Man, I've seen a lot of buzz about this, and honestly, my feelings are mixed. The big thing everyone points to is their 'Paid Stories' program, where readers pay coins to unlock chapters ahead of the free schedule. It sounds great in theory, like a serialized magazine subscription. But the selection process seems opaque—they pick stories based on data like engagement and completion rates. So unless you're already pulling in massive reads and have a super dedicated following, getting in feels like a lottery ticket. I tried submitting a couple of times with what I thought was a solid thriller, but nada. The real monetization for most of us probably isn't direct story sales but using the platform as a massive, free portfolio. I've had two separate authors message me after reading my stuff about doing paid work for their indie publishing projects. So the career help is less about the official programs and more about the network you accidentally build, which is... fine, I guess. It's just slower and less guaranteed than I hoped when I first joined.
They also run contests sometimes with cash prizes, and those 'Wattpad Stars' and 'Creators Programs' can lead to book deals or adaptations, but that's the 0.1% superstar track. For the rest, it's about grinding for visibility first, monetization second. The ads revenue sharing is a thing too, but the payout is microscopic unless your story gets millions of views. My advice? Don't bank on Wattpad to pay your bills, but treat it as a living resume that might open a side door somewhere else.