Substack pays keep 90% of paid newsletter revenue (max 90% rev share). Payout in fiat via weekly settlement, min $10. Requires KYC. No geo restrictions. Risk: low. Rating 4.4/5 (850 reviews).
Substack
Newsletter platform. Free to start. 10% commission on paid subs. Top creators earn $1M+/year.
+ 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
Privately held. Most creator-friendly economics in newsletter space.
Terms
Notes
- 01Free for free newsletters
- 0210% Substack fee + 3% Stripe fee on paid
- 03You own your audience email list
Frequently asked about Substack
01How much does Substack pay affiliates?
Substack pays keep 90% of paid newsletter revenue. Maximum revenue share: 90%. Commission model: revenue-share. Payout in fiat, weekly. Minimum payout: $10.
02Is the Substack referral program legit?
Substack has been operating its referral program for 8 years. Risk level: low (Privately held. Most creator-friendly economics in newsletter space.). Community rating: 4.4/5 from 850 reviews. KYC verification required.
03Where is Substack blocked? Can I use it from my country?
Substack has no documented geographic restrictions and accepts users from most countries. Always verify on the official Substack site before signing up.
04How long until I see my first Substack payout?
Typical first payout: ~7 days after first conversion. After that, payouts are weekly. Cookie window: lifetime — you earn from your referral forever.
Rates shown are as published by the program on the verification date. Always confirm on the program's own affiliate page before acting.