3 ms·

so they pay out $1B and charge 8% for middle plan which is $80M revenue a year? i don’t see how that works in public markets...though to give them credit they

by xoxoy 6y ago

so they pay out $1B and charge 8% for middle plan which is $80M revenue a year? i don’t see how that works in public markets...though to give them credit they should probably try to go public sooner rather than later to take advantage of the froth... also 8% on top of payment processing fees seems like a lot, though I guess creators just account for that in deciding what fees to charge...

judge2020 6y ago
Not having to deal with chargebacks and the upkeep of such a website to receive donations is enough for creators to pay the 5/8/12% [0]. It also helps that Patreon has been around for a while, so users see them as safe both in terms of security for their CC info, and for being easy to cancel a subscription whenever they want. 0: https://www.patreon.com/product/pricing https://www.patreon.com/product/pricing
- saalweachter 6y ago
  As a patron, there is also very little friction in adding an extra creator to the set you are supporting, which turning it around is a huge value-add for creators: fans are more likely to add them to their Patreon account than to create a login for a pay wall or regularly click a "donate now!" button.
- jackson1442 6y ago
  Would also like to note that creators pay the 2.9% + 30¢ as well. So in reality, it's 7.9/10.9/14.9%.
g5becks 6y ago
Fiverr charges 20%