VibePay & StreamElements to power instant payments for the gaming community

By Megha Bhattacharya

UK-based VibePay today announced a partnership with StreamElements to power instant payments and transform processing of tips. VibePay’s integration will enable gamers to instantly send and receive money from viewers and subscribers, directly from account to account for free. The FinTech is also launching its affiliate programme, which rewards streamers for connecting their viewers to VibePay. This includes referral rewards, sponsored giveaways and competitions.

Luke Massie, CEO of VibePay, said, “Gaming is one of the most creative and rapidly growing industries in the world, yet the community is still making and receiving tips through dated payment methods. As streaming is the main source of income for many people, they shouldn’t have to pay unfair fees and wait days, or even weeks, to receive tips which they rely on to live. Payments should be instant and seamlessly integrated into the streaming experience with no fees. Through our new partnerships, we want to make content creators’ lives easier and also help others who want to make the streaming dream a reality.”

Recently, VibePay announced new integrations with more UK banks and payment providers along with the launch of a business account function in its social payments app. The company stated that it currently has 24 banks integrated into its app, including new additions like Starling, Capital One, and Tesco. VibePay aims to boost engagement with its 50,000 users and drive sign-ups amongst its Gen Z audience.

Shay Ben Yacov, Product Manager at StreamElements, said, “StreamElements provides content creators with the platform to turn their passions and talents into a business. With streaming becoming the main profession for many users on our platform, VibePay will help these creators get paid easily through tips while being able to keep 100% of what they are given. This is just the start of the journey with the team at VibePay and we can’t wait to see what 2021 has in store.”