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These folks didn't read https://siderea.dreamwidth.org/1824441.html https://siderea.dreamwidth.org/1824441.html and they're going to suffer for it. (It was dis

• ramesh31 3y ago
  > These folks didn't read https://siderea.dreamwidth.org/1824441.html https://siderea.dreamwidth.org/1824441.html and they're going to suffer for it. None of the business logic matters at all. Patreon is a payments company, full stop. You compete with them by creating a better payments system, that can offer higher margins and less fragility.
  • yorwba 3y ago
    Patreon is more like a frontend for payment companies. The backend is either Stripe, PayPal or Payoneer. https://support.patreon.com/hc/en-us/articles/208656246-How-payouts-work https://support.patreon.com/hc/en-us/articles/208656246-How-... If you create a better payments system but ignore the business logic that makes people want a frontend, you can maybe compete with Stripe, PayPal and Payoneer, but not with Patreon.
    • toomuchtodo 3y ago
      This is salient comment. Plug into FedNow in the US and Wise internationally for P2P payments and call it a day. If you don’t want to pick a bank, FiServ, ACI, and Jack Henry can all provide you these domestic low cost payment rails. You’re a content store, and if payments are small amounts, you must drive down payment costs.
      • stevenicr 3y ago
        I was under the impression patreon did adults-only content that is not allowed by stripe / paypal (although now I think of it, I recall paypal loosening this a bit maybe?) - any idea if the ones you mentioned also censor in this way?