What is the difference between orange and red key lock?

General
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What is the difference between. Subscribers only (free+paid) and paid subscribers only?

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Key difference between the two settings is who gets to see your content.

Subscribers only (free + paid) (orange lock) means any of your subscribers will have access to this post, story etc. That includes both fans who paid for a subscription and who subscribed for free (if you had set up the free sub)

Paid subscriber only (red lock) means only those who paid money for a sub will see your content. In this case, free subscribers will have to basically upgrade to paid plan to see it.

These two settings go well together in case you have free plan added to your page. You can add something for all subs to see and then add a teaser post for paids only to entice free subs to upgrade. That’s the gist of it.

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