How to Manage Money for Your Discord Community

Unless you've been living under a rock and off the internet for the last few years, you've probably heard of popular online communities like Discord. 

Discord is a communication and community-building platform hosted on servers. While it was initially designed for gamers, today it's used by people of all backgrounds and interests. It offers users text, voice, and video chat options to share and communicate in real time. 

Discord is also free to use, with premium options for users wanting additional features. However, for servers that require fundraising to keep their communities running or want to provide more paid ways to engage their community, it's essential to figure out a way to raise money externally. 

In this post, we'll give you the solution for managing money for your servers quickly and efficiently. You'll learn the following: 

• The benefits of Discord Server Subscriptions
• How to manage money for your servers (for free!) 

Let's dive in! 

What's great about building a community on Discord?

Discord provides unique features that make it an ideal platform for building and fostering a strong, tight-knit community. 

Whether you're looking to connect with like-minded individuals or build a loyal following around your content (Twitch streaming, board games or even gardening!) Discord can help you achieve your goals. 

8 Reasons to raise money for your Discord server

There are several reasons to raise money for your Discord server:

1. Server Costs - Discord servers can cost money, particularly if you have a large community. You may need to pay for hosting, storage, and other expenses, and raising money from your community can help cover these costs.
2. Customization - Customizing your server with unique features, such as custom emojis or a custom domain name, can help make your community stand out. However, these customizations often come with a cost, and raising money can help cover these expenses.
3. Community Events - Hosting events within your Discord community can help foster engagement and build stronger member relationships. However, events may require expenses such as prizes or rewards, and raising money can help cover these costs.
4. Support for Content Creators - If your Discord server is focused on content creation, such as gaming or streaming, you may want to support your creators financially. Raising money can help fund their content creation efforts, allowing them to produce higher-quality content and grow their channels.
5. Charitable Causes - Raising money for charitable causes is a great way to give back to the community and make a positive impact. You can use your Discord server to fund causes you care about, such as disaster relief or environmental protection.
6. Premium Features - Having a Discord server provides the opportunity to charge users a fee for premium features such as custom server badges, additional emotes, and larger file uploads. Additionally, you can grant paying users exclusive access to channels or content. 
7. Consultation Services - If you have expertise in a specific field, you have the option to provide and charge for consultation services to both businesses and individuals. This may entail offering guidance on various aspects such as marketing, technical assistance, product development, etc. 
8. Paid Subscriptions for Server Access - If your goal is to earn substantial income from Discord, creating a paid-only server is an effective strategy to consider. This can prove to be a lucrative approach for monetizing a Discord server that provides exclusive and valuable content.

Ready to create a Pool for your Discord community?

Enter Pool: a better way to manage money for your Discord servers

There's a very easy way to manage money from your Discord servers. Introducing Pool, a dedicated place to collect and manage money with your co-moderators. 

You can pay for every Discord-related expense directly from the Pool efficiently and transparently. Or, you can send money from Pool to a bank account in minutes.

Here are a few reasons why you should use Pool for your Discord needs: 

• Pool is easy to use for Admins and Members

Set up a Pool and invite your server co-moderators to join in minutes. When it's time to collect server subscription fees, donations, etc., server members pay into the Pool. When money gets sent through Pool, it stays there until you spend or transfer it. 

Because you don't have to move money in and out of different accounts, you can effortlessly track transactions and stay organized. 

• Pool is also easy to use for contributors and there are no monthly maintenance fees.

Server members can pay into the Pool. As an admin, you can set up your Pool and use it for as long as you need without paying any monthly maintenance fees.

Discord community members can pay into the Pool without incurring fees, and you can spend right from your Pool with our dedicated debit card. That goes for server subscriptions, donations, merchandise, events, etc. 

• Share Admin roles with co-moderators

As Pool Admin, assign admin roles to your co-moderators so they can share tasks with you. Admins can view all transactions, invite members to the pool, spend with the Pool debit card, and more. For example, you can give your co-moderator spending permission so they can pay for branded t-shirts or sweatshirts while you pay the server fees. 

However you split up the tasks, everybody can see these various activities in your Pool. 

• Create as many pools as you desire 

With your co-moderators, you may create multiple Pools for different expenses relevant to your online community. For example, you may collect subscription fees in one Pool, then divide these funds into separate Pools for merch, online or in-person events, donations to support members, and more.

You can also separate your Discord community into separate Pools. For example, "Donations," "Merch," "Subscription Fees," and more. 

You get to decide what works best for your community. Pool is flexible. Another reason why people love Pool is that it keeps Discord money separate from personal accounts. And you don't have to start a new bank account or transfer money in and out of third-party services. Your server money comes into your Pool and stays there until you spend it with the debit card. 

• Pay with the Pool debit card

Every Pool has a free virtual debit card to use anywhere major cards are accepted. You can also request a physical card to pay for in-person purchases.

As an admin, you can set spending permissions so your co-moderators can spend with you. Don't stress about staying within budget, as all your Discord money is in one place which makes for easy tracking.

Instant notifications display your card activity instantly, and you can view all transactions in the app. If you ever need to freeze the card, you can do so quickly in the app. Plus, since the Pool card doesn't include transaction fees, you get to spend 100% of what you collect for your Discord server. 

Using Pool can be a convenient and secure way to collect funds for your Discord server. Whether you’re paying for fees, subscriptions, premium features, or even collecting donations for members, Pool's user-friendly interface gets the job done.