Heads up on new Patreon regulations (Patreon)
Content
Dear patron,
Your support is truly changing the lives of creators around the world. You give creators a reliable paycheck that enables them to do their best work. Thank you thank you thank you.
In order to continue our mission of funding the creative class, we’re always looking for ways to do what’s best for our creators. With that, we’re writing to tell you of a change we’re making so that all Patreon creators take home exactly 95% of every pledge, with no additional fees.
Aside from Patreon’s existing 5% fee, a creator’s income on Patreon varies because of processing fees every month. They can lose anywhere from 7-15% of their earnings to these fees. This means creators actually take home a lower percentage of your pledge than you may realize. Our goal is to make creators’ paychecks as predictable as possible, so we’re restructuring how these fees are paid.
Starting December 18th, we will apply a new service fee of 2.9% + $0.35 that patrons will pay for each individual pledge. This service fee helps keep Patreon up and running.
We want you to know that we approach every change with thoughtfulness for creators and patrons. By standardizing Patreon’s fees, we’re ensuring that creators get paid to continue creating high quality content. If you have questions or would like to learn more, please visit our FAQ here.
Sincerely,
The Patreon team
Basically now instead of them deducting what you pledge to me, so i get less money, their putting those charges to you all my patrons. While i appreciate the extra cash, I kinda feel heavilty guilty with this change. As of such, I will consider how much i should reduce in my pledges for next year so that it will be equal or less than what is being charged. I know i'll get less for this, but i'd rather have the support of you all, then completely lose everyone.
If you decide to leave or reduce your pledge because of this, I sincerely accept with an open heart. This is you all choosing to support me, so it is your decision entirely.
Sorry guys >w<