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06-Oct-2016 01:45

So perhaps it should come as no surprise that as the popularity of online dating has risen, so have prices.

A decade ago, many sites were free or had minimal fees of around a month.

Indeed, for online purveyors of love, business is booming.

While people used to meet mostly through friends, says Reuben J.

Thomas, assistant professor of sociology at the University of Mexico, “that’s been sharply on the decline since the advent of the Internet.” The dating industry is now worth about .4 billion, with revenue split between advertising and subscription services, up revenue up around 5% per year, according to a report by research firm IBISWorld.

Of that, around .1 billion is from online dating, 6 million is from mobile apps such as Grindr and Tinder, and the rest is made up mainly of matchmakers and singles events.

Avid Life Media called it “an act of criminality.” Many people are looking for love online, and some — even those who are already married — are looking for hook-ups, but even those who are looking for love should be aware of what lies ahead. Roughly 30 million unique users, or about 10% of the U. population, visit dating sites every month, according to market researcher Nielsen.

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At the two biggest subscription-based sites in the U.S., ( a month) and e Harmony ( a month), users can save by signing on for, say, a six-month bundle ( per month and per month, respectively). “Finding a soul mate can cost you.” As the data breach of the adultery website, Ashley Madison.com, has shown, online dating doesn’t come cheap — in terms of monthly fees and, in extreme cases, public embarrassment and lawyer’s fees in divorce court.Hackers alleged late Tuesday that they had dumped account details and log-in information of around 32 million users of the website, revealing millions of street addresses, email addresses, phone numbers and credit-card details.

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And some sites, like Plentyof and Ok Cupid, offer basic membership for free.But most subscription sites automatically renew until the customer cancels, and those fees can add up.