Payment method

GENERAL PAYOUT INFORMATION

EARNING PERIODS

We divide each month into two earning periods, these are:

• I. earning period: 1st - 15th of the month
• II. earning period: 16th - till the end of the month

PAYOUT LIMITS

• Payout limit is the amount of earnings you need to collect in order to get paid on the payout date of that period (you can read more about payout dates under PAYOUT DATES section.

• The current payout limit is $100

• The limit can be set from the Studio Account between pay periods.

PAYOUT DATES

We send payouts twice a months, these are:

• I. payout date: 5th of the month
• II. payout date: 20th of the month

• If your earning reaches the minimum payout limit in any given period, your payment will be sent with 1 period delay. (That's 20 days after the end of the period.)
  
• Payouts might take longer with 2-3 days if there is/are a bank holiday day(s) in the payment period (weekends, international holidays)

IF YOU EARN LESS THEN THE MINIMUM PAYOUT LIMIT

If you earn less than the payout limit in a period then the amount will be rolled over to the next pay period.

PAYMENT METHOD AND / OR PAYOUT LIMIT CHANGE

If you would like to add a payment method, change a payment setting (payment method, payout limit), please do it in time (In the closing time between 1st to 5th of month and 16th to 20th IS NOT ALLOWED).

If you are about to change your PAYMENT METHOD (or payout limit) then do the followings:

1. log into your studio or solo performer account.
2. click on the menu: Account / Payment settings
3. scroll down the page to the 'Payout information' section
4. to link your already existing FirstChoice Pay account or to order a new one click on the sentence: 'Click here to link your existing card to SoulCams or request a new card!' and you will be directed to FirstChoice Pay's page.

SENDER OF PAYMENT

Once you could link your FirstChoice Pay account to your SoulCams account, you will get an email from FirstChoice Pay with subject: 'You Successfully Added Fluffy Stone Media as a New Funding Source!', furhermore you will see 'Fluffy Stone Media' in your FirstChoice Pay account at 'Funding Source' menu.

CURRENCY

Please note that SoulCams.com sends payouts in US dollars, therefore if you choose wire transfer as your payout method we recommend that you open a bank account in USD. This way you can avoid additional costs and unfavorable exchange rates.

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Payment methods on SoulCams.com

FIRSTCHOICE PAY

FirstChoice Pay is an e-Wallet based payout solution. By choosing this option, you will be paid on your FirstChoice Pay virtual account from where you can easily transfer your funds either to your FirstChoice Pay MasterCard® card or to your local bank account.

You can set up a FirstChoice Pay account through SoulCams.com or you can register your already exisiting FirstChoice Pay account too at us.
FirstChoice Pay markets, manages and services prepaid MasterCard® debit cards. The FirstChoice Pay Prepaid MasterCard® card works just like any other MasterCard® card. The card is accepted at all locations worldwide, where MasterCard® is accepted electronically. You can use it at a point of sale location to make purchases and at ATM's to withdraw cash. With the added security of choosing your own PIN, you can be assured of no unauthorized use of your card. In addition to the prepaid card service, FirstChoice Pay offers local bank transfers (ACH for US and International ACH for outside US). This option is fast, cost-efficient and a perfect alternative for paper checks.

FirstChoice Pay is recommended for the following reasons:

• You receive a MasterCard branded plastic card which you can use to withdraw money in any ATM or pay with it at POS terminals and online.
• You can accept payments, check your balance, and send funds to other FirstChoice Pay users online, by logging into your FirstChoice Pay account.
• Smart security feature implemented for your protection (you need to accept a payment, it is not charged to your account automatically, therefore your funds are safe if you lose your card).

FirstChoice Pay fees:

Virtual Account

• to FirstChoice Pay MasterCard card
  • new MasterCard card Free
  • card load fee instant $3
  • card load fee normal Free
  • ATM withdrawal $2.75
  • account maintenance $2/Month
• to bank account
  • Local bank transfer Free

Direct Bank Transfer

• • transfer in USA $2
  • outside USA in local currency $3
  • outside USA in USD($) $15

• How to activate your FirstChoice Pay card: once you get your card delivered, you can activate it by clicking on the Activate your card menu in your FirstChoice Pay account. You will be required to provide the 16-digit card number and a 4-digit PIN. The PIN is not sent to you, you can choose your own PIN.

• Accepting payments: accepting payments is very easy. You can either accept incoming funds by clicking on the link that is provided in the Good News e-mail FirstChoice Pay sends you after a payment is made to your account or you can simply log into your account, check your history and load funds onto you card.

• How to change your registered FirstChoice Pay account on SoulCams.com: if you already linked a FirstChoice Pay account linked to your SoulCams account but you would like to get your payout to an other one then please send us an email from your registered studio email address. We will reset your payment method and you will be able to link an other one under your studio / solo performer account.

You can read more about FirstChoice Pay at ?

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