I have a few questions about the premium module:
1) I know this adds a system where people can pay and get access to "Premium content" but how does it work?
2) What's the use of points? Do they pay for points or access to videos?
1) You can make any videos premium from the administration panel. Users pay (per month or per video) a fee to a processing company (like ccbill, epoch, zombaio) and they take like 10-15% of the purchase.
2) Not really used for anything yet.