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Boosted by jwz:
siderea@universeodon.com ("Siderea, Sibylla Bostoniensis") wrote:
Hey, #PatreonCreators! Did anybody else have a weird increase in processing fees?
I'm not talking about Patreon's cut ("platform fee"). I'm talking about is the payment processors' fees (allegedly) that Patreon passes along.
Patreon just announced they're increasing their own cut to 10% for new creators just signing up, but I am an existing creator and that doesn't apply to me. My platform fee was 5.8% for July, which is a touch higher but fine, whatever.
But my processing fee shot up. My January and July were extremely similar in revenues ($466.19 vs $458.50) and patrons (160 vs 162), but the payment fees jumped up over 50%, from 5.8% to 8.8%.
This plus the minor increase in the platform fee means my fees jumped from 11.4% (on the high side of previously previously typical) to the astounding 14.6%.
Any of you seeing something similar?