X Shifts U.S. Creator Payouts to X Money Payments Service
Elon Musk’s social media platform X has transitioned all U.S. creator payouts from Stripe to its in-house payments service, X Money, effective immediately. This change affects both the Original Content Rewards Program and subscriptions, allowing creators instant access to their earnings without waiting for a billing cycle or meeting minimum thresholds. Previously, payouts were processed every two weeks with a $30 threshold. The shift is part of broader changes in X’s creator programs, including the retirement of its Creator Revenue Sharing Program on September 7, which has been replaced by the Original Content Rewards Program emphasizing original content creation. X Money supports instant payments and offers features like a bank card with cashback rewards and digital banking services through Cross River Bank. X will issue tax forms (1099-NEC) for individual creators and collect W-9 information from LLCs to ensure accurate reporting.
