What is the best payment process in my case ?

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  • JohnRabbit
    Registered User
    • Dec 2022
    • 8

    #1

    Business What is the best payment process in my case ?

    Hello,

    I want to run a paying member area on my adult site.
    The traffic is worldwide (US & Europe). My company is based in Europe and I have a VAT number.
    So for european customers I have to collect VAT and reverse it to the country of the customer.
    For US customers I don't have anything to do.

    1) I was thinking about opening a Onlyfans account. My members have to register to my onlyfans => they can access to the member area of my site.
    The good point of Onlyfans is that they collect and reverse VAT themselves. So I will only have 1 line for my accountant every month.
    The bad point, Onlyfans dont have any api, so it will be hard to handle who subscribe and for which duration my members subscribe... Also its not perfectly made for website content.
    I dont care about the 20% commission they do all the VAT stuff so for me it's perfect.

    Patreon is doing the same, but they dont accept adult content.

    2) Im watching Verotel, CCBill, Probiller... They dont provide any information for VAT for european customers.
    So I just have to bill the final amount including VAT on their payment process. And handle myself the VAT with my accountant

    3) Maybe another service like OF or Patreon doing payment process + vat redistribution for european customers in the same time exist ?

    Thank you !
  • NatalieK
    Natalie K
    • Apr 2010
    • 19858

    #2
    you should be paying VAT direct from your bank if you´re in the EU, you need an accountant.

    No company pays your VAT, you receive payment from OF & then you have to pay VAT on your earning, if you´re creating your own content
    My official site / Custom vids / Make money links / First time girls
    Email: [email protected] - "Converting traffic into income since 2005"

    Comment

    • pornlaw
      Confirmed User
      • Feb 2007
      • 1902

      #3
      Originally posted by JohnRabbit
      For US customers I don't have anything to do.
      Also, not true. Certain states now charge sales tax on downloads. But it is on a state by state basis.

      https://www.salestaxhandbook.com/
      Michael

      www.AdultBizLaw.com

      Comment

      • nikki99
        Supermodel
        • Nov 2004
        • 23072

        #4
        welcome to GFY
        SMC Revenue - Best Tgirl websites of the world now VR
        Non exclusive BIG Tranny/shemale Package for sale, full 2257 - hit me up skype: nikkimontero

        Comment

        • JohnRabbit
          Registered User
          • Dec 2022
          • 8

          #5
          Originally posted by NatalieK
          you should be paying VAT direct from your bank if you´re in the EU, you need an accountant.

          No company pays your VAT, you receive payment from OF & then you have to pay VAT on your earning, if you´re creating your own content
          Hello Natalie

          I am a company in EU with an accountant.

          Onlyfans is collecting VAT directly when a fan subscribe to your account and Onlyfans pay it to the relevant tax authorities.
          Source : onlyfans*com/help/3/120/129
          So with OF you dont have to handle VAT from your fan's payments. This is what I am looking for because It take less time, less process, less accountant fees.

          It's perfect, because you just have 1 payment from Onlyfans when you cash out. It's only 1 line.
          And not thousands of payments from your fan's to handle with the VAT to pass it to their own countries.





          Originally posted by pornlaw
          Also, not true. Certain states now charge sales tax on downloads. But it is on a state by state basis.
          Right, thank you.

          @nikki99 thank you

          Comment

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