Audio-chat app Clubhouse said on Monday it will launch a monetization feature for its creators on the platform and that it will not receive any payment from it. Starting Monday, all users will be able to send payments through the platform, Clubhouse said. The payments feature will initially be available among a small test group and then rolled out to other users in waves. Sending money through the app will hold a minor card processing fee by digital payment firm Stripe, the audio-based social network company said.

The San Francisco app, which lets people gather in audio chatrooms to discuss different topics, requires newcomers to be invited by existing users before they can join. The app saw its global user numbers soar after Tesla Chief Executive Elon Musk and Robinhood chief Vlad Tenev held a surprise discussion on the platform.
Here’s how it will work: A user can send a payment in Clubhouse by going to the profile of the creator to whom they want to give money. If the creator has the feature enabled, the user will be able to tap “Send Money” and enter an amount. It’s like a virtual tip jar or a Clubhouse-branded version of Venmo.

• What is Stock Order : Types, Differences & How Order Works
• India’s Business Activity Hits 3-Month High in Nov Amid Rising Costs
• Trudeau to Cut Sales Tax and Send Checks to Canadians Ahead of Election
• Ashwini Vaishnaw Encourages German Companies to Invest in India
• Flipkart Appoints Dan Bartlett to Board

“100% of the payment will go to the creator. The person sending the money will also be charged a small card processing fee, which will go directly to our payment processing partner, Stripe,” the post reads. “Clubhouse will take nothing.” Stripe CEO Patrick Collison tweeted shortly after the blog post went up that “It’s cool to see a new social platform focus first on participant income rather than internalized monetization/advertising.”