Bitcoin Boys: What are your thoughts on accepting Crypto as a payment for adult?

[Pink24]

I am just trying to get my head around this.
As a surfer using Bitcoin to pay for adult sounds great because I don't have to worry about my wife finding my credit card statement to "Midget Sex 101 pty". As a webmaster it's great because I don't have to worry about chargebacks.

But, as we know such a large parts of adult are rebills. How does that work for bitcoin?

Is there any solution?

[faperoni]

The only solution is to make your site so amazing they keep throwing money at you.

[Ferus]

I would never recommend anyone doing that, because when you need to convert that Crypto to cash, and start spending the cash (if large ammount) you will have a hard time explaining where it came from, and (at least here in EU) that is a big problem. Anti money laundering procedures get tighter and tighter each year, and I would not risk it.

You can always sell it to someone in organized crime that need the money, but then you really get the kind of attention you dont like


If you are a small-timer/amateur ($10.000 a year or below) - then maybe

[Pink24]

I would never recommend anyone doing that, because when you need to convert that Crypto to cash, and start spending the cash (if large ammount) you will have a hard time explaining where it came from, and (at least here in EU) that is a big problem. Anti money laundering procedures get tighter and tighter each year, and I would not risk it.

You can always sell it to someone in organized crime that need the money, but then you really get the kind of attention you dont like


If you are a small-timer/amateur ($10.000 a year or below) - then maybe

I am not sure I agree with this.
All our bitcoin tranactions are fully recorded and audited. There is about the same chance of bitcoin going missing as cash.
Anyway, the point of the question isn't about anti money laundering it's about how to do recurring billing.

[candyflip]

I will take crypto as a payment for anything.

[Sergio]

I would never recommend anyone doing that, because when you need to convert that Crypto to cash, and start spending the cash (if large ammount) you will have a hard time explaining where it came from, and (at least here in EU) that is a big problem. Anti money laundering procedures get tighter and tighter each year, and I would not risk it.

You can always sell it to someone in organized crime that need the money, but then you really get the kind of attention you dont like


If you are a small-timer/amateur ($10.000 a year or below) - then maybe

So it's impossible to get cash from crypto exchanger to your private bank account in europe now?

[k0nr4d]

So it's impossible to get cash from crypto exchanger to your private bank account in europe now?

Absolutely not. In Poland we have ATM machines for BTC. You send your BTC, You get back a QR code, you walk up to machine, scan QR code and it spits out cash. Up to 15k euro with no ID or verification.

[Cremz]

Absolutely not. In Poland we have ATM machines for BTC. You send your BTC, You get back a QR code, you walk up to machine, scan QR code and it spits out cash. Up to 15k euro with no ID or verification.

i should move there

[Ferus]

I am not sure I agree with this.

You dont have to, but my answer is still I would not recommend doing it

[pimpmaster9000]

its been 11 years...nobody is using it...shut up if you want to say "I use it all the time" fuck off you dont if you pay this one dude 2 euros LOL...its awfully inconvenient for 99.9% of the population...

[jscott]

its been 11 years...nobody is using it...shut up if you want to say "I use it all the time" fuck off you dont if you pay this one dude 2 euros LOL...its awfully inconvenient for 99.9% of the population...

Inconvenient? then fuckoff. You clicked this Bitcoin thread, it says "bitcoin" right there in the title.
u lil disgruntled?

oh, and , I use it all the time

[AmeliaG]

It is awesome and you just declare the income. The frustrating part is that the companies with tidy ways to set up payment acceptance are all (in my experience so far, your mileage may vary) either short lived or shady.

I wish someone would just sell an easy reliable off-the-shelf script to accept Bitcoin to a specified wallet and write passwords to a password file.

[anondev]

Forget about BTC. It's not suitable for payments due to high fees, slow transactions and spoiled codebase.

I don't think there are a lot of idiots who will pay 15$-50$ fees for 1$ sign up and will wait days for transaction confirmations to get paysite access. So, forget about this Bitcoin shit as payment option.

Almost any other crypto is pretty good idea, but people still not ready to use it.

[sarettah]

It looks like there are plenty of scripts out there that would allow you to accept bitcoin.

At least 1 of them says it has an option to create recurring invoices and interfaces with coinbase wallets for automatic payments.

I don't know if any of them are any good.

https://codecanyon.net/category/php-...coin%20payment

.

[Pink24]

Forget about BTC. It's not suitable for payments due to high fees, slow transactions and spoiled codebase.

I don't think there are a lot of idiots who will pay 15$-50$ fees for 1$ sign up and will wait days for transaction confirmations to get paysite access. So, forget about this Bitcoin shit as payment option.

Almost any other crypto is pretty good idea, but people still not ready to use it.

