The thing that gave it away is how it states they withdrew 18k. The services takes a 20% cut, therefore they’ve made 21k average (maybe my math is bad) within 2 months. That means you’ll have to be within the top 0.5% from day 1
Also I doubt a service will recommend another service such as a bank as I could be wrong but isn’t this classes as falsely promoting and illegal?
Plus if you’re not in the states OF withdraws to PayPal not a bank imo.
Technically, you’d only need a business account for this if you’re receiving income from more than one source.
We tend to look at it as if you’re self-employed with a single invoice stream then you’re okay with a personal account but if you have multiple streams you’d need a business account.
Either way, you can get the best support from us by dropping a message via chat
Let’s say someone sells fish supplies on eBay under a business name OnlyFins and they receive all their income from PayPal, would they also be fine with a personal account? As the funds are technically from multiple transactions/invoices but the funds always come from the same source
It also depends on how the account is used. In this sort of case it’s likely that the person is also having to make payments to buy in supplies (fish, packaging etc) and services (website hosting, designers, etc) in which case they’re more likely to need a business account.
Update: It hit my account last night turns out because my monzo is a different name to my OF account it was put on hold by OF
I think this is because I have My first name being Lauryn then 4 middle names and a last name so I changed it by depoll to just Lauryn and a last name however my ID hasn’t been changed yet so my monzo was in my new name while OF was going off my ID name and since it didn’t match for safety it got blocked.
I guess it’s kinda my own fault as I never realised it’ll be anything to do with that issue. Apparently it’s a safety feature they have to stop accounts being hacked and letting anyone withdraw to any bank
Can you please update on what happened? I’ve just created a account and due to payout now but I’ve got my Monzo details… does that mean they won’t payout my money to that account?
You’d be using your personal account for business purposes which is against the terms.
You’d need a business account for this activity, regardless of where the funds are coming from, and I’m not sure where most banks stand in terms of receiving high value transactions from the adult entertainment industry.
Speaking with chat would help resolve your query directly.
This is generally still true and if we had concerns about somebody using their personal account for something we consider to be business we will send a message asking you to stop before we’d take any action against you/your account (further action if the activity continued could include notice to close)