Reddit is a popular platform with millions of daily users. Therefore, it makes sense for advertisers to direct their attention to this online community, and if you want to know How to pay for Reddit ads you can deposit crypto into your wallet, buy a card and load crypto onto it, and enter the new card details as payment method on your Reddit Ads account.
We will explain in more detail how you can use Reddit Ads to your advantage and guide you through a step-by-step process of using a PlasBit crypto card loaded with Bitcoin.
Guide on How to Pay for Reddit Ads
Among the different payment methods on Reddit, debit cards are one of the safest and quickest options. Below, we will explain every step you need to take to purchase our debit card and then load funds onto it.
Step 1. Visit our website and log in with your details, then head on over to the [Wallet] section
Step 2. Next, use the given address to deposit BTC or any other crypto into your wallet.
Step 3. Once your funds are in your wallet, you can order a virtual debit card. Head to the [Cards] section, choose a virtual card in USD or EUR, and then click "Get This Card".
Step 4. Choose the wallet from which you want to pay for the card, accept the terms and conditions and click Submit.
Step 5. Wait for the card confirmation. You will receive a notification via email once your virtual card has been successfully issued.
Step 6. To load funds onto the card, Revisit the "Cards" section and click on the "Open Details" button. Navigate to the "Funding" tab and choose from which wallet you wish to deposit funds, then press the "Load" button and press "Submit" once you check the amount is correct.
Step 7. You can access the card details and get your card number, expiry date, and CVV by pressing the "View Card Details" button.
You can use this immediately on Reddit ads or other services.
How to Insert Card Details and Pay on Reddit Ads Manager
Now that you have created and loaded your virtual debit card, it is time for us to show you how to begin advertising using the Reddit Ads Manager system. We will once again demonstrate a simple step-by-step process for loading funds onto the Reddit platform.
Step 1. First, you will need to log in to Reddit Ads. Once you have logged in, click on the hamburger menu icon (the three lines), which you will find on the top left side of the screen.
Step 2. You will now see a navigation menu on the left side. Towards the bottom, there is a section titled [Billing]; click on that now.
Step 3. If this is your first time using Reddit Ads, your balance will be 0. To load funds onto the Reddit Ads account, click the "Add a credit card" button, as shown in the image below.
Step 4. Enter your Plasbit card details, such as the card number, expiration date, and CVC. Then, fill out your personal details. Now click the black "Save" button.
Congratulations. You have added your virtual PlasBit card to the Reddit Ads management system. On this screen, you can see your current balance, update your Plasbit card, and check your transaction history.
Why a Debit Card is the Secure Option for Paying Online
Using a debit card is the preferred option for online transactions amongst affiliate marketers across the globe. And since our cards use crypto to load funds, users can avoid linking their main bank details or payment cards to any one specific advertising platform. This effectively separates users from their actual bank accounts and the platforms on which they operate. At the same time, using multi-factor authentication, high-level encryption, and state-of-the-art security protocols further enhances users' safety.
Another reason why virtual debit cards are a secure option for affiliate marketers is that they provide users with direct control over their funds. When you preload a virtual debit card with a set balance amount, only the loaded amount is accessible, which not only helps prevent overspending but also safeguards users in situations where the card details might be compromised.
Furthermore, many virtual debit cards also allow tracking of each specific transaction in detail, making it easy to pinpoint precisely where and when funds were moved to and from, letting users report suspicious activity quickly while also making it possible for multiple people to use the same virtual debit card without creating issues for each other when it comes time for bookkeeping and reporting.
Affiliate marketers often run multiple campaigns across different platforms. Having virtual debit cards for specific platforms can help tremendously in setting budgets for each campaign and then loading the necessary funds as needed, as well as separating general business expenses and advertising expenses in a concise and efficient manner.
Understanding BIN and Its Role in Reddit Ads
When using a debit card to pay for your Reddit ads, the payment processor will look at the first digits of your debit card to verify that your card is legitimate and to discern what type of card it is. The so-called Bank Identification Number (BIN) lets payment processors know what bank or institution issued the card, the geographic location, and the card type (credit, debit, or prepaid). Therefore, it is essential to have a quality issuer that provides a functional and secure debit card for online purchases for the transaction to go through.
When using our virtual debit cards, Reddit should be able to quickly verify and process any transactions, so you should not experience delays or rejected payments.
