Find out about the different payment methods on Chaturbate. You can collect your earnings using the service that suits you best.
Chaturbate has a wide variety of payment methods so that models from all over the world can easily collect their earnings. The problem is that some services charge a very high commission which affects the models’ income. On the other hand, there are other services where the commission is lower or there is no commission at all. The latter is only for models living in the USA.
What payment methods are available on Chaturbate?
Check Sent By Mail (No Processing Fee)
- A US cheque will be sent to your country free of charge by the Post Office. It may take a few weeks or months for it to arrive.
- Please note that to cash a US cheque you must go to a bank or currency exchange (bureau de change). Most banks charge a high commission for cashing the check, so your earnings may be reduced. I recommend that you research each bank’s fees and commissions. Another alternative is to go to a bureau de change. You may get a lower commission, but it will probably still be a bit excessive.
- My suggestion is that there is another cheaper and quicker way for you to collect your earnings.
Check Sent By Fed Ex (Express mail)
- The check is sent by FedEx, a fast delivery service that can arrive the next day. However, the cost of this service is $40 for shipments within the United States and $80 for all other countries.
- It is recommended to avoid this method of payment. It is too expensive. In addition, there will be an extra charge from the bank, which could have a negative impact on your earnings.
Payment by International Wire
- Chaturbate will transfer your winnings and deposit them into your bank account. The fee for the international bank transfer is $45.
- Please note that your bank may also charge a fee for the international bank transfer.
Paxum
Paxum is the most preferred payment method by models on Chaturbate. It also has the lowest commission to transfer your earnings to your Paxum account. The commission is 0.5 cents per transfer.
Paxum also offers various payment methods to charge your bank account or the following payment methods:
- Bank transfer: Deposit to your bank account via SWIFT transfer, the fee is 50 USD.
- Electronic Funds Transfer (EFT): This is a payment method used mainly in Latin America because it allows you to withdraw your money to a specific bank for a small fee of 8.95 USD for Colombia and 5 USD for other Latin American countries. Today, this payment option can only be used in Latin America, except for Venezuela.
- Transfers to cards: Transfers from your personal Paxum account to Visa or MasterCard cards with a fee of $6 + 3% of the amount transferred. Unfortunately, this method does not work with most cards. Paxum will reply that your bank does not have the ability to receive payments from abroad to your Visa or MasterCard.
COSMO Pay
Your earnings will be sent to the Cosmo Pay service with a processing fee of $1 per transaction. The following payment methods are offered by Cosmo Pay:
- Bank transfer: They charge $3 for each transfer, according to their website.
- Card transfer: They charge $5 for each transfer, according to their website.
Skrill
Previously this service was available worldwide, but now there are restrictions on the delivery of cards to Latin America. Only users from the European Union will have access to more benefits for the withdrawal of their winnings.
Depending on the country you are in, Skrill will deposit your winnings to a bank account, a VISA card or a Mastercard.
Chaturbate charges a fee of 1.25% of the amount of the transaction. The fee will not be more than $25 if the transfer is for a much larger amount.
Bitcoin
You can receive your payments in a Bitcoin (BTC) wallet such as Binance or Paxful and then sell your Bitcoins to another user in your country, where you will be paid in your local currency and into your bank account. Note that the above services give you a Bitcoin address that changes every time you receive a payment, so you will need to update your Bitcoin address on Chaturbate’s payment form or other platforms as well.
Furthermore, Chaturbate now charges a fee for sending bitcoins to your wallet. This fee varies depending on the price of bitcoins.
Once the bitcoins are in your Binance or Paxful wallet, you can sell them to receive cash in your bank account.
NOTE: Binance or Paxful change the wallet address to prevent anyone tracking your payments. Previous bitcoin addresses may only work for up to 12 months. It is recommended to constantly update the bitcoin wallet on Chaturbate and other platforms.
You need to know a lot about bitcoins, otherwise you could lose your money because of the following:
- Mistype a bitcoin address to receive or send funds.
- Write an address for “Bitcoin Cash” or another cryptocurrency instead of “Bitcoins”. You should know that there are many cryptocurrencies. Each one is a completely different cryptocurrency.
- Failure to back up your “private key” or “12 phrases” in case you have formatted your computer or have a new computer (in bitcoin wallets that ask you to generate phrases such as Exodus or Atomic.
You should also be aware that the value of Bitcoin is very volatile, it can double, triple or quadruple in value very quickly, as well as lose some of its value in a matter of days.
If you are still unsure about how bitcoins work, I recommend that you receive your earnings via another payment service.
Payment by Canadian EFT
- This service is only available to models working and residing in Canada.
Payment by direct deposit
- This service is only available to models working and residing in the United States.
Remember that you have to convert your tokens into cash before the payment date if you want to withdraw your tokens. This guide on how to set up Paxum as a payment method on Chaturbate will help you if you want to withdraw your payments with Paxum.
I hope this guide about “What are the methods of payment available on Chaturbate” has helped you. If you have any doubts or questions, don’t forget to leave a comment and we will be happy to answer them and help you..
