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What payout methods does ModelCentro offer?

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Written by ModelCentro
Updated over 2 years ago

The very first thing you need to do is to choose among 8 payout methods:

  • Wire 

  • ACH - direct deposits

  • Paxum (not eligible for the USA personal account holders) 

  • SEPA

  • Check

  • USDT Tron/TRC20 network

  • USDT Ethereum/ERC20 network

You will do that during Step 1 of your site’s setup process - along with filling in your information in “Account Holder Details”.

Remember that you are going to get a payout only after reaching the required minimum. The minimum amount you can set up yourself. But please keep in mind that different systems have their own minimums:

Wire - $1250

Check - $100

Paxum - $50

ACH - $100

SEPA – $290 (250€)

USDT Tron/TRC20 network - $500

USDT Ethereum/ERC20 network - $2000

You will get payments weekly on Tuesdays (except major holidays, when payments are made on the following working day after Tuesday), starting from the 3rd week after your site’s launch, provided your income met the minimum payout requirements for a selected payout method. To get a deeper understanding of the payout generation process, please check our detailed article here.

The payout procedure

In order to get your first payout, we need to confirm some information with you. Next payouts are made under the information we had on the previous payout, unless you contact us and let us know of a change in plans.

The procedure of the first payout depends on the selected method:

Wire

Once you get a confirmation request for your bank account details from your dedicated manager, make sure to reply so that we have all the correct information. The following Tuesday after the confirmation is completed, a payout will be sent to your bank account. Keep in mind that it might take a few days, depending on particular banks, in order for the money to arrive at your account.

Check

Once you get a confirmation request for your address and telephone number from your dedicated manager, make sure to reply with all the correct information in case any information in your account is incomplete. The next Tuesday after the confirmation is completed you will be sent a check by mail with the amount of the payout. Depending on your location, it might take some time to get the check by mail.            

Paxum

First of all, you need to create an account with Paxum (if you don’t have one yet) and fill in the email in Payout Details section of “Account Holder Details”. Please triple-check the email to make sure there are no mistakes. Your dedicated manager might contact you to confirm this email. Payouts via Paxum, as all others, are sent out on Tuesdays, and you should see the money on your account immediately. Learn more about Paxum MasterCard here.

Important note! Paxum will no longer be providing services to USA Personal Account Holders. USA Business Account-Holders will not be affected by this change.

ACH – direct deposit. 

ACH direct deposit is available for US models only. It is an alternative to the wire, but with a minimum of $100 and no extra charges. It is much faster and safer, for example than Check. All you need is to have a bank account - checking or savings.
You will need to provide us with this information about your bank account (in section “Me” - “Account Holder Details" – Payout Info”):
Account Type
Beneficiary Name
ABA/Routing Number
Account №

The money is delivered within 24 hours each payout.

SEPA

The Single Euro Payments Area (SEPA) is a payment-integration initiative of the European Union for simplification of bank transfers denominated in euro.

Once you get a confirmation request for your bank account details from your dedicated manager, make sure to reply to make sure we have all the correct information. The following Tuesday after the confirmation is completed, a payout will be sent to your bank account. Keep in mind that it might take a few days, depending on particular banks, in order for the money to arrive at your account.

Important note! As SEPA is a payout method done in EUR while your website charges in USD, currency conversion is an additional cost for this method, amounting to approximately 2% of the transaction value.

USDT

USDT is a stablecoin, a type of cryptocurrency which aims to keep cryptocurrency valuations stable and follows the USD, meaning USDT tokens are backed by an equivalent amount of traditional flat currency- the US dollar. USDT transactions can be done globally.

USDT, a cryptocurrency issued by Tether, is compatible with the Ethereum/ERC20 and Tron/TRC20 networks and FanCentro currently supports both ERC20 based USDT (Ethereum network) and TRC20 based USDT (Tron network) payouts, so in order to receive a payout in USDT, you need to have either USDT-TRC20 wallet address or USDT-ERC20 wallet address.

Please make sure you check your wallet address VERY carefully and use the relevant payout method on FanCentro - USDT Tron/TRC20 network which is for receiving TRC20-USDT or USDT Ethereum/ERC20 network which is for receiving ERC20-USDT because only USDT from the Ethereum network is compatible with your USDT-ERC20 address. Further, USDT from the TRON network is only compatible with your USDT-TRON address. Sending your USDT coins to an incompatible address may result in the loss of your funds.

So it’s very important that you choose the correct payout method and enter the correct wallet address for the chosen method. If you have any doubts as for your address, an easy way to differentiate between these two is by the way the address is structured:

  • An ERC20 address (wallet address for ERC20-USDT) only starts with ‘0’ and ‘x’. For example: 0xbc6e.

  • A TRC20 address (wallet address for USDT in TRC20-USDT) only begins with a capital ‘T’. For example T9zG21.

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