| From my experience with setting up payment processing for white, grey, and very grey (legal) projects, processing fees are a given. They're actually very reasonable for anything white, and downright -- pun intended -- criminal if you want anything more discrete. You will have fees no matter the payment processor, but crypto has the lowest if you don't need speed. Cutting out the processor achieves this first aim, even though fees are still necessary to run Patreon. Whether or not they're too high after this is another matter. Adult content is primarily high risk because of credit card charge backs -- it's very rampant. Being illegal operations is another matter that concerns wire fraud and may cause uneccesary burden on the payment processor were it invovled in a criminal investigation. The chargebacks, higher risk, and threat of investigation are all priced into more "lax" payment processor's fees. Crypto doesn't need to price this in because: it's practically non-reversible and there is no centralized body fronting the risk, i.e decentralized operations. The blockchain network fronts the risk for wire fraud, so that no other entity, f.e Patreon or PayPal, need to. I have no stance or argument, these are just some musings I wrote from my observations in the "industry." Crypto is the preferred payment processor of high risk businesses. Everything else that caters to it is downright garbage in comparison. |
Fees are a moot discussion when the underlying crypto is unstable. I'd much rather have higher fees than an unpredictable "currency" like bitcoin that could be worth 50% less one month than when it was collected.