The emerging social network Clubhouse is almost at risk of being evicted before it is even more widely deployed. Its popularity caught the attention of people like Facebook and Twitter who, instead of swallowing the youth network, started to create their own audio-centric platforms. The competition is forcing the Clubhouse to intensify its operations in return and its new feature makes it potentially more profitable, not to mention more attractive to anyone who is still interested in buying the startup.
Whenever money exchange enters the equation, you can be sure that things will get a little confusing. It is at this point that something starts to look profitable, which, in turn, can increase the value of the service. Now that Clubhouse has introduced its payment system, you can be sure that there will be more companies interested in purchasing it.
Clubhouse Payments is a bit like its own version of Patreon, OnlyFans, Ko-fi and similar platforms. The idea is that fans and people can send money to support or tip the creators, giving the Clubhouse that succulent monetization capacity. Eventually, however, the Clubhouse plans to allow all users, even non-creators, to receive money.
The payment system is actually developed by Stripe, so the Clubhouse itself does not manage the transfer of money. In fact, he says there is no cut in direct payments, unlike the platforms mentioned earlier, and creators receive 100% of the payment. That said, Stripe charges a processing fee for users to pay more than they want to give.
Clubhouse Payments puts the new social network a little ahead of the game, but it will only be a matter of time before others try to do the same. Facebook, in particular, appears to be in a favorable position in this regard, having its own Facebook Pay and similar systems in its social media empire.