Twitter introduces Tip Jar, a way to make money from tweets
Twitter Inc. announced today that it’s now testing a tipping system called Tip Jar that will allow users to send money to the accounts that impress them with certain tweets.
Earlier this year, Twitter laid out plans for a number of changes that would let people make money from their accounts. One of the ideas put forward was creating “super followers” for various accounts, which comes with a price tag. Another idea was a tipping system, on which Twitter has now followed through.
Tip Jar will be available on Android and iOS, although the company said the feature during the testing phase will apply only to select accounts using the English language. Those people will be working in some capacity as creators, journalists, experts or in nonprofits. Tip Jar will eventually roll out to more people and in more languages.
In a blog post, Twitter said it had noticed how people often send PayPal links after tweets go viral, adding that it was time there was an easier way to send someone appreciation in the form of cash. How much cash, it seems, is limitless, with Twitter not saying anything about maximums or minimums.
From now on, when someone has Tip Jar enabled on an account and someone clicks on it, there will be a bunch of payment options, including Bandcamp, Cash App, Patreon, PayPal and Venmo. The best thing: Twitter will not take a cut of the tip.
“Tip Jar is an easy way to support the incredible voices that make up the conversation on Twitter,” the company said. “This is a first step in our work to create new ways for people to receive and show support on Twitter – with money.”
show your love, leave a tip
now testing Tip Jar, a new way to give and receive money on Twitter 💸
more coming soon… pic.twitter.com/7vyCzlRIFc
— Twitter (@Twitter) May 6, 2021
This week, Twitter acquired the web content reading platform Scroll, and earlier in the year the newsletter tool Revue. The company said this is all a push to help publishers and writers make more money from their content.
Over the years criticism has mounted over social media behemoths having a deleterious effect on publishers, while creators have had few options to make money. Twitter has said it wants to give something back, which seems to be the case judging by these latest moves.
Photo: Esther Vargas/Flickr
Since you’re here …
Show your support for our mission with our one-click subscription to our YouTube channel (below). The more subscribers we have, the more YouTube will suggest relevant enterprise and emerging technology content to you. Thanks!
Support our mission: >>>>>> SUBSCRIBE NOW >>>>>> to our YouTube channel.
… We’d also like to tell you about our mission and how you can help us fulfill it. SiliconANGLE Media Inc.’s business model is based on the intrinsic value of the content, not advertising. Unlike many online publications, we don’t have a paywall or run banner advertising, because we want to keep our journalism open, without influence or the need to chase traffic.The journalism, reporting and commentary on SiliconANGLE — along with live, unscripted video from our Silicon Valley studio and globe-trotting video teams at theCUBE — take a lot of hard work, time and money. Keeping the quality high requires the support of sponsors who are aligned with our vision of ad-free journalism content.