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I asked this elsewhere and got no answer so far: > how will this earn Patreon more profits? Am I doing the math wrong?
by tehwebguy 9y ago
I asked this elsewhere and got no answer so far:
> how will this earn Patreon more profits? Am I doing the math wrong?
- deleted 9y ago[deleted]
- falcolas 9y agoEDIT: Due to a blog post I was unaware of, the rest of this post is incorrect. Patreon will still make a bit more money than before, but with the new structure of billing each pledge on its own schedule, not nearly as much as I had outlined. https://blog.patreon.com/updating-patreons-fee-structure/ https://blog.patreon.com/updating-patreons-fee-structure/ ORIGINAL: Most patrons provide many small donation amounts. Patreon will, as called out in the article, get a lot more money from those patrons. If you assume a 2.9% + $0.30 CC charge fee (i.e. Stripe), and a patron giving $1 to 100 artists: Before: Patreon gets $5 from their cut from the artists; the patron is charged $100, the artists each get $0.67. After: Patreon gets $5 from their cut from the artists, and $34.70 from the additional fees; the patron is charged $137.50, the artists each get $0.95.
- freeone3000 9y agoThe structure to avoid increased fees is dumb. Charge once, wallet the money, distribute as needed. Steam can handle this. Bitcoin can handle this. Why can't Patreon handle this?