If someone spends a significant amount of time gaming, the day they find out that individuals can really make money playing video games may turn out to be a very exciting day for them. You can now breathe a sigh of relief since that day has finally arrived. You have the possibility to win real money by participating in Skillz games on your mobile phone or any other device that is compatible with the Skillz platform. If you want to know more about How Does Skillz Make Money, then keep reading this article!
What is Skillz Platform and How Does Skillz Make Money?
If you haven’t heard of Skillz yet, it’s an online gaming platform that you should look into as soon as you can if you haven’t already done so. There is a wide selection of games available, but not all of them provide you the opportunity to compete for prizes that are worth actual cash. Some of the games are only for entertainment purposes. While some are done so with the only intention of giving financial benefit, others are done so with the exclusive intention of offering delight.
So, How Does Skillz Make Money?
Users of Skillz pay entry fees to take part in games in the hopes of winning cash prizes, and Skillz generates revenue by retaining a percentage of these payments as its own. However, it is possible for users of Skillz to pay admission fees using just bonus cash rather than any other form of payment instead of using any other payment method. When this happens, Skillz’s sole source of revenue is the money that it spends on its S&M activities, which is a vicious circle that never results in a profit for the company.
Final Thoughts
It is important to keep in mind that Skillz does not process bonus payments in the same way for each and every one. The developers of the game are hoping that the company would compensate them monetarily for their work. When there are reasonable expectations placed on game developers by users, Skillz views user incentives as a potential source of revenue loss.
