Twitter has announced a new monetization feature for its users, which allows them to earn money from their content. The feature, called Subscriptions creators, enables users to set a paid subscription to their page, with the user setting the cost of the subscription.
Once someone subscribes to the page, most of the subscription fee will go to the user’s account.
Twitter Unveils Monetization
Twitter has provided a detailed breakdown of how the Subscriptions creators feature works. Until the total amount of transfers exceeds $50,000, the user will receive 97% of the subscription amount. With Twitter taking a 3% commission. However, if the total amount of transfers exceeds $50,000. Then Twitter will take a 20% commission, and the user will receive 80%. It is important to note that Apple takes a 30% commission for in-app purchases. This means that if the subscription is purchased through an Apple device, the commissions will be 33% and 50%, respectively.
The minimum check amount for Subscriptions creators is $50, and the feature is available in 115 countries. However, countries such as Belarus, Russia, and Ukraine are not on the list, while Trinidad and Tobago, Gabon, and the Republic of Côte d’Ivoire (Ivory Coast) are part of them.
The Subscriptions creators feature has already been promoted by high-profile Twitter users such as Elon Musk. Musk encouraged content creators to enable subscriptions for their texts, photos, and videos worldwide on the platform.
This new Twitter feature has the potential to revolutionize the way content creators earn money from their content. With the ability to set their own subscription fees and earn a significant portion of the subscription amount, users can now monetize their content directly on Twitter.
However, it remains to see how successful the feature will be in countries where it is available, and whether Twitter will expand the feature to other countries in the future.
