Patreon Restructures its Payment System
Patreon e-mailed creators this evening with an announcement that it was 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…
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