X transitions US creator payouts from Stripe to X Money, making it the sole payment method

Mandatory Shift to X Money for US Creators

X has mandated that all creator payouts in the United States will now be handled solely through X Money, the platform's proprietary payments service. This applies to both the Original Content Rewards Program and creator subscriptions. This change eliminates the previous option of receiving payments via Stripe.

Instant Payouts and Removed Thresholds

The transition to X Money introduces instant payouts for creators. Previously, payments were processed every two weeks and required a minimum payout of $30. With X Money, creators can access their funds immediately without waiting for a billing cycle to end or reaching a specific threshold.

Integration with X's Broader Financial Services

X Money is part of X's larger initiative to become an "everything app," offering various digital banking services. These include a bank card with 3% cash back, free ATM withdrawals, and other features. Although X Money provides these services, accounts are held at the FDIC-insured Cross River Bank, as X Money itself is not a bank.

Creator Program Adjustments and Tax Implications

This payment system change follows other adjustments to X's creator programs, including the retirement of the Creator Revenue Sharing Program on September 7, with creators being shifted to the Original Content Rewards Program. For tax purposes, X will issue a 1099-NEC for individual creators and collect W-9 information from LLCs to ensure accurate 1099s.