4 ms·
What part of ~14%-17% is 'stark' is hard to understand. Other creator subscription platforms have 20%-30% cut even from the start. He is confusing a creator mem
by unity1001 4y ago
What part of ~14%-17% is 'stark' is hard to understand. Other creator subscription platforms have 20%-30% cut even from the start. He is confusing a creator membership platform with payment processors. Which means that he also is not aware of the below:
Patreon handles all fraud, chargebacks, scams, and on top of that it also handles international tax schemes like EUVAT. Which is a GIGANTIC help for any creator because otherwise you will have to process and file the tax from all those sales one by one yourself or have an accountant do it for you. He seems to have missed that part of the cost. Donorbox seems to be for non-profits, which, I very much doubt the author's writing qualifies as. He may get away with it since he is from India and India may not be cracking on such things yet, but as the international VAT schemes proliferate and India jumps on board, it will be a different story.