Koris: Empowering Content Creators with Streamlined and Automated Payments | by Alice Liu | KORIS | Jul, 2023

Payments With Koris: A Streamlined Approach For Content Creators

Being a content creator today can be frustrating and cumbersome when it comes to getting paid. But with Koris, a revolutionary marketing platform, content creators can now enjoy a streamlined, efficient and automated payment process. By leveraging payment streaming, Koris removes the complexities and delays associated with traditional payment methods, ensuring creators have a continuous and guaranteed flow of income.

The conventional process of compensating content creators is complicated and time-consuming. Setting up an Electronic Funds Transfer or wire transfer for recurring payments requires manual data entry and waiting up to a week for the transaction to reach the account. Let’s not even mention the hassle of physical paper checks that take weeks to arrive in the mail and then need to be cashed. Each check mailed and EFT/wire transfer costs time and money for the platform.

Since this payment process is largely manual, only a small percentage of payments can be sent to justify the costs of this process. Popular platforms for content creators like YouTube, TikTok, and Twitter have strict eligibility criteria for receiving revenue payments. In order to be eligible for revenue payments on YouTube, a creator needs at least 1,000 subscribers and 4,000 hours of watchtime. TikTok’s requirements specify that you have at least 10,000 followers and 100,000 views in the past 30 days. Twitter has even higher submission requirements, where creators need at least 5,000,000 post impressions within a 3 month period to be eligible for any revenue. These restrictions limit the amount of creators, and only a small fraction get paid for the content that they produce.

In short, it takes a potentially indefinite amount of time for any payment distribution to occur using existing social platforms, and if it occurs, there is a large platform fee that gets taken from each creators’ revenue. YouTube is the most transparent, specifying a platform fee of 45%, while both Twitter and TikTok do not include their platform fees, although they likely charge more than YouTube.

Koris disrupts this outdated system by automating the payment process. Content creators can now receive instant and continuous payments with limited requirements for submissions. Unlike other platforms that limit earning potential to top performers, on Koris, anyone can submit content and instantly get paid.

With payment streaming, creators receive payments every second and see their earnings flow directly to them. Each creator’s payment flows in a continuous stream at a guaranteed rate until the total task bounty runs out or the campaign ends. If a creator submits content to multiple bounties, they will also receive multiple payment streams. This simplifies the compensation process, removing unnecessary obstacles and extra fees.

Unlike traditional jobs where bulk payments are given biweekly as a base salary and quarterly as a performance bonus, Koris provides consistent payment streams and instant rewards based on results achieved. Creators can receive a baseline rate for meeting minimum task criteria and a bonus rate for exceeding specific performance or KPI metrics.

Fair Compensation with a Continuous Income

By receiving a continuous stream of revenue in real-time, creators can manage their finances more effectively and maintain a consistent income. They are rewarded fairfly for their work, as payments are directly tied to the value they provide.

Reduced Friction and Overhead

Koris reduces the need for third-parties (such as banks or signers) in the payment process. As a result of eliminating the middlemen, Koris reduces transaction costs and enables direct peer-to-peer payments between marketers and creators. Content creators can retain a larger share of their earnings, without these intermediaries deducting fees or commissions.

Elimination of Intermediaries and Global Accessibility

Koris’ payment streaming minimizes the friction and administrative overhead associated with traditional payment processes. Creators no longer need to handle manual payment processing, invoicing or reconciliations. With Koris, the entire payment process is automated, allowing creators to focus more on creating content and worry about managing payments. Creators can also work anywhere and at any time, receiving payments from anywhere in the world without worrying about cross-border transaction complexities or high fees.

How can Koris’ payment streaming approach address the challenges content creators face? Content creators across various social media platforms often struggle with:

• Inability to see tangible engagement results
• Lack of knowledge on effective content monetization
• Limited creative freedom in partnerships

Tracking and Rewarding High Engagement Results

Determining what content resonates with the audience and extracting value from it can be challenging. After uploading content to social media platforms, creators often lose touch with their audience. It’s difficult for creators to gauge how their content is being used. Many pour significant time and resources into creation without knowing what works and what doesn’t.

In the future, Koris will allow for “performance marketing” where content creators not only are able track engagement metrics, but also be directly rewarded for their performance. All content creators receive rewards, with higher-performing content earning greater rewards and are incentivized to achieve even better metrics.

Monetizing Content And Ensuring Consistent Earnings

Many content creators struggle to monetize their valuable content and earn a living from it. According to a study by Linktree, only 35% of content creators have monetized their content but haven’t earned enough to make a living, while 59% haven’t monetized at all.

Creators often feel their hard work isn’t adequately compensated. The few existing monetization options, such as ad revenue, sponsorships, collaborations, and paid memberships, seem to be available to only top performers. With Koris, all content creators can make money without relying on sponsors or advertising. Payments are automatic, eliminating the need to frantically explore and exhaust different monetization options after the work is already done.

Maintaining Creative Freedom

Brand partnership and sponsorships are common ways for creators to gain visibility and earn money. However, in the influencer marketing industry, working with brands often means sacrificing creative freedom, as creators have to adhere to brand guidelines.

It’s not uncommon for brands to request last-minute changes. Re-planning, re-executing, and re-editing can be exhausting for creators. With Koris, creators retain flexibility and creative control over the content they create and how they convey their message. Creators are no longer ordered to make constant change — as long as they achieve the minimum campaign criteria, they have more freedom in their creative processes.

Koris represents a new future for content creators by offering a streamlined approach to payments that eliminates the complexities and delays associated with traditional payment methods.

With Koris, content creators can receive payments in real-time, retain control over their earnings, and enjoy consistent income. From tracking and rewarding high engagement results to ensuring consistent earnings and maintaining creative freedom, Koris revolutionizes the landscape for content creators, empowering them with a more efficient and rewarding payment experience.

Stay updated with Koris’ developments on payment streaming and more at Koris’ Twitter: https://twitter.com/korisdac