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Originally half of the entire value proposition of Patreon was "backers pledge small amounts to multiple artists, Patreon bundles these up under one monthly cha
by egypturnash 9y ago
Originally half of the entire value proposition of Patreon was "backers pledge small amounts to multiple artists, Patreon bundles these up under one monthly charge, thereby spreading transaction fees fees around". Or in fewer, longer words: Patreon is a micropayments aggregator.
And it worked pretty well! A lot of creators got paid, myself included.
And now here's Patreon with a new fee structure that appends a percentage plus a minimum fee to every single transaction. So much for micropayments.
- nemothekid 9y agoDo you know where Patreon said that? I had a hunch that what was what Pareon was doing but I could never find a source for it. I think it's way more likely that Visa/MC came knocking on Patreon's door and told them to stop doing that, forcing them to either eat the fees, or pass it on to someone else, and now Patreon has to eat the bad PR.
- fnbr 9y agoWhy would Visa/MC do that? It doesn't seem any different than metering any other service (eg Mailchimp invoicing monthly vs per email). I'm not saying you're wrong- I just don't understand what leverage the CCs would have.