As a creator, Patreon creators can charge per month or per creation. The platform fee (or the percentage of your earnings that Patreon takes) varies from 5% to 12% depending on the plan you pick. There is an additional payment processing fee of 2.9% + $0.30 for donations over $3. 5% + $0.10 for donations of $3 or less.
How much does Patreon take per dollar?
Conversion fees
Patrons have the option to pay for their membership in the currency they prefer. Patreon charges creators a 2.5% currency conversion fee on all patron payments made in a currency other than the creator’s payout currency. This fee is reversed on any payments that are refunded to patrons.
How much does Patreon take from membership?
#1 Platform fee
This fee covers the use of Patreon’s membership platform. The legacy founders platform fee is 5% of processed payments. This means that we only take money if the creator is making money. Check whether or not you have the founding creator 5% plan from your creator account settings.
Why does Patreon take so much money?
Patreon makes money by taking a cut of all creator earnings generated through the platform. Patreon currently takes between 5% and 12% of creator earnings (plus a payment processing fee), depending on the product plan chosen by the customer.
How does Patreon make money?
Patreon makes money via a variable fee that it charges to creators. The firm has a tiered fee structure separated into 3 distinctive plans: Lite, Pro, and Premium. Creators pay either a 5 percent, 8 percent, or 12 percent fee on the monthly income they earn on Patreon, depending on the chosen plan.
Who is the highest paid Patreon?
- True Crime Obsessed.
- Chapo Trap House.
- DarkCookie – Summertime Saga.
- Jeff Wittek.
- You’re Wrong About.
- The Tim Dillon Show.
- DankPods.
- Flagrant 2.
Is Patreon or PayPal better?
5% to Patreon and then some to the payment processor (usually another 4-5%). While on the other hand, as your income grows, PayPal can be actually cheaper than Patreon, especially when your subscription amount is over $10. Then PayPal’s 2.9% will seem low compared to Patreon. Results: PayPal wins.
Can you make a living off Patreon?
This could enable you to make money online and get paid for your time outside of a full-time job. Patreon is a crowdfunding platform that allows fans of content creators to demonstrate their support. Some Patreon creators have been successful enough to rake in $200,000 per year through the site.
Is Patreon worth joining?
Conclusion. Patreon is a great tool for capitalizing on your following, and it’s flexible enough that you can do whatever you want with it! That said, you should view it as just that — a tool. Gaining a following and capitalizing on it doesn’t require content.
How do I use Patreon without paying?
Can you become a patreon without paying anything? No, Patreon will automatically take a 5 to 12% cut from your monthly earnings. And they will usually charge you 5 dollars when you click on “become a Patreon” option. However, if you’re searching for a free alternative, PinePage doesn’t currently charge creators.
How often should I post on Patreon?
Frequency of Posting
Our general advice is that if you’re producing more than 4 pieces of content a month, go monthly. If you’re pumping out more than 4 blog posts, videos, comics, or cute little creatures that you want to charge for — you should probably be a monthly creator.
Does Patreon automatically take money?
Once enabled, automatic withdrawals occur on the 5th of each month. Now, we’ll send any balance you have to your designated payout method every month.
Do you pay taxes on Patreon?
Does Patreon withhold any taxes from my payments? No – Patreon doesn’t withhold anything (aside from our fees) from your funds earned on Patreon. We are obligated to add, collect, and remit sales tax and VAT on top of some pledge, but those funds are not calculated anywhere as ‘earnings’.
Is Patreon better than YouTube?
Although Patreon and YouTube Memberships offer similar membership tier features: The main difference is that YouTube offers fewer membership tier features but offers more engagement features while having stricter content policies and taking a higher cut of your income when compared to Patreon.
How much do Patreon creators make?
The average estimated amount earned by staff at Patreon is $144,380, which translates to $69 per hour. The median salary is $151,900, which comes to about $73 per hour when broken down.
How do I make my Patreon successful?
- 5 Data-Backed Tips to Be Successful On Patreon Your First Month. December 15, 2015Maura Church. …
- Consider having more than 1 goal. …
- Consider having more than 2 benefit tiers. …
- Make more than 3 unpaid posts in your first month. …
- Send some messages in your first month. …
- Spread the word on social media.
Who is Patreon owned by?
Nilay Patel talks with Jack Conte, co-founder and CEO of Patreon, the platform that allows people to pay their favorite creators directly with monthly subscriptions.
Is Patreon only for artists?
Patreon is a unique membership platform that allows artists and creators to monetize their work. An audience will sign up to be a part of someone’s Patreon platform, usually at around $5 a month, and they will receive benefits that the creator makes available.
How do I use Patreon without paying?
Can you become a patreon without paying anything? No, Patreon will automatically take a 5 to 12% cut from your monthly earnings. And they will usually charge you 5 dollars when you click on “become a Patreon” option. However, if you’re searching for a free alternative, PinePage doesn’t currently charge creators.
Is Patreon worth joining?
Conclusion. Patreon is a great tool for capitalizing on your following, and it’s flexible enough that you can do whatever you want with it! That said, you should view it as just that — a tool. Gaining a following and capitalizing on it doesn’t require content.
Do I have to pay to be a patron?
For example, they can charge $5 a month through Patreon, and if you pay, you’ll become a patron and will get early access to their content and works. Patreon was co-founded in 2013 by Sam Yam and Jack Cont.
