[JohnnyDoe]

I'm surprised they never did an ICO with an OF Coin

They already had their fair share of troubles with banks some time ago, they don’t want to go through a SEC nightmare.