Payment method

From Soulcams Wiki
Revision as of 14:17, 10 May 2018 by Feco (talk | contribs) (→‎PAYOUT METHODS ON SOULCAMS.COM)
Jump to navigation Jump to search

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 $50

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 and do the necessary changes and hit 'save' when you are finished

SENDER OF PAYMENT

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.

PAYOUT METHODS ON SOULCAMS.COM

EPAYMENTS.COM

Epayments-logo2.jpg

More about ePayments

  • ePayments is a professionally created payment platform that allows for fast, and secure payments while remaining cost-effective. It also functions as an electronic wallet, allowing you to make payments quickly and safely, but with minimal fees. In addition, it features a mobile app from which your e-Wallet and cards from anywhere in the world can be managed using only your mobile phone.
  • ePayments is registered in the United Kingdom and operates according to English law. In 2014 ePayments received an FCA licence (UK) which confirmed the reliability of epayments service and provided the legal right to issue electronic money. ePayments guarantees the safety of financial operations and the protection of confidential information.
  • Using ePayments makes it simple and easy to work with payments. The e-Wallet enables you to make payments and calculations, while the ePayments Prepaid MasterCard® allows you to pay for goods and services in stores as well as withdraw funds from ATMs.


Note: ePayments stopped issuing new cards temporarily as of 11 April, 2018. Dear Customers! We are reviewing ePayments card issuing terms. As such, we are suspending issuance of all new cards starting today (11.04.2018) at 3pm GMT. We will notify you as soon as the review has been successfully completed. Please note that all existing cards are working as usual. Please accept our apologies for the inconvenience.

How to receive your money via ePayments on SoulCams?

  • If you do not have an epayments account yet, you need to register one at https://www.epayments.com/ and provide us your e-wallet number.
  • Find your individual e-Wallet number at the top-left corner of your ePayments account.
  • You can give our e-Wallet number in your account at menu: Settings /Account/Payment settings (bottom of the page). Caution! Please pay special attention when putting your e-Wallet number. If you give a wrong account, your money will be lost if we send you a transfer.

ePayments fees

For the current e-Wallet and Mastercard fees, please check out ePayments' official site on the following links:

Payments and transfers

Receiving funds

TO E-WALLET:


TO THE EPAYMENTS CARD:


WIRE TRANSFER

Wire-transfer.jpg

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.


PAYPAL

Paypal-logo.png

More about PayPal

  • PayPal has become well-known as one of the first options that provided consumers the ability to send and receive money online. In addition to letting you send and receive cash, PayPal also offers credit and debit cards that you can use to access your Paypal balance for online payments and in-person purchases.
  • You can link your preferred credit, debit or prepaid cards or your bank account to your PayPal account and transfer money to any of those. PayPal accepts a range of cards including Visa / Visa Delta / Visa Electron; Mastercard / Eurocard; Maestro; American Express. Therefore, if your prepaid card has any of the following symbols on it, it can be linked to your PayPal account and transfer the money there.

How to receive my payments via PayPal from SoulCams?

If you want to use PayPal to receive money from us, you need to have a PayPal account and provide us the e-mail address associated with your PayPal. Please do it in your SoulCams account at 'Settings / Account/Payment settings' menu (at the bottom of ther page). If we send you a payment, you’ll receive an email notification. You’ll need to manually accept the first payment you receive. The payments received afterwards will be automatically accepted into your account.


FIRSTCHOICE PAY

Firstchoicepay logo.jpg

FirstChoicePay was a way to receive payouts on SoulCams.com. The service is now shut down meaning that we cannot send payouts to your FirstChoicePay account any more. The company says, "FirstChoice Pay is not receiving or processing any further payments, effective immediately." As a result, we ask you to please change your payment method with us so that we can process your future payouts. We offer several alternatives (please see them above).

Retrieved from "https://wiki.soulcams.com/index.php?title=Payment_method&oldid=4045"