Creators are driving a revolution in digital commerce and culture – producing content that entertains, engages, and educates online communities in powerful new ways.

To serve this growing category of small business, Visa announced the launch of the Visa Ready Creator Commerce program. The global initiative will help creator-centric platforms, such as social-commerce and video gaming companies, embed financial tools – like faster and more flexible payouts through Visa Direct and tipping and donations.

“Creators are reshaping and expanding the small business ecosystem,” said Vanessa Colella, SVP and Global Head of Innovation and Digital Partnerships at Visa. “We want to harness the scale and reach of our network to help this community thrive. With the Visa Ready Creator Commerce program, we’re building a connective layer – bringing platforms and technology enablers together to deliver modern financial tools for the creator economy.”

Helping creators get paid faster

The creator economy is one of the fastest-growing categories of small business, with more than 50 million artists, musicians and creators publishing content as a full or part-time source of income. Social commerce, which includes creator-driven work, is expected to reach $1.2 trillion by 2025.

For many small businesses, cash flow is a persistent challenge. Creators need to move capital quickly to build momentum and gain a following. In fact, 69% of creators surveyed by Visa say that waiting for payouts slows their momentum and 88% would engage more with a platform that offers instant payouts. Immediate access to earnings can help creators capitalize on viral moments, opening further opportunities for advertising and brand and partnerships. Through the Visa Ready Creator Commerce program, creator platforms can get connected to Visa Direct, enabling creators to access their funds in near real time.

The ability to receive gifts, tips, and donations from fans and followers is another vital tool for creators in monetizing their work and growing their business. Through the Visa Ready program, qualifying platforms can enable tipping and subscriptions, and unlock new income streams for creators globally. 

Working with industry leaders

To help bring these solutions and partnerships to the forefront, Visa is planning creator commerce solutions with companies such as Linktree, Marqeta, Rutter and SamCart.

“Providing creators with new tools, resources and avenues to make money from their work online is more important than ever,” said Alex Zaccaria, CEO and Co-Founder, Linktree. “Linktree is proud to join forces with Visa to help creators unlock greater potential and opportunity and to empower all creators to curate, grow and monetize their world.”

“The world is shifting, and for many, the traditional two-week pay cycle is becoming increasingly outdated – especially with the rise of the creator economy and social commerce,” said Simon Khalaf, Chief Product Officer, Marqeta. “Being able to access faster payouts has the potential to make a significant difference for creative businesses, and we’re proud to support Visa on the Visa Ready Creator Commerce program. Through Marqeta’s modern card issuing platform, we’re enabling instant issuance and digital payments that we believe sets up the creator economy for continued growth and success.”

"With the proliferation of e-commerce channels and tools, creators have to make sure their technology stack is integrated, said Peter Zhou, CEO, Rutter. “Rutter is quickly becoming the connective tissue across all tools, making it easier for creators to get started and leverage the tools they need. Turning on capabilities through Visa Ready Creator Commerce helps Rutter connect these tools for creators."

“Visa’s creator payouts solutions with SamCart will help creators get paid faster, which gives them the ability to reinvest in their business to fuel their growth. SamCart is a leading eCommerce platform built for creators, by creators. Our 40,000+ creators have collectively earned more than $2.8B with us,” said Brian Moran, Co-founder & Chief Strategy Officer of SamCart. “With this new Visa program, we will be able help creators get access to those funds within minutes by simply using their Visa debit cards.”

The Visa Ready Creator Commerce program expands on Visa’s commitment to educating, empowering and enabling the entrepreneurs within the creator ecosystem. Earlier this year, Visa launched The Visa Creator Program, a one-year immersion experience to help creators navigate the technology behind NFTs and better understand how they can monetize their creativity using these new technologies.