With RedCircle, you can easily collect tips from your listeners. If your audience loves your work, they can tip you a few dollars in less than a minute. RedCircle makes receiving tips like these simple.
Connecting Your Bank Account
The first step for collecting tips is to connect your bank account to your RedCircle account. RedCircle partners with Stripe to provide seamless payments directly into your bank account. Stripe is the industry leader in payments processing and offers top-notch security.
After entering your banking info with Stripe, you'll be returned to RedCircle's money page. From this page, you can track what tips you've received and transfer your tips to your bank account.
Once you've connected up your Bank Account, you can control whether a tipping link appears on RedCircle's public web page for your podcast / in your podcast's show notes. To enable / disable tipping for one of your podcasts, log in to RedCircle and visit the 'Podcasts' page.
Click on the image of your podcast to get to your podcast's page. From the podcast's page, select the '...' next to the podcast title, and click on 'Podcast Settings' from the drop down.
In your podcast's settings form, under 'More Options' you'll find a checkbox to enable / disable tipping.
Once you've enabled tipping, a tip button will appear on your podcast's public web page, and in the description of your show / episodes wherever your podcast is distributed.
We founded RedCircle to help podcasters to be able to freely create, easily grow, and seamlessly monetize their work. While RedCircle does take a fee for providing its tipping service, we want to make sure we give the most money possible to the person who deserves it most: you, the creator.
In order to process the credit card transaction, Stripe takes its standard 2.9% + $0.30 fee on each charge. In addition, RedCircle collects a 4.5% share of the transaction in return for its services. When you cash out your balance to your bank account, Stripe takes an additional $0.25 for the transfer.
You receive 3 tips this month for $1.99, $1.99, and $4.99. When you transfer them to your bank:
Tip 1: $1.99 - (2.9% of $1.99) - ($0.30) - (4.5% of 1.99) = $1.54
Tip 2: $1.99 - (2.9% of $1.99) - ($0.30) - (4.5% of 1.99) = $1.54
Tip 3: $4.99 - (2.9% of $4.99) - ($0.30) - (4.5% of 4.99) = $4.33
Total after Stripe fees and RedCircle share: $7.41
Total after $0.25 Stripe cash out fee: $7.16