Quote:
Originally Posted by jscott
Yup, this is a problem crypto/Bitcoin solves, it works perfectly for Chaturbate/Onlyfans type sites, but maybe not too great (yet) for recurring member sites, this could be the thing that pushes adult into adopting crypto/Bitcoin for payments, that's probably why the bigger sites already started to implement it.
I'm not yet sure what can be used with BTC & Lightning Network to get recurring payments, I think it would need a monthly email confirmation to the customer to submit payment manually, not the best choice, but it would be an option that could keep many adult companies afloat.
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The adult business model for many is more or less drunk people signing up and forgetting they are paying 19.95 a month. Pay sites will likely lose 90 percent of their business if VISA and Mastercard got out of adult.
There is no way to get reoccurring revenue payments from crypto. It is specifically designed so that cant happen. Good luck with retention when you have to send a reminder email every month.
Even Cam sites that rely more on a more "pay as you go" model will be absolutely destroyed if this happened.
I think perhaps the biggest reason they wont pull out of adult is I dont think Visa and Mastercard want to be in the business of being a monopoly, while at the same time ,telling adults what they can and cant buy when it is perfectly legal for their customers.
Also, how could you tell adult webmasters they cant use VISA or Mastercard but game platforms like powerhouse Steam it is perfectly fine to sell adult games?