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Thread: ELM: Check, Wire, and Direct Deposit Payout Suspended Until Further Notice

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    Default ELM: Check, Wire, and Direct Deposit Payout Suspended Until Further Notice

    Hi

    We were just informed by our payout service, Webmasterchecks, that they will no longer offer check, wire, and direct deposit payout options to their clients. This means Extra Lunch Money, along with many other popular sites, will not be able to payout using these methods. Unfortunately, we weren't given any advanced notice so we have to temporarily suspend check, wire, and direct deposit payouts until a suitable replacement is found.

    For now this is what will happen:
    * Sellers who currently have an approved payout method of check, wire, or direct deposit will have this payout method will be unapproved
    * Sellers who are affected will still retain their balance
    * While not ideal for everyone if you want to get paid out we recommend using for the time being
    * If you are currently approved for Paxum then this will not affect you
    * We are working on additional payout methods, however can't give an accurate estimate on when these will be setup (but we are going as fast as we can)

    We apologize for this inconvenience. We are working on additional payout options and will let you know as soon as those are setup. Let us know if you have any questions.

    Thank you for your patience and understanding.


    - ELM Team

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    Default Re: ELM: Check, Wire, and Direct Deposit Payout Suspended Until Further Notice

    It looks like what happened here for ELM is effecting Chaturbate and their daily pay option as well. Webmasterchecks a payment provider has gone belly up leaving a lot of people scrambling for alternatives. I use an affiliate program that sent out an email asking us to pick another option.

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    Default Re: ELM: Check, Wire, and Direct Deposit Payout Suspended Until Further Notice

    Quote Originally Posted by PhatGirlDynomite!!! View Post
    It looks like what happened here for ELM is effecting Chaturbate and their daily pay option as well. Webmasterchecks a payment provider has gone belly up leaving a lot of people scrambling for alternatives. I use an affiliate program that sent out an email asking us to pick another option.
    I don't think this affects those who aren't on daily pay on Chaturbate. I just checked and I have no notifications in my email or when I log in.

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    Default Re: ELM: Check, Wire, and Direct Deposit Payout Suspended Until Further Notice

    Quote Originally Posted by Rispy_Girl View Post
    I don't think this affects those who aren't on daily pay on Chaturbate. I just checked and I have no notifications in my email or when I log in.
    Yes it's only the daily pay people. CB just confirmed this on twitter.

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    Default Re: ELM: Check, Wire, and Direct Deposit Payout Suspended Until Further Notice

    I'm done with ELM until they get that straightened out. I'm not a fan of Paxum.

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    Default Re: ELM: Check, Wire, and Direct Deposit Payout Suspended Until Further Notice

    Quote Originally Posted by WendiStarr View Post
    I'm done with ELM until they get that straightened out. I'm not a fan of Paxum.
    No kidding! I thought the forum would blow up with this news but everyone seems so chill about it. ELM customer base is bottom feeders anyway.

    PinkGeisha: "NOTHING IMPRESSES A CAMMODEL MORE THAN A GUY THAT LETS HIS MONEY DO THE TALKING"


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    Default Re: ELM: Check, Wire, and Direct Deposit Payout Suspended Until Further Notice

    Quote Originally Posted by chloemay View Post
    No kidding! I thought the forum would blow up with this news but everyone seems so chill about it. ELM customer base is bottom feeders anyway.
    Yes, very true about them being bottom feeders. Their 30 minute video requests for specific outfits right down to the color of outfit, hairstyle, lipstick color, etc for only $2..pssh! I won't be suffering much of a loss.

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    Default Re: ELM: Check, Wire, and Direct Deposit Payout Suspended Until Further Notice

    Looks like ManyVids also used this company to send their checks to models:

    Last Friday, we experienced a very unfortunate incident. The company that we use to send out checks suddenly announced that they are no longer serving their clients, meaning not only did we lose a lot of money due to them unilaterally closing our account along with our funds, but we had to find another solution to make sure that everyone would be paid normally for the next payout that is just around the corner.

    So we worked extremely hard this past week, and we are glad to announce that we’ve come up with a solution. Rest assured, business will be done as usual for the models that currently have checks as their preferred payment method. Your payouts this month will get to you as it is normally done.

    We would like to take this opportunity to strongly recommend an alternative payment solution for models that currently receive checks. This is because we greatly care about how you receive your payouts securely in time. As independent entrepreneurs, your chosen method of payment is a core element of your business. So it is very important to carefully consider the best option available.

    With checks there are many third parties involved, and that means once we send the checks out they are prone to a lot of human errors, such as checks getting lost in the mail, or simply that the address is wrong. Also, checks are the slowest way to receive your payments, not to mention that you have to physically go to the bank, cash it, then wait for the funds to be processed. So in order to minimize delay, as well as other potential risks associated with sending checks via mail, we recommend using direct transfer options. They are faster, and less prone to complications. Currently, we offer free direct deposit in 38 countries, as well as wire transfer.

    Having said that, we would like to reiterate this: you can count on us. We know that when we do payouts, things may never be perfect, and a lot of unexpected conditions may introduce difficulties. Our customer support team puts payout issues as priority number one, and works extra hard for them to be resolved quickly and effectively.

    We firmly hold that our priority is you, the MV Stars. Our first and foremost objective is to make sure you receive the money that you have earned on MV. Our job is to help you all become successful entrepreneurs and we will never lose sight of that.

    Lastly, this incident with the payout provider affected a lot of other companies across the industry, and we are aware of the issues that this is causing. We sincerely hope that the damage is minimal for everyone, and wish swift recovery to the companies that were affected.

    If you have any questions, please don’t hesitate to contact our support team at [email protected]. Once again, we are here for you.

    Thank you very much.

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    Default Re: ELM: Check, Wire, and Direct Deposit Payout Suspended Until Further Notice

    Wow, is it legal for that company to keep ManyVids money? Also I applaud them for quickly finding a work around.

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    Default Re: ELM: Check, Wire, and Direct Deposit Payout Suspended Until Further Notice

    Any word on this? Honestly at this point I'm about to just flat out tell guys on there to pay through my site instead and if ELM bans me they ban me. That's assuming of course that there is any projects that I would even do as the offers floating around in there are abysmal.

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    Default Re: ELM: Check, Wire, and Direct Deposit Payout Suspended Until Further Notice

    I was in email contact with them about a week ago about the situation. They said they're still in the process of finding new payment methods. They did add Dwolla, but that's for US models only and I'm personally not familiar with using it so not sure how reliable it is. They also mentioned trying to get FirstChoice, but that they weren't sure they'd get approved to use them for some reason.

    I gave them links to the ELM threads here so they can post any updates or just let people know they're actually looking into it, doesn't seem like they have. I get that they're probably frantically busy trying to fix this, but it would be nice if they at least tried to make the models on their site feel like part of the discussion when problems that keep us from getting paid arise. I asked them to keep me in the loop if possible so if I receive any more updates or communication I'll post here.

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