OnlyFans and other adult business’s usually offer a few different payment methods. One of the most popular and most used in the industry is Paxum. It’s an online bank that offers a great service especially for people located in Australia.
You can read more about Paxum here > nichepornsites.com/review/paxum
How To Join Paxum?
Basically you just click the link and sign up. A personal account will be suitable for your needs. Don’t click the get a prepaid ATM card. The fees for one will be too much and you are far better just transferring from Paxum straight to your bank account.
What Fees Does Paxum Charge?
Each deposit into Paxum for example when you get paid from OnlyFans gets charged a 25c USD fee. Basically about 33c AUD. Then to withdraw your money you can do a EFT transfer. These are $5 USD about $7.50 AUD each withdrawal. You can withdraw as much as $1,500 USD so about $2,200 AUD each withdrawal. This fee equates to 0.33%. No matter what you do there will be fees and many other people that aren’t using Paxum are paying 3% or more!!!
Therefore you will be saving around 90%+ in bank fees and end up with a lot more money in your bank account. If you want to withdraw a lot more then $1,500 USD then you just do the process over and over again. Once you have made your transfer it’s usually in your Australian bank account within a business day or two at the most.
The other banking trick is they can skim you by charging insane exchange rates. This is the rate that they determine your $1,500 USD is worth $x,xxx in AUD. With Paxum these rates are very favorable and inline or better than most Australian banks. So you win there too 🙂
Complaints About Paxum
If you have ever heard of any complaints about Paxum they are often from third world countries where people’s banking systems just can’t handle their Paxum deposits.