Clubhouse teams up with Stripe for payments feature
Clubhouse is rolling out the ability to send payments directly to other users, partnering with digital payment company Stripe to facilitate the feature.
Why it matters: Clubhouse has touted plans to help conversation hosts generate revenue on the app amid a growing push for creators of digital and social media content be better compensated. Hosts receiving money will get to keep the entire amount for now.
Details: The company says that for now, while all users will be able to send money, only a small number will be able to receive payments while it's still testing the feature.
- Users sending money will also be charged a small card processing fee by Stripe.
Yes, but: While Clubhouse says that it's not currently taking a cut from the payments, it's unclear whether this may change in the future.
- After all, Clubhouse will eventually have to generate revenue of its own, and has said in the past that it doesn't want to rely on ads.
The big picture: Services that let content producers generate revenue directly from their fans and subscribers like Patreon, Substack, and OnlyFans have been booming in the past year.