In episode 100 of The Payments Show Podcast, I spoke to Tachat Igityan who is the Founder of destream.
destream is a financial platform for Content Creators which revolutionises the way content creators receive payments and donations.
AUDIO VERSION: thepayments.show
Too Many Creator Tools… Yet No Solution For MONEY
All platforms on the market right now are focused on the tools for Content Creators. It’s either a platform to publish content, to add additional content, additional skins, templates or whatever. But there is no platform which focuses on money. They say “just connect your PayPal”, and that's it. But the stories with PayPal, even on our side, e.g the huge transaction cut is one thing. Another thing is PayPal’s policies, that after a transaction, in 300-500 days without any questions, a payer can just get the refund without any explanation.
Content Creators are not Experts in Chargebacks and Fraud
Creators and Influencers don't know how to react when a refund or chargeback happens. That part we decided to take on. Try to have the creators create, not manage the banks and payments etc. We are professional on the side of transactions and money.
Creators are not Traditional “Merchants”
The (Creator) market is new, the market is growing fast. These are a new type of “merchant”. A Creator for banks is a merchant. But for banks and payment companies, the word merchant for them, it's like a small ecommerce website or whatever i.e someone who's selling “stuff”. The creators don't even know that they're merchants! They're just people who want to sell the one PDF, or just try if it's possible to sell or whatever. Maybe he will not sell anything. But he wants to try it. But for the banks, that doesn't mean he will be allowed to do that.
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