Patreon Fees (Dec. 18th) (Patreon)
Content
The basic summary: Before, I'm charged between 8 to 15% of all total pledges for fees. 5% goes to patreon, and for me between 4 to 6% is for processing.
With this new change, I only have to worry about the 5% patreon fee, so I get paid a higher percentage of the amount pledged (up to 95% instead of around 90%)--however patrons wind up paying the processing fee on top of their pledge.
And I have confirmed that it is per pledge, unless they decide to recant / change that last minute.
The fee is 2.9% + 0.35. The flat fee part can add up if you pledge to a lot of creators.
To give an overview of the new tier costs:
- The $1 tier will be charged at $1.38
- The $2 tier will be charged at $2.41
- The $5 tier will be charged at $5.50
- The $10 tier will be charged at $10.64
- The $20 tier will be charged at $20.93
As you can see, the fee is a higher portion the smaller the tier.
The thing is that the cost difference is per creator, so if you have a lot of small pledges you'll see more of an increase. If you have just a few pledges or larger ones, the net change is less drastic. (For instance, if you pledge to 17 patrons, you'll see a 2.9% + $5.95 increase overall.)
I don't agree with the change but I can't really do anything about it. The changes will go into effect December 18th, so you won't have to worry about them until the next billing cycle (January). New patrons will also have the fees reflected when they pledge, so they see up front what they're getting into, so this won't sneak up on them.
It's more you guys, the current and long term patrons, that I'm worried about. If you need to adjust or scale back, it's completely understandable (it always is, just even moreso in this case). I'm pretty adamant about not wanting to use permanent paywalls, so if you do need to part before January, you can always still find my content at my tumblr, my nsfw, via my webcomic and via my twitters (@zedrinbot and @zedrinbutt), as well as anywhere else where I'm active (it's all on my front page).