OnlyFans has become a popular platform for creators to monetize their content. However, in order to receive payment, creators must fill out a W-9 form.
In this article, we will discuss the necessary steps on how to get paid on only fans with a W-9 form in 2023.
How to Fill Out a W-9 Form on OnlyFans?
Filling out a W-9 form on only fans is a simple process. Creators can access the form by logging in to their only fans account and clicking on “Settings” and then “Payments” where they will find the W-9 form to fill out.
The form will require basic information such as name, address, and social security number.
It is important to note that the information provided on the W-9 form must match the information on the creator’s government-issued id in order to avoid any complications in receiving payment. Once the form is filled out and submitted, only fans will verify the information and the creator will be eligible to receive payment.
Payment Process on only fans with a W-9 Form/h2>
After submitting the W-9 form on only fans, creators can start receiving payment for their content. Only fans pays out earnings on a weekly basis, with a minimum payout of $20.
Creators can choose to receive payment via direct deposit, international wire transfer, or Pay one er. It is important to note that only fans charges a 20% fee on earnings, meaning creators will receive 80% of their earnings.
Creators can also track their earnings and payment history on the platform.
Why is a W-9 Form Required on OnlyFans?
OnlyFans requires creators to fill out a W-9 form in order to comply with us tax laws. The form is used to report income earned by the creator and to verify the creator’s identity.
By submitting a W-9 form, creators are ensuring that they are properly filing their taxes and avoiding any legal issues.
Conclusion
As a content creator on only fans, filling out a W-9 form is essential to receiving payment for your content. By following the simple steps outlined in this article, you can ensure that you are properly filling out the form and receiving payment without any complications.
It is important to remember to provide accurate information on the form and to match it with the information on your government-issued id. With the inherent tax compliance advantages, submitting a W-9 form is a necessary step for all creators to take on the only fans platform.
Check out this Youtube video if you want to learn how to properly use OnlyFans and fill out the W9 form for a seamless and stress-free payment experience.
Understanding OnlyFans W-9 Form
A W-9 form is a Request for Taxpayer Identification Number and Certification form that is required by OnlyFans to receive payment. The form is important because it provides necessary information for tax purposes and allows OnlyFans to inform the IRS about payment recipients.
To fill out the form, creators must provide their full legal name, mailing address, and Social Security Number or Individual Taxpayer Identification Number (ITIN).
- The W-9 form is important because it allows OnlyFans to comply with tax regulations and report earnings to the IRS.
- To fill out the W-9 form, creators must provide their full legal name, mailing address, and either their Social Security Number or ITIN.
- To submit the W-9 form on OnlyFans, creators can access the form through their account settings and fill out the required information online.
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How to Fill Out OnlyFans W-9 Form
Filling out the OnlyFans W-9 form is a straightforward process that should take only a few minutes. Here are the steps:
- Step 1: Accessing the W-9 form on OnlyFansLog in to your OnlyFans account and click on the “Statement and Payments” tab. From there, select the “W-9 Form” option and download the form.
- Step 2: Providing Personal InformationFill in your full legal name and address in the “Name” and “Address” fields respectively. Make sure the information matches the details on your tax documents.
- Step 3: Providing TIN InformationEnter your Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN) in the “Taxpayer Identification Number” field. You might have to get an ITIN if you don’t have an SSN.
- Step 4: Certifying the Accuracy of InformationSign and date the form to certify that the information provided is accurate.
Once you have completed the form, submit it to OnlyFans. Failing to submit a W-9 form might result in having backup withholding taxes taken out of your payments.
How to Get Paid on OnlyFans
To start receiving payments, filling out the W-9 form on OnlyFans is crucial. OnlyFans offers different payment options for content creators, including direct deposit, Paxum, and ePayments.
- Direct Deposit: To set up direct deposit, go to your OnlyFans Settings, select “Add Bank Account,” and follow the instructions to link your bank account. You will need to provide your bank routing and account number.
- Paxum: To set up Paxum, go to the OnlyFans Settings page, select “Add Paxum,” enter your email address registered with Paxum, and then follow the instructions.
- ePayments: To use ePayments as your payment method, go to the OnlyFans Settings page, select “Add ePayment,” and follow the instructions to link your ePayments account.
Once your payment method is set up, you can withdraw your earnings on OnlyFans. To do this, go to your “Earnings” page, select “Withdraw,” and follow the instructions.
The minimum withdrawal amount is $20 and OnlyFans takes a 20% cut of your earnings.
References
- OnlyFans Tax Forms
- OnlyFans Tax Guide 2021 – How To File Your Taxes As An OnlyFans Content Creator
- W-9 Form
