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Can you detail that math? I've seen math thrown around all over this thread, much of it contradicting. To me, this seems completely negative: Before: 7-15% net
by adjkant 9y ago
Can you detail that math? I've seen math thrown around all over this thread, much of it contradicting. To me, this seems completely negative:
Before: 7-15% net fees - $100 = $93 or $85 dollars
Now: 8%+ net fees with near 30% fees for $1 and 10% fees for $10
That math is using net fees when considering the amount the patron pays vs the person gets. Patreon is pulling some shady math by pretending that the patron isn't paying the original fees as part of the total amount.
To me, it looks like for nearly all cases, fees are going to increase. I would revise my statement to "loss, not gain", even if all patrons stay on the service.
- trowawee 9y agoSorry, I should have worded that more precisely. I was basing it on this: https://twitter.com/wombatoverlord/status/938849760198447104 https://twitter.com/wombatoverlord/status/938849760198447104 and various pieces I've read by creators. It looks like creators were averaging around 89% in net fees previously, where they will now be averaging 95%. So, ~$0.05 more on a $1 pledge.
- adjkant 9y agoThe problem is that that $1 pledge is no longer just $1. It's bait and switch math.