The important part of being a financial dommie is getting your cash transaction. However, safety and privacy are critical concerns for both the dominant and submissive. The best findom sites offer secure, anonymous transactions, and ease of use. Sometimes adult content platforms are frowned upon by traditional finance banks and other institutions. As such, it can be hard to find safe ways among a variety of payment options to receive money from your slaves and potential customers. Below are some of the best payment methods for financial dommes.
Wire Transfer
A wire transfer is an electronic bank transfer method that sends money from one bank account to another. You can use this for long-distance transactions to send money internationally and make local transfers. You should consider wire transfer because of the following.
Safety
This private payment method is scrutinized and this helps you to receive your money.
Easy Currency Exchange Options
You can wire money in a currency that is not your local. Even though most services offer to exchange, you will pay the associated fee.
Velocity
Access your funds within a few hours. For international payments, you will have to wait for about 2 business days. Even though, the turnaround time is still faster than most payment approaches.
Risks
The downside of this type of money transfer is irrevocable. The financial transaction cannot be reversed. So ensure the recipient details are correct and risk of falling victim to payment scams.
It’s expensive. Fees vary depending on the digital payment option provider.
E-check
eCheck is another findom payment method that allows faster access to your money. The ordinary paper check is processed as an electronic cheque. This money transfer method stands out because of the following.
Safety
It’s not a must for you to have a debit or credit card and be a potential victim of a card payment scam. Many financial institutions accept electronic check conversion as a preferred payment method. They will, however, decline traditional checks. You will be able to purchase things that you would not be able to with absent a credit or debit card.
Features
This private payment method has a cool feature by preventing price increases. It reduces fraud, the time you will spend on deposits, and the bank fees.
If you have a dispute because you paid via electronic cheque conversion or the merchant, you have the privilege of having your financial institution investigate any transfer you feel is an unauthorized payment. The investigation can happen within 60 days from the day payment was sent. Ensure you review the statement you receive.
Risks
The downside of this method is you will not receive copies of canceled eChecks from the bank.
When you pay by ordinary cheque, funds are released faster. As such, ensure you have enough money in your account to cover the payment.
Direct Deposit
Direct deposit is an electronic funds transfer. You simply transfer money from one account to another. Consider this form of payment because:
Safety
Payment via direct deposit is a safe and secure transaction. You don’t have to worry about losing cash or paper checks. Once the initial setup is complete, funds are transferred electronically to your account.
With this private payment method, you don’t need to worry about losing your physical paycheck. Also, you don’t need to worry about a thief accessing your bank account.
It’s easy
This type of payment isn’t difficult. If you use payment apps, you can deposit money directly to your master’s or receiver’s account. It’s just a few simple steps. Before you send it to their financial institutions, you enter and approve payroll.
Direct deposit gives you a record of the money you have spent.
Risks
The negatives of this findom payment methods include fees. For some financial institutions, you might be charged a transaction fee each time you transfer money from your account.
Direct deposits are time-sensitive. Also, ensure whoever you are sending money to has an active bank account.
Payment Methods to Avoid
Double Consider Using Google Wallet or Paypal
These two methods might not be the best choice for your business. Paypal and Google Wallet have on several occasions shut down dommies accounts. If this happens to you, they will hold your funds for 180 days as that is the same time frame that buyers have to open disputes. Rather than using these services, consider paying a small fee with other anonymous payment methods. Venmo, Square Cash, and Circle are other mobile payment services you might want to avoid.
Beware of Amazon gifts and gift cards
Some like to send Amazon gifts as tributes. Be it as it may, they can cancel your order right away after you have placed it. For this reason, don’t accept any payment as an Amazon gift until the item is in your hands.
The same applies to gift cards. If you haven’t redeemed them yet, subs can cancel the gift cards. Beware and don’t fall victim to these tricks. However, if you have an Amazon wish list or accept Amazon gift cards, don’t accept them as online payments.
Final Thoughts
For you to be a successful findom, you must select a popular clip site with a decent customer base and create your findom account. You need findom payment methods that are highly reputable and have low fees. You also need one that is financially domme friendly and is easily accessible for subs around the world.
To avoid any challenges that might arise, be sure to explicitly clear your subs/slaves on how you would like to be paid. It will make everything easier for everyone.
