Patreon’s new payment structure is likely to hurt small creators
Patreon yesterday announced a new fee structure, and people aren’t happy. Before the change, pledges were subject to a 5% fee plus payment processing fees, which were anywhere from 2%-10%. Now, instead of the processing fees, the platform makes patrons pay an additional 35 cents plus 2.9% for each pledge made. This adds to the …
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Patreon yesterday announced a new fee structure, and people aren’t happy. Before the change, pledges were subject to a 5% fee plus payment processing fees, which were anywhere from 2%-10%. Now, instead of the processing fees, the platform makes patrons pay an additional 35 cents plus 2.9% for each pledge made. This adds to the amount of money that patrons are asked to shell out, rather than having the fees come out of the creators’ income.