Bitcoins & Porn / Cam Sites

[DumpManager]

Hey everyone,

I have noticed lately that a lot of cam sites have put in the option of paying with bitcoins, as well as some porn sites.

Does anyone know if this is becoming popular, are people using it?

[2030]

had some chargebackz firs time in 3 yrs wonder fro tht

[Ramp]

Originally Posted by 2030

had some chargebackz firs time in 3 yrs wonder fro tht

wtf? no charge backs on bitcoins

[EpicPanda]

Originally Posted by 2030

had some chargebackz firs time in 3 yrs wonder fro tht

lol

GFY, ladies and gents.

[adultmobile]

Originally Posted by Ramp

wtf? no charge backs on bitcoins

look at the poster: 2030

[TheSquealer]

Of course it's in everyone's interest to try to make money, pay webmasters and models in wildly fluctuating unicorn tears.

[CPA-Rush]

yes new trend

[cam_girls]

I might offer bitcoins as a backup payment option (or your primary method if you don't have Pneer!)

but how do I buy bitcoins with Pneer?

[Dirty F]

Originally Posted by TheSquealer

Of course it's in everyone's interest to try to make money, pay webmasters and models in wildly fluctuating unicorn tears.

The best thing that could happen in the adult industry and all you can do is make jokes about it because you don't have a clue what's going.
Do you have any idea at all how ignorant and dumb you people look to those who did take the time to learn about it and understand what an amazing technology it is?

[CPA-Rush]

Originally Posted by cam_girls

I might offer bitcoins as a backup payment option (or your primary method if you don't have Pneer!)

but how do I buy bitcoins with Pneer?

u cant buy btc with payoneer

[adultmobile]

Originally Posted by Dirty F

did take the time to learn about it and understand what an amazing technology it is?

I've read the bitcoin's C++ sourcecode and understood most of it, it is fascinating, still I can't say that supporting bitcoin it will boost sales of any adult site significantly.
The only way me or anyone else I know coud make profit with bitcoin, it was simply daily trading with some luck.

[cam_girls]

Originally Posted by rosx

u cant buy btc with payoneer

so I'd have to have a WE-BUY-BITCOINS-WITH-PAYONEER webpage somewhere
in order to offer bitcoins to sites with camgirls pops? I could buy $10K worth to start
I guess and hope the value doesn't drop.. would be more viable if the $US-BTC was more stable..

[ruff]

I thought I would take a chance and market a site directly towards Bitcoiners. I'm using Bitpay only with no other forms of payment just to see if the BTC market has any depth. I may add other processors later but I thought I would mess around with it and see if I could get any Bitcoin community support. It should be interesting to see where sales (if any) originate from.

[MrTrollkien]

Originally Posted by 2030

had some chargebackz firs time in 3 yrs wonder fro tht

[ChargeBacks]

Hello GFY.

Regardless of your personal opinion about the volatility and regulations in place (or current lack thereof) I think we can all agree that digital currencies are the future. Accepting the different ones available like BitCoin and LiteCoin is a very smart move, and made very easy by setting up an account with a company like GoCoin.

Right now most people riding the digital currency trend are mining, and trading. There are billions of dollars in virtual money that is going unspent. These people want to be able to spend it somewhere: hotels, restaurants, petrol, and yes even porn. There is an enormous untapped marketplace for accepting consumers that are in possession of such digital currencies. Why not be amongst the first generation of e-merchants giving them the opportunity to actually spend this money?

Ask yourself this simple question. What do you care, if the method of payment they use is Bananas, Disney Dollars, Monopoly Money, BitCoin or LiteCoin? All that matters is that there is a company in the middle, that serves as a currency exchange. This exchange is willing to take your asking price (in the traditional currency of your choice) for that product or service your offering, and convert it temporarily to the various other payment methods generally being accepted by them.

As the merchant - you are not subject to the volatility of the market.

Today - You the merchant want 29.95 EUR for your product or service.
For the consumer - todays market price of 29.95 EUR says he/she must pay up 28 kg of bananas or .000032 BitCoin.
You get paid out 29.95 EUR minus the processing fee - which is about 1%

Tomorrow - You the merchant want 29.95 EUR for your product or service.
For the consumer - tomorrow's market price of 29.95 EUR says he/she must pay up 32 kg of bananas or .000045 BitCoin.
You get paid out 29.95 EUR minus the processing fee - which is about 1%

At that moment in time when a consumer wants to pay using their digital currency, they take your asking price, convert it to ...You get paid in the traditional currency of your choice. In many ways its no different than you wanting your 29.95 EUR, but your customer has USD. It is on your customer who wants to pay using USD how much exactly they have to pay in USD to reach your asking price in EUR. You are not getting paid in bitcoin, the processor is.

