Patreon's Fee Change Announcement (Patreon)

Hey guys in case you may have missed an email from Patreon I wanted to break down the changes to the system they're implementing this month.  Up to this point, you'd make your pledge, and it would have things like credit card fees and Patreon's cut taken out before it got passed on to the creator. 

But moving forward, Patreon is giving creators a full 95% of the money. In theory this sounds good for creators, except that the fees are now being passed on to the supporters instead. Whatever you pledge, Patreon will now add a  2.9% fee plus an additional 35 cents.

Not an astronomical sum I know. But I still don't think this is a great move on Patreon's part, as it puts smaller creators at risk to losing supporters who won't stand for a price hike. I honestly don't see their endgame here, but I did expect changes to start popping up ever since last month when Kickstarter announced they were relaunching Drip, their service that will be in direct competition with Patreon, in early 2018. 

In any case, I wanted to explain things here to make sure none of you wound up with any unpleasant surprises in next month's billing cycle. I hope you guys stick around and I greatly appreciate your support as always.