Re:Patreon Raises $90M Series E at $1.2B Valuation
by judge2020 on Tuesday September 01, 2020 @09:44PM
(#24349209)
Not having to deal with chargebacks and the upkeep of such a website to receive donations is enough for creators to pay the 5/8/12% [0]. It also helps that Patreon has been around for a while, so users see them as safe both in terms of security for their CC info, and for being easy to cancel a subscription whenever they want.
Re:Patreon Raises $90M Series E at $1.2B Valuation
by saalweachter on Tuesday September 01, 2020 @10:49PM
(#24349538)
As a patron, there is also very little friction in adding an extra creator to the set you are supporting, which turning it around is a huge value-add for creators: fans are more likely to add them to their Patreon account than to create a login for a pay wall or regularly click a "donate now!" button.
Re:Patreon Raises $90M Series E at $1.2B Valuation
by jackson1442 on Wednesday September 02, 2020 @01:33AM
(#24350256)
Would also like to note that creators pay the 2.9% + 30¢ as well. So in reality, it's 7.9/10.9/14.9%.
i don’t see how that works in public markets...though to give them credit they should probably try to go public sooner rather than later to take advantage of the froth...
also 8% on top of payment processing fees seems like a lot, though I guess creators just account for that in deciding what fees to charge...