4 ms·
> patron pledges $1, patron pays $1, creator ends up with some amount significantly less than $1, depending on all the fees. from [1], the "previous" (current)
by shabble 9y ago
> patron pledges $1, patron pays $1, creator ends up with some amount significantly less than $1, depending on all the fees.
from [1], the "previous" (current) situation the creator would receive 85-93% of the amount. So $0.85 from $1, vs .95 from 1.38? Unless I'm completely flobbing the maths, that's ~69% in the new system?
[1] https://blog.patreon.com/updating-patreons-fee-structure/ https://blog.patreon.com/updating-patreons-fee-structure/
- InclinedPlane 9y agoThe pledge is $1, what the patron pays is different from the pledge, that's the point. (It's not a good system but I'm not sure what you're getting hung up on.)
- jopsen 9y agoThey used to bundle CC transactions, when they stop doing that micro payments become infeasible. So transaction cost for a lot of 1$ pledges goes from 5-10% to 31%.