A Note About Patreon's Fee Changes (Patreon)

You may have already received an email from Patreon about this, but going forward they are changing the way payments are processed. In the past, you'd pledge your fee, and the money would have things like credit card fees and Patreon's cut taken out before it got sent onto the recipient.

As of this month, Patreon intends to give all creators a straight 95% cut of the money. Sounds great on paper, but they are passing the fees onto the patrons themselves. Whatever you pledge, Patreon will now whack a 2.9% fee plus a straight 0.35cents on top of it.

This flat fee is really quite ridiculous when you consider there are many $1 patrons who expect to pay $1, and those $1 patrons are the lifeblood of many a Patreon campaign. Even one as seemingly successful as mine can fall apart bigtime if a huge chunk of $1 patrons decide (not unfairly) that the price hike is an overstep. 

I risk putting a dent in my own wallet even further addressing and reminding my patrons of this, but as with any change to the service, ultimately those using Patreon are left to explain to their patrons what's going on, since anything else would be irresponsible.

For the record, I do not think this is a good move on Patreon's part. Even on the offchance it results in more money coming this way, the scheme could prove destructive to smaller Patreons who feel every dent much more brutally.

Patreon champions itself as putting creators first, but this move puts itself above everybody else's considerations.

As always, thank you for supporting The Jimquisition in any way you do.

Thanks,

Jim.