TL;DR: Patron is price-gouging you and keeping the cash. I’m against this, obviously. Read my 2nd update below for details.Welp, this came out of nowhere.
You may have heard by now, but in case you haven’t, Patreon is altering how they charge the transaction fees for patrons (you) and creators (me) in order to provide more transparency and consistency to the process. While I appreciate the thought, I’m not sure if I agree with the method.
Starting December 18th a small transaction fee that I was previously paying will be shifted to each of you. This provides me with a larger % of the payment pie, but it also means all of your pledges will go up by a margin.
Here are all the gritty details: https://patreon.zendesk.com/hc/en-us/articles/115005631963
For the 5$ and 10$ patrons, this isn’t much of a change. Your pledges will go up by less than a dollar.
For the 1$ patrons, this will almost double your pledge, and I can’t do anything about it.
Since I offer a great deal of content at the 1$ level, I have the majority of support at that level, which means most of you will be impacted by this.
Here are a few things you should know:
1: If you, for any reason at all, need to stop supporting me in order to keep to your budget, please do not hesitate to cancel your pledge. I will be sad to see you go, but you need to support yourself before you support me. Click the follow button to get all my public posts until you can jump back in.
2: If you have concerns about these pledge changes, contact Patreon directly: HERE
3: Since this patreon is run on a monthly cycle none of you will see any additional charges until January First
EDIT: I will continue to provide content, books, art, and work as it’s completed. These fee changes will not change the structure of this patreon. I adore each of you!
Edit2: Ok after some significant research and talking with a lot of friends who whipped out their excel spreadsheets to do the math, I’m disappointed to report that this change is NOT GOOD for ANYONE in ANY WAY except Patreon the company.
You can find a great write-up of the details here: http://www.pretty-terrible.com/funny-money-patreon-style/
1: Those of you who pledge to more than one creator are really getting the shaft end of the deal. Starting January 1st you will be saddled with fees PER PLEDGE, to cover processing and transactions.
2: If you pledge at low levels: 1, 3, 5, 10– those fees add up to double or triple what you’re normally charged each month.
I’m already looking into alternates for Patreon. Kickstarter is releasing a new program early next year that I’m on the waitlist for. Ko-Fi might be an option.
Ultimately I’d love to bring you all over to my website directly: tamiveldura.com. Because if I control the platform, I control the fees.
Reminder that nothing will affect you until the First of January. I’ll be actively looking into an alternative to Patreon starting today. Stay tuned for more news and you can always catch me on Twitter.