Changes on Patreon (Patreon)

Hey guys! You've probably heard of some upcoming changes on the way Patreon pledges work. I made a video talking about it. I wish I could choose to stay in the old pledge system, but unfortunately there's no way to opt out.

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Here's how Patreon explains it:

With this update, creators will now take home exactly 95% of every pledge with no additional fees.

In the past, a creator’s income on Patreon varied because of processing fees every month. They could lose anywhere from 7-15% of their earnings to these fees. This means creators actually took home a lower percentage of pledges than their patrons may have realized. 

A new service fee of 2.9% + $0.35 will be paid by patrons for each individual pledge starting on December 18th. This restructuring allows creators to take home a greater portion of their earnings, which is core to our mission of getting creators paid.

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Here are some links where you can read more about it. If this change means you will have to stop pledging, please know I understand completely! Thank you so much for your support for as long as you were able to! 

Hugs,Malu

Patreon's Blog about this:

https://blog.patreon.com/updating-patreons-fee-structure/

Patreon FAQ with more info:

https://patreon.zendesk.com/hc/en-us/articles/115005631963