Bitcoin and Adult Entertainment Make a Perfect Match on XoTika.TV

Aug 06, 2015

It’s been nearly 20 years since people started using credit cards to access adult content online. Before that, probably there wasn’t any adult content on the internet because the internet was just at its infancy stages. But, back on topic, as consumers continue to demand increased privacy, providers of adult content have been working extra hard to find viable options. Credit cards were good, bitcoin merchant accounts were better, and now we have a new player on the block – Bitcoin – which promises complete anonymity.

If you’re familiar with Bitcoin, you will appreciate that it is the one payment method that is very difficult to understand. People sending and receiving payments using codes…! I mean, by the time the money circulates between the person purchasing an adult video, the merchant, and the exchange bank, there is usually no trace to follow at all.

This is exactly the type of transaction being adopted by Xotica.TV, a popular erotic content provider in Europe. The pioneer of Xotica.TV, Cristian Cora, while speaking about it, said that he expects the new approach to change trends in the entire industry. The goal, according to Cora, is to change attitudes and practices in the industry. Cora notes that the industry has suffered from several malpractices which could to some extent be addressed by the introduction of the “faceless” Bitcoin. He cites models’ earnings, for example, which have sometimes been compromised due to the current payment commission structures. Other areas that he mentioned included delayed payouts and consumer fraud.

“Though retailers are increasingly warming up to Bitcoin, the adult entertainment industry has been hesitant to accept virtual currency,” lamented Cora. “We at Xotica.TV are ready to lead by example and help the industry overcome the Bitcoin shyness.”

Bitcoin comes with an array of benefits – to every participant in the industry. Viewers can benefit from; increased anonymity, no contract, and the flexibility of tipping models to name just a few. Models will also benefit in a number of ways. For instance, with Bitcoin, models can be paid customer tips and other revenues almost instantly. Additionally, the lack of fraudulent activity often associated with credit cards guarantees that these models can, going forward, receive any earnings as pledged.

It could be a long way before everyone accepts Bitcoin, but there is no doubt about the potential benefits. Now that Xotica.TV is showing the rest of the industry how to do it, maybe it won’t be too long before we start seeing more providers listing Bitcoin as a payment option.

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Having a merchant account allows an account holder to take advantage of merchant cash advances. When a merchant is approved for an advance, the business agrees to receive a lump sum of cash in exchange for an agreed-upon percentage of future credit card sales.

Pricing varies depending on the merchant’s industry, past credit card processing history, the type of business seeking the account, average ticket sales, and average transaction volumes.

Yes, EMB works with merchants who are building their credit, as well as those who have poor credit. EMB also approves merchants that have no credit card processing history and businesses that have lost their merchant accounts due to high chargebacks.

Several factors influence a merchant’s risk level. Though only one factor likely will not get a merchant classified as high risk, a combination of these may: business size, location, and industry, credit score, credit card processing history, a industry’s reputation for excessive chargebacks, a prior history of high chargeback ratios, and whether a merchant exclusively sells online.

Virtual terminals are stationed on a merchant’s website, making it easy for customers to make a payment or purchase online. Merchants or a payment processor can easily set up virtual terminals, so online businesses can accept credit and debit card and e-check transactions.

A merchant account is a business account with an acquiring bank. Without this business account, which actually works more like a line of credit, a merchant cannot accept and process credit and debit card transactions. Businesses need a merchant account to accept major credit cards via a static point-of-sale terminal, mobile card reader, or through a virtual payment gateway.

After filling out EMB’s simple online application and submitting any necessary, requested documents, many merchants get approved within 24 and 48 hours.

EMB specializes in working with high-risk merchants. EMB works with many merchants, including but not limited to businesses in these industries: gambling and gaming, adult entertainment, nutraceuticals, vaping and e-cigarettes, electronics, tech support, travel, high-end furniture, weight loss programs, calling cards, e-books and software, and telecommunications.

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