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Thread: switching from a regular model acct on streamate to daily pay, a couple quick ?'s

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    Default Re: switching from a regular model acct on streamate to daily pay, a couple quick ?'s

    so streamate has my new account up and running but i dont want to start camming without having my daily pay sorted out. i got an email stating to fill out my payment details but it didn't ask for my bank account numbers or anything they were just simple questions which i did fill out. am i waiting for another email or do i have to do something else.

    also! just randomness, before i kept all my check stubs from sm but now since im on daily pay is there no paper record anymore? i keep all my stubs in a folder for tax records and such but now daily pay will be just direct deposited into my account.

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    Default Re: switching from a regular model acct on streamate to daily pay, a couple quick ?'s

    Quote Originally Posted by Yuna View Post

    also! just randomness, before i kept all my check stubs from sm but now since im on daily pay is there no paper record anymore? i keep all my stubs in a folder for tax records and such but now daily pay will be just direct deposited into my account.

    just print your bank statements monthly and highlight the deposits to your bank account from DP.

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    Default Re: switching from a regular model acct on streamate to daily pay, a couple quick ?'s

    um i just read this, on pjs site she directed me to in her faqs:

    Streamate 5% (30% your cut instead of 35%) (Normal delay 1-3 weeks average,

    depending on country)

    so i wont get my first daily pay after the first day i work??? im in the usa, i really hope i dont have to wait 3 weeks, i have bills due on the 20th im screwed if i have to wait over 1 week! thats why i signed up for daily pay, for the daily??!!

    im freaking out now.

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    Featured Member Charlotteslut's Avatar
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    Default Re: switching from a regular model acct on streamate to daily pay, a couple quick ?'s

    Once my account was approved, my payments came in the next day...meaning payoneer (which processes the payments) has sent the money to your bank. But for you to actually get it in your bank can take like 3 business days.

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    Default Re: switching from a regular model acct on streamate to daily pay, a couple quick ?'s

    Quote Originally Posted by crispy View Post

    Streamate 5% (30% your cut instead of 35%) (Normal delay 1-3 weeks average,

    depending on country)

    so i wont get my first daily pay after the first day i work??? im in the usa, i really hope i dont have to wait 3 weeks, i have bills due on the 20th im screwed if i have to wait over 1 week! thats why i signed up for daily pay, for the daily??!!

    im freaking out now.
    You will get, the normal delay, is the normal delay for streamate itself. With Jenny, you get paid daily, but with streamate directly, you would have to wait 1-3 weeks depending on the country you live in.

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    Default Re: switching from a regular model acct on streamate to daily pay, a couple quick ?'s

    same here, i need the money ASAP and have been trying to finish all the registration this week. this is the link of the last email i got http://adultworkwebcammers.co.uk/joo...cid=9&Itemid=8 . I got the ach directdeposit but as u can see it only asks for basics but not the bank account numbers and stuff. someone please help and tell me what is going on. am i just waiting to hear back from them again with another email? I was hoping to start working today

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    Default Re: switching from a regular model acct on streamate to daily pay, a couple quick ?'s

    Simply wondering, when will registration for MFC DP be open again? How is the availability/status decided?

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    Featured Member Charlotteslut's Avatar
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    Default Re: switching from a regular model acct on streamate to daily pay, a couple quick ?'s

    Quote Originally Posted by Yuna View Post
    same here, i need the money ASAP and have been trying to finish all the registration this week. this is the link of the last email i got http://adultworkwebcammers.co.uk/joo...cid=9&Itemid=8 . I got the ach directdeposit but as u can see it only asks for basics but not the bank account numbers and stuff. someone please help and tell me what is going on. am i just waiting to hear back from them again with another email? I was hoping to start working today
    Daily pay will send you a link to sign up on payoneer, which processes the payments. On payoneer, you will enter your bank details, etc.

