X shifts US creator payouts from Stripe to X Money
Elon Musk’s social network X on Wednesday said that starting today, all of its U.S. creator payouts will be handled through X Money, the app’s payments service.
This includes payouts from both X’s Original Content Rewards Program and creators’ subscriptions, the company said in an update shared on X.
The benefit of this new payment system is that the payments are instant. There’s no waiting until the end of a billing cycle or a minimum threshold that has to be reached before the creator can access their money. Previously, payments were processed every two weeks, with a minimum payout of $30, X’s documentation states.
However, the announcement’s wording seems to indicate that there aren’t any other options for receiving payments on the platform, meaning X is forcing creators to use X Money even if they would have preferred the prior payout method, which was powered by Stripe.
X...
Copyright of this story solely belongs to techcrunch.com. To see the full text click HERE