Is “Monetization” a Scrabble word?

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Yes
MONETIZATION
Valid in at least one Scrabble dictionary

Valid in these dictionaries

SOWPODS / CSW
Scrabble UK & International
Valid
TWL / NWL
Scrabble North America
Valid
Large English Dictionary
General English word list
Unavailable

Meaning of Monetization

/ˌmɒnətaɪˈzeɪʃən/

noun
  1. 1.The conversion of something (especially metal) into money.

  2. 2.The process of making a business activity profit-generating, particularly in computer and Internet-related activities.