With over 1 billion active users, Instagram ranks among the most widely used social media sites. Users can post tales, movies, and images with their followers using this platform. Through sponsored posts and paid advertising, the site also gives brands and influencers the chance to monetise their content. Knowing which cards Instagram supports is crucial before taking advantage of these opportunities.
At the moment, Instagram accepts Visa, Mastercard, and American Express credit and debit cards. These cards can be used to buy anything inside the app, like through Instagram shopping or paid advertising to promote posts. PayPal is a supported payment method on Instagram as well.
Influencers and content producers have the option of making money on Instagram through sponsored posts. The number of followers, engagement rates, and niche of the influencer can all affect how much is paid per post. Influencer Marketing Hub estimates that for accounts with 100,000 followers or more, a sponsored post on Instagram costs $300 to $1,000 on average. Earnings per post for accounts with more over 1 million followers can reach $10,000.
Users must first create a Facebook Ads account in order to promote posts through paid advertising on Instagram. From there, customers may use their preferred payment method to build and run Instagram advertising. Credit cards, debit cards, PayPal, and Facebook ad credits are just a few of the payment methods that Instagram accepts.
Reels, an Instagram feature that lets users make short movies akin to TikTok, was just introduced. Reels does not presently provide direct monetization opportunities, although Instagram has stated that it will do so in the future. Influencers and content producers may have yet another chance to make money on the network as a result of this.
In conclusion, Instagram accepts PayPal for in-app purchases and paid advertising, as well as credit and debit cards from Visa, Mastercard, and American Express. Through sponsored posts, influencers and content producers can make money, with the payout amount altering according on their following and engagement rates. Users must set up a Facebook Ads account and select their chosen payment option in order to promote content through sponsored advertising. Reels does not presently provide direct monetization alternatives, although Instagram intends to add one in the future.