History: Web Monetization
Source of version: 27
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!! What is Website Monetization?
[https://en.wikipedia.org/wiki/Website_monetization|Website Monetization] is the process of making revenue from traffic coming to the website. There are many ways to monetize a website, such as pay per click, advertising, cost per impression advertising, banner advertising, affiliate programs, data monetization, paid subscriptions, donations and
web monetization.
!! How does Website Monetization work?
[https://dev.to/hacksultan/web-monetization-like-i-m-5-1418|Website Monetization] process involves mechanisms to pay the website creators in real-time. This is done via an API that uses Interledger Protocol micropayments to monetize a website or a streaming channel. Users can enable web monetization for payment streaming through polyfill or an extension. Content creators are able to implement it by adding a line of code to their website or specifying a streaming channel for web monetization.
!! Why use Website Monetization?
There are a number of appealing and interesting factors to implement Website Monetization. To list a few, Website Monetization is:
- Easy to set up - all you need is a tag
- Simple to use
- Secure
- No action required from users
- Traffic equals payment so quality content is rewarded
!! Website Monetization Providers
The most known service that pays content creators with the help of Website Monetization at the moment is [https://coil.com/|Coil].
!! How does [https://coil.com/|Coil] work?
Coil provides mechanisms to better reward the creators, publishers and any content creating platform. Coil members pay a fixed subscription fee each month for an unlimited access to all the website monetized content everywhere on the internet. Users aiming to set up the website monetization are allowed to create a free Creator account at Coil. The Coil creators also set up their digital wallets in which Coil sends in their payment every time a Coil member accesses the Coil creator's website. These micropayments are sent by Coil every two seconds. Therefore the platform provides and ensures timely payments to Coil creators that helps enhancing the user experience and overall platform reliability.
!! How to do Website Monetization with Coil using Tiki?
Integrating Coil with the Tiki is one of the most straightforward and simple processes. Tiki users can add content (the meta tag) in the Custom Code area provided at the top of every Tiki page. Thereby enabling and activating the Tiki Website Monetization. The feature is available in all the Tiki versions starting from version [http://doc.tiki.org/Tiki12|12]
Explained below is the step by step guide to implement Tiki Website Monetization using Coil
!!! __Step 1 - Create the Coil Account:__
The first step is to create a Coil creator account at the Coil website. This will also allow creating a Website Monetization Wallet in which the Coil will send the micropayments every time a Coil member visits the website.
To set up a Coil creator account, visit [https://coil.com/|Coil website].
!!! __Step 2 - Setup Payment Pointer:__
The next thing you need is a payment pointer. The payment pointer will tell Coil where to send the donations that are coming in from the Coil members visiting your Tiki site.
You can easily set up your payment pointer from the settings panel in your profile on the Coil website. Simply navigate to the settings page and click on the "Payout" tab. In the tab, you will find an overview of different payout options including a setup guide.
The payment pointer is not confidential and bears no security risks, so do not worry about hiding it.
!! __Step 3 - Integrate Coil with Tiki:__
Tiki provides its users 2 options for the Coil integration:
# The first way is to enable the monetization setting for a particular website from the Tiki settings menu. This allows designating specific Web Monetization settings for a particular website.
# The second option is to enable website monetization from the Tiki user account. This enables the Website Monetization for all the Tiki websites created by the particular user account and so automatically links the websites to the particular Coil creator account that is associated with the user account.
* ''However, this must be noted that the user must enable the monetization from the Tiki settings menu first and then s/he will be able to enable the monetization for the particular user account, i.e., apply option 1 first followed by option 2 (if required). ''
!!!!''__ Option 1 - Enabling Website Monetization from the Settings:__''
From Tiki Control Panels, enable the feature "Web Monetization" displayed under Settings > Control Panel > Features > Global Features. After that set the Default Payment Pointer to where the payments should be made, i.e., enter your Payment Pointer that you had setup in the Step 2.
If you want to monetize the entire website, check the Enable for all pages preference.
You may also add here the Default paywall text that is used with the [PluginCoil|wikiplugin_coil] when {ELSE} is not set.
{img fileId="1773" thumb="y" alt="" rel="box[g]"}
!!!!''__ Option 2 - Enabling Website Monetization from the Tiki user account:__''
Click your name from the drop down menu given on the top right corner of Tiki website. This will redirect you to the User Information page.
On this page enter the Payment Pointer acquired in step 2, under Preferences > Preferences tab > Web Monetization. In the same place, you may configure the Default paywall text.
{img fileId="1774"}