Understanding Fansly's Payment System: A Comprehensive Guide (2024)

Fansly has quickly become one of the top platforms for creators to monetize their content. As an alternative to OnlyFans, Fansly empowers creators by allowing them to set monthly subscription tiers, create pay-per-view posts, receive tips, and more. Most importantly, Fansly aims to put creators first by offering higher payouts than competitors.

But how do Fansly payments actually work? When can you withdraw your earnings, and what payout methods are available? This article will provide a detailed overview of everything you need to know about getting paid on Fansly.

The Fansly payment system operates on a weekly schedule. Charges to your subscribers go into a pending status for 7 days before being released to your account’s earning balance. This holding period helps protect against disputes and chargebacks.

Once earnings are released from pending, you can request a payout. Fansly pays out earnings every Tuesday and Friday. So, if you request a payout on Monday, you will receive your payment on Friday. Or if requested Wednesday, it would pay out the following Tuesday.

Fansly takes a20% platform fee, so you receive 80% of your earningsdirectly. There are no other hidden fees or charges to withdraw your money.

Fansly aims to provide creators with flexible payout methods to access their hard-earned money. Currently available options include:

• Direct deposit (US/UK/EU/CA/AU bank accounts)
• PayPal
• Paxum
• Verge
• Skrill
• International Wire Transfer

The most popular choice is direct deposit to a bank account. It offers the highest limits with no maximum payout restrictions. PayPal and other e-wallets also work well for quicker access to money but have lower maximums in place.

Fansly is working to expand payment options further, with the goal of providing the most payment choices in the industry. Crypto payouts are on the roadmap.

Fansly wants to ensure creators get paid reliably and on time. So, they have put certain payout rules and restrictions in place:

• Earnings remain pending for 7 days before they are available to withdraw
• $5 minimum per payout request
• $100 weekly maximum for e-wallets like PayPal
• Higher limits for direct deposit and wire transfers
• 1-3 days to approve payout requests
• Only verified accounts can withdraw money

By managing payouts responsibly, Fansly can maintain enough cash flow to pay creators on time. The holding period also safeguards against disputes and chargebacks.

Adding a payout method is simple within your Fansly account dashboard:

1. Click on your profile picture
2. Select “Payment Setup”
3. Choose “Add Payout Method”
4. Select from available options like bank account, PayPal, etc.
5. Enter required info like account details
6. Verify the account

Once set up, this payout method will be available to choose when making a withdrawal.

Requesting a payout is easy once earnings are available in your Fansly wallet. Just follow these steps:

1. Click the wallet icon on your Fansly dashboard
2. Check available earning balance
3. Select “Request Payout”
4. Choose your payout method
5. Enter the amount to withdraw
6. Confirm request

Fansly will process the request within 1-3 days in most cases. Then, your earnings will be sent via your selected payout method.

It’s possible to request a payout as low as $20. Just keep in mind the 20% platform fee.

Like OnlyFans, Fansly works on a 7-day pending period before earnings can be withdrawn. When a subscriber signs up or tips, their payment goes into pending status. This hold lasts for exactly 1 week.

Once the pending clears, the funds move to your available earning balance. This is the money you can request to cash out.

The reason for the 7-day hold is to allow time for payment processors to detect any potential issues with transactions. That includes insufficient funds, expired cards, fraud disputes, and chargebacks.

Once you have requested a payout, how long does it take to receive your earnings? Processing times can vary depending on the payment method:

• E-Wallets: Instant payout once approved. Usually, 1-3 days approval.
• Direct Deposit: 3-5 business days after payout approval.
• International Wire: 5-7 business days.

So, if using PayPal, you could expect to see payments within 4-6 days of requesting. Bank account transfers may take 6-8 days in total.

Longer durations are due to processing on the banking or method side. But Fansly processes approvals quite quickly, typically 1-3 days.

Wondering about the status of your Fansly payout request? You can easily check within your account dashboard:

1. Click wallet icon
2. Select “Transaction History”
3. Locate your payout request
4. Check status such as “Pending Review” or “Paid Out”

The timeline will show pending, approved, processed, and completed status changes. So you can see where your payout stands.

If it has been longer than expected without a status change, you may need to contact Fansly support for assistance.

Don’t panic if an expected Fansly payment doesn’t arrive as anticipated. This can happen occasionally due to delays with the payout method itself. Some potential reasons include:

• Bank transfer delays
• PayPal payment review
• Incorrect account details
• Payout method verification issue

The first step is to check your Fansly transaction history and confirm the payout status. If it shows completed on Fansly’s end, then the error likely lies with the payout company.

If the payment continues to be missing or the status is unclear, reach out to Fansly support right away. Their team can investigate why the payment didn’t arrive successfully.

Getting creator payouts right is crucial for any platform looking to compete in 2023. Fansly comes prepared with the goal of maximizing earnings for models through higher payouts.

Meanwhile, the company aims to expand options for fast, flexible access to subscriber payments. Over time, the availability of payout methods will increase globally. Crypto and international currencies are on the roadmap as well.

So whether you need to pay bills or grow your biz with earnings, Fansly builds tools to empower creator success.