Business What is the best payment process in my case ?

[JohnRabbit]

Hello,

I want to run a paying member area on my adult site.
The traffic is worldwide (US & Europe). My company is based in Europe and I have a VAT number.
So for european customers I have to collect VAT and reverse it to the country of the customer.
For US customers I don't have anything to do.

1) I was thinking about opening a Onlyfans account. My members have to register to my onlyfans => they can access to the member area of my site.
The good point of Onlyfans is that they collect and reverse VAT themselves. So I will only have 1 line for my accountant every month.
The bad point, Onlyfans dont have any api, so it will be hard to handle who subscribe and for which duration my members subscribe... Also its not perfectly made for website content.
I dont care about the 20% commission they do all the VAT stuff so for me it's perfect.

Patreon is doing the same, but they dont accept adult content.

2) Im watching Verotel, CCBill, Probiller... They dont provide any information for VAT for european customers.
So I just have to bill the final amount including VAT on their payment process. And handle myself the VAT with my accountant

3) Maybe another service like OF or Patreon doing payment process + vat redistribution for european customers in the same time exist ?

Thank you !

[NatalieK]

you should be paying VAT direct from your bank if you´re in the EU, you need an accountant.

No company pays your VAT, you receive payment from OF & then you have to pay VAT on your earning, if you´re creating your own content

[pornlaw]

Originally Posted by JohnRabbit

For US customers I don't have anything to do.

Also, not true. Certain states now charge sales tax on downloads. But it is on a state by state basis.

https://www.salestaxhandbook.com/

[nikki99]

welcome to GFY

[JohnRabbit]

Originally Posted by NatalieK

you should be paying VAT direct from your bank if you´re in the EU, you need an accountant.

No company pays your VAT, you receive payment from OF & then you have to pay VAT on your earning, if you´re creating your own content

Hello Natalie

I am a company in EU with an accountant.

Onlyfans is collecting VAT directly when a fan subscribe to your account and Onlyfans pay it to the relevant tax authorities.
Source : onlyfans*com/help/3/120/129
So with OF you dont have to handle VAT from your fan's payments. This is what I am looking for because It take less time, less process, less accountant fees.

It's perfect, because you just have 1 payment from Onlyfans when you cash out. It's only 1 line.
And not thousands of payments from your fan's to handle with the VAT to pass it to their own countries.

Originally Posted by pornlaw

Also, not true. Certain states now charge sales tax on downloads. But it is on a state by state basis.

Right, thank you.

@nikki99 thank you