• Everyone hates Patreon's new fee

    7 days ago - By Venture Beat

    Yesterday, Patreon sent out an email about changes it's making to its pledge system. The membership platform enables fans to become “patrons” and support creators directly by committing to tiers of payment starting from $1. Creators are currently responsible for payment processing fees, which range from 7 percent to 15 percent and come out of their cut of each pledge. However, starting on December 18, those fees will be transferred to patrons instead.
    In addition to the transaction fees coming out of pledges, Patreon also takes 5 percent. After factoring in processing fees, creators...
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