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Originally Posted by Barry-xlovecam
[INDENT]
Interesting point but the "banking situation" is not the problem really. Individual transaction fees are too high for micro payments.
It is possible to bypass the credit card transaction fees by creating a "wallet" with internal transfers. The real problem is FinCEN and US Treasury Department regulations -- a lot of this activity is also regulated by international treaty.
The 1st International Bank of Porn won't be opening branch offices soon ...
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That is exactly what I meant. It's a combination of many things. If we had even Paypal (other than with Epoch in selected markets with 15% fees) it could change things for many of us. I have some sites with extremely high user engagement and goodwill. I know I could get some decent donations or charge say 10 cents a week and make more from that than I currently do from paysite affiliate programs. But Paypal doesn't allow it and if I try it I'm risking my circa 2002 Paypal account. I tried bitcoin but unfortunately the proliferation of bitcoin users is pretty low. Maybe 0.5% of my visitors have bitcoins.
Just think about it. If you get unique 100,000 visitors a month and you can get just 10% of them to pay $1 a month that would be $10,000 a month. But for a paysite affiliate in 2013 100,000 unique visitors a month usually means 1-5 sales (do the math with common ctr and ratio if you don't believe me). Micro-transactions and alternative payment methods are the next boom waiting to happen for adult. And it could be a tremendous benefit for people at all levels of the industry.