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.
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.
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.
Is Patreon a monthly fee?
Patreon lets people financially support and reward content creators — such as podcasters, writers, and YouTubers — through a monthly subscription. Creators can set up multiple membership tiers with various rewards so each subscriber can choose the amount of money they feel most comfortable giving to a project.
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 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 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.
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 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.
How do you succeed on Patreon?
- 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.
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.
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’.
What are the pros and cons of Patreon?
- No upfront cost for the artist.
- The artist gets paid on a regular basis.
- Patrons get early and/or exclusive access to music.
- Account connects to your bank or PayPal for easy funds transfer.
- Patrons can spend as little as $1/mo.
Can you use Patreon for free?
Signing up is completely free – the only costs is IF you then decide to contribute to a Creators page. You can choose what Creators you want to support and in exchange will get exclusive content, deals and offers that aren’t available anywhere else.
Can I cancel Patreon anytime?
If the creator uses monthly charge upfront or monthly (non-charge upfront), you can cancel before the 1st of the month, and billing will stop. If the creator uses per creation billing, we’ll process any pending bills on your account when you cancel. So, please check your billing history before canceling.
Do I need PayPal for Patreon?
Accepted payment methods
Depending on your device and location, we accept payments via PayPal, Apple Pay, Venmo, and the following cards: Visa. Master Card.
Do I need a bank account for Patreon?
You will need a bank account to get paid. We do use three very popular payment services to get the money to you, but you must have a bank account to receive the money. The different services may not work in your country, or you may have heard that you can get a payout via a credit or debit card rather than a bank.
Do Twitch streamers have Patreon?
The Twitch extension shows live updates on pledges through Patreon and donations via Extra Life. Alternatively, recognition can mean a handwritten thank-you card or personal video.
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 is Patreon billed?
Patrons pay on the 1st of each month for paid posts published the previous month. We retry declined payments even if the patron cancels or downgrades their per creation membership. Patrons can find a complete record of payments in their Billing history.
