Payments Lesson

Overview-
How you take payments is an important element of managing an OF account. You need to
think about this psychologically from their perspective, if they receive lets say a 10k payout
into their account and they have to send you 5k it is going to feel like they are losing 5k,
whereas if you received the full 10k then sent them 5k they will be much happier as in their
eyes they aren't perceiving losing any money. Hopefully you can see the psychology of why
this is an important factor to consider. The following is how you can set up the payments so
you have full access but in a way the model perceives they have equal access to the
account. This is the exact method we use for all of our models, we recommend only doing
this if it is a model who is making over £2k monthly as it is quite a process to go through and
the drop off rates of models who are making less than this may be quite high, plus you will
need a new phone number for each time so make sure its , worth it. In the case your model
is making less just send invoices and once you have grown them to over 2k monthly then set
it up.

WISE
You will be creating an international bank account using Wise, the money from OnlyFans will
transfer directly into this Wise account where you can transfer out the %s to your models
and your account. Wise is an exceptional and easy to use banking system and it is very easy
to link it directly to your models OF account.

Account Set Up-

You are going to set up a PERSONAL Wise account, I repeat, PERSONAL ACCOUNT

You will set the account up using a new email you have created on mail.com for example
‘modelnameoura@mail.com’

Use this along with your phone number to set the Wise account up, make a note of the
password. You’ll need to know the models address.

Once the account has been created to get the account details you will need to verify the ID
which the model will need to do. Give her the login details, when she tries to login you will
have to send the verification number that comes through via text.

The model can then go ahead and verify the account.

Now head over to OF and implement the new account details into the banking section, the
model will need to verify this her end and then you are good to go.

Summary- By having an account you can both log into it is a friendlier experience all round
and gives the model more confidence in you, also the psychological difference of you send
her the money not her sending you. The model cannot transfer any money out without the
verification text that comes through to your phone so it is a very safe option in terms of
ensuring there are no payment issues.
Objections-
There is potential for objections with the model say not wanting to change her banking
details, try to explain it is a more professional way of doing it and that you do it with all of
your larger models. If she is going to take issue with it in a big way and not sign the contract
then you can just invoice using an app like stripe although this is far from ideal.