And my final words for those who prematurely have been complaining that they put up the option to pay in BitCoin and didn't see a increase in sales:
Just because you built a website, lots of people will automatically find it. You have to take the extra step to get the word out. The same applies for accepting the digital currencies. Spend a little time to spreading the word to the digital currency communities that you are a merchant where they can spend there monies, they will come.

Let's recap:
- You are attracting a fresh customer base
- You are not effected by the market volatility
- Processing fee is about 1%
- and ZERO Chargebacks.

I was sold at ZERO Chargebacks!


Have a beautiful day everyone!

Sabrina

[Dirty F]

Originally Posted by ChargeBacks

Hello GFY.

Regardless of your personal opinion about the volatility and regulations in place (or current lack thereof) I think we can all agree that digital currencies are the future. Accepting the different ones available like BitCoin and LiteCoin is a very smart move, and made very easy by setting up an account with a company like GoCoin.

Right now most people riding the digital currency trend are mining, and trading. There are billions of dollars in virtual money that is going unspent. These people want to be able to spend it somewhere: hotels, restaurants, petrol, and yes even porn. There is an enormous untapped marketplace for accepting consumers that are in possession of such digital currencies. Why not be amongst the first generation of e-merchants giving them the opportunity to actually spend this money?

Ask yourself this simple question. What do you care, if the method of payment they use is Bananas, Disney Dollars, Monopoly Money, BitCoin or LiteCoin? All that matters is that there is a company in the middle, that serves as a currency exchange. This exchange is willing to take your asking price (in the traditional currency of your choice) for that product or service your offering, and convert it temporarily to the various other payment methods generally being accepted by them.

As the merchant - you are not subject to the volatility of the market.

Today - You the merchant want 29.95 EUR for your product or service.
For the consumer - todays market price of 29.95 EUR says he/she must pay up 28 kg of bananas or .000032 BitCoin.
You get paid out 29.95 EUR minus the processing fee - which is about 1%

Tomorrow - You the merchant want 29.95 EUR for your product or service.
For the consumer - tomorrow's market price of 29.95 EUR says he/she must pay up 32 kg of bananas or .000045 BitCoin.
You get paid out 29.95 EUR minus the processing fee - which is about 1%

At that moment in time when a consumer wants to pay using their digital currency, they take your asking price, convert it to ...You get paid in the traditional currency of your choice. In many ways its no different than you wanting your 29.95 EUR, but your customer has USD. It is on your customer who wants to pay using USD how much exactly they have to pay in USD to reach your asking price in EUR. You are not getting paid in bitcoin, the processor is.

And my final words for those who prematurely have been complaining that they put up the option to pay in BitCoin and didn't see a increase in sales:
Just because you built a website, lots of people will automatically find it. You have to take the extra step to get the word out. The same applies for accepting the digital currencies. Spend a little time to spreading the word to the digital currency communities that you are a merchant where they can spend there monies, they will come.

Let's recap:
- You are attracting a fresh customer base
- You are not effected by the market volatility
- Processing fee is about 1%
- and ZERO Chargebacks.

I was sold at ZERO Chargebacks!


Have a beautiful day everyone!

Sabrina

Smart people already realize this. Dumb people will be left behind while we move on. Eventually they will realize this and either become smart as well or hate it even more. It's really their own stupidity they will be hating. It's just sad to see.

[ChargeBacks]

Originally Posted by Dirty F

Smart people already realize this. Dumb people will be left behind while we move on. Eventually they will realize this and either become smart as well or hate it even more. It's really their own stupidity they will be hating. It's just sad to see.

Hello Dirty F.

I read GFY and all I see is negative business comments everywhere. My colleagues tell me to ignore it and keep an eye on the few posts which are good.

Bitcoin and all the other currencies have been in the news for awhile now. I think we all paid more attention when the bank crisis effected Cypress. Earlier this year one of the MPs here sat down for the first time with a Executive from GoCoin at interNext Las Vegas. Our employer said there where a lot of business people in the audience who where listening to the panel speakers talk about the future of digital currencies. He walked away from the meeting enlightened. So much so, they are looking into some form of business cooperation.

Sabrina

[JasonCollins]

We have added Bitcoin as an available payment option for our FlexPay (cam/dating sites) merchants. For recurring memberships this option will be rolled out soon.

[VKcams]

On VKcams.com tokens are available for Bitcoin.

