Personal View site logo
Make sure to join PV Telegram channel! Perfect to keep up with community on your smartphone.
Calitalism: Patreon, Paypal and Idiots
  • Well, last week it is lot of various idiots going rounds because Patreon changed fees structure. No, they are right with complains. But it is same as if regularly violently raped girl suddenly started to complain to BSDM.

    So, here is situation with fees (I'll get international situation only):

    Paypal

    Any donation to individual or company (except non commercial) will be charged 4.4% + 4.0% atop exchange course + around $0.3.
    For small $1 donation actual guy will get $0,62, and paypal + banks will keep 38%.

    Old Patreon

    Fees consisted from around 6% processing fees (very fuzzy thing) plus 5% Patreon fees. For any amount it was same.
    For small $1 donation actual guy will get $0,89, and Patreon + banks will keep 11%.

    Reason of sudden Patreon popularity among small creators can be clearly seen now.
    As most of pledges are usually $1, many at $3-10 region (up to 95% frequently).

    Present Patreon

    Fees consist now from 2,9% service fee, 5% Patreon fees and new $0,35 fixed fee imposed on donators. For any amount it was same.
    For small $1,35 donation actual guy will get $0,92, and Patreon + banks will keep 47%.

    Now all the woes become clear (check above for small pledges percentage).
    Idiots keep going rounds and telling that managers are idiots.

    Just valid question remains. What exactly cost even 5% in this transaction (with self cost being tiny fixed number, not depending on sum)?
    Why tolerate such guys? Why going in rounds telling how great it was?

    The slave who drools when smugly describing the delights of slavish existence and who goes into ecstasies over his good and kind master is a grovelling boor.

    V. Lenin.

  • 5 Replies sorted by
  • Paypal is 2.6%

    Paypal: For example, if you send $100.00 by credit card, the fee would be $2.90 ($2.60 + $0.30). For example, if you send $10.00 by credit card, the fee would be $0.56 ($0.26 + $0.30). For example, if you send $1.00 by credit card, the fee would be $0.33 ($0.026 + $0.30).

    Nothing of interest here, except another slavishly boring V. Lenin quote...... ;-)

  • @caveport

    As usual not reading actual thing.

    So, here is situation with fees (I'll get international situation only):

    All rates were provided for international donors.

    Nothing of interest here, except another slavishly boring V. Lenin quote...... ;-)

    I added final word in title for reason.

    It is not the consciousness of men that determines their being, but, on the contrary, their social being that determines their consciousness.

    Some explanation of your present self by Marx.

  • And so with gods and men
    The sheep remain inside their pen
    Though many times they've seen the way to leave

    Genesis - Firth Of Fifth

  • We’re not going to rollout the changes to our payments system that we announced last week. We still have to fix the problems that those changes addressed, but we’re going to fix them in a different way, and we’re going to work with you to come up with the specifics, as we should have done the first time around.

    Calm down guys, buy some oil, we'll visit you with new shaft soon and try again. :-)