While you as the creator don’t have to worry about collecting VAT from your EU patrons, it can affect your effective payment processing rate. A great many open source projects depend on Patreon for income, including myself. And we’re making progress on that: this year alone, we’re on track to pay $150 million to creators.

How on earth does this relate to the new service fee? They are explained in detail below: his fee covers the use of Patreon’s membership platform. What is Patreon? This means that we only take money if the creator is making money.

We actually experimented with three different service fee structures, all of which were higher than the 2.9% + $0.35 we selected.

you like. The charge for moving funds from your creator balance to your bank, PayPal, or Payoneer account. Have a comment on one of my posts? (So, all creations made in November are added up together and charged in one bundle on December 1.). From our platform fee, to payout fees through third parties. Flex with everyone? © Copyright 1997 – 2020 Myce B.V. – All rights reserved. Select the pencil icon next to the membership you want to update.

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Visit Patreon U. Patreon Help Center; CREATOR PAYOUTS; Taxes & Fees; Taxes & Fees Follow New articles New articles and comments.

Right now, we keep those fees as low as we can by charging patrons once every month across multiple pledges — that’s why all charges come on the first day of the month. Why is my payout is less than I expected? These are bundled together and billed on the first day of the following month. What are my responsibilities as a Patreon creator. Choose a membership. We’ll get there.

That’s obviously not a great, long-term solution! (To get into the details, existing per-creation pledges for posts made on/after Dec. 18th will be charged the new service fee; existing per-month pledges will first be charged a service fee on January 1.) patrons. 35% fee even with all pledges on a single transaction. after PayPal takes $0.00. While the fixed fee varies due to patron payment method and shared patronage, it can be as high as 30 cents per transaction. This fee can be viewed in your. However, despite claiming to give creators 92% of dollars pledged to them by minimising credit card fees, they now charge payment processing fees directly to the patrons on new pledges. We’ve contacted Patreon to see if this is an accurate assessment of the new system. Patreon is legally required to collect VAT from European Union (EU) patrons. sending an email to Patrons have the option to pay for their membership in the currency they prefer. [mailing list etiquette], Hey everyone! Advanced calculations .

Aside from Patreon’s existing 5% fee, a creator’s income on Patreon often varied from month to month because of third-party processing fees. Language: English. This percentage amount depends on the, This means that we only take money if the creator is making money.

Patreon has recently hit 1 million active patrons and has over 50,000 active creators on Patreon. after PayPal takes $0.00. Your payment processing fees will vary based on your tier amounts (results in the pledge amounts charged), your patrons’ method of payment (i.e.

Patreon says in a blog post that it based its decision on months of experiments and research, which found that many patrons were happy to foot the processing fee for artists. Those !

Fraud protection. newsletter. Support and engage with artists and creators as they live out their passions!

Luhrs also argued that Patreon could end up with a bigger slice of the pie, because it would pay one processing charge for a patron’s entire monthly pledge, while the patron would end up with multiple 35-cent fees. To do that, we need to eliminate the “double charge” scenario that harms patrons today. Every decision we make — including this one — is a part of our goal to help creators establish memberships, earn salaries, and build careers.

If you want $0.00, you should ask for: $0.00. Start a discussion in my public inbox by United States. Some creators were hit by these fees much more than others, and it wasn’t predictable month to month. Here’s a sample of the type of pain we hear from creators. our next step would likely be to coach the affected project through the that this is not a perfect estimation as it doesn’t factor in European Union VAT or PayPal non-US.

We catch fraud before it hits your balance so you don’t have to. Founding creators kept their old rates, but can opt in to the new payment processing rates by emailing us.

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