[Barry-xlovecam]

The US IRS ruled all so called ''digital currency'' as personal property -- other world governments will most likely rule similarly.

Exchanges of personal property are not money transactions and any fluctuation in the personal property's value is subject to taxes. The accounting expense for small volumes would be prohibitive.

As example: if a Dollar or Euro you accept changes in its exchange value, and it is gained in commerce and not in FX trading, the change in value creates no tax liability of profit or loss.

[Mickey_]

Originally Posted by Barry-xlovecam

The US IRS ruled all so called ''digital currency'' as personal property -- other world governments will most likely rule similarly.

Exchanges of personal property are not money transactions and any fluctuation in the personal property's value is subject to taxes. The accounting expense for small volumes would be prohibitive.

As example: if a Dollar or Euro you accept changes in its exchange value, and it is gained in commerce and not in FX trading, the change in value creates no tax liability of profit or loss.

You, the merchant, are paid out by your processor in fiat currency.

[adultmobile]

Should Epoch add bitcoin in the payment options, that would mean automated support in lots of adult sites. Anyone asked Epoch if they plan support for bitcoin? They support Paypal for euro merchants (and thanks for this!), why not bitcoin.

[Barry-xlovecam]

Based on what exchange rate?

The is no Forex rates Bitcoins are not currency.

0.5% matters at our volume.

That is $5,000 per million. In reality, Bitcoin sales volume would be chump change for us.


Might as well accept magic beans or goats ...

[ChargeBacks]

Originally Posted by Barry-xlovecam

Based on what exchange rate?

The is no Forex rates Bitcoins are not currency.

0.5% matters at our volume.

That is $5,000 per million. In reality, Bitcoin sales volume would be chump change for us.


Might as well accept magic beans or goats ...

Dear Barry-Xlovecam,

I hope I am not misunderstanding you, but I think you are confused by this whole BitCoin payment thing. To be honest all lot of people are, even though it is pretty simple. At some point in time, the light bulb turns on in our brain, and we have that "ah - I get it now" moment.

When you sell cam credits for 20, 50 or 100 EUR or USD to the consumer, you will receive 20, 50 or 100 EUR or USD as payment. The only function payment processors like GoCoin have, is to convert the currency that the consumer chooses to pay in, into the currency you the merchant require.

How much are you paying in processing fees now, using the other traditional methods of payment? Maybe 7, 9, 11, 13%. Consider the fact that processing fees for digital currencies is about 1%.That is a HUGE difference Barry.

Last night I read that there is something like 7 BILLION dollars in Bitcoin that people are sitting on. That is a HUGE. They are eager to spend it somewhere.

Also think about the % or dollar amount of chargebacks that you have annually. Those losses don't exist on transactions connected to digital currencies. There is ZERO chargebacks.

Barry would you mind sending me your email address please. Mine is [email protected]. I might have it, but just in case. I would love to talk to you about recovering your company's existing chargebacks. We offer a no recovery - no cost solution.

Bye.

Sabrina

[Dirty F]

Originally Posted by Barry-xlovecam

Based on what exchange rate?

The is no Forex rates Bitcoins are not currency.

0.5% matters at our volume.

That is $5,000 per million. In reality, Bitcoin sales volume would be chump change for us.


Might as well accept magic beans or goats ...

Jesus Christ! Stop being an idiot and fucking read!

[Dirty F]

Originally Posted by JasonCollins

We have added Bitcoin as an available payment option for our FlexPay (cam/dating sites) merchants. For recurring memberships this option will be rolled out soon.

[Dirty F]

Originally Posted by adultmobile

Should Epoch add bitcoin in the payment options, that would mean automated support in lots of adult sites. Anyone asked Epoch if they plan support for bitcoin? They support Paypal for euro merchants (and thanks for this!), why not bitcoin.

Verotel is adding it. I'm sure the competition will follow soon. They'd be crazy not to.

[Barry-xlovecam]

Originally Posted by Dirty F

Jesus Christ! Stop being an idiot and fucking read!

Insults will get you no where but ignored.

[Dirty F]

Originally Posted by Barry-xlovecam

Insults will get you no where but ignored.

Fucking idiot.

[DumpManager]

Yeah I originally posted because from what I can see, there is a future of some kind in bitcoins or other digital currencies.

I was just wondering if people are using this new method for buying content. I have a few great ideas but not sure if it is worth pursuing just yet.

I was hoping to hear from some people running membership sites who have the payment option and if people are using it.

Also if it seems like the number of people using it is increasing.

Thanks everyone

[DumpManager]

Also, does anyone know this.

