How to pay with Bitcoin in the erotic industry
This post is also available in: German
The erotic industry is known for being one of the first to use new innovative technologies on the Internet. That’s why it’s worth taking a look at this industry to see how services and applications are billed at Bitcoin erotic sites.
Considering that international studies follow, about 30 of the Internet traffic is generated by erotic content. Every month up to 450 million visitors visit erotic sites and are up to 30 women. Then the erotic industry for Bitcoin is likely to be a turbo in user acceptance.
For the user, paying by Bitcoin on erotic sites offers some advantages:
- When registering on erotic sites, only an email address must be provided
- It is not necessary to transfer sensitive bank or credit card data to an unknown provider
- Bitcoin payments are one-time payments and an unwanted subscription or unauthorized debits are not possible
- As a user, you remain completely anonymous to the erotic provider
- No credit card statement or bank statement reveals that you paid on a site.
providers from the USA in particular have started to provide Bitcoin erotic offer at an early stage.
One of the largest American erotic providers porn.com, introduced payment by Bitcoin for the premium service in January 2014.
Based on the experience gained, six months after the introduction, the payment by Bitcoin was considered a great success.
Most Bitcoin payers came from the US, England and Canada. This is not surprising in that Porn.com’s offer is aimed particularly at an English-speaking audience.
In addition to Bitcoin, porn.com now also offers other Cryptocurrencies such as Wankcoin, Litecoin and Dogecoin.
The end customer does not have to provide any further data about himself other than his e-mail address. Membership runs for a defined period of time and cannot be renewed automatically.
Also in January 2014, Naughty America already included Bitcoin as a payment method.
About 10 of the sales were already made by bitcoin after six months. The customers who pay by bitcoin come to 57.5 from North America and 10 from Europe.
Naughty America also includes more than 30 other Bitcoin erotic sites that have successively introduced Bitcoin payments.
Naughty America CEO Andreas Hronopoulos is convinced of the success of Bitcoin. One hopes for particular success in countries where the spread of payment methods such as credit cards is not so widespread and refers to the example of India in an interview at Coindesk.
The largest internet erotic provider MindGeek (formerly Manwin) now accepts Bitcoin on their pages. One of the first Bitcoin erotic sites is “I know that girl” and comes from the Mofos.com network within the MindGeek Group.
MindGeek’s much better-known sites such as Pornhub, Youporn, Brazzers and Mydirtyhobby have also integrated Bitcoin.
Playboy’s erotic site also offers Bitcoin payments for the Plus Playboy offering.
While the leading American erotic providers are already very involved in bitcoin, this trend is only now being observed among European providers.
Why are there so few Bitcoin erotic sites from European providers? But why is the European industry so reluctant to introduce Bitcoin?
The advantages for the acceptance of Bitcoin for Bitcoin erotic content are obvious!
- No return debit risk. 100 Payment guarantee
- Payment of very small amounts (Micropayment) possible
- Bitcoin payments are cheaper than credit card or any other payment method
- Suitable for payments on your computer, tablet and smartphone
- Available worldwide and perfectly suited for tapping into new customer groups
- Innovative marketing story for new customers
- Any content can be billed
A major drawback with Bitcoin is the lack of possibility of recurring payments (subscription payments) in erotic memberships.
Bitcoin is a so-called “push-payment” variant. This means that the customer must actively initiate a payment. This is comparable to a SEPA (SEPA Credit Transfer) or the online transfer systems of Instant Transfer, Giropay, ideal or eps.
As a push payment, the customer must actively send the Bitcoin to the erotic provider. The provider cannot withdraw the payments itself from the bank account or credit card account of the payer (“pull payment”).
Recurring debits are not possible with “push payment” payments. This disadvantage is compensated by the fact that no back load is possible.
No end customer can claim in hindsight that they have not made the payments or that they did not want them.
Membership Pages & Sex Dating Sites
The business models of the providers are mainly geared towards the end customer entering into a subscription obligation and paying regularly. Ideally, the subscription is forgotten by the customer and simply continues.
Sex sites that focus on memberships only have the option of offering limited-time packages when paying bitcoin. These packages may vary in price depending on the duration.
Providers of dating or membership sites can also draw on experiences gained during online transfer (instant, Giropay, ideal etc.).
The above examples of the American erotic pages show how these models can be implemented accordingly.
Bitcoin Eroticate on Webcam Sites
In the case of cam portals, recurring debiting plays a lessimportant role. Here, the focus is on secure payment. The broadcasters want to get the money for the service from the provider of the site. The sender does not care whether the end customer has really complied with his payment obligation.
