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I follow a lot of very small youtube creators. I can often convince them to start a liberapay just for me to donate. They get 100% of the cut* (Patreon takes 12
by culi 2y ago
I follow a lot of very small youtube creators. I can often convince them to start a liberapay just for me to donate. They get 100% of the cut* (Patreon takes 12-16%) and I am supporting both the creator and Liberapay's popularity
The main downside is lack of integrations with the tiered perks Patreon offers. Most of the creators I follow don't really rely too heavily on the feature but I can see it becoming a larger hassle if a creator has to manage two platforms
* less fees
- extraduder_ire 2y agoI think a notable feature of patreon's cut is that they only take it on withdrawal. I don't know how that works for individual's tax exposure, but it does serve to inflate the cash amounts on the site from people using their patreon income to patronise others.
- culi 2y agoAh that is interesting. I didn't realize that. Is Patreon then allowed to basically act like a bank? Where they can invest the cash that's currently sitting in a Patreon account? Essentially, everyone leaving money in Patreon is giving them a micro-loan A somewhat related feature of Liberapay is there's a lot of flexibility in the frequency of your payments. You can enter in $5/week but it will suggest a payment frequency that minimizes fee. E.g. paying $21.43 every 30 days instead.
- TZubiri 2y agoNot necessarily. Not every entity can do whatever they want with deposits from others, you need to be an actual bank and regulated as such to have the right to invest other people's money
- bilekas 2y agoJust out of interest because it sounds a little too good to be true, but it the content creators keep 100% of the donations, how are LibrePay funding the operation itself ? Edit : My lazy self actually went and read up on it : > Liberapay does not take a cut of payments, the service is funded by the donations to its own account. However there are payment processing fees. This is a great example of dogfooding.
- culi 2y agoYup, liberapay is funded by donations on liberapay https://liberapay.com/Liberapay/ https://liberapay.com/Liberapay/ They're the second largest recipient
- vram22 2y agoWho or what is the largest?
- osa1 2y agohttps://en.liberapay.com/explore/recipients https://en.liberapay.com/explore/recipients largest is Librepay. Second largest is "infosec.exchange" Mastodon instance.
- culi 2y agoinfosec.exchange was first when I made that comment. I guess this HN post helped get a lot more support for liberapay
- bilekas 2y agoAbsolutely not a bad thing! I actually joined in myself, I'm convinced this is the best way to process donations!
- culi 2y agoPersonally I disagree with the technical stack, but I love the project and the people behind it so I too wanna support it as much as possible. It's hard to be "the Wikipedia of X" but once a tool has achieved Wikipedia status, competitors have basically no chance. A truly crowd-sourced and people funded solution is irreplaceable once it's mature and fully established
- sneak 2y ago100% less fees is not 100%. that’s like saying a bacon cheeseburger is vegetarian, except for the meat.
- deleted 2y ago[deleted]
- childintime 2y agoIt would be nice if you could add multiple (youtube) channels, as team members, and fund the collective from your (fixed) donation, each then takes their (partially auto) share from it.