Twitter Creators can now get funds from their fans via Paytm

Microblogging site Twitter has partnered with Paytm as announced by the company on 16t Feb. Now the creators will be able to receive funds via Paytm. Earlier the users could fund their favourite creators by using cryptocurrencies like Bitcoin and Ethereum or through Razorpay. They can also choose the Patreon option.

What is Tip feature?

The feature known as “Tip Jar” was launched in 2021 in an attempt to help the creators on the platform to monetize their accounts. It was initially introduced for iOS users and then rolled out on android devices in the same year. The account holders have to update their date of birth on the microblogging site to confirm that they are 18 or above to use the feature.

With the addition of Paytm as a mode of payment, the process will become easier. Users will be directed to the Paytm app where they can fund their favourite content creators or small business owners. Paytm Payments Services partnering with ‘Tips’ will allow the users to use a host of payment services provided by Paytm, including its Paytm digital wallet, Paytm Postpaid (buy-now-pay-later service), debit and credit cards, and net banking.

It should be noted that both Razorpay and Paytm are India based companies and Twitter is planning to collaborate with more such companies. “Tips” is available in Indian languages including Bengali, Gujarati, Hindi, Kannada, Marathi and Tamil. Globally, Twitter’s Tips feature supports payment services including PayPal and Venmo. The users will not be charged for using these services and Twitter will not keep any share of the payment

To use the new feature, the users are required to go to their Twitter profile and click on the “Edit Profile” option, where they can turn on the “Tips” option. The option will only be available to users above 18 years of age. After turning on the “Tips” option, the creator can then choose the payment method from the options that include Bitcoin, Ethereum, Patreon, Paytm and Razorpay.

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