Patreon's new service fee (Patreon)
Content
- $1 pledges will be charged as $1.38
- $5 pledges will be charged as $5.50
- $10 pledges will be charged as $10.64
- $20 pledges will be charged as $20.93
- $50 pledges will be charged as $51.80
You'll get an official notification tomorrow morning, but I figured I'd open the dialogue here and answer any questions or concerns that you might have right now.
Hit me in the comments — or tweet me @guigar — and I'll be happy to answer anything that's on your mind.
This new charge will not take effect until the end of the month, so you have plenty of time to adjust your pledge if you decide it's necessary.
Update: Friday, Dec. 8
Patreon has provided a little more information on WHY they made the decision that they made. It's definitely worth a read. I understand the situation much better than I did yesterday. I'm not sure I could have come up with a better solution on my own... however, I sure wish they had offered that backstory yesterday when they first made the announcement.
Why are they doing this?
From Patreon's e-mail to creators...
In the past, a creator’s income on Patreon varied because of processing fees every month. They could lose anywhere from 7-15% of their earnings to these fees. This means creators actually took home a lower percentage of pledges than their patrons may have realized.
A new service fee of 2.9% + $0.35 will be paid by patrons for each individual pledge starting on December 18th. This restructuring allows creators to take home a greater portion of their earnings, which is core to our mission of getting creators paid.
Again... for the reasons behind this decision, please read the blog post.
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