This post just goes to prove that some people have no idea what they are talking about.

The fees involved with bitcoin transactions are tiny. You can literally send millions of dollars for less than a buck.
If you are talking micro transaction like a $1 then the fees are fractions of a penny.

The costs arise when you want to convert your bitcoin to USD or some other fiat currrancy but this doesn't affect the end user.

Confirmation times are also near instant. It's upto you, as a site operator to decide the risks. Sure, you could wait for 10+ confirmations (just to be sure) or you could just wait for 1, or possibly 2. I doubt many would double spend to save a couple of dollars.

[fuzebox]

No recurring makes it unattractive for me.

People who are used to transacting with BTC are not the same people who pay for porn.

Of course there are outliers, and you could offset the loss in rebills by charging more with BTC, but that doesn't change the fact that your most profitable customers only pay with credit card.

[Pink24]

It looks like there are plenty of scripts out there that would allow you to accept bitcoin.

At least 1 of them says it has an option to create recurring invoices and interfaces with coinbase wallets for automatic payments.

I don't know if any of them are any good.

https://codecanyon.net/category/php-...coin%20payment

.

I buy bitcoin weekly with coinbase. It enables me to not have to worry about price fluctuations.
I think we just need a good, verifiable solution from a big name like Coinbase or PayPal.

[jscott]

Forget about BTC. It's not suitable for payments due to high fees, slow transactions and spoiled codebase.

I don't think there are a lot of idiots who will pay 15$-50$ fees for 1$ sign up and will wait days for transaction confirmations to get paysite access. So, forget about this Bitcoin shit as payment option.

Almost any other crypto is pretty good idea, but people still not ready to use it.

Any other crypto is as good as normal bank card or Paypal, centralized and less secure than Bitcoin. Lightning Network isn't adopted much (yet) but it works and works great.

You lie about BTC fees ($15-$50 lol) & you generally sound terribly dumb.

[AmeliaG]

It looks like there are plenty of scripts out there that would allow you to accept bitcoin.

At least 1 of them says it has an option to create recurring invoices and interfaces with coinbase wallets for automatic payments.

I don't know if any of them are any good.

https://codecanyon.net/category/php-...coin%20payment

.

Thanks so much! I used to look at that site and hotscripts all the time and get ideas to implement all sorts of cool little bells and whistles and now I tend not to even think of them. Super appreciate the suggestion

[anondev]

This post just goes to prove that some people have no idea what they are talking about.

The fees involved with bitcoin transactions are tiny. You can literally send millions of dollars for less than a buck.
If you are talking micro transaction like a $1 then the fees are fractions of a penny.

Confirmation times are also near instant. It's upto you, as a site operator to decide the risks. Sure, you could wait for 10+ confirmations (just to be sure) or you could just wait for 1, or possibly 2. I doubt many would double spend to save a couple of dollars.

Lol :-) "goes to prove that some people have no idea what they are talking about." you wrote this is about yourself? :-)

I have the proof. What do you have? Only this lie mantra about "instant" and cheap transactions?
Have you ever used BTC for payments or you only store it on exchange to make profit?

Okay, lets check the proof: jochen-hoenicke.de/queue/#0,30d this is monthly fee/mempool tx chart. It show us that BTC mempool is always "busy" with non-confirmed transactions up to 90000 tx and fees up to 120 sat/B in some days. So, median fee for this month is near 3$ per transaction (some people pay more to get it confirmed quickly, but never instant, because BTC not supported instant payments.

Current next block fee of the time of writing is $3.44 per transaction. Again, I understand that there are some idiots who would pay additional $3.44$ fee for one buck sign up and will wait day(s) to get enough confirmations to get access, but I don't think that there are a lot of them :-) If you are ready to overpay, then do not think that there are a lot of fools. Of course, we have some. But not a lot



I showed you overwhelming evidence, what evidence do you have about instant lol and less that dollar transactions?

[anondev]

Any other crypto is as good as normal bank card or Paypal, centralized and less secure than Bitcoin. Lightning Network isn't adopted much (yet) but it works and works great.

You lie about BTC fees ($15-$50 lol) & you generally sound terribly dumb.

Lightning Network not ready and never will. And to use it you first must add funds onchain (lol) with high fees. Of course, right now it's "only" 3$ fee per transaction, but you can trust me that when your users will begin to use it for payments (they never will) then average transactions fee will grow again to 50$-100$ per transaction or more. You can look at my evidence in the previous post if you are not dumb enough you will switch the chart to "all time" to view and check the history about fees and stuck transactions in mempool. There have been times already with 50$ and more fee per transaction for weeks. It's only matter of time when this will happen again and current 3$ fee will increase to 50-100$ fee again. Anyway, 3$ fee per transaction is expensive enough to not use it for people who have brain.


