Web Monetization

We’ve just started experimenting with Web Monetization, a standard for streaming payments on the web. I wrote a little about it here:

As I mention in that post, Write.as now has the capability for Web Monetization! If you’d like to try this out, just send us your payment pointer to @support and we’ll add it to any (or all) of your blogs. Note: Since this is a Write.as Labs feature, you’ll need to be a Pro user to take advantage of this.

What do you all think about this? Are you interested in trying it out? Is anything confusing? Would you rather avoid monetizing your work? Any input you have is welcome!

4 Likes

Not bad. I always find myself overwhelmed and dumbfounded by digital payment and fintech and how it all ACTUALLY works, but I went ahead and created a GateHub account (verification pending) to see what I can do here. It looks (and in all honesty is) beyond complicated with what is involved, on THEIR end (in this case GateHub), but it seems easy enough for me. Cool that the monetization method W.a went with (or is going with now) is kind of in the vein of crypto-indie-decentralized-privacy friendly sort of…thing. lol!

Anyway, I really look forward to trying this out :slight_smile:

1 Like

Pardon my ignorance as I can’t seem to wrap my head around how this should work. My understanding is, if I click and read a blog post that has web monetization enabled, small amounts of money will be streaming from my wallet to the author. My initial thought was, wouldn’t this dissuade readers from reading blog posts? I mean, if I know I’m going to be giving away money by just reading an article that I don’t know is good or not, I wouldn’t want to read in the first place.

That’s a great point! But I think there are a few aspects of this that potentially make it a minor issue… For one, the money probably comes from a subscription you’ve already paid, e.g. the $5/month you’d pay for a Coil subscription (one provider). But more importantly, the amounts are very small – about $0.36 / hour of read time – so even if you decide you don’t like an article, there’s relatively little lost.

Otherwise, since this is a browser technology, it’s actually possible to dynamically control the flow of money. So for example, we (the platform) or you (the writer) could add some custom Javascript that adds a button to the page – maybe it says “Start paying this writer” – and only enables monetization after the reader clicks that button. That’s just one way readers might get more control over everything.

1 Like

I see. In that case, yeah I agree, it is not as big of a problem as I thought. Thank you for explaining it to me. I’m still not sold on it, but I’m curious to see how it will pan out.

To be honest, my preference would still be to have some kind of “tip” widget that shows up at the bottom/end of a post. However, that’s no different from making use of Buy Me A Coffee or Ko-fi. I actually appreciate that you guys are trying something different on here.

1 Like

My main question is How likely is it for one to actually earn more than the cost of premium membership that would be required to get involved in monetization and therefore would it be worth the effort?

Is it CPM or CPC? And what are the rates?

Yep, like I discussed a bit in the blog post, I’d like to work toward supporting multiple income streams. So while this is a start, it definitely doesn’t rule out tips, download fees, premium content, one-time payments, subscriptions, etc.

1 Like

Though it’s possible to make more than the monthly cost of a subscription, this probably wouldn’t be the sole reason you’d want to upgrade – there are plenty of other features included with Pro that you might want for your blog.

Payments stream to you based on reading time, at a rate of $0.36 / hour / user.

I’m 100% behind this. Having a way for folks to monetize their blogs and writing is essential and using web standards is the way to go. I hope this catches on more and I will definitely send you my payment pointer to try it out!

1 Like

Maybe team up with places like Gumroad and Stripe. Would be cool if I could set up a subscription service in say Gumroad and then just freely write in write.as pointing to that subscription target.