Have you ever considered how your Discord server might bring in money? A Discord payment bot is a fantastic tool for achieving this. You've come to the right place if you're thinking about monetization and want to find out more about the best Discord payment bot for your requirements.
This article is intended for those who run Discord servers and are looking at ways to make money from their communities.
There are many ways to monetize your Discord server. You can use a donation page, use affiliate marketing and also add a custom webpage directing users to generate revenue. Though, we will be talking about payment bots which is the newest and the most trending method which users are opting for these days.
What Is a Discord Payment Bot?
A Discord payment bot is a bot that allows users to pay other users or servers through Discord. These bots can be used to send payments, tips, or donations.
Some Discord payment bots also offer additional features, such as subscription management, inventory management, and more.
Why Use a Discord Payment Bot?
There are many reasons why you might want to use a Discord payment bot.
For example, you could use a Discord payment bot to:
- Collect tips or donations from your Discord community
- Sell products or services through Discord
- Manage subscriptions for your Discord server
- Sell access to part of or entire server
- Sell access to an exclusive role
What Are the Best Discord Payment Bots?
There are many Discord payment bots available, but not all of them are created equal.
Step 1: Create a Discord server: You would require a Discord account to complete the server creation process. You can either create a server from scratch or use a template found online.
Step 2: Log in to your Whop account: Visit the site and login using your Discord account, Twitter, wallet, or just email.
Step 3: Create your free company on Whop: I went with the Discord community option.
Step 4: After selecting your community, Whop Bot will join your server. Go to your role settings and make sure the Whop Bot role is at the top of your roles list – or at least higher than the role you want Whop to give access to upon purchasing your membership.
Step 5: Follow the steps and create a tier! And voila, you're already done. The process is one of the smoothest I've seen compared to any other platforms.
The best part is that Whop is totally free to use, only takes 3% of sales, and has plenty of amazing and advanced features including a free trial period, event tracking, secure payments using Stripe or any cryptocurrency wallet, membership kinds, numerous tiers, visibility, stock, and much more.
The greatest candidates for this approach are those who are committed to creating a successful business and turning it into a reliable source of income. And all of that for the most affordable (relatively free) price of any other services. For instance, Patreon takes a share of over 8–12% while offering far less community and membership freedoms.
Donate Bot is the easiest way to accept donations for your Discord server. With Donate Bot, you can accept donations from your Discord server members, and use those donations to give back to your community in the form of roles, perks, and more.
Here’s how to set up Donate Bot on your Discord server to start collecting donations:
- Invite Donate Bot to your Discord server.
- Set up your donation settings in the Donate Bot dashboard.
- Add a donation goal and start collecting donations!
- Use your donations to give back to your community in the form of roles, perks, and more.
However there are a lot of cons by going with this method. For starters, it's a third party application that processes payments through PayPal which has a 4.4% + $0.30 Fixed Fee. Whereas options like Whop only has a 3% fee with a vast option for features and security.
Other ways to monetize a Discord server
Monetizing a discord server is not an easy task. There are many ways to monetize a discord server. Here are some of the most common ways:
- Offer Premium Membership: One of the most common ways to monetize a discord server is by offering a premium membership. This can be done by setting up a subscription system where users can pay a monthly or yearly fee to access exclusive content, such as premium channels, voice chats, and server-wide events.
- Sell Merchandise: Another way to monetize a discord server is by selling merchandise. This can be anything from t-shirts to coffee mugs. Users can purchase these items through the server’s online store or through third-party websites.
- Use Advertising: Advertising is another way to monetize a discord server. This can be done by setting up ads on the server’s website or through third-party websites. Advertisers will pay the server owner based on the number of views or clicks their ad receives.
- Offer Services: Many discord servers offer services, such as voice coaching, game coaching, or even professional services. These services can be offered for a fee or on a subscription basis.
- Use Crowdfunding: Crowdfunding is a newer way to monetize a discord server. This can be done by setting up a Patreon account or through other crowdfunding platforms. Users can pledge money to the server owner in exchange for exclusive content, such as early access to new features, or access to a private server.
Discord Server Monetization Tips
- Keep It Relevant
- Offer Something of Value
- Be Transparent
- Don’t Overdo It
- Test the Waters
Discord servers can be monetized in a number of ways. The most important thing is to choose the right platform that is Whop and keep the content relevant to the users and to offer something of value. If done correctly, monetizing a discord server can be a great way to generate income.