Understanding Reddit Ads’ Policies on Account Blocking
Once you have learned how to pay for Reddit ads and begun planning your ad campaign in detail, it is a good idea to also learn the platform's rules. After all, getting your account blocked on Reddit would not only cost you time but potentially also money. Reddit uses manual and automatic account blocking, so let us look at both types.
Automatic Account Blocking
Typically, users will face this type of issue when Reddit registers suspicious payment activity. This can be due to irregularities with the payments or transactions themselves, such as using payments from unverified BINs or compromised bank accounts, to name a few examples. This process is typically fully automated, but getting the account block overturned is sometimes possible by contacting Reddit support and pleading your case.
Reddit might also block your account if you provide inconsistent account information, such as different personal information on your profile and your credit card, suspicious IP addresses or account names, and more.
It is therefore recommended that you always double-check your billing information and other personal details that you enter on the Reddit Ads manager platform, as they will be checking this information to verify.
Another common issue that many affiliate marketers can run into, is the fact that some VPN providers might be blacklisted by Reddit. This means it is a good idea to disable your VPN connection before setting up your Reddit Ads account, or at least checking whether your specific provider is compatible with Reddit.
Manual Account Blocking
Affiliate marketing is an accepted and common practice when it comes to advertising on Reddit. So this type of account blocking tends to happen if users are not following the rules and guidelines, and as such should not be an issue when using a virtual debit card.
How to Keep Your Debit Card Active for Advertising Purposes
First of all, you should constantly monitor the card transaction history carefully. Check the activity on a regular basis to make sure that only your own transactions show up. This will help you avoid unauthorized transactions and be alerted as early as possible so that you can take the necessary steps if the worst has happened. You should always report unauthorized activity as soon as possible to get help securing your account and disputing any transfers.
Secondly, Reddit can flag multiple transactions that are processed within a short time span. Therefore, it is better to fund your Reddit Ads account with one single transaction rather than multiple smaller ones. This is especially true for debit cards, so take care when loading your account up with funds. Alternatively, you can spread out your multiple transactions if you prefer to load only a few funds onto the Reddit account all at once.
Finally, always verify your account whenever necessary. Sometimes, Reddit will ask for additional information or for users to verify their email accounts again just to be sure that the account owner is actually in control. Staying on top of these things can help avoid having your debit card paused or canceled in the Reddit Ads Manager.
How to Ensure Success with Your Reddit Advertising Campaign
Paying for your Reddit ads is only one part of the puzzle when it comes to achieving success as an advertiser, it’s also essential to craft a high-impact ad campaign that targets the right audience while adhering to best practices in order to get the most extensive reach and best results.
Reddit Ads Objectives
Reddit allows you to set up a so-called objective that defines the overall goal of your ad campaign. Each ad campaign you create can only be set for one objective, but you can of course create multiple ad campaigns if you have several objectives.
- Traffic - Select this objective if you want more visitors to your website, app store landing page or similar. The cost is calculated on a pay per click basis.
- Conversions - Reddit makes it possible to analyze the conversion rate of your advertisements, meaning you can set a specific objective to increase the number of converted customers or leads you receive. This is great for affiliate marketers looking to get visitors to sign up or purchase items in particular. The cost is calculated on a pay per click basis.
- App Installs - Similar to conversions, but specifically targeted for users that might wish to install an app. The cost is calculated on a pay per click basis, so you still pay if users do not install the app and just click on your ad.
- Video Views - If you wish to promote a video on Reddit, then this objective is the obvious choice. Advertisers pay each time a user presses play on the video, but does not take into account how long the user watches.
- Brand Awareness & Reach - The last objective offers a broader scope, and is mainly suited for larger companies with the budget to spend on promoting general awareness of their brand. The cost for these ads is based on a thousand impressions.
In order to achieve success when advertising on Reddit, it is important that you set the right objective. Many affiliate marketers recommend that new advertisers start off by choosing Traffic as an objective, as this will provide some good data for further analysis and can also be decent in converting users into customers or viewers. Once you have then learned more about the user demographics on Reddit, you can then choose to switch to a more focused objective if necessary.
Reddit Ads Promoted Post Types
The free-form ad type is a customizable format that allows affiliate advertisers to combine text, image, video, and even GIFs into a single advertisement targeted at your users. It can take up a lot of space on the feed, making it extremely visible for your demographic, potentially leading to a larger engagement than some of the other ads. However, you will need to ensure that the content of your ad is well presented in order to attract the attention you require.
