Streamlabs, a video streaming service especially popular for video game broadcasts, launched a new monetization system for content creators.
This crowdfunding platform may be linked with any gearbox constructed on the same platforms as those already available.
Streamlabs presented a new mechanism for creators to receive financial contributions from their audience
Most video streaming sites and social networks provide different ways to make money. Twitch, for example, charges a 50% commission on subscriptions.
Through its support blog, Streamlabs, a company owned by Logitech, presented its new crowdfunding tool for content creators.
The tool Streamlabs Creator Subscription is required to renew a monetization mechanism that had previously been in place but was restricted to tips and one-time payments. Streamlabs now provides a subscription service that enables content producers to utilize its platform’s alternative money-raising mechanism to those that can be provided directly by the sites where the streams are displayed.
In addition to the possibility of generating a subscription under the traditional model of automatic recurring payments, Company also allows to send a one-time tip but setting reminders that notify monthly the fulfillment of a new period, to voluntarily repeat the payment.
The creators of Streamlabs do not keep a portion of the money that is transferred through this system, owing to the fact that commission was excluded. The payment processing fees are the only discounts to which these movements are subject; they are standard for any money transaction of this sort.
Those who use Streamlabs for their broadcasts are probably familiar with Streamlabs OBS, a version of Open Broadcaster Studio specially adapted to integrate with this service. Through this application or the account settings panel in its web version, it is possible to configure and manage this means of monetization with flexibility.
Streamlabs does not apply eligibility restrictions on the content streamed to access this crowdfunding platform as a middleman. PayPal, as a payments processor, and the platforms that host and broadcast the material in question are responsible for vetting candidates for this channel.