Technology
X shifts US creator payouts from Stripe to proprietary X Money service
The social network will process creator earnings instantly through its in-house financial service backed by Cross River Bank.
The short version
- X has transitioned all U.S. creator payouts for subscriptions and rewards from Stripe to its proprietary X Money service.
- The change introduces instant payments and removes the previous $30 minimum threshold and biweekly payment schedules.
- Payouts appear to be mandatory via X Money, though whether alternative payout methods will remain available has not been clarified by the company.
Key facts
- X announced that U.S. creator earnings from subscriptions and the Original Content Rewards Program will be disbursed through X Money.[TechCrunch]
- The new payout structure provides instant access to funds, eliminating the prior biweekly schedule and $30 payout threshold used under Stripe.[TechCrunch]
- X Money accounts are held at Cross River Bank, an FDIC-insured institution.[TechCrunch]
- X is scheduled to retire its legacy Creator Revenue Sharing Program on September 7 as it migrates users to the Original Content Rewards Program.[TechCrunch]
What remains uncertain
- It remains unclarified by X whether creators will have any alternative payout options outside of opening an X Money account.[TechCrunch]