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Payment options for Canadian performers and sellers
So this question comes up a lot and I thought it was worth making a separate post about it to try and get all the information in one place. While there are many great resources on the various camming and selling subreddits regarding payment options, none of them are specific to Canadian sellers as far as I know. Please make sure you familiarize yourself with those, though, because they have information about the safety of your money and your identity/privacy when using each service. Transparency Statement Apps and services I have personally used will be indicated within. I also want to note that I was given a $10 Polyalpha gift card by a fellow Redditor and seller for a chance to try the service (it was a public offer given in a comment thread). I do not anticipate bias because of this, but it has given me information about the service that I would not have otherwise had. Disclaimer This post is for information purposes only and nothing I say should be construed as an endorsement. Similarly, the focus of this post is on payment options for Canadian models. There are a lot more things to consider as you do your research, so please keep in mind that this is not intended to be a comprehensive resource and take the time to double-check how each works when it comes to personal safety and anonymity in particular. I have broken this down into two tables – one for third-party apps that Canadians can use to receive direct payment from individual buyers, and one that gives the lowdown on getting paid from various content/cam sites. Note that many of the options in Table 2 are also payment processors or can be used as such. Table 1. Third-party apps for receiving direct payment. >>Options in bold require that you have a US-based checking account<< See next section for more information.
Currency options for receiving payment
Payment options for buyers
EUR, GBP, USD
Must have Paxum
Prepaid card; to US bank account
Poor quality info online; nonexistent customer service
ePayments - I did not include this here for a couple of reasons. One, they can no longer process payments in USD. Two, their verification process, app, and customer service were super frustrating. Three, it's still not clear to me if I can accept crypto payments here or if I could only pay myself in crypto out of an existing wallet and use ePayments for currency exchange. I've seen other sellers indicate ePayments as a payment method so maybe someone else could provide additional info in the comments.
Payoneer - Omitted due to absurd restrictions and fees. a) For example, your billing address has to match the national currency you are using for your withdrawal currency, meaning your billing address would have to be in the US in order to withdraw in USD. That means that a Canadian model with a US-based account wouldn't be able to set up withdrawals into their US account. b) Fees are quite high, especially considering most other options are free.
PolyAlpha – The website only shows PayPal as a payment option to buy the gift vouchers but both PayPal and CashApp were indicated in a Reddit comment from someone involved with the service
CashApp, Venmo, and Square Cash – some Redditors have indicated that it’s possible to register for these services if you are using a VPN. CashApp, for example, has transaction maximums for unverified accounts of $1000/month and $250/week, so as long as you are below these amounts then you wouldn't have to verify a US address. I can’t attest to this but wanted to mention it as a potential option for those with a US-based bank account.
Processing times – I left these out in the interests of having a read-able table but they are not all instant. In general, most are within one day or less except direct deposit from GiftRocket. Please research the source links for more information. Also note that processing times at US banks seem to be much slower than what we are used to – just a heads up.
Opening a US Checking Account To my knowledge, TD and RBC are the only banks where this is possible. In order to take advantage of the payment options I’ve identified in bold in Table 1 and Table 2, it is imperative that you open a US-based checking account and not just a USD account through your home branch. The difference is that a US-based checking account is tied to a branch that has a physical location in the US. I opened mine through RBC and it was relatively painless. I opened a Canadian checking account online but had to go to a branch to provide ID verification. This is required in order to open the US account. Next I called them to open the US-based account. You can do this at any branch as well, but I was told that it takes longer to open this way. Over the phone, it was instant. My accounts are linked through my online banking portal and RBC banking app, allowing me to transfer myself money easily and instantly. They also sent me a Visa Debit for my US account, which took about two weeks to arrive. Table 2. Payment methods for Canadian sellers and performers on various cam/content sites. I have omitted all instances of wire transfers (because they are slow, expensive, and usually have high payout minimums) and all instances of cheques (because they are slow). I have omitted all mention of ePayments because they no longer accept payments in USD.
Certain types of information were omitted for the sake of brevity. Of particular interest may be payout percentages, payout procedures, and payout intervals.
TL;DR Get a US-based bank account, Paxum, and Shakepay. I am open to questions, comments, and concerns! I would like this resource to be as tight as possible so be sure to let me know if you see any issues or gaps.
February 2012: Paxum. In less than a year, a new nuisance happened with Bitcoin. After the exchange of Paxum refused to work with BTC on February 11, 2012, the price of cryptocurrency fell sharply by two dollars – now this figure looks ridiculous, but then it amounted to a third of the price – the cost of the coin after the fall was about $ 4. The price of Bitcoin dropped from $139 to $109 in a few short hours. By November 2013, the value of a single Bitcoin reached parity with an ounce of gold, over $1000. This feat was short lived though, as the price of Bitcoin tanked once again the following month, to as low as $600, before moving between that range for the next two months. When Bitcoin started out there wasn’t really a price for it since no one was willing to buy it. The first time Bitcoin actually gained value was on October 12, 2009 when Martti Malmi, a Finnish developer that helped Satoshi work on Bitcoin, sold 5050 Bitcoins for $5.02. This gave 1 Bitcoin the value of $0.0009. How Much was Bitcoin Worth at ... 5% for Paxum – Bitcoin min fee = 0.01 BTC) Time: >30 minutes 1 BTCE – 0.99 Perfect money min fee = 1 USD) Time: >30 minutes 1 BTCE – 0.96 Paxum min fee = 1 USD) Time: >30 minutes BUY/SELL 1 Perfect money – 0.99 RIA, [censored] min fee = 19 USD) Time: >20 hours 1 RIA, [censored] – 0.97 Perfect money min fee = 19 USD) Time: >20 hours 1 Paxum – 0.985 RIA, [censored ... The latest blows saw Bitcoin's value slump around 20% to about $4.50 on the MT.Gox exchange, well down on its peak of $30 last summer. Finextra verdict: Taken at face value, Paxum's decision to ...