Reddit will start paying real money for posts, where eligible users will be able to convert their Reddit gold and karma into fiat currency.
So far, the Reddit contributor program is limited to users in the United States (to start, at least) who are over the age of 18 and can verify their identity via Persona and Stripe. Accounts must have existed for over 30 days, and only safe for work posts can be monetized.
o withdraw money, redditors need to earn at least 10 gold within a 30-day period — if they don’t reach the threshold, the balance rolls over. For users with between 100 and 4,999 karma, they will receive $0.90 per 1 gold. Once you earn more than 5,000 karma, you can earn $1 per gold.
If top users earn $1.00 per gold, this means that Reddit retains around 50% of the payment, per TC.
Reddit will start paying real money for posts, where eligible users will be able to convert their Reddit gold and karma into fiat currency
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