For example, a podcaster in Paris can receive a payment in euros even if fans are paying monthly subscriptions in dollars from Hong Kong.Īs part of the partnership, Spotify is also using other products such as Stripe Billing to bill customers with subscriptions and Stripe Radar, which uses machine learning to detect fraud. Spotify podcasters will now be able to accept payments in their preferred currency from around the world. The company has worked with creator platforms such as Patreon and Substack on payments tech, and recently helped TikTok launch a new feature for tipping creators. An analysis by the company last October showed that creators on 50 Stripe-powered platforms had earned nearly $10bn in revenue. Stripe said the music platform has joined hundreds of companies that are using its infrastructure to power payment services and boost the creator economy. “Stripe shared our passion for this feature their technology and ability to collaborate at speed helped enable the launch of Podcast Subscriptions in 2021, connecting creators and listeners across the world.” “Spotify Podcast Subscriptions make it easy for creators to establish and manage an important new revenue stream and for listeners to seamlessly subscribe to content that they enjoy,” Spotify’s global head of talk verticals, Michael Mignano, said. This will enable Spotify to expand its podcast subscription service to support dozens of currencies for thousands of creators across more than 30 countries. The streaming platform will use Stripe Connect – which helps facilitate purchases between third-party buyers and sellers – to streamline payments and identity verification for podcasters using its platform. ![]() Spotify recently launched Podcast Subscriptions, a service that allows podcasters on its platform to offer paid monthly content. ![]() ![]() ![]() Stripe has partnered with Spotify to help podcasters monetise their content. Spotify will expand its podcast subscription service with payment infrastructure from Stripe.
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