“The Lust Sleepers” (1964) by J X Williams
A classic example of the 1960’s hypno-porn. John Thursday, the protagonist, makes a living providing hypnotic services for voyers and subjects. When one of his subjects commits suicide, he flees to New York where he gets blackmailed to assist Reich, who runs BDSM parties at his remote manor with a heavy emphasis on B and S.
The inside cover text reads:
CONDITIONED FOR LOVE?
John Thursday has a special trick. His sincere looks mask the ability to hypnotize any unwilling wanton until she casts aside all her inhibitions to perform any shameful set Thursday can think to command. Like Greta, on the office couch, who goes through such throes of ecstasy there is nothing left for her … but the long fall outside the office window. Like Rita, the redhead on the plane, who shows Thursday what love / hate really means. Like Mae, whose trance revealed a degradation that was alarming in its intensity. Or like Reich, the twisted degenerate who used extortion to persuade Thursday to do his evil bidding.
The back text reads:
TORTURE CELLAR… That’s where the sadistic Reich kept all his little impliments [sic] of pleasure. The shackles, the cells, the whips. Right there beneath his palatial country estate. And it is so easy for him to find guests to people his weekend orgies. Each of them going through their shameless paces at Reich’s bidding, never knowing what exquisite pleasures waited below… pleasures for Reich, that is… as the whip tenses in his hand. Into this hell-hole he blackmails John Thursday… to perform Thursday’s special degrading trick on Mae Davis… while all the other changing partners watched in delight…
GoodReads has a very good description of it here.
I believe J X Williams is a house name, because there are far too many books with that name listed from this and allied publishers.