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    Default Re: switching from a regular model acct on streamate to daily pay, a couple quick ?'s

    Ohh okie so I still have to sign up for payoneer? I was trying to avoid using payoneer or alert pay I just wanted a straight up direct deposit to my bank I'm not good with cards with all those fees

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    Default Re: switching from a regular model acct on streamate to daily pay, a couple quick ?'s

    Just remember, you're losing more than 5%. That's 5% off of the total amount your bringing in before SM takes their cut. So you're actually losing about 15% of your earnings--what you would have made for working the same amount were you not on DP. We're already giving SM such a big chunk, 15% of your earnings should make you take pause for a least a moment.

    That said, I still think it's an awesome option. And PrincessJenny is beyond helpful. If you need extra motivation or you're having some financial difficulties. Or if you're just starting out in camming and/or still living paycheck to paycheck. I just don't think it's wise to do it long term. Eventually, you should want to be able to make it work just getting a paycheck every week and not give a cut to anyone you don't have to.

    It just sucks that you have to open and close your account even time you want to switch. I would have probably been on DP a long time ago if I wasn't so afraid of closing my account and having to start over again in terms of placement. I just created a SM couple's account on DP and I'm excited to try it out. Hopefully that can be the best of both worlds---quick money when I need it, all of my money when I can wait a bit.
    "If I can't dance, I don't want to be part of your revolution." ~ Emma Goldman

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    Default Re: switching from a regular model acct on streamate to daily pay, a couple quick ?'s

    The fees are less than payoneer, you pay 3$ only if you are in the USA. If you are international, it's 5.95. But you don't pay this if you make 200 in one pay period (one day). Payoneer will still take out the 3$ fee, but DP will add 3$ to whatever you made if it's 200 or over.

    I believe this is cheaper than the regular SM payoneer fee. Personally, it's worth it to me because my other options are expensive/time consuming.

    The cheapest option would be for me to just wait a couple weeks to receive a check, but for many reasons I don't want to do this.

    ETA: Yuna, it is a direct deposit to your bank. Payoneer is only there to process the payments. You don't have to mess around with those Payoneer cards.

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    Default Re: switching from a regular model acct on streamate to daily pay, a couple quick ?'s

    @blake sounds like a lot of people dont like the daily pay service, i was under the impression that most girls prefered it. and what is this about SM taking their cut? cut of what i thought its just taking me down to 30 percent instead of 35??

    im still doing indie shows on skype and yahoo so i have some money coming in that 100 percent

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    Default Re: switching from a regular model acct on streamate to daily pay, a couple quick ?'s

    Thanks u guys very helpful! Yes I see why some people would rather just wait a little bit longer to get more of their money but as of right now I'm in a tight money crunch so daily will deff motivate me when I see my results next day. Before if I made past the 200 mark and knew my check was coming in next Friday I would slack
    Off all week or rush to meet Saturdays deadline or alas 2 weeks with no income. So I'm going to try this out and thanks for explaining the payoneer Charlotte! I was panicky like no! Not cards with those ridiculous fees! ( use to have those types for payroll and those little fees add up!) but that makes much more sense.

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    Default Re: switching from a regular model acct on streamate to daily pay, a couple quick ?'s

    I don't dislike Daily Pay, I just think it has it's place. I don't think it's something that I would want to do for the rest of my camming career. I'd rather get as much money as I can and just learn to budget better. It's absolutely a life saver for girls located in Eastern Europe that would be forced to accept a 20% payout and deal with sleazy studios.

    I just think it's important to point out that you're giving up more than just 5% of your earnings because that's how I thought it worked at first. I thought if I made $100, I'd just be giving up $5 which would be cheaper than the amount I pay for FedEx. But for every $100 I earn, I'll be giving up ~$15 to DP. That adds up a little faster.

    When I referred to SM's cut, I meant the 65% they normally take. You give DP 5% off the total amount you're bringing in (so $3.99/min or whatever your rates are set). So it's not actually 5% of your earnings, it's more like 15% because DP takes the 5% off your total, not your take. I suck at math so I'm even worse at explaining it--I hope that made sense.

