Streamate/wire transfer/ living with parents?
I'm very new in the camming business, and I have A LOT of questions. I've been in the process of signing up with streamate, and since I live with my parents, I want to do a wire transfer to my bank account so they don't see the checks I receive, and because I don't feel comfortable with the payoneer option. Is this a good idea? Is it safe to provide all the information they ask? (SSN, bank account info, etc.) ? Is the $40 charge a one-time fee, or per-deposit?
Any tips on working with streamate?
Also, since I live with my parents and I feel that they won't approve by any means, what are some tips to camming with living with other people and not having them know? Ideas for how I'm obtaining the extra money?
If I start camming now, (now as within the next months(s) or so) when will i recieve tax forms for it? will it be this year or next?
Any help is appreciated!
Also, I beg you, if you're going to be in any way hostile or say anything about how I shouldn't be camming while living with my parents/trying to hide it/etc. please don't bother replying. I'm looking for serious advice in response to my questions, that's all.
Re: Streamate/wire transfer/ living with parents?
Hi there
Payoneer is the best option for you, it is very safe i use it with streamate and MFC and the transaction fee is 2.99 dollars everytime the transfer takes place. I would recommend Payoneer as the best way of getting paid straight into your bank account.
Re: Streamate/wire transfer/ living with parents?
^ I agree. Payoneer with direct deposit is the safest and cheapest route. The wire transfer takes $40 out of every check.
Re: Streamate/wire transfer/ living with parents?
I agree about Payoneer. I use the card (which gets sent to your house) but a lot of girls use the direct deposit option and love it. I think I've even read that you don't even need a physical card to get direct deposit. I believe the wire fee is every time you get paid... $40 a week just to get your money is huge chunk of your money. I get the feeling that most girls who go with a wire transfer live in areas where the other options aren't available.
I would hide the extra money as much as possible. If they don't see you going to work every day they're not going to believe a full-time salary. I would sign up for a vanilla online job (there's a thread on here called "I don't think camming is working out for me" that it has a ton of suggestions) and work a bit on there to get a feel for it and tell your parents that you're working there. But make sure to keep your visible income low enough for it to be believable! Also if I was living at home I wouldn't risk using audio. Living with roommates I just put on some music and talked quietly but that was more of an "avoiding awkwardness" situation than an "avoiding homelessness" situation.
SM sends out 1099s at the beginning of the year, so you're good until January.
Re: Streamate/wire transfer/ living with parents?
We do a daily pay program with direct deposit if you think that would help any. We also have a very generic name for the 1099's issued at the end of the year, and can work with you in establishing a "cover".
If your parents claim you on their taxes as a dependent, there may be some additional complications. Basically, you're going to need a cover story regardless about your reported income unless they or their accountant is friendly with it. With the issue of 1099's, the IRS will come looking for that money if its not filed for by anyone.
Re: Streamate/wire transfer/ living with parents?
This isn't meant to be hostile so I hope you won't take it that way...
Serious advice about camming, related to your question, is this - if you are living with your parents, they are almost definitely claiming you on their taxes, therefore there is no way to get around them not knowing that you cam. You could run in to some serious complications and repercussions as far as your parents taxes go. There are many, many threads on here related to this topic - it gets asked all the time.
If you start camming now you will receive a 1099 from Streamate around February 2015.
Even if you sign up with someone who will issue you a 1099, such as Katy's studio she mentioned above, your parents are still very likely to question your income and how you are making the kind of money that camming could potentially make you. Also, they will have to claim it on THEIR taxes, and pay taxes on it. Self employment taxes are quite high, and this could severely diminish the tax return your parents might rely on each year.
I know this isn't what you want to hear, but it's the reality of the decision to start to cam. If you choose to just ignore very good advice about this, you could potentially put you and your parents into a lot of "hot water" where the IRS is concerned.
If you do decide to cam and try to keep it from your parents, good luck. At the very, very least save at least 30% of every single check your receive ($30 for every $100 you make) to give to your parents at the end of the year, in order to pay your taxes so your parents aren't stuck with a potentially huge tax bill next filing season.
Re: Streamate/wire transfer/ living with parents?
Quote:
Originally Posted by
SarahTime
This isn't meant to be hostile so I hope you won't take it that way...
Serious advice about camming, related to your question, is this - if you are living with your parents, they are almost definitely claiming you on their taxes, therefore there is no way to get around them not knowing that you cam. You could run in to some serious complications and repercussions as far as your parents taxes go. There are many, many threads on here related to this topic - it gets asked all the time...........
not hostile, really helpful actually. I already have to pay taxes for the part-time job that I have, and the past two years my parents have not claimed me as a dependent, so hopefully it stays that way. thank you, a lot!!!!
Re: Streamate/wire transfer/ living with parents?
Quote:
Originally Posted by
annielefay
not hostile, really helpful actually. I already have to pay taxes for the part-time job that I have, and the past two years my parents have not claimed me as a dependent, so hopefully it stays that way. thank you, a lot!!!!
Oh well that's great then! You shouldn't have any issues tax wise, which is usually the biggest problem when living with parents.
Sounds like you're good to go!
I forgot to mention Payoneer - I would really suggest the payoneer option if you have a bank account. They can transfer your money to your bank weekly for only $3, where as the wire transfer is $40 and is basically the same thing except it costs a lot more. Payoneer is really safe and secure, no worries with them. Also an added benefit is that the deposit shows "Payoneer" as the name instead of "Streamate" so no one will know by looking at your deposit record who the company was that paid you. It simply looks like you got paid from payoneer.
Re: Streamate/wire transfer/ living with parents?
I use payoneer. LOVE IT. I use direct deposit via bank .. I DO NOT use the payoneer card. The card has international fees.
it only takes 3.00 from your paycheck , it is reliable. They will deposit into savings if you don't have a checking account.
get with NISSIM on here, he is BLUE so he cant post in camming connection. Here is his thread and I would suggest messaging him. he is very helpful and very fast. I landed you on the last page but read through it and you will see how professional he is and helpful
Re: Streamate/wire transfer/ living with parents?
I would recommend really starting to try and save so that you can be out of the house and claim your own taxes next year.
Another idea for excuses of how you are coming up with money. Tell them you work for a company called "Break Media" based in Los Angeles. Basically tell them there are article assignments that you write and sell content rights for them. Tell them you get paid $9 per approved article. This is really legitimate so if they decide to be super nosy and find out if all this is accurate, it really is!!
Re: Streamate/wire transfer/ living with parents?
Quote:
Originally Posted by
SarahTime
I forgot to mention Payoneer - I would really suggest the payoneer option if you have a bank account. They can transfer your money to your bank weekly for only $3, where as the wire transfer is $40 and is basically the same thing except it costs a lot more. Payoneer is really safe and secure, no worries with them. Also an added benefit is that the deposit shows "Payoneer" as the name instead of "Streamate" so no one will know by looking at your deposit record who the company was that paid you. It simply looks like you got paid from payoneer.
Sorry for necroposting - but which payment option it is? Do I opt in for it when registering with SM or set it up in my Payoneer account? I need a way to discreetly transfer the camming earnings to my local bank account.
Re: Streamate/wire transfer/ living with parents?
If your parents are claiming you, either don't do it or move out then tell them and file your own taxes. If they don't claim you on their taxes, then get a ups/po box for 1099s or checks. Or do direct deposit if you have your own bank account.