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Clubhouse Payments

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Re: Clubhouse Payments

#51

Post by paxys »

judge2020 wrote: post #36
Shank wrote: post #26

I really wonder how this is going to work with the Apple App Store rules on payments. Is the 0% cut so that they can use Stripe? Or is it to bolster their case that they don’t need or want to use Apple Pay? Normally Apple doesn’t like a service offering payments outside of the Apple Pay ecosystem. This seems like a very interesting move.

P2P payments don't have to use the App Store payment processor, see: Venmo, cash.app, etc.

Is it still P2P when (in the future) Clubhouse decides to start taking its own cut?

Re: Clubhouse Payments

#52

Post by PostThisTooFast »

015a wrote: post #41
dogma1138 wrote: post #32

Earlier quoted context omitted.

Yeah I don’t understand their business model, there is a cost to process a payment so even if I give someone $100 the credit card company and payment processors will take a cut. Now there is a difference between a platform that takes 15-30% cut and And this ofc goes beyond the fact as you mentioned that the big players can simply kill this by having a similar policy especially for smaller creators. The only purpose o…

If you read the linked announcement: > 100% of the payment will go to the creator. The person sending the money will also be charged a small card processing fee, which will go directly to our payment processing partner, Stripe. Clubhouse will take nothing.

Then why not just use Venmo?

Re: Clubhouse Payments

#54

Post by justapassenger »

kazuki wrote: post #8

Why they don't charge any fees? I don't use clubhouse (Android) but if I were user I would be happily paying 1-2% fees and would rather prefer seeing service has source of income.

Because VC. You need growth, at all cost (both monetary and ethical) to get more VC money, and when you’re big enough you exit by selling to a big tech. That’s current Silicon Valley playbook.

Re: Clubhouse Payments

#55

Post by paxys »

fastball wrote: post #16
dylan604 wrote: post #13

Earlier quoted context omitted.

The natural question then would be, what are they taking? They have to make money to survive somehow.

They're taking VC. The strat here is probably to get as many users onboarded as possible ("of course I'll support them directly on Clubhouse, it's the cheapest way to do it!") and then at some point once people have grown accustomed to supporting creators through clubhouse they'll start taking a cut.

You would think they need to grow user count as quickly as possible (like all other VC funded startups), but the fact that they don't have a web app, don't have an Android app and don't have open signups on iOS leaves me very confused about their entire strategy.

Is Clubhouse just being pushed by VCs and other tech celebrities as their personal soapbox, or does it have potential to be something beyond that?

Re: Clubhouse Payments

#56

Post by tmpz22 »

filoleg wrote: post #34
minimaxir wrote: post #6

This provides a very strong incentive for bad actors on Clubhouse to create rooms to ask for money under false/scammy pretenses, and Clubhouse has an unclear moderation policy for that.

On another hand, it provides a strong incentive for Clubhouse to ban such bad actors asap without even a second thought, because Cluhbhouse doesn't make a single dime off them due to not taking a cut from payments. No conflict of interest and no perverse incentives. Which is in stark contrast to some perverse incentives other popular platforms have, e.g., Twitter and FB being lenient on botting and fake profiles beca…

Every content platform has a slew of top earners who are effectively bad actors. But they're profitable so they get to stay.

Diet supplements, vitamins, and other garbage on Youtube.

xQc on Twitch.

Every. Single. One.

Re: Clubhouse Payments

#57

Post by ZephyrBlu »

tmpz22 wrote: post #56
filoleg wrote: post #34

Earlier quoted context omitted.

On another hand, it provides a strong incentive for Clubhouse to ban such bad actors asap without even a second thought, because Cluhbhouse doesn't make a single dime off them due to not taking a cut from payments. No conflict of interest and no perverse incentives. Which is in stark contrast to some perverse incentives other popular platforms have, e.g., Twitter and FB being lenient on botting and fake profiles beca…

Every content platform has a slew of top earners who are effectively bad actors. But they're profitable so they get to stay. Diet supplements, vitamins, and other garbage on Youtube. xQc on Twitch. Every. Single. One.

How is xQc a bad actor? He just memes with his chat.

Re: Clubhouse Payments

#59

Post by goldenchrome »

eloff wrote: post #4

> To send a payment in Clubhouse, just tap on the profile of a creator (who has the feature enabled) and tap "Send Money". > Enter the amount you would like to send them. The first time you do this, you’ll be asked to register a credit or debit card. > 100% of the payment will go to the creator. The person sending the money will also be charged a small card processing fee, which will go directly to our payment proces…

I think it's naive to think that they're doing this out of pure goodwill. They've taken over $100 million in funding in only a year of being in business. Since they're so new, my estimate is that they're generating goodwill with consumers before any of their investors are expecting to make their money back. Given the sheer number of Clubhouse competitors, this is probably a smart move for their business. They get to generate reactions like yours en masse.

They're building a strong brand and reputation to beat out the competition, and they'll only start monetizing once they've won.

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