Some of you may have worked as a webcam model for longer. You surely remember the shocking news when one of the biggest payment platforms ePassport went down in September 2010. Many companies lost a lot of money and even more models and affiliates were left with no option to withdraw or spend their money.
Fast forward to May 2018, FirstChoicePay (and the Belize based Choice Bank) went down, again leaving many businesses and people without money. These events show, that if you want your money to be save (and why wouldn’t you?) you should keep it with an established financial institute. Storing your money on a virtual wallet, provided by a dubious company, registered on a Caribic island, with no bank guarantee isn’t exactly safe. It’s more like gambling or Russian-roulette.
What you need is a bank account, with a trustworthy Bank. You might say, that banks can also go bankrupt and you might be right. But the chance is much lower, that an established and prestigious bank would go down from one day to another. We, as a webcam platform must make sure, that we receive our money in time and can safely and legally move that money. You, as a webcam model must also make sure, that you can receive your money and that money is safely kept.
This is why we decided to offer a few tips on how to get paid safely and which companies we trust, when it comes to receiving payments.
The good old bank (bank account)
Having a bank account at a reputable, local bank is what we consider the safest. You can receive money in different currencies (at least in USD and EUR if you want), you can have a debit or credit card and you do not have to worry about losing your hard-earned money. Look around in your country, try to find the best deal. Remember, cheap is not always the best!
TransferWise is a London-based money transfer service. After registration, you get your own bank account number (IBAN) and can receive money in all major currencies like EUR, USD, GBP, CAD and many more. You can also get your own debit card that you can use at ATMs all over the world or pay directly in shops. They have a very transparent pricing scheme so you will not get and surprises in form of hidden costs.
Transferwise is also available for Ukranian and Russian people and they issue card to these countries as well.
TransferWise is on the market since 2011 and are authorised by the FCA. This means, that they are controlled regularly by the authorities.
TransferWise account fees:
– Creating account: 0 EUR
– TransferWise debit card: 6 EUR
Sign up for Transferwise here: https://prf.hn/click/camref:1100ldbZR
Monese is a UK company that offers current accounts and money transfer services as an alternative to traditional banks. The mobile-only service provides accounts in GBP, EUR and Romanian leu, and is available in 31 countries across the European Economic Area. Opening your account is easy and only takes a few minutes. You can order a debit card and the mobile app give you a great overview of your financial situation and spendings.
Monese account types and fees
– Simple: 0 EUR / month
– Classic: 5.95 EUR / month
– Premium: 14.95 EUR / month
Sign up for Monese here: https://monese.onelink.me/7vQs/7e78701
Revolut is also a UK fintech company, founded in 2015 with the headquarters in London. Their solution allows you to receive and send money quickly and safely. Revolut comes with a mobile app and a debit card. Opening an account is easy and only takes a few minutes. The mobile app offers you many options to handle your money: send to family and friends, exchange between currencies, view your spendings and a lot more.
Revolut account types and fees
– Standard: 0 EUR / month
– Premium: 7.99 EUR / month
– Metal: 13.99 EUR / month
Sign up for Revolut here: https://revolut.com/referral/ferencq5q6!G10D21
N26 is a fresh fintech company from Germany, offering a very intuitive mobile app to take control over your finances. You can order a debit card, that comes in 5 different colors and you can choose the one you like best. The account and card works with Apple Pay, so you can use it to pay directly from supported Apple phones. The paid accounts (You and Metal) come with basic travel insurances, up to 5 and 8 free withdrawals within the Euro zone and up to 10 sub-accounts.
N26 account types and fees
– N26 Standard: 0 EUR / month
– N26 You: 9.90 EUR / month
– N26 Metal: 16.90 EUR / month
Sign up for N26 here: https://n26.com/r/aronk2606