6 ms·

Patreon takes the lowest cut of any platform. Only something like 12% vs most others taking 20-30% or more. E: see this video https://youtu.be/bGvfYv5nzs0?t=13

Patreon takes the lowest cut of any platform. Only something like 12% vs most others taking 20-30% or more. E: see this video https://youtu.be/bGvfYv5nzs0?t=138 https://youtu.be/bGvfYv5nzs0?t=138

nomel 4y ago
12 cents on every dollar seems like an absurd amount of money, for a relatively basic microblog.
- tomcam 4y ago
  Have you ever had to do your own accounts receivable, fraud detection, government compliance, and subscription management?
  - TakeBlaster16 4y ago
    No, but I have paid Stripe 3 cents on the dollar for pretty much all of the above. To be fair our business was much smaller than Patreon
michaelt 4y ago
Maybe, but that's pure profit. This isn't like a newspaper, finding neither ads nor paywalls will make ends meet. They're not phone app developers, finding users will barely pay $1. It isn't an ad-supported business that can only make a fraction of a penny per user. Their moderation needs are at a pretty small scale, with most user accounts tied to known bank accounts. They don't have to negotiate with rights holders for copyrighted content and get taken to the cleaners. They don't have to store and distribute gigabytes of video per second. They don't face big customer acquisition costs. Youtube and Twitch are doing a lot more work for their cuts.
Dylan16807 4y ago
Generally, their users don't need a platform, they need a payment processor.
- ZephyrBlu 4y ago
  If they didn't need a platform they could use Stripe directly.
  - Dylan16807 4y ago
    If stripe had a better UI and would batch payments then that would work pretty well, yeah. As-is that would probably not work out well.
    - ZephyrBlu 4y ago
      So you're saying that platforms are useful...
      - Dylan16807 4y ago
        We're talking about payment processing vs. platform, right? "Good UI" doesn't make something a platform. Doing payments in a fee-minimizing way definitely doesn't make something a platform.
  - stevenicr 4y ago
    I've been under the impression that patreon makes a bunch of their cash from people selling nudes (and perhaps owes their brand popularity to the groups of nude sellers that were using them) and that stripe refuses to deal with anyone that does nudes (?)
dns_snek 4y ago
This is absolutely false, Buy Me A Coffee takes a 5% platform fee and ko-fi takes 0%, this doesn't include the usual CC processing fee which is relatively minimal (Stripe rate).

Patreon takes the lowest cut of any platform. Only something like 12% vs most others taking 20-30% or more. E: see this video https://youtu.be/bGvfYv5nzs0?t=138 https://youtu.be/bGvfYv5nzs0?t=138

nomel 4y ago

12 cents on every dollar seems like an absurd amount of money, for a relatively basic microblog.

tomcam 4y ago
Have you ever had to do your own accounts receivable, fraud detection, government compliance, and subscription management?
- TakeBlaster16 4y ago
  No, but I have paid Stripe 3 cents on the dollar for pretty much all of the above. To be fair our business was much smaller than Patreon

michaelt 4y ago

Maybe, but that's pure profit. This isn't like a newspaper, finding neither ads nor paywalls will make ends meet. They're not phone app developers, finding users will barely pay $1. It isn't an ad-supported business that can only make a fraction of a penny per user. Their moderation needs are at a pretty small scale, with most user accounts tied to known bank accounts. They don't have to negotiate with rights holders for copyrighted content and get taken to the cleaners. They don't have to store and distribute gigabytes of video per second. They don't face big customer acquisition costs. Youtube and Twitch are doing a lot more work for their cuts.

Dylan16807 4y ago

Generally, their users don't need a platform, they need a payment processor.

ZephyrBlu 4y ago
If they didn't need a platform they could use Stripe directly.
- Dylan16807 4y ago
  If stripe had a better UI and would batch payments then that would work pretty well, yeah. As-is that would probably not work out well.
  - ZephyrBlu 4y ago
    So you're saying that platforms are useful...
    - Dylan16807 4y ago
      We're talking about payment processing vs. platform, right? "Good UI" doesn't make something a platform. Doing payments in a fee-minimizing way definitely doesn't make something a platform.
- stevenicr 4y ago
  I've been under the impression that patreon makes a bunch of their cash from people selling nudes (and perhaps owes their brand popularity to the groups of nude sellers that were using them) and that stripe refuses to deal with anyone that does nudes (?)

dns_snek 4y ago

This is absolutely false, Buy Me A Coffee takes a 5% platform fee and ko-fi takes 0%, this doesn't include the usual CC processing fee which is relatively minimal (Stripe rate).