X shifts US creator payouts from Stripe to X Money
Article excerpt
Highlighted: the sentence this signal was extracted from
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. Starting today, U.S. payouts for Original Content Rewards and Subscriptions will be paid through @XMoney. You'll have access to your payouts the moment they're sent. › Already using 𝕏 Money? No action needed. Your next payout will be sent there. › Not yet on 𝕏 Money? Open… 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 has been asked for clarification on the matter. The shift follows other changes to X's creator programs. On September 7, X will retire its Creator Revenue Sharing Program, which stopped accepting new members last month. Creators...
Keep reading with a free account
The rest of this article, and every signal for Stripe, is in your free account.
