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Thread: Streamate Payee info (Wire Transfer) set up

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    Default Streamate Payee info (Wire Transfer) set up

    Hi, I just signed up with streamate and I will be using Wire Transfer payment (NON US-CAN), so I have some questions.
    Because my country bank accounts can't be used, I got a French bank account from my friend, she gave me all documents cards and stuff, so in Account Holder I wrote her name, but in Payee Name should I use my name, or her name?

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    Default Re: Streamate Payee info (Wire Transfer) set up

    Payee name should be the name on the bank account, eg her name.

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    Default Re: Streamate Payee info (Wire Transfer) set up

    thanks, and on the account number I wrote the IBAN(international bank account number). Is that how it should be?

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    Default Re: Streamate Payee info (Wire Transfer) set up

    Quote Originally Posted by iwantbucks View Post
    thanks, and on the account number I wrote the IBAN(international bank account number). Is that how it should be?
    Yip, account number = IBAN.

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    Default Re: Streamate Payee info (Wire Transfer) set up

    Quote Originally Posted by iwantbucks View Post
    Hi, I just signed up with streamate and I will be using Wire Transfer payment (NON US-CAN), so I have some questions.
    Because my country bank accounts can't be used, I got a French bank account from my friend, she gave me all documents cards and stuff, so in Account Holder I wrote her name, but in Payee Name should I use my name, or her name?
    ...Wouldn't that make her highly likely to get audited? By you using a bank account solely in her name? And especially if payments are in her name?

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    Default Re: Streamate Payee info (Wire Transfer) set up

    this has all sorts of risk factors involved, from 'money laundering' to a huge risk of income tax problems for your friend in whose name your SM earnings are being paid out ! On the other hand, guys from France who also occasionally vacation down here south of the border tell me that in France tax evasion is an 'art form' !

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    Default Re: Streamate Payee info (Wire Transfer) set up

    Yeah, I'd be very careful with that. I don't mess around with my money, and while you may feel you don't have any other option, it could cause some problems between you an your friend. The first thing I thought of was taxes, and how your earnings means your friend is likely going to have to pay more in taxes. I'm not sure how it works in France, but just be careful, this kind of situation has the potential to get very sticky.

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    Default Re: Streamate Payee info (Wire Transfer) set up

    But I don't think she will have to pay taxes. Because she doesn't live in France, she lives in the same country as me, she just has a bank account there.

    And I think if your money comes in bank account in some foreign country, and you live in your home country, you shouldn't pay taxes in the foreign country. Am I right or wrong?

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    Default Re: Streamate Payee info (Wire Transfer) set up

    In general, any profit you make should have taxes paid on it, doesnt matter where it came from. You dont pay tax twice on the same money though, only you have to pay it.

    Using someone else's bank account is quite common in this industry, eg boyfriends account, mothers/fathers account. If your paying taxes on it I dont think they will mind too much, and if it escalates then you'll get told to stop it most likely.

    Also be careful of money laundering laws.

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    Default Re: Streamate Payee info (Wire Transfer) set up

    Forgot to ask, what country are you from? Sm are able to pay into nearly all countries.

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    Default Re: Streamate Payee info (Wire Transfer) set up

    Serbia, the country is in the sm list, but it's very complicated for someone to send you money from another country I asked the bank associate to give me my IBAN, he didn't even know that there was such a thing.... Btw how much should I wait till I get approved on SM, I applied (sent all documents) on 24th , 3 days ago ?

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    Default Re: Streamate Payee info (Wire Transfer) set up

    They usually apply quicker than that, wait a few days and send them an email or contact Vanessa on here.

    I would maybe go to the hassle of finding your IBAN (usually on your statements) to setup correctly on sm.

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    Veteran Member Cristalla's Avatar
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    Default Re: Streamate Payee info (Wire Transfer) set up

    sm allows a performer to get paid on someone else's name / account?

    wow.

    On MFC they have to be the same person - account holder and ID

    ( or at least seemed so when I signed up)

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    Sad Re: Streamate Payee info (Wire Transfer) set up

    Hi everyone, I'm a new camgirl on SM and in need of some help! I signed up with Payoneer and chose Payoneer as my preferred payment method as I'm currently in UK as a U.S citizen. I signed up for prepaid Mastercard on Payoneer and it was approved, but on the SM accounting payee page, it tells me my payments are on hold due to Payoneer account pending approval. I'm very confused about whats going on and was wondering if anyone here has experienced similar and can shed some light on the situation? I'm not sure whats going on....lol. I'm worried about receiving my money.

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