25 June 2021
Twitter has officially previewed the Ticketed Spaces feature in the United States. This is nothing but a paid version of the Spaces feature where hosts will be able to charge money from attendees. It will be tested with a small group of users in the U.S. and then will be expanded to other regions eventually.
Users will be allowed to set the amount of fee they want to charge from their followers. Twitter will be taking a 20% cut from the Ticketed Spaces fee after Apple and Google have taken their respective cuts. It means let's say you host a space for a $10 fee, you will get to keep 80% of the $7 that will be left after those two tech giants have their shares. It has partnered with Stripe for handling transactions and will be taking care of all the transaction fees.
The announcement reveals that Twitter's Ticketed Spaces will be available to users with at least 1,000 followers. They should also be 18 years or older and should have hosted a minimum of three Spaces in the last 30 days. Twitter says eligible users will still have to submit an application to get approval. It can be done by visiting "Monetization" settings from the app or the website.
Twitter is currently allowing only U.S.-based users to apply for Ticketed Spaces. However, anyone from anywhere in the world can purchase a ticket and attend paid spaces. The company has been focusing on the monetization aspect of the platform in recent times. It has talked about introducing Super Follow where followers can pay to get access to unique content. It is also working on a paid subscription service called Twitter Blue.