Patreon changes and other things

Recently Patreon announced a change to their fee structure. It may not have seemed like a big deal to them, 2.9% +$.035 per transaction.  That’s not unreasonable right? Let’s take a deeper look.

are you serious come on GIF by Boo! A Madea Halloween

Their minimum pledge is $1. A creator can’t make a tier lower than that. So before a patron would pledge $1, pay $1, Patreon would take $.05 and fees would be taken out of the remaining $.95 and sent to the creator. I had $19 in pledges and received $16-$18 of that. Now their claim is that they are trying to make it better for the creators so if a patron pledges $1, now they pay $1.38 and the creator gets $.95.  So my collective 11 patrons would now pay a total of $23.42 for their $19 in pledges, of which I would get $18.05…$.11 more than the highest payout I’ve gotten from them so far.

living single attitude GIF

Now, lets’ look at it from the patron side. Let’s say you pledge $1 to 10 creators. before you’d pay $10 on the first and that was that. Now you’ll pay $13.80 on the first. No big deal right? Wrong!. Now you’ll pay $1.38 in ten separate transactions over the course of the month.

excuse me judging you GIF

“But wait! Why not rotate around your patronage in bigger chunks. If you send one person $10 in a month you’ll only pay $10.64 and then you can pick someone different next month.”

suspicious oprah winfrey GIF

Patreon was attractive as an aggregator that combined and billed in a single lump payment. I can schedule multiple monthly payments without a third party and will continue to support these creators through other avenues. I can also rotate around a set amount to different people without a third party.

harry potter eye roll GIF

So, long story short, goodbye Patreon. For now I’ll be sending my creators bigger amounts less frequently throughout the year unless they find a different solution (KickStarter drip maybe). If you want to continue to support me for now the best way is to PayPal me.

Empire FOX star empire yas cookie lyon GIF

Oh, and I did some math so you don’t have to:

 Old Pledge  New charge What the new tier would have to be to charge the same
 $    1.00  $    1.38  $    0.63
 $    2.00  $    2.41  $    1.60
 $    3.00  $    3.44  $    2.58
 $    4.00  $    4.47  $    3.55
 $    5.00  $    5.50  $    4.52
 $  10.00  $  10.64  $    9.38
 $  15.00  $  15.79  $  14.24
 $  20.00  $  20.93  $  19.10
 $  25.00  $  26.08  $  23.96
 $  30.00  $  31.22  $  28.81

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s