Welcome to our discussion on alternatives to TransferWise for cashing out from OnlyFans. As many of you may be aware, TransferWise has announced it will no longer accept payments from adult entertainment sites, prompting the need for alternative solutions. Here are some suggestions and experiences shared by our community members:
- For those in Brazil, Banco do Brasil Americas is recommended. It requires an initial deposit of $3,000 to open an account but offers an American bank account that can be managed from Brazil.
- Bitwage is another alternative that operates similarly to ACH payments but compensates you in Bitcoin.
- In the UK, direct bank account payments from OnlyFans are a viable option.
- For those in Germany and potentially other parts of Europe, switching your payment option from individual to business within your bank may facilitate smoother transactions. A business account with a local bank has been suggested for quicker access to funds.
- Monese is highlighted as an adult-friendly banking option that provides IBAN for international transfers and supports payments in USD. While not personally used by the contributor, it comes recommended through the experience of a fellow cam model who uses it for receiving payments from platforms like Stripchat and Cam4.
This summary reflects the experiences and suggestions from our community regarding alternative banking solutions for OnlyFans payouts, particularly for those seeking options compatible with adult entertainment earnings.