Quote:
Originally Posted by ChanceIt
So I am trying to figure out a few last things before I setup a cam site. Or do some billing companies offer the ability to pay the models from in their accounts? I am thinking there are going to be a lot of accounting/tax issues if I have to collect the money and pay them out as contractors or employees.
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Except accounting/tax, have you considered this: you need a reserve in payoneer, paxum, (and others) always big enough for the varying payout requests on payout dates; ex: studio you pay $10k a period on bank wire, will switch on surprise to payoneer and you need to have 10k more than forecasted in payoneer instantly - if you based payoneer reserves on previous period and added just 2k extra reserve, you're short 8k; to fund payoneer with wire it takes time before you can payout this, and studio will write in all romanian and/or russian boards that your site is late or problematic payments etc.; this may be true with affiliates too, but, normally affilaites is 10% what you pay to models.
I can give you a couple of companies who can pay models for you, use email in contact page of site in my signature.