Coinsnap casts the light on Bitcoin payout services for affiliate programs and adult service operators at The European Summit in Sitges, Spain

Nijmegen (NL) / Sitges (ES), February 24, 2016 – Facing ever fiercer competition and decreasing margins at the same time, more and more businesses in the global affiliate, advertising and cam site operator ecosystems are looking into ways to decrease cost and to meet administrative challenges resulting from their need to handle payouts to their global business or affiliate partners, thus increasing their bottom lines as well as the attractivity of their programs.

“They should not miss The European Summit in Sitges, Europe’s leading gathering of adult industry representatives, where Dutch Bitcoin payment provider www.Coinsnap.eu will promote Bitcoin as payout method”, says Coinsnap CEO Stephan Wetzmueller. According to him Bitcoin payouts have the potential to sustainably optimize the often cumbersome process of handling payouts in the adult industry: „Bitcoin payouts provide a completely new way of optimizing payout processes, offering substantial advantages over the more traditional payment methods such as check, wire transfer, or 3^rd party providers“, explains the Bitcoin payment expert.

„First of all, Bitcoin, due to the low transaction costs, significantly reduces the cost of payouts for the operator as well as it eliminates losses resulting from international money transaction fees for the receivers of the payouts – giving the operator a notable competitive edge. Secondly—thanks to the streamlined dashboard and the intelligent API we provide our clients with—Bitcoin payouts reduce administrative overheads by saving operators a lot of time currently spent on just handling their payouts,“ adds Wetzmueller.

And there would be several “soft, but nonetheless important” other advantages, too, such as speed, anonymity and suitability for micro- as well as macropayments: „Bitcoin payouts enable adult operators to satisfy their affiliates with instant payments of any size (small or large amounts as needed) to literally any place on the globe, with no fees deducted. Also, with our integrated dashboard and the Coinsnap API, payouts can now not only be transacted within minutes – it is also possible to handle mass payouts to large groups of receivers in a swift process that saves a lot of handling time.”

Industry professionals interested in Bitcoin as a payout option shouldn’t miss Wetzmuellers presentation on “Bitcoin as a payout tool for operators and affiliate programs”, held on March 3 at the Sitges Event to learn more about a compelling new way to better handle the sometimes tedious business of dealing with recurring large amounts of payouts in the adult industry.