CamModelDirectory has changed their minimum payout… again
CamModelDirectory, a platform for Adult Skype Shows, recently they announced a change in ACH service providers. With the transitions came some changes. Most notably was the change to their ACH minimum payouts, which was raised to $125. You can view the original announcement here. Now they have released another e-mail announcement stating that the minimum payment of $125 has been removed, which is good since many people were opposed to the original announcement regarding the raised payout minimum.
Here is what CamModelDirectory sent out:
Firstly, I want to thank you all for your patience and understanding during this time of transition.
As you know, we have had to change ACH providers. The new provider is running on a longer processing period. So payouts will be arriving 10 days in arrears. I will break down what this means below:
Workweek: 9/22-9/28 Payout Date listed on Dashboard: 10/6 Actual Pay Date: 10/09
Workweek: 9/29-10/5 Payout Date listed on Dashboard: 10/13 Actual Pay Date: 10/16
Workweek: 10/6-10/12 Payout Date listed on Dashboard: 10/20 Actual Pay Date: 10/23
The minimum of $125 they originally had in place, we have been able to remove this minimum so we can pay everyone out on each batch.
Many of you will notice that you received payments during the above-listed payouts earlier than the Actual Pay Date. This is due to us working with other processors while we become fully set up with the current one we are working with. We apologize for the confusion this caused you and the expectations of earlier payout arrivals. We know these changes in schedule are an inconvenience to planning out not only your schedule bill payouts but life in general.
We will have everything back on a routine by November and we will be sending out regular payout emails with expected arrival dates each week for your payouts.
Again, we thank you for your patience during this time of transition. If you have any questions, please do not hesitate to reach out.