Your first fan just paid you. Congratulations! Now comes the part nobody warns you about: getting that money out of OnlyFans and into your bank account here in Latin America.

In my last article I said this part is its own adventure. I wasn't exaggerating. Your first dollar can take 21 days to reach you, and it won't arrive whole. Here's how it actually works, and how to lose as little as possible on the way.

Step 1: Get Verified

Before OnlyFans pays you anything, it needs to know who you are. You'll need:

  • A valid ID: your passport, national ID (cédula) or driver's licence.
  • A live selfie, so they can match your face to your ID and confirm you're over 18.
  • A W-8BEN form. It's a US tax form that tells OnlyFans you're not a US taxpayer, and you fill it in right inside OnlyFans. Without it, they can hold back up to 30% of your earnings for US taxes.
  • In some countries, your tax ID. Creators in Mexico, for example, have been asked for their RFC.

Do this at the very start, before you're earning, so nothing holds up your first payout.

Step 2: Choose How You Get Paid

OnlyFans pays in US dollars. In most of Latin America you have two options: a bank transfer straight to your own bank, or Paxum, an e-wallet built for our industry.

Your bank (like Bancolombia): if you're doing everything yourself, this is the simplest. The money goes straight from OnlyFans to your account.

Paxum: if you have people helping you, like an editor or an assistant in another country, Paxum makes paying them so much easier. Trying to send money abroad from a bank like Bancolombia is a nightmare. We learned that the hard way, and we moved to Paxum just to be able to pay our team. Paxum has come a long way and is much more legit than it used to be. It even lets you take your money out as crypto (USDT or USDC) to your own crypto wallet, which is the most flexible way to pay people or move money abroad.

Just know what it costs: after years of using Paxum, we've seen its currency conversion eat around 5 to 7%.

What doesn't work: PayPal isn't an option on OnlyFans. Wise doesn't accept adult content, and Payoneer restricts it, so don't build your plan around either one. And OnlyFans doesn't pay out in crypto directly: Paxum is the way to get there.

Your bank or Paxum?

Step 3: Be Patient

Here's what surprises everyone: the wait.

  • At first, 21 days. New pages in countries with a lot of chargebacks, like Colombia, wait 21 days before they can withdraw a dollar they've earned. After about 3 to 4 months, once your account has proven it's trustworthy, it drops to 7 days.
  • A $20 minimum before you can withdraw.
  • 3 to 10 business days for the money to arrive once you hit withdraw. If it's been more than 10, email payments@onlyfans.com with a bank statement.

So if you're counting on your first OnlyFans money for rent, plan for a month, not a week.

What Actually Lands in Your Account

Remember, OnlyFans keeps 20% of everything. Then the fees start:

  • Intermediary banks: an international transfer passes through other banks on the way, and each one can take a cut. Usually $15 to $50 per transfer.
  • Your bank: some charge you to receive money from abroad, some don't.
  • The exchange rate: if your bank turns your dollars into pesos, you'll usually get a rate 2 to 4% worse than the real one.

Put it all together and every $1,000 a fan spends turns into $800 from OnlyFans, and roughly $700 to $760 in your bank.

One easy fix: a lot of those fees are charged per transfer, so withdrawing less often, in bigger amounts, means you lose less.

From the fan to your bank

Keep It in Dollars

If you can, keep your money in dollars. It's the more stable currency, and every time you convert, you lose a little. In Argentina this just got easier: since September 2026 you can keep the dollars you earn from abroad in a US-dollar account in your own name.

Country by Country

Everything above works everywhere. Here's what changes depending on where you live.

Argentina

Your bank or Paxum, though Paxum is more limited here. The good news is in the dollars section above: you can now keep them. Banks charge differently to receive money from abroad: Banco Macro is free up to $10,000, Banco Galicia charges $5 to $50. And ignore the old guides that say you'll lose 40 to 60% on the exchange. Those rules are gone.

Colombia

Bancolombia or Paxum. Bancolombia doesn't charge you to receive a transfer that arrives without an intermediary bank, but the exchange rate it gives you is worse than the official TRM, so compare. New pages here usually start with the 21-day wait. And since April 2025, banks report to DIAN which city and country your money comes from, so declare it.

Mexico

Your bank or Paxum. Unless you live in the border strip, you can't open a personal dollar account, so your bank will turn your dollars into pesos. Watch that rate. OnlyFans may ask for your RFC, so have it ready.

Venezuela, Peru, Chile, Ecuador and the Rest

What you can use depends on your country. In OnlyFans, open the Banking section of your settings, pick your country, and you'll see your options. If a bank transfer is there, everything above applies. If it isn't, or your transfers keep bouncing, Paxum is the option most creators fall back on.

Taxes: The Short Version

I'm not your accountant, and the rules are different in every country. But here's what you need to know:

  • Tax offices are watching. OnlyFans can share your earnings with local tax authorities. In Colombia, banks now report to DIAN, the tax office, where your money from abroad comes from. In Mexico, creators are being asked for their RFC.
  • So declare your income, and find a local accountant early, before you get a scary letter.
  • Once you're making five figures a month, look at a bigger structure. For some of our creators, especially in Argentina, where the tax bill gets heavy as you grow, we help set up a US company (an LLC) with a US bank account. It gives you more flexible payout options, it's a better place to keep your money (in dollars), and it gives you far more flexibility on what you can write off as business expenses, which can help lower your tax bill. It won't make your taxes lower on its own, so work it out with an accountant. One of our Argentinian creators already did it, and she's so relieved. We only recommend it once you've proven you can hit five figures a month, and we connect you with our accounting team when you're ready.

Chargebacks: The Money That Comes Back Out

A chargeback is when a fan asks their bank to reverse a payment. When that happens, OnlyFans takes your 80% back, even if you already withdrew it. And let's be honest: OnlyFans isn't going to protect you here. That part is up to you.

Chargebacks are a much bigger problem with fans paying from Latin America. Card data shows chargeback rates 4 to 7 times higher than in the US. A lot of it is someone maxing out a family member's credit card (yes, sometimes their mom's) to unlock all your content, then disputing everything. They get your content for free, and then they try to leak it online, on Reddit or some shady leak site.

On one of the pages we manage here at MINX, three fans cost it about 15% of its first month's earnings in chargebacks. They all did the same thing: subscribe, buy something expensive within hours, dispute it a week later. Once we started keeping new fans' first purchases small, new chargebacks dropped to almost zero.

So my one rule: take a little more time to get to know a new subscriber before you sell them anything big. And watch for the biggest red flag: the fans who ask for your most explicit content right away are the ones most likely to charge it back.

The Short Version

  1. Get verified early: ID, selfie, W-8BEN.
  2. Doing it all yourself? Use your bank. Paying a team? Use Paxum.
  3. Plan for a 21-day wait at first, 7 days later.
  4. Withdraw less often, in bigger amounts.
  5. Keep your money in dollars.
  6. Declare your income and find a local accountant.
  7. Get to know new fans before you sell them anything big.

And if you're getting to the point where you're paying people, juggling accounts and wondering about an LLC, that's exactly where we come in. Reach out using the form, and I'll be in touch if I think we're a good fit. And subscribe to our newsletter so you don't miss the next one.

Besos!

Mari Minx