And i can believe that some fools exits who are ready to overpay this fee for there sign ups with BTC shitcoin, but I don't know any who will wait day(s) to receive enough confirmations to join paysite, because mempool is busy :-)

[jscott]

You said $15-50 fees, now you say $3, make up your mind.

Also, you link the fraud Craig Wright on your link list, as an "important person" that speaks volumes on your intelligence levels, nearing retardation. Have luck friend

[anondev]

You said $15-50 fees, now you say $3, make up your mind.

Also, you link the fraud Craig Wright on your link list, as an "important person" that speaks volumes on your intelligence levels, nearing retardation. Have luck friend

Yeah, I said not only $15-50 fees, but possible way more. It's only today discount and you customer want pay only $3 fee for one dollar transaction . And it's amazing :-) You can start integration now with the same slogan: "today only $3 fee if you are lucky". Because any Bitcoin (BTC) integration must start with integration of fee calculator e.g. from this link buybitcoinworldwide.com/fee-calculator/ (yeah, amazing fools money have calculator to count how much fool must pay now).

Assume our user has 4 inputs in his wallet and want access to paysite RIGHT NOW (of course, it's not possible, but at least in 20 minutes to get first confirmation (without any guaranty), then 1-6 confirmations to get "paid" status at gateway like bitpay. 20 mins + 6x10mins = at least 80 mins if he is lucky enough )

Okay. Our fool, sorry, customer want receive his access in 80 minutes and ready to wait more. He sit with his dick in his hand and calculate fees that he must pay and what does he see?



This amazing 15$ fee as said. And it's in discount today, because soon it will be 50$-100$ and more

Good luck guys with such shitcoin money integration. Again, remember: any Bitcoin BTC Core integration start with fee calculator integration.

p.s. are you about bitcoinbookmarks.com ? Of course, Craig Wright is important as any other good or bad well-known person.

p.p.s. Do not take it into your heart. I want only aware you guys that Bitcoin Core captured now with block stream corp. and they made everything to block it as money and turn it into non-usable coin. They broke the code, they control main bitcoin channels with censorship and because of this it's not possible to use this corp. shitcoin for payments. the truth is difficult to accept, but it is so

[jscott]

p.p.s. Do not take it into your heart. I want only aware you guys that Bitcoin Core captured now with block stream corp. and they made everything to block it as money and turn it into non-usable coin. They broke the code, they control main bitcoin channels with censorship and because of this it's not possible to use this corp. shitcoin for payments. the truth is difficult to accept, but it is so

You reak of scam. Are you pushing BCH or BSV?

[anondev]

You reak of scam. Are you pushing BCH or BSV?

What does it matter which I prefer? This thread is about Bitcoin which not possible to use, because of high fees. And no, I do not sympathize CW or any other person on crypto space. I don't have idols

I started to participate in this thread with clear statement: there are a lot of coins better that current non usable BTC hijacked by block stream corp.

[jscott]

This thread is about Bitcoin which not possible to use, because of high fees

Bitcoin isnt usable for the high $15-50 fees that you just lied about.

Dude, u lie, you give exposure to known frauds... what else?

[jscott]

Confirm you promite lies, scams... what is the altcoin u promote just say it, quit being a bitch

[ZENRA]

No regular subscriber uses it, most payment processors don't offer it for a very good reason (AML), most banks in the west will shut down your business account if they find out you're dealing with it, no information provided about subscribers (safe to say, higher chance of a tech-heavy user with nefarious intentions signing up with BTC than a regular person), and probably many more reasons.

[anondev]

Bitcoin isnt usable for the high $15-50 fees that you just lied about.

Dude, u lie, you give exposure to known frauds... what else?

Lol, enough for me. I'm already show you big amount of evidence about high fees.
You don't show me any. but continue posting that that I'm lying, not you. I'm happy that everyone who will visit this thread will clearly see my evidence and zero evidence from you to make there own conclusions.

[anondev]

Confirm you promite lies, scams... what is the altcoin u promote just say it, quit being a bitch

Got it. You don't like any "altcoins", because you have full bags of non usable shitcoin BTC with high fees and you want to mislead members here to buy Bitcoin BTC to increase BTC price and after that sell your BTC bags to fools to get money, right?

Anybody here can guess who is scammer there :-) You are promoting non usable BTC or I'm who does not advertise any coins at all, but only share evidence about BTC

You have nothing to refute my statement about BTC dude, because it's true and you want only to mislead newbies.

[Relic]

I'm already show you big amount of evidence about high fees.

I've sent thousands of btc transactions with a ฿0.000025 fee.

