: Facebook won’t be taking a share from creator revenue until 2023 #IndiaNEWS #Facebook Monetization features such as paid online events, fan subscriptions, that enable creators to earn revenue from

Facebook won’t be taking a share from creator revenue until 2023 #IndiaNEWS #Facebook
Monetization features such as paid online events, fan subscriptions, that enable creators to earn revenue from Facebook and owned platforms will allow creators to withdraw their earnings without charging a fee or taking a share.

For transactions on Android and Web in countries where Facebook Pay is available, Facebook will not collect any fees until 2023 and the creator will keep 100% of the revenue generated.

Creators will be paid 70% of the revenue generated from transactions on iOS, after the reduction of 30% App Store tax, as Facebook Pay is not available on iOS.

Also Read: Instagram & Facebook launch updates to boost creators’ business

Mark Zuckerberg mentioned that the revenue share to be introduced in the future will be less than 30%. Paid online events, fan subscriptions, badges, and the upcoming independent news products are the monetization features that will remain free of a Facebook share, for creators. He also announced the launch of a new payout interface.

Paid Online Events, introduced in August 2020, has also been expanded to over 24 countries and fan subscriptions are live in over 25+ markets. Such features have been monetizing the surge of digital content on online platforms caused by the pandemic.

The announcement of the launch of a new payout interface where creators can keep a track of how taxes and fees from different companies impact their earnings may smoothen out concerns of creators over revenue.The post Facebook wont be taking a share from creator revenue until 2023 appeared first on Social Samosa.