LOS ANGELES — Crypto-focused cam platform Spank.live is going international by broadening its range of available payment options and the regions where the service will be offered.
According to the company, since its beta launch in April, Spank.live had been exclusive to the U.S., and based on cryptocurrency, but its recent moves have opened up the platform to models worldwide and added acceptance of credit cards, in a way it considers “model-friendly,” with credit card processing fees passed on to customers when they buy their token packages.
“Our models work more than hard for their money,” a company representative said, “and we believe they deserve every cent.”
“As we move to make Spank.live a sustainable business unit, we plan to raise fees from our current 5 percent fee,” the representative explained. “Although fee changes will not go into effect until mid-October, we want to give Spank.live models, who we consider our business partners, enough time to prepare for this upcoming change, so we thought it was important to broadcast it well in advance of us making the switch.”
All models who have participated in the beta thus far will be locked in at 5 percent fees for life.
“All new models that have cammed for at least 10 hours and earned at least $10 in tips by the end of July will be eligible for the 95 percent payout for life too!” exclaimed the representative. “Models will now see a ‘95% for life’ badge on the model profile when the requirements are met.”
The representative said that models will still be paid in crypto, but noted that “BOOTY is stable. So, whatever models are tipped is what they will be able to cash out, regardless of fluctuations in the price of cryptocurrency.”