    I just want to restate that I think PrincessJenny is awesome and that daily pay can really be a life saver/game changer for some girls. I just opened a couple's account with DP and I'd probably have my solo account on DP if I wasn't afraid of opening a new account. But I think it's important to do the math and figure out just how much your giving up to get your money quicker. SM takes a big enough cut (they're 65%) that we should think really hard about giving up any more money if it isn't totally necessary. And for some people, DP may be totally necessary.
    "If I can't dance, I don't want to be part of your revolution." ~ Emma Goldman

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    Default Re: switching from a regular model acct on streamate to daily pay, a couple quick ?'s

    Don't get me wrong, but it is so simple. If someone spends 100 on you, with regular SM account you get 35 of it, with PJ you get 30. At least this is what I see on my earnings tab. Exactly.

    I think it is unnecessary to bring in different math formulas, making the whole stuff confusing and scaring. We know that we give up 5% of the total spent on us, its just shorter and easier to say extra 5% taken from our earnings than starting these long math related descriptions.

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    Default Re: switching from a regular model acct on streamate to daily pay, a couple quick ?'s

    Quote Originally Posted by Yuna View Post
    Ohh okie so I still have to sign up for payoneer? I was trying to avoid using payoneer or alert pay I just wanted a straight up direct deposit to my bank I'm not good with cards with all those fees
    As mentioned, no card is needed, we use Payoneer as a processor to send the USD payments.

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    Default Re: switching from a regular model acct on streamate to daily pay, a couple quick ?'s

    Quote Originally Posted by BlakeDahlia View Post
    Just remember, you're losing more than 5%. That's 5% off of the total amount your bringing in before SM takes their cut. So you're actually losing about 15% of your earnings--what you would have made for working the same amount were you not on DP. We're already giving SM such a big chunk, 15% of your earnings should make you take pause for a least a moment.

    That said, I still think it's an awesome option. And PrincessJenny is beyond helpful. If you need extra motivation or you're having some financial difficulties. Or if you're just starting out in camming and/or still living paycheck to paycheck. I just don't think it's wise to do it long term. Eventually, you should want to be able to make it work just getting a paycheck every week and not give a cut to anyone you don't have to.

    It just sucks that you have to open and close your account even time you want to switch. I would have probably been on DP a long time ago if I wasn't so afraid of closing my account and having to start over again in terms of placement. I just created a SM couple's account on DP and I'm excited to try it out. Hopefully that can be the best of both worlds---quick money when I need it, all of my money when I can wait a bit.
    Just to add, for the 5% (35%-5%=30% / 100%-15%=85%) you get a few extra benefits than faster pay, another major benefit is no $40 per transfer fee, just the small $3 per transfer fee and if you earn enough this is paid by us also making it free for you.

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    Default Re: switching from a regular model acct on streamate to daily pay, a couple quick ?'s

    Quote Originally Posted by crispy View Post
    @blake sounds like a lot of people dont like the daily pay service, i was under the impression that most girls prefered it. and what is this about SM taking their cut? cut of what i thought its just taking me down to 30 percent instead of 35??
    It does take you from 35% to 30%, going into the maths abit more as above can confuse things and give a somewhat inaccurate view of things if you dont understand business/maths a fair bit. There have been long conversations about how to show the numbers and showing them as a net profit as above isnt the normal way, no other company does this.

    An example that is correct but shown "wrongly" is that Stremate at minimum payout for wire transfer take a further 20% of your earnings for payout each week. While this example is indeed 100% correct if you dont understand how it works you may think its worse than it is. Streamate could come back and say its actually only 6%~ and they too would be correct.

    Around 80-90% of people here have a connection to DP in someway. Nearly every name I see posting has/had an account with us as we have numerous benefits and we are the cheapest available anywhere on the www.