[anondev]

I've sent thousands of btc transactions with a ฿0.000025 fee.

And I, in the past. But time changed everything and now BTC coin is under control of centralized company block stream. There are links in the thread to check current high fees of BTC and calculate everything. Check BTC fee history, fee median. Don't trues me, just check yourself.

Guess what Blockstream do? Yes, BLOCK the STREAM of digital money.

[jscott]

The blocktream attack, hes "one of those guys", absolute garbage

Usually these are lowlifes pushing a fake bitcoin scam beware guys

[leines]

I am just trying to get my head around this.
As a surfer using Bitcoin to pay for adult sounds great because I don't have to worry about my wife finding my credit card statement to "Midget Sex 101 pty". As a webmaster it's great because I don't have to worry about chargebacks.

But, as we know such a large parts of adult are rebills. How does that work for bitcoin?

Is there any solution?

Bitcoin is a push payment and therefore not suitable for recurring payments.

We have implemented a subscription solution for Wordpress using Bitcoin.

The customer receives an email every month to be asked to pay again.

This is of course not suitable for a membership site.

Don't be discouraged by the discussion about fees and the duration of a transaction.

You can accept a customer's payment as paid after a few seconds. The final credit may take a little longer, but this is not a problem.

The fees are paid by the end customer / payer and are "irrelevant" for you as a merchant.

We recommend using a BTCPay server for Bitcoin payment processing. There you pay no fees, there is no KYC check or business model verification.

On the page Coincharge.io we have written down our experiences with the use of the BTCPay server.

There you will find numerous application examples and DIY instructions on how to integrate Bitcoin into your system.

Be it to accept Bitcoin or to pay affiliate commissions or actors and camgirls with Bitcoin.

If you need help, then write to me. I would be happy to help you integrate Bitcoin and Lightning as a payment method.

[D Ghost]

Too anonymous for paysites who need to track content pirates.

Bitcoin is great as a store of value to hedge against rising inflation from massive printing of Keynesian funny money.

[pimpmaster9000]

Inconvenient? then fuckoff. You clicked this Bitcoin thread, it says "bitcoin" right there in the title.
u lil disgruntled?

oh, and , I use it all the time

nice wild fluctuations in price...it is so convenient...

[beavr]

We have crypto for years. It's 3% of our payments, mostly bitcoin. It's a decent amount in monetary value, the ratio is about the same over the years.

I would be happy to see more users using it. Not sure how can we incentivise crypto

[jscott]

nice wild fluctuations in price...it is so convenient...

I zoom out and see no fluctuations. Only a steady line up

2010 – $0.01
2011 – $0.30
2012 – $4
2013 – $65
2014 – $260
2015 – $150
2016 – $350
2017 – $780
2018 – $3,122
2019 – $3,322
2020 – $3,850

BTC yearly lows, notice a trend?

To you daily price freakers, get fucked

[jscott]

We have crypto for years. It's 3% of our payments, mostly bitcoin. It's a decent amount in monetary value, the ratio is about the same over the years.

I would be happy to see more users using it. Not sure how can we incentivise crypto

That's awesome beavr. And in the future when BTC is in most peoples SOV portfolio, and Lightning Network is widely adopted, you can expect a LOT higher price & volume.

[pimpmaster9000]

I zoom out and see no fluctuations. Only a steady line up

2010 – $0.01
2011 – $0.30
2012 – $4
2013 – $65
2014 – $260
2015 – $150
2016 – $350
2017 – $780
2018 – $3,122
2019 – $3,322
2020 – $3,850

BTC yearly lows, notice a trend?

To you daily price freakers, get fucked

OK I will not trust my lying eyes, I will trust your odd 11 year chart that completely disregards the reality of doing business with an unstable as fuck currency that is overly complicated for 99% of humanity...hence nobody is using it after 11 years...

[CaptainHowdy]

Confirm you promite lies, scams... what is the altcoin u promote just say it, quit being a bitch

[jscott]

OK I will not trust my lying eyes, I will trust your odd 11 year chart that completely disregards the reality of doing business with an unstable as fuck currency that is overly complicated for 99% of humanity...hence nobody is using it after 11 years...

At this point if you can't learn how to use Bitcoin and wallets, self custody, QR codes, inflation & economics, then you are probably losing at life already, you don't need Bitcoin to realize that.

[NewbieNudes]

I can't believe the OP is writing this at the end of 2020. This was topic for discussion back in 2011 (using bitcoins for payments) Bitcoin had promise then, but now, it is a store of value not a medium of exchange. The time to transact, fees, difficulty of getting fiat in and out are all barriers.

Here is where I asked this very question back in 2011.

https://gfy.com/fucking-around-and-b...egulation.html