Patreon now stinging you for the service fee (Patreon)
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Hey guys,
I just got this in my inbox, thought you should know asap. As a creator, Patreon takes 5% of pledges, and then Payoneer/Stripe etc will take another 5-6% for processing, meaning creators usually get about 89% of pledges. Now they're passing that second charge onto you. What this means is they'll charge more for each pledge.
I think that's bollocks, as 89% is something I accepted as part of using Patreon, and it will turn people off making multiple small pledges (since now Patreon are charging per transaction).
for example (excluding VAT):
Before - You give 8 different creators $1 each: You spend $8
After - You give 8 different creators $1 each: You spend $11.03
So you get stung for an extra $3.03 (a whopping 38% of the original pledges in this case!). That sucks.
(Check my maths! Each donation costs 2.9% of $1, + 35c => 2.9c + 35c = 37.9c per transaction. 8 transactions is $3.03)
Anyway, with the holidays closeby and pledges costing more, please look after yourself first and don't worry about us!
Back to beavering away at B4G (it's going great btw!)
See ya in the funny pages!
Jay
p.s. I'm attaching the email I got so you can see, and I've emailed Patreon asking them to opt out. Cheers!