Earlier this year Clubhouse announced that it will soon be rolling out monetization tools, one of which will be a tip. Fast forward to today and the tip function went online. Baptized Clubhouse PaymentsThis is a great way for users to send money to their favorite creator on the live audio chat room platform. Clubhouse says that Starting today, all users on the platform can send money to the creators. However, The ability to receive payments is currently only available to a handful of creators.
The company says it will gradually expand the ability to receive clubhouse payments for more creators. In the meantime, the company would like to get feedback from the test group before fully introducing the tip feature. If you have the Clubhouse app installed on your phone, you can send money to a creator by tapping on their profile picture and clicking the new “Send Money” option.
Especially, According to the Clubhouse, what users send to creators is not cut because 100% of the money provided by users goes to creators’ accounts. However, there is a small processing fee that is used to pay for Stripe, the platform that enables transactions for the Clubhouse Payments feature. Clubhouse Payments isn’t the only monetization option available to creators on the platform, however. The company also has other tools in the pipeline.
Clubhouse is still exclusive to iOS and is currently working on bringing the app into the Android ecosystem. While the lively unicorn continues to make waves, the larger sharks in the ocean have already mimicked the live audio chat room premise pretty quickly. Twitter has already set up Spaces for Android and iOS. Facebook is reportedly working on its own version.
Telegram released a similar feature a few weeks ago. Spotify has ambitions to emulate Clubhouse’s popularity, and Discord is joining the fight as well. Heck, LinkedIn doesn’t miss the opportunity, too, and so does Slack. It would be interesting to see how Clubhouse carves out a niche for itself while facing competition from rivals with much deeper pockets, resources, and expertise.