Welcome to the summary of the "Paxum Payout" discussion, a valuable resource for webcam models looking to navigate the complexities of receiving payments through Paxum, especially for those based in the UK. Here, members share their experiences, focusing on fees, conversion rates, and withdrawal methods. Below are the key points highlighted by our community:
- Concerns have been raised regarding the cost-effectiveness of using Paxum due to fees and conversion rates when withdrawing to UK bank accounts.
- Members have noted a variety of fees associated with receiving payments, including a $0.25 fee to receive payments plus additional costs for transferring money to personal accounts, which can total around $5.25.
- Withdrawal methods differ in speed and cost. Transferring funds to a debit card is instant but incurs a higher fee, whereas depositing into a bank account may take 2 to 4 days but is cheaper.
- Conversion rates when exchanging to GBP may be approximately 1% worse than the market rate. Additionally, transferring money to a bank account has been mentioned to cost around $2.50 a couple of years ago, with the process taking 2 to 4 days.
- For wire transfers, a fee of about $40 has been mentioned, with EFT (Electronic Funds Transfer) options being cheaper at around $5.50. However, there may be additional charges due to currency conversion at intermediary banks before the funds are finally converted to GBP by the recipient's bank.
- One member highlighted the complexity and confusion around Paxum's system, despite funds arriving instantly in their account.
This summary serves as a snapshot of the ongoing conversation about Paxum payouts among our professional community. For more detailed information, experiences, and advice, signing in and joining the discussion is highly recommended.