As Styx used to sing, Nothing Ever Goes as Planned – I launched my Patreon page on the 1st of December 2017, and about a week later Patreon announced they are changing the payment system.
The following is the suggested text I should post for my followers, to explain to you what’s going to happen:
In the past, I was covering Patreon’s 5% fee and all of the processing fees in full for all of my patrons. This meant that every month I saw anywhere from 7-15% of my earnings taken out to cover those processing fees.
Starting December 18th, Patreon will apply a new service fee of 2.9% + $0.35 to each of your individual pledges. This service fee helps keep Patreon up and running and standardizes my processing fees to 5%.
This ensures that creators like me keep more earnings in order to continue creating high-quality content. I hope you understand and continue your pledges on Patreon. You can read even more about the service fee here.
*I hope you understand…** my goodness! Continue reading