In early 2018, webcam sites were at a standstill when the news hit that the second major payout company disappeared overnight leaving thousands of models without a payout method. In many cases, models had no backup method of payment or their site didn’t have another payout option that would work for them leaving no way of cashing out their money. This posed another setback, sites were scrambling to find a reliable, trustworthy company to payout their models that worked on a worldwide platform. Being in an adult, this isn’t easy. Most people want our money but aren’t willing to go to bat for us and offer their services to us hassle-free. I also know from seeing first hand that integrating a payout processor to cam sites isn’t like turning on a light switch, it takes work from both sides. This is where I must champion Paxum for stepping to the plate. They got blindsided with this whole issue that left a huge portion of our industry stranded without any instant solutions. They worked tirelessly helping sites integrate their platform as fast as they safely could. Imagine, thousands of and thousands of models across the Internet all needed to get paid and they all signed up for a Paxum account at the same time. It must have been a nightmare in that office. They even hired more staff to help them process the thousands of new accounts that were coming in on a daily basis.

If that wasn’t enough, Paxum had been planning to discontinue personal accounts for US residents. Chris Youngs, of Paxum.com, explains “The reason for this change is simple. Personal U.S.-based accounts represented a small percentage of Paxum’s business and revenue. At the same time, it was consuming a good share of the company’s resources which would even grow in the future.” So on top of everything, Paxum was making a big change already putting further strain on their customer support team (which I’m certain is mostly comprised of saints and angels). I can’t speak to any details, but I can say that while I was at CAM4 head office, I saw all of this unfolding and the hard work and dedication of Paxum and their team to find solutions for models, right up to the CEO. So, if your site has Paxum as a payment method I recommend you try it. They offer competitive fees, multiple options for receiving your money, and a prepaid Mastercard to access your funds.

For American models wishing to use Paxum: You do need a business account to use Paxum to cash out your funds. Don’t let this scare you away from using Paxum as your payment method for your camming funds. Simply set your self up as an LLC in order to qualify for a business account.

Benefits of becoming an LLC as a cam model: 

1.Limited personal liability

An LLC limits this personal liability because an LLC is legally separate from its owners.

2. Less paperwork

LLCs don’t have to hold annual meetings and usually are not required to keep extensive records. In many states, LLCs do not need to file annual reports

3.Tax Advantages

LLC’s income and expenses pass through to the owners’ personal tax returns, and the owners pay personal income tax on any profits.

4. Flexibility 

An LLC’s owners have more choices about the way they run the business, distribute profits between owners, and make decisions.

To set up your LLC quickly and painlessly online I recommend​​ Rocket Lawyer​.