To enable content monetization, members must first upgrade to a paid Pro account and verify their account.
Once verification is complete:
On mobile:
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Tap your profile picture, then go to Settings & Privacy

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Select More Settings

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Open Monetization Settings
From there:
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Create a subscription plan and save your changes
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To monetize messages, enter your price per message
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Click Enable Monetization, then Save Changes
To enable page or group monetization, go to the respective page or group settings and enable monetization from there.