Business Bitcoin Payments for US based and other Affiliates - GoFuckYourself.com

Barry-xlovecam · 01-11-2017, 11:27 AM

How many affiliates now would (hypothetically) want payments from Sponsors made to their Bitcoin wallets?

Is this a viable option?

lezinterracial · 01-11-2017, 12:28 PM

I would love it.

I think the problems might effect the sponsor too much though.
1. Fraud
2. Tax time. How do you report on a 10-99?

Barry-xlovecam · 01-11-2017, 12:44 PM

W1099 -- the money the Bitcoin was worth at the time of transfer -- for tax purposes it's a barter commodity.

There is no fraud. The sponsor pays to the Bitcoin wallet number the affiliate supplies -- it's a peer to peer transaction. The sender's wallet records the wallet ID the payment was sent to --right?

marlboroack · 01-11-2017, 12:45 PM

Wouldn't you wanna buy them when they are low instead with the money you have made?

Barry-xlovecam · 01-11-2017, 02:03 PM

Bitcoin is a payment currency not an investment. Payment amounts as based on a real currency -- dollars or euros. You just buy Bitcoin as you need them as far as I am concerned as a payor. My customers rarely buy with Bitcoin.

lezinterracial · 01-11-2017, 09:50 PM

Quote:

Originally Posted by Barry-xlovecam

There is no fraud. The sponsor pays to the Bitcoin wallet number the affiliate supplies -- it's a peer to peer transaction. The sender's wallet records the wallet ID the payment was sent to --right?

Yes, But I am saying that if an affiliate generated some fake sales with other forms of payment (ie paypal, credit card) and you paid out with bitcoin before the chargeback, you as the sponsor would be fucked.

Maybe a wallet that the sponsor controls could be on hold for 1 month before bitcoin payments are made.

PornDiscounts-V · 01-11-2017, 10:24 PM

I would not. If you paid me yesterday and I didn't want to spend it until today I just lost a quarter of my payment.

Barry-xlovecam · 01-12-2017, 07:50 AM

Quote:

Originally Posted by lezinterracial

...

Maybe a wallet that the sponsor controls could be on hold for 1 month before bitcoin payments are made.

We would have to consider adjusting our holdback period for bitcoin payments to new affiliates.

Quote:

Originally Posted by vvvvv

I would not. If you paid me yesterday and I didn't want to spend it until today I just lost a quarter of my payment.

Tru dat

-------------

The response to this thread has been very light -- some affiliates are at Internext that may be part of the reason but the pump-and-dump nature of Bitcoin payout values is a real issue.

More hypothetically; to do with the new Trump administration's threat to start needless harassment of people in the adult industry.

Bitcoin offers anonymity. Still remembering the porn mini-pogrom of GW Bush and AG Gonzo against the Adult Industry -- this might be a good way to tell AG Sessions where not to go.

It's not money laundering if you pay the taxes on the income and any gain or loss.

NOT LEGAL ADVICE TO US CITIZENS

BigFurry · 01-12-2017, 08:06 AM

Quote:

Originally Posted by lezinterracial

Yes, But I am saying that if an affiliate generated some fake sales with other forms of payment (ie paypal, credit card) and you paid out with bitcoin before the chargeback, you as the sponsor would be fucked.

Maybe a wallet that the sponsor controls could be on hold for 1 month before bitcoin payments are made.

That's why some sponsors use a NET30 system, with delayed payouts. It's enough time to do fraud checks.

This is a concern for other forms of payments too really, not just Bitcoin.

BigFurry · 01-12-2017, 08:07 AM

I'm not using Bitcoin yet, but if some big programs started supporting it, I'd probably happily switch over to it.

Especially at programs that don't have Paxum.

Barry-xlovecam · 01-13-2017, 05:45 AM

Another day and another Bitcoin value change

Bitcoin ATMs World Wide

I don't want to beat a dead horse -- If there is no real interest now ...

Brian mike · 01-13-2017, 06:11 AM

we use bitcoin

01-11-2017, 11:27 AM	#1
Barry-xlovecam It's 42 Industry Role: Join Date: Jun 2010 Location: Global Posts: 18,083	Bitcoin Payments for US based and other Affiliates How many affiliates now would (hypothetically) want payments from Sponsors made to their Bitcoin wallets? Is this a viable option?

01-11-2017, 12:28 PM	#2
lezinterracial Confirmed User Industry Role: Join Date: Jul 2012 Posts: 2,920	I would love it. I think the problems might effect the sponsor too much though. 1. Fraud 2. Tax time. How do you report on a 10-99? __________________ Live Sex Shows Best Adult Content to Promote

01-11-2017, 10:24 PM	#7
PornDiscounts-V Confirmed User Industry Role: Join Date: Oct 2003 Location: L.A. Posts: 5,739	I would not. If you paid me yesterday and I didn't want to spend it until today I just lost a quarter of my payment. __________________ Blog Posts - Contextual Links - Hardlinks on 600+ Blog Network * Handwritten * 180 C Class IPs * Permanent! * Many Niches! * Bulk Discounts! GFYPosts /at/ J2Media.net

01-11-2017, 12:44 PM	#3
Barry-xlovecam It's 42 Industry Role: Join Date: Jun 2010 Location: Global Posts: 18,083	W1099 -- the money the Bitcoin was worth at the time of transfer -- for tax purposes it's a barter commodity. There is no fraud. The sponsor pays to the Bitcoin wallet number the affiliate supplies -- it's a peer to peer transaction. The sender's wallet records the wallet ID the payment was sent to --right?

01-11-2017, 12:45 PM	#4
marlboroack So Fucking Banned Industry Role: Join Date: Jul 2010 Location: ☣ Posts: 9,327	Wouldn't you wanna buy them when they are low instead with the money you have made?

01-11-2017, 02:03 PM	#5
Barry-xlovecam It's 42 Industry Role: Join Date: Jun 2010 Location: Global Posts: 18,083	Bitcoin is a payment currency not an investment. Payment amounts as based on a real currency -- dollars or euros. You just buy Bitcoin as you need them as far as I am concerned as a payor. My customers rarely buy with Bitcoin.

01-12-2017, 08:07 AM	#10
BigFurry Confirmed User Industry Role: Join Date: Nov 2003 Posts: 1,509	I'm not using Bitcoin yet, but if some big programs started supporting it, I'd probably happily switch over to it. Especially at programs that don't have Paxum.

01-13-2017, 05:45 AM	#11
Barry-xlovecam It's 42 Industry Role: Join Date: Jun 2010 Location: Global Posts: 18,083	Another day and another Bitcoin value change Bitcoin ATMs World Wide I don't want to beat a dead horse -- If there is no real interest now ...

01-13-2017, 06:11 AM	#12
Brian mike STAND OUR GROUND Industry Role: Join Date: Oct 2014 Location: Canada Posts: 7,089	we use bitcoin