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    Default Re: switching from a regular model acct on streamate to daily pay, a couple quick ?'s

    Quote Originally Posted by BlakeDahlia View Post
    I just think it's important to point out that you're giving up more than just 5% of your earnings because that's how I thought it worked at first. I thought if I made $100, I'd just be giving up $5 which would be cheaper than the amount I pay for FedEx. But for every $100 I earn, I'll be giving up ~$15 to DP. That adds up a little faster.
    The mix up for most people comes when using gross and net earnings, Industry standard is to give the gross % but the example of 100$ with 15$ fee is using a net % fee. Lots of ways to write these numbers, eg at minimum payout SM take the 20% extra from the performer were as we would only take 15%, this line gives the impression we are cheaper to use rather than normal Stremate, albeit if the performer only worked 1 day a week we would be cheaper to use but most people work a few days which tips the scales the other way.

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    Default Re: switching from a regular model acct on streamate to daily pay, a couple quick ?'s

    PrincessJenny I sent you a pm about dailypay.

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    Default Re: switching from a regular model acct on streamate to daily pay, a couple quick ?'s

    Quote Originally Posted by Glasses View Post
    Don't get me wrong, but it is so simple. If someone spends 100 on you, with regular SM account you get 35 of it, with PJ you get 30. At least this is what I see on my earnings tab. Exactly.

    I think it is unnecessary to bring in different math formulas, making the whole stuff confusing and scaring. We know that we give up 5% of the total spent on us, its just shorter and easier to say extra 5% taken from our earnings than starting these long math related descriptions.
    I guess the rest of you are much smarter than I am because when I first heard that it's only 5%, I was thinking that for every $100 I earn (my take), I would be giving away $5. I didn't give it a whole lot of thought but off the top of my head, that's what I thought. If for every $100 you bring in with SM, you get $35 without DP and $30 with DP, that's more than 5% of your money that you're giving up.

    That's all I was trying to point. I know I can't be the only one that didn't realize that until I actually thought about it.

    I'm not trying to scare anyone away from DP, I just want girls (who may be kinda crummy with math, like myself) to realize how much they're giving away. If you made $500 (your take), you would be giving $71 for DP so you come away with only $429. It's adds up long term.

    I agree PrincessJenny is very transparent with the numbers. It's not that she's trying to trick anyone here.
    "If I can't dance, I don't want to be part of your revolution." ~ Emma Goldman

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  32. #47
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    Default Re: switching from a regular model acct on streamate to daily pay, a couple quick ?'s

    you know the thing that say check your recent earnings on sm? is PJs cut taken out of that as well, or is it taken out later? so say i have 150 on my recent earning tracker, is thatjust with streamates cut taken out or wirh streamate and daily pays cut both? just wondering i went live for the first time today on DP.

    also it takes about 3 days to transfer money from my paypal account to my bank, so im assumin thats how long daily pay will take to get on my bank account. i cant wait for this to get going! ill have a hard time not working every day. see guys, DP motivates me to work more so ill be making more depite the extra 5 percent.

    again motivation is priceless.
    Last edited by crispy; 04-15-2012 at 12:48 AM.

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    Default Re: switching from a regular model acct on streamate to daily pay, a couple quick ?'s

    Glad your motivated again

    On the earnings page the number shown is the number sent to your bank, its 100% profit.

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    Default Re: switching from a regular model acct on streamate to daily pay, a couple quick ?'s

    me too the motivation for next day really puts me to work plus i needed the money now Thanks Pj im all set up and running. its was interesting yesterday to have people come in thinking i was new and try to pull the tricks on me pshh i know better

    but i do have a question! i made 50 yesterday (-__-) sighh but the email said it would send 42 to my account after fees . with the $3 for transfer and ur cut is that right?

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    Default Re: switching from a regular model acct on streamate to daily pay, a couple quick ?'s

    The number you see should be the number you make, before the 3$ fee. So I believe you should be getting 47$ if you are in the states.

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