The launch of OnlyFans was indeed a unique concept that has redefined the world of the social media landscape. Ever since it was launched in 2016, it has created a unique experience for content creators and subscribers (called fans). It offers content creators a unique way to earn money. But, is there any change in the OnlyFans percentage cut 2024?
This article is an attempt to help you understand how much OnlyFans take from creators.
What is the Current OnlyFans Percentage Cut in 2024?
As of 2024, OnlyFans takes a percentage cut of 20% from the content creators. In fact, not only in 2024, but the percentage has always remained at this level since the launch of the platform in 2016. Even then, content creators have been claiming that this percentage cut is too high and it impacts their overall earnings.
Creators can take 80% of their earnings. This includes subscriptions, paid messages, and tips. OnlyFans takes the rest of the 20% to cover the expenses of processing, hosting, support, and other services.
What Percentage Does OnlyFans Take From Creators?
As already explained above, OnlyFans takes a 20% cut from the creators from their earnings. The rest of the 80% earnings is sent to you.
The 20% cut that OnlyFans takes from you is charged for:
- Your use of the OnlyFans platform
- Live support is provided to you
- Hosting charges for the site
- Processing your payments
Many content creators think the 20% cut is too much. But, when you look at the revenue shared by the other revenue-sharing services, you should find that the percentage cut is reasonable.
A few good examples include:
- Twitch: It takes up to 70% cut for ads, subscriptions, and donations
- YouTube: It takes around 45% of the ad revenue
- ManyVids: It takes up to 20% to 40% cut depending on what you are selling
- Fansley: It takes up to 20% cut from the content creator’s earnings
In fact, if you look at the industry standards, the 20% percentage cut by OnlyFans is one of the best options.
Also Check: 11 Sites Like OnlyFans
Can You Avoid Paying OnlyFans Creator Fees?
Well, some content creators on OnlyFans try avoiding paying the 20% cut to OnlyFans. They do this by asking the subscribers for payment off-platform to apps like Venmo. But, this is not recommended. It can actually put you into a huge trouble.
Do remember that OnlyFans monitors your conversations. If your conversation is caught by OnlyFans, you will end up getting your account suspended. OnlyFans tracks certain keywords in the conversation. PayPal, Venmo, and similar off-platform modes are the keywords that can instantly make your account get banned and suspended.
That apart, PayPal too may ban you as it does not allow you to send or receive payment through its network for anything related to s*x.
How Does the OnlyFans Percentage Cut Impact Creators?
Having understood the payment structure for OnlyFans creators, it may be a good idea to understand how the OnlyFans percentage cut 2024 affects the content creators.
As with any other platform, the percentage cut affects how much the content creators can earn on OnlyFans. Many content creators find this challenging as they need to invest time and effort in creating content on the platform. But, by optimizing the pricing and making informed decisions on pricing, you can earn a good income.
A few strategies that you can implement would include:
- Offer tiered subscriptions to attract different strata of audiences.
- Use the promotional discounts to encourage new sign-ups.
- You can create customized content to build loyalty.
- Explore the additional revenue streams available such as tips and paid messages.
Conclusion
Well, that should provide you a complete insight into the 20% cut of the content creator earnings. This includes the subscriptions, private messages, tips, and every sort of earning that you would make from OnlyFans.
However, it does not cost anything to start on OnlyFans. You can use your account for free as long as you do not charge anything from your subscribers. You will only be charged when you begin charging your subscribers.
In any case, you can earn big on OnlyFans if you take proper care of your account and create outstanding content. The 20% cut taken by OnlyFans should not really be a huge concern.