Choosing the right bank for handling payments from adult entertainment platforms can be a nuanced decision for UK-based webcam models. The discussion on our forum has revealed several insights and personal experiences from members regarding different banking options. Here's a summary of the key points:
- Transferring money from Paxum to a personal bank account is common, as Paxum now operates under Paxum Bank US, which doesn't explicitly associate with adult entertainment, making transactions less conspicuous.
- Starling Bank and Bunq have been mentioned positively for their compatibility with Paxum transfers, although Bunq's current availability for UK citizens is pending due to licensing.
- Concerns have been raised about the potential for banks to close accounts if they suspect the funds are derived from adult work, despite the indirect transfer method via Paxum potentially masking the source.
- Revolut and Wise are recommended for their less intrusive approach towards the source of payments, whereas traditional banks like Monzo have been reported to close accounts related to adult entertainment payments.
- Santander and Metro Bank were highlighted as adult work friendly, offering a more accommodating banking experience for professionals in the industry.
- Models have shared experiences of using Starling and Barclays without issue, emphasizing the importance of discreet payment descriptions and the potential for using daily pay services or prepaid cards as alternatives.
This discussion underscores the importance of choosing a bank that aligns with the unique needs of webcam models, particularly in navigating the complexities surrounding the source of income. Members have shared valuable recommendations and personal experiences to aid in making an informed decision.