The adult entertainment industry is famous for being a forerunner in using the most advanced and upcoming technology. Cryptocurrency is no exception at all. Let’s read below to find out more about the topics and see who can help you with an exceptional adult merchant account.
Cryptocurrency For Adult Industry: Adult Merchant Account
The above-mentioned technologies include online streaming, virtual reality (VR), online payment, cryptocurrency, and more. The use of the latest technology solutions means a lot for the businesses in the adult industry.
The “high risk” label of the adult industry means that, instead of spending most of your efforts on making profit, you’ve to fight higher fees and credit card chargebacks. According to SpankChain community manager Allie Eve Knox, it’s frustrating that the bitcoin isn’t yet available in more people’s wallets.
What about you? Are you offering the right payment processing services to your customers? In fact, this can’t be an issue if you work with a true credit card processing expert in your field. With a reputable high risk processor, you can get fast and easy access to the safest and cheapest adult merchant account for your online business.
Adult Entertainment Companies Accepting Cryptomoney
Because of the nature of Silicon Valley services like PayPal, the worlds of blockchain and bitcoin have opened their doors wider to welcome more and more entrepreneurs. PayPal has recently reported that it’s decided to close accounts because of the concerns related to adult payment processing.
E.g., the famous PornHub has announced that it’s updated all the available payment methods they offer. The new list includes Tether (USDT) and the adult industry-related payment app Comso Payment.
The majority of online payment features, including PayPal, wire transfer/check, credit/debit, and even banks are now staying away from adult entertainment businesses. This is also true of the majority of their models: they’re found illegal, so banks aren’t willing to open accounts for them.
According to Knox, the biggest problem in the field is that workers are semi-secretly discriminated by payment platforms.
As you see, there’s more than one reason for adult entertainment businesses to switch to accepting cryptocurrencies. Work only with a respectable payments specialist to overcome the challenges on your way easily.
Author Bio: Blair Thomas has been a music producer, bouncer, screenwriter and for over a decade has been the proud Co-Founder of eMerchantBroker, the highest-rated high risk merchant account processor in the country that provides the most secure and cheapest adult merchant account in the field. He has climbed in the Himalayas, survived a hurricane, and lived on a gold mine in the Yukon. He currently calls Thailand his home with a lifetime collection of his favorite books.