How to Make Money on Twitch
Looking to earn money on Twitch? Not sure where to start? In this guide we'll explain the requirements on becoming a Twitch affiliate and include information on the multiple payment options.
Read this article →Setting up your donations on Twitch isn’t as simple as enabling a “pay now” button. Some people prefer to set up donations with Streamlabs, others want to know how to set up PayPal donations on Twitch. These are just some of the myriad of third-party options for payment that are available for Twitch users. This article explains setting up a donations button on Twitch and several of the payment options available for users, including how to get donations on Twitch without PayPal.
We’ll also cover the impact of the Brave browser and the ease of using Brave Rewards to send and receive donations directly.
A popular method of payment is cryptocurrencies, simply because using them to send funds is simple and cheap, compared to other transactions. Twitch users can share their wallet’s address with viewers, allowing them to then send cryptocurrencies directly. The most common issue with sending cryptocurrencies is getting the correct type of wallet. For instance, Bitcoin cannot be sent to an Ethereum wallet, so labeling each address correctly is a must.
The Brave browser simplifies the problems usually faced with cryptocurrency donations. Brave Rewards allows users to donate directly from wallet to wallet. Brave users can tip Twitch streamers directly. BAT is a utility token that runs on the Ethereum blockchain, making for a highly secure and private system. There’s no need to set up a separate process - just remind your viewers to download and use the Brave browser.
The official Twitch donation system, Twitch Bits, or cheers, are purchased directly from Amazon payments with real cash. Cheers are Twitch’s version of cryptocurrencies and each bit pays for special audio and visual alerts. Cheers are also displayed in the special badges in a chat; the more Bits used, the higher the badge.
Without a doubt, Paypal is the easiest way to accept payment on Twitch. Despite that, it’s a method that does bring some drawbacks: there’s an increased risk of fraud, and PayPal adds an extra step in the payment process. To set up PayPal for donations, follow these steps:
A variety of third-party services exist to collect donations for Twitch users. Sites like Muxy, StreamLabs, Stream Elements, and Gaming for Good all create a donation page on their specific server which viewers can visit and donate.
Donations are a helpful way to make a small revenue on Twitch, although larger accounts generally use Twitch Subscriptions which pay substantially more for Twitch partners or affiliates.
Donations on Twitch are taxable and should be claimed on a tax return.
One of the downsides to using Paypal is chargebacks, where scammers pay using Paypal and then file a complaint with Paypal that they never received anything in return. Paypal usually sides with the buyer and withdraws the sum from the account. For many users, chargebacks alone are a reason to avoid using Paypal, despite the popularity and ease of the service.
Verbalizing your donation link in your channel is the best way to get donations through Twitch. If you’re a small channel, you could also create a list on your channel page for top donors, which publicly thank the donor and encourages repeat donations.
The Twitch platform fits naturally into the new Brave internet economy. Third-party ads don’t work as well on Twitch; the majority of the ways to make money on Twitch rely on using the viewership base for a particular channel rather than relying on advertising income.
Brave, with its focus on user security and privacy, provides an easy way for Twitch streamers to draw increased revenue. Brave lets Twitch viewers bypass all the third-party donation systems, tipping their favorite streamers directly.
Looking to earn money on Twitch? Not sure where to start? In this guide we'll explain the requirements on becoming a Twitch affiliate and include information on the multiple payment options.
Read this article →Ever wonder how much the top streamers on Twitch make? We’ll look at some of the numbers behind Twitch streamer income, and how the Brave browser could benefit them.
Read this article →Want to know what the requirements are to to become an affiliate on Twitch? This guide tells you what's needed to get started and offers tips on how to earn from it.
Read this article →