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‹ Patreon Re-Releases its WordPress Plugin Webcomics Confidential Ep 39 — Kevin McShane ›

Patreon Restructures its Payment System

Patreon will announce to backers tomorrow morning that it is planning to change how it bills patrons for their pledges.

From Patreon’s e-mail to creators…

In the past, a creator’s income on Patreon varied because of processing fees every month. They could lose anywhere from 7-15% of their earnings to these fees. This means creators actually took home a lower percentage of pledges than their patrons may have realized.

A new service fee of 2.9% + $0.35 will be paid by patrons for each individual pledge starting on December 18th. This restructuring allows creators to take home a greater portion of their earnings, which is core to our mission of getting creators paid.

I’m seeing some panicked tweets from creators. Here’s what you need to know…

The content you are trying to access is only available to members.

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by Brad Guigar on December 6, 2017
Posted In: Crowdfunding
└ Tags: Patreon
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