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

PAYOUT DATES

If your earning reaches the minimum payout limit in any given period, your payment will be sent within 8 working days after the period end.

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 change your payment settings then do the followings:

1. log into your studio or solo performer account.
2. click on the menu: Settings / Account and 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.

Note: if you already linked a FirstChoicePay account to us but you would like to change it to an other one, always contact us first as we need to reset your payment method before you add your new one.

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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PAYOUT 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 and limits:

Virtual Account

• to FirstChoice Pay MasterCard card
  • Withdrawing money from an ATM costs $2.75
  • Declined withdrawal and balance inquiry costs $1.00
  • Monthly account maintenance fee: $2.00.
  • When accepting funds from SoulCams: expedite load that costs $3.00
  • Your debit MasterCard® card will be issued by Choice bank and have the following limits:
    • Daily ATM withdrawal limit: $5,000
    • Daily spending limit: $5,000

• 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.

Read more about First Choice Pay on the official website or get help from their customer support.

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WIRE TRANSFER

If you prefer to get paid through wire transfers instead of FirstChoicePay, we offer wire (bank) transfer as a payment option. Bank transfer costs may vary for every bank. As the account holder, you are responsible for paying the banking fees. Please consult your bank on these fees and charges. All transfers are sent from our business account in Germany.

Note: we are sending payments in USD. To avoid your bank making an extra deduction, we advise you to have a bank account in US dollars.

Wire transfers usually take 3-5 business days depending on your location.

To send your wire transfer payment, please make sure to fill out the following bank account details:

• Payee name: the person to whom money is being paid. This is the 'account holder' or 'beneficiary'. Please enter only unaccented alphabetical letters here (A–Z or a–z.). The 'Payeee name' must be exactly the same as the owner of the bank account. Add the name of the Account Holder right, do not shorten the name in any way (e.g. If the Account holder is: Kate Smith Birmingham than add this name exactly and DO NOT shorten it like Kate S. Birmingham or K. Smith Birmingham, ...)

• Account number: this row of numbers identifies your individual account.

• IBAN: = International Bank Account Number. Almost all banks in Europe provide an IBAN identifier for their accounts as well as nationally recognised identifiers. Contained within the IBAN is information about the receiving country, bank, branch and account number. The IBAN is up to 34 characters long and includes numbers and letters. To be sure that you add your IBAN properly, you can check it first on this site: Check IBAN / show more information. The following page also might be useful if you are not sure about your IBAN format: IBAN formats by country

• SWIFT/BIC code: = Society for Worldwide Interbank Financial Telecommunication). These codes are used when transferring money between banks, particularly for international wire transfers between banks.

The SWIFT code is 8 or 11 characters and consits of numbers and letters (to check what type of characters a SWIFT code contains and to read more about SWIFT code click here). The SWIFT code can sometimes be found on account statements, if not then please call your bank and ask the SWIFT code from them (sometimes SWIFT code is called as BIC code = Bank Identifier Code too). The following page might be useful to find out your bank's SWIFT/BIC code if you are not sure about that: online BIC/SWIFT code finder

• ABA/Routing number: (ABA = American Banking Association) Those who have their bank account outside the USA, the ABA / Routing number is not needed (in this case leave this field empty). The ABA routing number is a 9–digit number assigned to financial institutions by The American Bankers Association (ABA) to identify the financial institution upon which a payment was drawn.