If you run an adults-only website, you know the struggle it can be to get approved for VISA and MasterCard processing. When you add on the annual fees for high-risk credit card processing, sometimes it seems like it’s too expensive and overwhelming to even take on. And let’s face it, the cost of accepting credit cards for your adult content isn’t getting any cheaper. With VISA and MasterCard keep raising their annual fees almost every year, crypto payment alternatives are becoming an attractive solution for many adult website owners and operators.
What Are The Advantages?
Lower Costs
The obvious advantages of accepting crypto payments first and foremost are the lower costs associated with credit card processing. And though you may pay a slightly higher rate for adult content, you’re still avoiding the exorbitant porn penalties imposed by banks. Not only do you avoid the annual fees for being a “high-risk” vendor, you also avoid the extremely high percentages imposed by traditional credit card processors.
Crypto payment costs run in the range of .5% to 1% per transaction, whereas traditional credit card payments can cost as much as 13.8%, depending on the merchant processor. Your crypto payment rate isn’t likely to increase from standard rates unless you become very busy or your business causes a manual review for some reason.
There Are No Chargebacks
There are no chargebacks with cryptocurrency payments. When someone sends you Bitcoin, Ethereum, or any crypto through a real transaction, it is irreversible. Once the blockchain confirms the transaction (after a few network confirmations), it cannot be undone. There is no credit card company or bank involved that could later say “the buyer claims fraud” and pull the money back.
Obviously. chargebacks are a huge problem for the credit card industry. They always have been. The adults-only industry gets more of them and that’s why it’s considered high risk. With crypto, the process is not cancellable or reversible. There aren’t any chargebacks or refunds to burden your business.
Privacy and Anonymity
Crypto offers strong privacy for both you and your customers. That’s why many customers prefer to use crypto when they’re buying sensitive products like adult content and adult products. With crypto, you also minimize the risk of customer data breaches.
Payments Without Borders
Cryptocurrencies like Bitcoin, Ethereum, USDT are borderless. Customers from any country can pay you instantly, even if they don’t have a credit card or PayPal. There are no complex banking restrictions and no currency conversion issues to deal with.
How To Move Forward
We have a great solution for connecting your adult website to a crypto payment processor, both for individual payments and ongoing subscriptions as well. We will help you get started and walk you through the process of getting approved and accepting payments from your website.
