MyMinifactory Library Fees (Patreon)
Content
Hello everyone!
Sorry to come in here to discuss this but, English is not my main language and I was looking for a second thought. I just received an e-mail from MMF with some crazy random fee that they are charging the Creators.
Here is the E-mail:
On Tuesday June 18th, we introduced a Library Management Fee. This is applied for makers at checkout capped at 0.89 USD per order (0.49 USD for orders under 7.5 USD). This is an average of 3.5% per basket.
We would like to apologize for our oversight to not communicate this with you before releasing this fee. You are our valued partners and should be informed of any changes that affect your communities.
We implemented this fee to cover the cost of removing Google Ads across the site for all logged-in members, a popular request that we are proud to have delivered for the community to enhance your overall experience.
Additionally, the fee covers infrastructure costs, performance improvements and introducing new features, such as more improvements to the Library.We have heard your feedback and value you sharing your concerns. Thank you for your understanding and support.
MyMiniFactory Team
UPDATE: After talking to some Patrons and hearing their stories I have the wrong understanding of this e-mail. the term "Marker" is used for the customer while for me the correct term is probably "Designer". This means that all the revenue from google ads is now being charged on those who buy on MMF, and your order is now more expensive. Stay tuned for the Fees that they are charging you when making a purchase there.
So from what I understood, they removed the Google Ads (a good thing) but, they wanted to compensate for the revenue loss somewhere. They implemented the Management Fee in which they would charge the makers (Me and others that make models) for every order that we sell. So if the order is below 7.5 USD they would charge 0.49 USD.
This means that my average miniature is 3 USD, if a person buys only one I would Pay MMF 8% commission + (5% + 0.1 USD) microtransaction fees + 1% international fee + 0.49 USD Library Fees, meaning that I would receive less than 2 USD.
Besides all this, I still have to pay them 25 USD per month to have a store there, regardless of sales volume.
Have I understood correctly or am I missing something? It's already hard for small creators like me and this will make it harder. If the creators make big sales this is irrelevant but I hardly sell a thing and whether I do believe it or not the most sold item is the Owl which is 2.5 USD, and the majority of the orders are for 1 miniature. This fee the way I have read will heavily impact my income.
I don't know if this fee will also affect Tribes, but if it does...
As a bonus, they don't even advertise small content creators only the big ones. To be honest, they don't even need to be advertised...
Does anyone have a suggestion on what should I do?
I did not want to but I could only see the option of raising the prices to counter MMF Greed.
Best regards,
Ivo