How do you feel about the upcoming processing fee changes? (Patreon)
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The fee is 2.9% + $0.35 per pledge. I've been trying to find out if it's possible for it to be per sum of transactions, so 20 $1 pledges is charged the same fee as 1 $20 pledge.
FOR THIS POLL:
Vote for one out of options A, B, and C, and one out of 1, 2, 3, and 4.
Note: There are two parts to the fee: the percent (2.9%) and the flat portion ($0.35). As is, it is per pledge.
Choice 2 mean you're able to maintain your pledges with just the 2.9% fee, if the $0.35 is one time. The fee would still exist, but it would be calculated from your overall payment, rather than for each individual pledge.
Choice 3 means you cannot continue your current level of support for a few creators even if the fee was just the 2.9%.
Choice 4 means you will be vacating patreon entirely if this change goes through.
One thing I've learned, part of the reason for the changes is Patreon wants to switch from a per-month model to a recurring model. They want a patron to get 1 month of access the moment they pay, to avoid the cases where someone pledges on like the 29th and then gets charged again the 1st.
This in theory would mean more payment services would incur more fees. I personally don't think it's smart to transition to such a system until figuring out how to mitigate said fees. And IMO it still doesn't explain the need to charge the flat part of the fee for each pledge.
I'm polling this discussion just to get a bit more concrete feedback that I can share with staff. Just answer honestly, and if you have questions don't hesitate to ask.
Reminder: the change goes into effect the 18th, though you guys won't see it til the next billing cycle (January). So, you don't have to vacate yet (and ultimately if you do need to I 100% understand) but keep an eye and ear out for changes. I'm gonna try and keep you guys up to date.
Just a reminder, under the new system, pledges have a different cost than what's displayed.
- 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
For new patrons these costs will be visible at the start, but for existing ones it boils down to a modification of what you pay monthly.