Do people who buy with bitcoins mostly buy on PC, or using mobile?
Interested because if targeting them on PC, flash can be used, whereas on mobile other methods would be best.

Anyone know?

[ruff]

Originally Posted by DumpManager

Also, does anyone know this.

Do people who buy with bitcoins mostly buy on PC, or using mobile?
Interested because if targeting them on PC, flash can be used, whereas on mobile other methods would be best.

Anyone know?

You've got both, brick and mortar and using mobile out and about. You don't have to use Flash, you can use html5. I think mobile will edge out desktop in the short run but eventually they will both even out. It's happening right now and it is happening very fast. Those that know, know. Those that don't, need to know.

[DumpManager]

Originally Posted by ruff

You've got both, brick and mortar and using mobile out and about. You don't have to use Flash, you can use html5. I think mobile will edge out desktop in the short run but eventually they will both even out. It's happening right now and it is happening very fast. Those that know, know. Those that don't, need to know.

I know what you mean, but I was specifically wondering about how they make the purchase.

Example, on a cams site a user who buys with bitcoins. Are they using the site / buying while on mobile, or desktop PC.

[ruff]

Originally Posted by DumpManager

I know what you mean, but I was specifically wondering about how they make the purchase.

Example, on a cams site a user who buys with bitcoins. Are they using the site / buying while on mobile, or desktop PC.

Ether way. You can use a mobile to scan the QR code on the site or you can manually submit payment using a company like Coinbase. I use a company called Pounce for Target, Bloomingdales and some others to purchase using my iphone at check out. If I understand you correctly. Mobile is the key though, it's going to end up acting like a smart credit card for everything. When you are out and about, it is going to have to be mobile because the idea is to make the purchase fast and seamless. On websites, mobile as the purchasing mechanism is less important.

[DAMNMAN]

Originally Posted by dirty f

the best thing that could happen in the adult industry and all you can do is make jokes about it because you don't have a clue what's going.
Do you have any idea at all how ignorant and dumb you people look to those who did take the time to learn about it and understand what an amazing technology it is?

+11111111111111111111111111111

[DAMNMAN]

Originally Posted by Mickey_

You, the merchant, are paid out by your processor in fiat currency.

Why anybody would pay a percentage of the bitcoin transaction to a processor for taking bitcoin is a crazy concept to me. Just get them in your wallet and keep the percentage for yourself. If you want fiat currency, just exchange them when needed. (Fees would then apply.)

Soon we can do it all in bitcoin.

[DAMNMAN]

Originally Posted by adultmobile

Should Epoch add bitcoin in the payment options, that would mean automated support in lots of adult sites. Anyone asked Epoch if they plan support for bitcoin? They support Paypal for euro merchants (and thanks for this!), why not bitcoin.

don't need processor, just integrate into nats and MPA3 straight into wallet.

[DAMNMAN]

Originally Posted by Dirty F

Verotel is adding bitcoin. I'm sure the competition will follow soon. They'd be crazy not to.

Just wait 'till western union starts using it and paying out in there locations. All bets are off.

$2.8 Million each baby.

[JasonCollins]

Originally Posted by DAMNMAN

Why anybody would pay a percentage of the bitcoin transaction to a processor for taking bitcoin is a crazy concept to me. Just get them in your wallet and keep the percentage for yourself. If you want fiat currency, just exchange them when needed. (Fees would then apply.)

Soon we can do it all in bitcoin.

We have partnered with BitPay to allow Bitcoin within our single order page. This gives your users one page to choose between credit cards, ACH or Direct Debit (EU), and now Bitcoin. The processing rate is only 1%, the exact same rate we pay BitPay.

By partnering with BitPay we have eliminated many risks involved in trading in Bitcoin, yet still allowing adult sites to use this new payment method. With BitPay the transaction is converted to USD at the time of sale and all merchants are paid in there specified currency(EUR, USD, or GBP), leaving the risks of the Bitcoin market behind.

We have seen a new market open up since moving in this direction, especially in regions where standard banking may be difficult. Or for users who really want an anonymous payment option.

[ruff]

Originally Posted by JasonCollins

We have partnered with BitPay to allow Bitcoin within our single order page. This gives your users one page to choose between credit cards, ACH or Direct Debit (EU), and now Bitcoin. The processing rate is only 1%, the exact same rate we pay BitPay.

By partnering with BitPay we have eliminated many risks involved in trading in Bitcoin, yet still allowing adult sites to use this new payment method. With BitPay the transaction is converted to USD at the time of sale and all merchants are paid in there specified currency(EUR, USD, or GBP), leaving the risks of the Bitcoin market behind.

