So a lot of things have been happening on Patreon. The original post is here, but I thought I would share it here as well.
So, Patreon has gone and made some changes that are going in effect on December 18. You’ve probably seen the email they sent out. These changes will take transaction fees that used to be deducted from your pledge before I receive my money and tack it on top of the amount you pledged at a rate of $0.35 + 2.9%. This means a $1 pledge will now cost you $1.38.
In addition to this change, Patreon is also de-aggregating pledges. With my current pledge-per-weekly chapter model, this would result in you paying 4 separate transaction fees per month. I’m not okay with this.
Each pay-per-thing pledge will result in a separate transaction fee and every patron you pledge to will also result in a separate transaction fee. This is not ideal, and it isn’t what any of us signed up for originally.
That said, I don’t want to abandon Patreon. Other subscription services like PayPal have fees as well, and I’d lose the ability to easily provide patron-only content for you. There are ways to do it, but if I had the spare time and energy to dedicate to such a project, I would have done so already.
What I do want to do is reduce the number of transaction fees I cause for you. I can do away with them altogether, but I can at least take steps to make sure you’re only paying one transaction fee a month to support me.
My solution is to switch to the pledge-per-month model. This will guarantee you only pay one transaction fee per month for your contribution to me. It’s not ideal. I’d much rather have a system where the amount you pledge is the amount you pay, but that’s out of my control.
This solution does bring a bit of anxiety and uncertainty to me. I’m currently collecting your pledged amount between 2 and 4 (and sometimes 5 on 5 Saturday months) times per month. If everyone remains at their current pledge amount when we switch, I’ll only receive about $19 per month. While that’s a whole lot better than nothing, my budget has come to count on the income from Patreon.
So my solution comes with a question/call to action for all of you: will you increase your pledge amount so my pledge per month will match the amount I got from a typical month of pay-per-chapter posts?
We don’t have a lot of time. These changes are coming whether we want them or not on December 18. Please like this post so I know you’ve read it and please let me know your thoughts on this as soon as possible. I want to make these changes as quickly and painlessly as possible and I need to hear from you to do it right.