Bank Transfers - Third Party Payments

[admin]

Dear AW User

We are writing to you because you have used the UK or EU bank withdrawal method for Credits Transfer Requests from AdultWork.com within the last 6 months.
From Wednesday the 3rd of June 2020, we will no longer be able to support payments to third parties from the Site.  This means that when you withdraw credits, it must be to your own bank account or if you are employed/self-employed, your company’s bank account.
If you are part of an AdultWork.com Group, your group manager will still be able to withdraw credits on your behalf but again, they will only be able to withdraw to a bank account in their own or their company's name.
The concept of paying someone other than the verified advertiser (you) or the agent of the advertiser (your group manager) is no longer permitted by banking regulations.
 
If you do not have a bank account in your own name you have two options:

1. Explore the other methods available to transfer credits explained here.  Options include cash over the counter from a Post Office and a prepaid and reloadable MasterCard.
    
   
2. Get one.  Many banks now allow you to open accounts without needing to leave home.  Some of them have apps for your smartphone that help you manage your money, integration with Apple Pay or GPay and quirky looking debit cards that are posted out to you within a matter of days.  Checkout Monzo, Starling or this review of the top "challenger" banks.
   

 
As always, our goal is to provide a compliant and robust platform so that you do not have to worry about anything other than running your online business.  This email is to give you advance warning about changes we need to make in respect of emerging banking regulations that will prevent us from being able to pay your friends or other associates through your AdultWork.com Membership.  If you need to take action, do so now to ensure a smooth transition after the 3rd of June.
 
If you received our earlier email advising that we can only make bank payments to verified members this is a double-whammy of regulation for you and us alike.  This means that a) we can only make bank payments to verified members, and b) those payments must be made to bank accounts held in the name of the verified member.  You'll appreciate that due to anti-money laundering regulations and know your customer requirements this is all standard stuff for any business, not just AdultWork.com.
 
Thanks and regards
The AdultWork.com Team