Concerns and queries have emerged among webcam models regarding the sudden cessation of services by Firstchoicepay, a popular payment method in the adult industry. Members of our forum have shared their experiences, confirming the discontinuation of Firstchoicepay's services due to issues with Choice Bank, the issuing bank for Firstchoicepay cards. This development has prompted a surge in discussions around alternative payment options, with many expressing uncertainty and seeking advice on reliable payment methods moving forward.
- Initial reports indicated that Firstchoicepay is winding down its services, no longer processing payments, and ceasing the issuance of prepaid cards.
- Several members confirmed receiving official notifications from platforms like YouKandy and Cam4 about the liquidation of First Choice Pay.
- Confusion and disbelief were expressed by some members, with conflicting information regarding the validity of these reports.
- It was clarified that the problem stems from Choice Bank entering a "liquidity constrained position," affecting Firstchoicepay's operations.
- Members discussed the implications of this situation on payment methods, sharing tips on alternative options like Paxum, Transferwise, and direct bank transfers for different regions, including the US, Canada, and Europe.
- Concerns were raised about the ability to withdraw existing funds from Firstchoicepay cards and the overall impact on timely payments from adult platforms.
- Some members shared their personal experiences of preemptively switching to other payment methods due to previous signs of instability with Firstchoicepay.
- Official statements from adult platforms and payment services were cited, confirming the operational issues with Firstchoicepay and recommending immediate withdrawal of any funds on the prepaid cards.
- Discussions also highlighted the broader impact on the adult industry, including adult performers and affiliates, with many seeking clarity and reassurance on secure and reliable payment methods going forward.
The consensus among forum members is the need for a swift transition to alternative payment solutions, with many expressing a preference for services that offer minimal fees and reliable international transfers. The situation has underscored the importance of staying informed on payment service providers' stability and having contingency plans for financial transactions.