Bitcoin Payments for US based and other Affiliates

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  • Barry-xlovecam
    It's 42
    • Jun 2010
    • 18083
    #1

    Business 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?
    Tags: None
    • lezinterracial
      Confirmed User
      • Jul 2012
      • 3117
      #2
      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?
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        • Barry-xlovecam
          It's 42
          • Jun 2010
          • 18083
          #3
          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?

            Comment

            • marlboroack
              So Fucking Banned
              • Jul 2010
              • 9327
              #4
              Wouldn't you wanna buy them when they are low instead with the money you have made?

                Comment

                • Barry-xlovecam
                  It's 42
                  • Jun 2010
                  • 18083
                  #5
                  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.

                    Comment

                    • lezinterracial
                      Confirmed User
                      • Jul 2012
                      • 3117
                      #6
                      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.
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                        • PornDiscounts-V
                          Confirmed User
                          • Oct 2003
                          • 5744
                          #7
                          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
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                            • Barry-xlovecam
                              It's 42
                              • Jun 2010
                              • 18083
                              #8
                              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.

                              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

                                Comment

                                • BigFurry
                                  Confirmed User
                                  • Nov 2003
                                  • 1574
                                  #9
                                  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.

                                    Comment

                                    • BigFurry
                                      Confirmed User
                                      • Nov 2003
                                      • 1574
                                      #10
                                      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.

                                        Comment

                                        • Barry-xlovecam
                                          It's 42
                                          • Jun 2010
                                          • 18083
                                          #11
                                          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 ...

                                            Comment

                                            • Brian mike
                                              #Alberta51
                                              • Oct 2014
                                              • 8735
                                              #12
                                              we use bitcoin
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