We have seen a new market open up since moving in this direction, especially in regions where standard banking may be difficult. Or for users who really want an anonymous payment option.

And so it goes. Kind of quiet on GFY these days about Bitcoin. Everybody must be studying up on the subject. Finally.

[Dirty F]

Originally Posted by ruff

And so it goes. Kind of quiet on GFY these days about Bitcoin. Everybody must be studying up on the subject. Finally.

The people who want to make money are busy working on Bitcoin. Putting on their sites. Preparing and watching this thing getting bigger every day. The only posts about Bitcoin you see lately are from broke ass losers screaming BITCOIN GOES DOWN!!!! I TOLD YOU YOU SOOOOO UNICORNS DERP DERP!!
Guess who will be the winners here.

[Jel]

here's what makes me chuckle a bit - for years people have been saying how we need a micropayment system in adult, and now there is one.

2 months ago I had no experience od bitcoin, and being the complete tech-idiot that I am, assumed it was too complicated. Took me about 3 days, but I found out it isn't that complicated at all to get a wallet and so on, and make it secure, and how to get MultiBit installed on my comp. It's no more 'difficult' than people using a computer for the first time, the internet for the first time, a smartphone for the first time, and obviously you only have to look at where we are with those 3 things.

A micropayment system that has a tiny, tiny, transaction fee, and a form of payment where the end user can't get their bitcoin banged - a real concern for an unbelievably high amount of porn surfers (pornsites - don't give them your cc details, you'll get charged god knows what, completely untrustworthy, etc).

Yet savvy business owners here still don't get how accepting bitcoins as payment works, and think you charge in bitcoins instead of what actually happens (you charge in dollars and receive the bitcoin equivalent, making the btc/usd exchange irrelevant).

A micropayment system where the end user feels protected from banging or fraud, where you can't get any chargebacks, and yet people are more worried about the fact you can't automatically rebill. Not that the customer *might* not get a 2nd month, but assuming the customer *definitely* won't get a 2nd month or more.

Whether it's bitcoin that stays the distance in the end or not, how, at this moment, is btc not a good thing for the industry?

[adultmobile]

Originally Posted by DAMNMAN

don't need processor, just integrate into nats and MPA3 straight into wallet.

Not everyone uses nats/mpa3. Integrating bitcpay/gocoin it takes not much, still programs it can be lazy. Verotely adding bitcoin is cool. Same it can do Epoch and others - this way, programs have to do nothing, and starts to support bicoin. For example Epoch time to time adds the most exotic payment methods (prepaid vouchers, direct banking, even paypal), and this it happens automagically for programs.
If a big biller like epoch and/or ccbill adds bitcoin this way (and could take 10-15% fee making even profit on it), most programs will support bitcoin automatically, overnight. Then even lazy programs will be able to check in stats how many bitcoin sales %, like you can do for visa, mc, prepaid voucher, directbank separately.
Paypal support it was a big thing - for europe (only place wher esupported) paypal is as big as mastercard, second only to VISA - it been a big addition.

[ruff]

Originally Posted by adultmobile

Not everyone uses nats/mpa3. Integrating bitcpay/gocoin it takes not much, still programs it can be lazy. Verotely adding bitcoin is cool. Same it can do Epoch and others - this way, programs have to do nothing, and starts to support bicoin. For example Epoch time to time adds the most exotic payment methods (prepaid vouchers, direct banking, even paypal), and this it happens automagically for programs.
If a big biller like epoch and/or ccbill adds bitcoin this way (and could take 10-15% fee making even profit on it), most programs will support bitcoin automatically, overnight. Then even lazy programs will be able to check in stats how many bitcoin sales %, like you can do for visa, mc, prepaid voucher, directbank separately.
Paypal support it was a big thing - for europe (only place wher esupported) paypal is as big as mastercard, second only to VISA - it been a big addition.

CCBill and Epoch can try to get their 15% cut, but I'm not going to pay it. High risk might be a reason for such big percentages with credit cards, but Bitcoin eliminates that, so they may want to get real about a proper cut. It's new world order now. CC companies will need to adapt or die.

[Barry-xlovecam]

Originally Posted by Barry-xlovecam

...

Ripple wants to be the new world central bank.

https://ripple.com/partners/
https://www.ripplelabs.com/investors/

Interestingly, Google is one of the listed investors.

http://www.stlouisfed.org/dialogue-w...and-beyond.cfm
http://www.stlouisfed.org/dialogue-w...in-3-31-14.pdf

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