Ultimately, there will be a concern that it devalues the translation process, leading to translators getting paid less, not more.
Anime viewers tend to be passionate, I think there's a reasonable chance to have groups emerge with a reputation to defend and getting paid more than they are now (which could be 0)
This already exists today -- translation groups rush to be the first to translate a new series, and some fans have strong preferences around which groups provide the best translations (both in terms of accuracy and style). You can see the set of groups doing translations on the AniDB page for any Anime you like.
Make sure the editorial board is paid a living wage and the translators are too. Set up a marketplace for a dozen such organizations, and let them compete. All the incentives align.