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[ COMPARE ]

Medium Partner Program vs Substack

Side-by-side comparison of Medium Partner Program and Substack referral programs. Which one earns you more? Here are the facts.

[ HIGHER PAYOUT ]

Substack offers up to 90% revenue share (lifetime).

Medium Partner Program
Substack
CATEGORY
CREATOR
CREATOR
COMMISSION
$0.01-100+ per article (read time)
Keep 90% of paid newsletter revenue
MODEL
revenue-share
revenue-share
MAX REV SHARE
90%
PAYOUT
fiat
fiat
MIN PAYOUT
$5
$10
FREQUENCY
MONTHLY
WEEKLY
FIRST PAYOUT
~30d
~7d
COOKIE
LIFETIME
LIFETIME
KYC
YES
YES
GEO BLOCKED
NONE
NONE
RISK
MEDIUM
LOW
RATING
3.4/5 (920)
4.4/5 (850)
PROGRAM AGE
9y
8y

Medium Partner Program

PROS
  • +Built-in audience discovery
  • +Get paid for writing
  • +No need for own platform
CONS
  • Algorithm changes = volatile income
  • Most articles earn $5-50
  • Need consistent publishing

Substack

PROS
  • +Keep 87% of revenue (after Stripe)
  • +Own your email list
  • +No upfront cost
CONS
  • Need to grow your own audience
  • Discoverability is weak
  • Slow growth without existing platform