An Unfortunate Early Halt for My Medium Endeavour
Published on March 1, 2024
Published on Wealthy Affiliate — a platform for building real online businesses with modern training and AI.
Hey folks,
Inspired by Christina and Diane, I recently created a Medium account and started writing articles.
My initial plan was of course to promote my blog, but making some money through the Partner Program seemed to be an appealing prospect.
I joined a couple of publications, starting gaining a few followers, and for a start, it's reasonable to say everything was going pretty smoothly.
However, I was unfortunately hit with a roadblock. And then a more massive one.
The First Roadblock
Medium manages payments through Stripe.
It turns out that if you don't reside in a country that has a tax treaty with the US, your earnings are subject to a 30% withholding tax rate.
In other words, you'll only have access to $7 out of every $10 you make through the Partner Program.
It's not great news, but I thought I'll manage. Making money on Medium was a side quest anyway.
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The Second Roadblock
More woes to the fellow who doesn't live in North America or Europe.
Stripe requires that all residents of the UAE submit either a trade license or a freelancer permit to be able to earn money with Medium.
This was a big inconvenience.
I'm not a business. I'm not trading. I'm just writing articles, can you leave me alone?
Then I thought: fine, let me see how tedious the application process is.
Step #1: How much does it cost?
It turns out that a trade license/freelancer permit in the UAE costs at the very least:
.
.
.
$2000.
No thank you.
I guess I'll have to scrap out the side quest and just view Medium for what it initially looked like for me: A place to raise awareness of my website.
Thanks for reading.
Yusuf
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