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This is how Patreon already works - they pool both incoming and outgoing donations for the month into a single transaction to reduce fees. But there are a bunch
by vzqx 4y ago
This is how Patreon already works - they pool both incoming and outgoing donations for the month into a single transaction to reduce fees. But there are a bunch of donors who only donate $1-$3 a month to a single creator, and these incoming transactions don't benefit from pooling.
- wmf 4y agoI guess the next step would be to have a monthly minimum of $10 or more. You could still split it as 10 $1 donations but at least fees would be reasonable.
- CJefferson 4y agoI suspect patreon's hope is you onboard people with one small monthly payment, then that person will over time add more which lets them then make a useful profit on you.
- armchairhacker 4y agoYou pool the transactions over a longer period. The donor initially gets charged $10, but if they cancel early they will get refunded. Then after a few months they get charged another $10 and so on. It has drawbacks, like if the person doesn’t have $10 or they complain that they’re being charged. But a) is unlikely since most people who are that poor aren’t donating money, and b) is hopefully unlikely if you make it very clear how the payment system works and that they can get refunded if they cancel early.
- Dylan16807 4y agoThis is how Patreon works when you're lucky. They keep degrading the pooling and/or threatening to remove it entirely.