Patreon Changes (Patreon)

Hey everyone!  I wanted to give you all a heads up about some information Patreon sent to creators today.  You should all be getting emails from Patreon about it tomorrow, but I wanted to make a preemptive post to elaborate a little more on it.

Starting this month, Patreon is looking to help creators receive more of their funds than they normally do.  On average, a creator gets 80-88% of their pledges after fees.  Patreon's goal is to make sure creators take about 95% of that instead.  How are they going to compensate?

It seems their goal is to have a small fee of 2.9% + 0.35 cents added into pledges.  Now, just to make sure everyone understands, this is how that breaks down.

How does this affect Patrons?

If you are currently pledging $3.00, this just means your pledge will be ~$3.44 now.  ($3.00 + 2.9% (which is only 0.09) + 0.35).

If you are currently pledging $10.00, this means your pledge will be ~$10.64 now. ($10.00 + 2.9% (which is only 0.29) + 0.35).

Any other amounts will be easy to calculate.  Take 2.9% of your pledge, add it into your pledge plus another 0.35 cents.  So, Pledge + (Pledge x 0.029) + 0.35 = Total.  Keep in mind, this is PER PLEDGE, so if you pledge to several creators, it's added to each pledge individually.

As you can see, there won't be a big change in the pledges moving forward.  I can understand if this upsets anyone though, but this is 100% out of my control (I didn't know this was going to be a thing till today).

 For anyone needing more information, Patreon has an FAQ about it here >> https://patreon.zendesk.com/hc/en-us/articles/115005631963 , and they should be emailing all Patrons tomorrow as well.

Thank you all for your support, and I totally understand if you need to withdraw your pledge.  Thank you, regardless, for any and all support you have all shown me.  I couldn't do this without you all!

~Dyne