The image ad is one of the simpler types of promoted posts. If your ad campaign already makes good use of images, then this type offers you a great option. You can still write text on this ad type as well, allowing you to keep your images static and then change the text based on seasonal offerings or other dynamics.
The video advertisement type is another good option for more specialized affiliate marketing. It works particularly well when the overall objective is set to "Video Views", and also allows you to add a text title to the post, as well as a link to your website or service. Statistics shows that videos should be around 30-60 seconds long for the best results.
Reddit constantly adds new types of promoted posts to their arsenal of tools that affiliate advertisers can use. Some of those are carousel ads and conversation ads, which are more specific in that they target certain niche subreddits. We recommend that you explore each promoted post type in detail, and also research what your competitors appear to have success with in order to find the post type that works best for you.
Setting Up Reddit Ad Campaign Parameters
Once you have chosen an objective and promoted post type, the next and final step is where you set your target audience and allocate your budget before loading up your account with your affiliate debit card to begin the campaign. Here, you will be presented with a screen that allows you to pick certain interests or behaviors, as well as the type of audience you are targeting in your ad campaign.
Based on these variables, Reddit will then display information relating to how large the potential audience might be, allowing you to fine-tune the values of your ad campaign in order to get the best results.
A larger budget will generally lead to more views over time and a larger audience, but affiliate advertisers might want to narrow down the audience size to only fit the specific types of users interested in their product or service, while also restricting the time in which the ad is shown.
Once you are satisfied with how the campaign looks, you are ready to publish it and start seeing the results. Good luck!
How Reddit Has Grown and Changed Over the Years
Reddit has been a part of online culture for nearly 20 years. It started back in 2005 and has since grown to hundreds of millions of users and very active subreddit communities that are moderated by people interested in specific niches and topics.
Reddit was founded by Steve Huffman and Alexis Ohanian when they were still attending university after an attempt at having another project accepted through the Y Combinator program. After pivoting over to the idea that eventually grew into a worldwide phenomenon, they teamed up with Aaron Swartz, who was part of rewriting the code to fit the modern specifications back then.
To kickstart the process, Huffman and Ohanian began populating Reddit with fake users in an attempt to make the site appear more popular, which worked and led to real users signing up and joining in on the discussion. Over the course of the next year, the site had gained enough attention to attract potential investors.
Acquisition
One of these was Condé Nast Publications, a large media company handling companies such as Vogue, The New Yorker, and many more publications at the time. The two sides agreed to a deal where Condé Nast acquired Reddit for more than $10 million dollars, just one year after the initial launch of Reddit.
All three founders have since left the company, but the growth has not slowed down since. Through a number of acquisitions and technical developments, such as RedditGifts and Reddit Gold, the site has managed to create revenue for the company while keeping the core idea of Reddit intact.
In 2009, Reddit launched commercial advertising on the platform, allowing companies and individuals to place advertisements on the platform in a few different ways. These ads were better integrated throughout the platforms natural interface compared to the typical banner ads of the time.
Massive Growth
The early period of the 2010s saw an almost explosive growth in the number of users visiting the website, in no small part due to prominent figures such as Barack Obama and Bill Gates, to name a few, opting to participate in the now popular and well-known "Ask Me Anything" posts, where normal users could ask them questions, they would then reply to.
As the website grew, more content moderation was needed to ensure a positive and safe environment for the now millions of users, which led to Reddit hiring Ellen Pao in 2014 to deal with these issues. Her leadership was questioned however, and in 2015 the company brought back Steve Huffman one of the three original founders, in order to clear up the existing issues.
Looking to the Future
Huffman has since then managed to balance the idea of free speech and freedom on the one side, against the need for moderating users and providing a community with strict guidelines against hate speech and offensive content, as well as overseen new website designs and a mobile app that further improves the user experience.
In 2017 Reddit announced they would integrate video sharing and posting on the website, as well as other requested social features like chat and live discussions, leading to further growth as Reddit users felt less need for visiting other social media platforms due to this change.
These days Reddit is one of the most popular websites in the world, with hundreds of millions of active users being part of their online community. There are more than 3 million subreddits in total, with some of the largest ones having more than 40 million members.
Conclusion
When it comes to how to pay for Reddit ads, debit cards are a popular choice that promises safety and convenience. The PlasBit credit card service offers a modern and efficient way to manage payments for Reddit Ads, allowing you to instantly load funds as you wish with cryptocurrency. This method works for both small business owners and employees in larger corporations. Thanks for reading!
