Reddit will allow users to earn ‘real money’ with new Contributor Program (2024)

Social media platform Reddit announced on Monday that it will start paying content creators on the platform. The company announced changes to its Gold currency and launched the new Contributor Program which will allow eligible users to earn money for their content.

Informing about the new update via blogpost, Reddit wrote, “Starting today, we’re introducing an update to Reddit gold and rolling out a new program where qualifying Redditors, including mods, can be rewarded with money for their contributions to Reddit."

Changes to Reddit Gold:

Reddit on Monday said that the company is ‘simplifying’ the experience of awarding content with a new gold system. Reddit users can long-press the upvote icon on mobile or hover over it on desktop over the post or comment they want to reward. Redditors can now reward content creators with 6 gold currency options starting at $1.99 and going to $49.

The new update rolled out to selected communities on the mobile apps from Monday and more communities are set to be added in the coming weeks. Reddit also said that support for web will be available later this year.

Reddit Contributor Programme:

Reddit also announced the launch of the new Contributor Program which will allow qualifying users and moderators to be awarded real money for the content they share on the platform. The earnings from the programme will depend on the amount of karma earned and gold received by the content creators.

When and how to be eligible for Reddit's Contributor Program?

Reddit announced on Monday that it is "simplifying" the experience of rewarding content with a new gold system. Reddit users can long-press the upvote icon on mobile or hover over the post or comment they want to reward on desktop. Redditors will now be able to reward content creators with 6 gold currency options, starting at $1.99 and going up to $49.

The new update rolled out to select communities on the mobile apps on Monday, with more communities to be added in the coming weeks. Reddit also said that web support will be available later this year.

3.6 Crore Indians visited in a single day choosing us as India's undisputed platform for General Election Results. Explore the latest updates here!

Catch all the Technology News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.

MoreLess

Published: 26 Sep 2023, 03:40 PM IST

Reddit will allow users to earn ‘real money’ with new Contributor Program (2024)

FAQs

How much can you earn with the Reddit Contributor Program? ›

How much can I earn with the Contributor Program?

Contributor Tier	Karma (Over 12 mo period)	Payout Rate (Dollars per Gold)
Top contributor	5000+ Karma	$0.01 per 1 Gold
Non-contributor	0-99 Karma	No payout; balance rolls over
Contributor	100-4999 Karma	$0.009 per 1 Gold

May 15, 2024

Read On ›

What is the contributor program on Reddit? ›

There are two tiers in the Contributor Program: Contributor and Top Contributor. A Contributor is someone who earned 100–4,999 karma in a 12-month period after earning their first gold. A Top Contributor is someone who earned 5,000+ karma within a 12-month period after earning their first gold.

Discover More Details ›

What is the contributor monetization policy on Reddit? ›

Your Contributor Earnings will be determined based on the quality of your Eligible Contributions to the community, which is measured by the amount of karma you earned starting on the day you first received Gold and within the last 12 months as described here and the amount of Gold you received from Eligible ...

Do you have to pay for Reddit gold? ›

You can buy gold in the following increments and prices: 100 Gold ($1.99 Mobile / $1.79 Web) 200 Gold ($3.99 Mobile / $3.59 Web) 300 Gold ($5.99 Mobile / $5.39 Web)

See Details ›

How well does Reddit pay? ›

The average reddit salary ranges from approximately $72,000 per year for Operations Associate to $251,214 per year for Director of Engineering. Salary information comes from 384 data points collected directly from employees, users, and past and present job advertisem*nts on Indeed in the past 36 months.

Find Out More ›

How much does a Reddit admin get paid? ›

Get feedback on your pay or offer

Create an anonymous post and get feedback on your pay from other professionals. The estimated total pay range for a Administrative at Reddit is $56K–$105K per year, which includes base salary and additional pay. The average Administrative base salary at Reddit is $75K per year.

Tell Me More ›

Does anyone make money on Reddit? ›

Outside of being hired by Reddit to help operate the site or perform some other function you cannot make money directly from Reddit. Most people who profit here are those who buy advertising and see increased sales at their website for their service or product.

Show Me More ›

What do I do with Reddit award? ›

Awards are given by redditors to celebrate or react to content. If you've received an award, enjoy it! Feel proud! Awards help posts and comments stand out as some of the best content on Reddit.

Explore More ›

How is Reddit making money? ›

The company generates revenue through advertising and an ad-free premium membership plan. Reddit operates in the application-software segment of the technology industry, providing software that allows users to share media content.

Can you get paid as a redditor? ›

If you qualify, you'll receive a payout once minimum gold and karma thresholds are met, according to Reddit. Redditors typically give gold to posts and comments they see as good content. Top contributors earn the most; the more karma and gold earned, the more money you receive.

Show Me More ›

Will Reddit pay users? ›

Reddit has unveiled plans to pay its top contributors cash for popular posts, starting in the US on Tuesday. The social media site will split revenue with people who are awarded "gold" by other users, who pay a fee.

Read The Full Story ›

What are the requirements for Reddit monetization? ›

Eligible Contributor

You reside in a country where Reddit's Contributor Program is available. You have a Reddit account that has been active for a minimum of 30 days and is registered with a verified email address. You successfully verify your identity with Persona. You connect a verified Stripe account.

See Details ›

How to be eligible for the Reddit contributor program? ›

Age Requirements: To be eligible to participate in the program, contributors must be 18 years or older. Additionally, your Reddit account must be at least 30 days old. Activity Level: The program is designed for active contributors who regularly submit quality content and engage with the community.

Get More Info Here ›

Why would anyone pay for Reddit premium? ›

Reddit Premium members get ad-free browsing, exclusive avatar gear, custom app icons, and access to r/lounge. Reddit Premium.

Does Reddit pay for content? ›

Yes, you can earn real money from Reddit. You will not be paid directly from Reddit. However, you will find opportunities to earn money through subreddits, which are niche forums within Reddit.

How much do Reddit mods get paid? ›

As of Jun 13, 2024, the average annual pay for a Reddit Mod in the United States is $86,334 a year. Just in case you need a simple salary calculator, that works out to be approximately $41.51 an hour. This is the equivalent of $1,660/week or $7,194/month.

View Details ›

Can you earn money from Reddit Awards? ›

Awards help posts and comments stand out as some of the best content on Reddit. If you're eligible for the Contributor Program and your content meets the requirements for monetization, you can receive cash from Reddit for the gold and karma you earn on qualifying contributions.

How much do Reddit IT support get paid? ›

Average reddit IT Support yearly pay in the United States is approximately $113,000, which is 100% above the national average.

Learn More ›