Changes in processing fees - 95% income to the creators

[michaelprescott]

The 95% amount is misleading. The real number you should be watching is the percentage of patron spend that you’re getting. For campaigns like mine, as far as I can tell, Patreon’s cut is going UP.

Patreon's cut is increasing?

Let’s say I have 400 patrons with $1 pledges. (I’m simplifying, but that’s not far off.) Let’s assume each of them supports an average of three creators. Half of them pay by PayPal, half of them pay by credit card. From what I can tell, in the November 2017 fee model, I’m going to be earning 86% of my patreon payments. They pay $400, Patreon takes 5% ($20), and then I pay $23.61 to Stripe, and $12.83 to PayPal. This leaves me with $343.56, which is 86% of what my Patrons paid. In the new mod…