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Been using it for a while and like it so far. A downside for me is that from every $3 coffee paid by supporters, I only receive $2.39 in my Paypal account :(
by mrwebmaster 7y ago
Been using it for a while and like it so far. A downside for me is that from every $3 coffee paid by supporters, I only receive $2.39 in my Paypal account :(
- jijosunny 7y agoTrue, the payment processing fee for micro-transactions is pretty high. PayPal and Stripe charge a flat $0.30 + 2.9%. We designed the 'pay what you want' model on Buy Me A Coffee to tackle this problem.
- alasdair_ 7y ago>Been using it for a while and like it so far. A downside for me is that from every $3 coffee paid by supporters, I only receive $2.39 in my Paypal account :( Their pricing page claims the fee is only 5%. Is this not true?
- ryanmercer 7y agoFrom what I've read in this thread it sounds like: Donor $ -> PayPal/Stripe, subtract Coffee's taste with Coffee never touching the donor's money per their comments in this thread -> Creator's PayPal/Stripe minus any PayPal/Stripe fees. I'm guessing that's just PayPal taking their cut from the creator on top of Coffee taking their cut. It looks like they had an idea, got into YC, then were like "eh, let's just be Patreon 2: Electric Boogaloo." and then did the payment processing the simplest way they could. This effectively makes it: "Don't pay the creator via PayPal/Stripe, instead let us act as a pseudo-affiliate and go ahead and keep 5% of that for ourselves and then we'll tell PayPal/Stripe to pay the donor for you. In exchange we'll tell people that visit our website that you supported the creator". It appears they add no value to the transaction that can't already be obtained from Patreon. They're just a much smaller outfit, with a horribly buggy website with partially baked features and apparently consistently unpleasant mobile experience.
- jijosunny 7y agoWe charge a 5% platform fee. This is on top of any transaction fees charged by PayPal or Stripe.