Allow me to begin by saying that, while this blog post is about payments, in general, on adult websites, I have an agenda to put an emphasis on paying with Bitcoin and cryptocurrencies. I want to hear your feedback on this subject, either in reply to this blog entry or directly, by email.
Payments on adult sites (in this case, for phone sex services) can be tricky. Credit cards leave trails, though they may be discrete. They come with fees, red tape and weighty regulations. These can affect both merchant and buyer in a variety of ways, and they carry the risk of chargebacks for the merchant. Chargebacks result in long-term consequences which affect both the client and the merchant. A Popular and common solution, are Visa/MasterCard gift cards, which give back anonymity and are slightly easier to use as they are not directly associated with a specific address or name, but still many find them lacking in expediency at checkout.
After all, when you’re in the mood… you want checkout to be fast!
Sites such as PayPal, are strictly against being used on adult sites. Were you to use PayPal on my own PSO site, and were PayPal to discover this, they would shut down my account posthaste and keep any currency I might presently have stored on their website. Additionally, PayPal offers no anonymity, no privacy, to either side. All personal information is displayed readily. I don’t want this for myself or for my clients.
Many other payment services are lacking in privacy. Many leave susceptible to fraud.
I’ve been offered payments by direct bank wire, Western Union, PayPal, and a variety of other sources… As I’m sure you can well imagine! Many of these payment options put my own safety and personal information in jeopardy. Which, obviously, is one of the biggest reasons why I don’t accept them.
Now, moving on to the subject of Bitcoin…
Over the past decade, a new form of currency has been created and nurtured. Cryptocurrencies (encrypted currencies)–primarily Bitcoin–are an exciting, confusing, mostly-anonymous, and expedient means of payment. It comes with its own risks and rewards. It also requires a solid, basic understanding in order to use it properly. That said, it could possibly be the most ideal form of payment on adult websites such as my own. In the past, taking Bitcoin as payment on PSO sites, has failed, primarily due to a lack of understanding. Now that the word ‘Bitcoin’ is becoming more commonplace in society, it might be time to try again…
I want to know what you think! I want to read comments and thoughts, and I want those of you who might be interested in playing with Bitcoin, to do some research and draw your own personal conclusions. Personally, I am a big fan of Bitcoin! But when it comes to a person’s own finances, each of us needs to draw their own conclusions. Hence, take their own risks. I am going to include links in this blog to some potentially helpful sources of information. Feel free to go further however.
I appreciate my readers and my clients, and I want to thank you for taking the time to read this blog entry. I hope to hear from some of you!
One last comment on my part… Even if you have no interest in purchasing phone sex sessions, or any interest in cryptocurrency investments, I still encourage you to dip your toe in the water and learn! This is fascinating stuff! And it has the potential to be a big game changer for the financial workings of our global community. We live in a time of big changes, which happen fast. Don’t hesitate to stay well-informed.
A few places to start…
– Here is an example of using Bitcoin & the Bitpay Wallet:
How to Use a Bitcoin Wallet – Bitpay
– Begin obtaining a well-rounded understanding of the basics…start from the beginning!
Bitcoin Basics (Part One)
– Want more background information? Varying perspectives?
The Bitcoin Phenomenon