Unfortunately raising money isn’t a proxy for profitability. In many cases it’s the opposite. It could be seen as a proxy for potential, but potential alone doesn’t pay the bills.

This fee feels a lot like the fee a merchant would be charged for a credit card transaction, so in essence Patreon is passing on their fees.

I wonder why they don’t have a structure akin to micro transactions, where there is no fixed fee but a slightly higher variable fee. I’d guess most of their transactions are probably small enough.