In the case of cam portals, the user buys points or coins as a kind of substitute currency. With this prepaid balance, the services are billed on the basis of respected minutes or payments for certain services.
The visitor to a cam page would like to take advantage of the services offered immediately. One is reluctant to go through a lengthy payment process or even wait a few bank days until the payments have been credited to the operator.
This is where you can buy the points and coins by Bitcoin. Payments are authorized after just a few seconds and are 100 safe and guaranteed. The user can immediately start to use the services offered.
The purchase of credits, points or virtual credits is to be realized via a normal purchase process. Credit packages can be paid for with Bitcoin. To do this, a Bitcoin payment button must be stored on the page.
In the area of webcam portals, the so-called cam girls present themselves on the corresponding portals. Thanks to Bitcoin, the cam girls also have the opportunity to receive direct donations from fans and followers. Like YouTubers, influencers and bloggers, cam girls can receive Bitcoin directly via a Bitcoin Donation Button.
Thus, cam girls can become more independent of the web cam portals.
Information on how to get a few Satoshi as a donation as a cam girl, YouTuber or influencer, we explain in the post: “With a Bitcoin Donation Button to get a few Satoshi“
Bitcoin Eroticism via Mobile Payment
The mobile payment market for erotic content is particularly successful in Europe. The end customer can pay the offered contents conveniently via his telephone bill. As a rule, subscription contracts are concluded, which are debited weekly in the amount of a few euros.
The business model is designed for subscription contracts with the automatic debiting (“pull payment”) of small amounts and as a very secure payment method without high return debit rates.
The main advantage of mobile payment is that the end customer does not have to undergo a complicated registration. The customer identifies himself via his mobile phone number and the amount is automatically debited to his mobile phone provider after a click.
A disadvantage for the providers are the different conditions of the telecom providers in the respective countries.
Nor may every type of content be offered. In most cases, only FSK16 content is permitted with respect to the content offered.
In some countries, the billing of erotic content via the telephone providers is now completely prohibited.
Bitcoin payments can be executed very easily via a smartphone. Every Bitcoin owner has a Bitcoin app on their smartphone about which payments can be made.
A simple click on the QR code during the payment process leads to an automatic opening of the deposited Bitcoin app. The user must release the payment with his four-digit PIN and can immediately view the offered content.
Similar to the link to the phone provider, the Bitcoin user does not have to enter any further data and can pay just as easily and quickly for the content on the smartphone.
There are no restrictions on content. All legally permitted content can be offered worldwide.
For existing erotic mobile sites, it is possible for the sites to be marketed all over the world and paid for via bitcoin app.
Outlook for Bitcoin in the Erotic Industry
Bitcoin will develop new business models. Particular advantages will come from the possibilities of micropayment (lightning) that allows the individual marketing of images and videos for a few Satoshi.
For membership sites and cam portals, Bitcoin will take the place of another alternative payment method.
Especially in view of the growing importance of the smartphone when viewing erotic content, payment via Bitcoin app will play out its enormous advantages.
In the area of mobile erotic sites, it is a good bet that there will be pure Bitcoin erotic mobile sites. Because no user would like to type in their cumbersome credit card data on a small smartphone window.
A click on the QR code and automatic payment via Bitcoin app is also possible at any time on a subway ride.
If an industry has managed to react again and again to new circumstances and opportunities, then this is the erotic industry on the Internet.
It will be exciting to see what business models the erotic industry can come up with on the basis of Bitcoin.
The benefits of Bitcoin payments for providers and customers on erotic sites:
|Benefits for erotic users||Benefits for erotic providers|
|When registering on erotic sites, only an email address must be provided
It is not necessary to transfer sensitive bank or credit card data to an unknown provider
Bitcoin payments are one-time payments and an unwanted subscription or unauthorized debits are not possible
As a user, you remain completely anonymous to the erotic provider
No credit card statement or bank statement reveals that you paid on a site.
|No return debit risk.
100 Payment guarantee
Payment of very small amounts (Micropayment) possible
Bitcoin payments are cheaper than credit card or any other payment method
Suitable for payments on your computer, tablet and smartphone
Available worldwide and perfectly suited for tapping into new customer groups
Innovative marketing story for new customersAny content can be billed
Some overview of the European Bitcoin erotic sites can be found at Coinpages Erotic Providers
This post is also available in: German