Hacker News Reader

HNHacker News

Top New Best Ask Show Jobs

Comment by buovjaga | Hacker News Reader

Full thread

buovjaga·

Flattr is making the most out of the situation :) https://blog.flattr.net/2017/12/patreon-fees/

View on HN

So instead of losing 2.9% + 0.35 on donor and 5% on recipient, why not lose 16.5% instead? #winning

From the FAQ at https://flattr.com/faq#23 :

We take 7.5% of received revenues (to keep Flattr running, develop further and handle chargebacks and fraud). Our payment provider (MangoPay) charges 9% of received revenues (please see this blog post for more information). These fees are withdrawn on the 1st of the month for revenue received in the prior month.

Whenever money is withdrawn (currently the minimum amount that can be withdrawn is $10) a $3 fee is charged.

"We still think Patreon is a great solution for creators, but they now seem to be less about supporting creators plural, and more about supporting a creator singular (or perhaps one or two creators)"

Does anyone know what they're talking about with the "or perhaps one or two creators" part?

With the fee change, if you have a budget of, say, $15 to spend on creators on Patreon, it makes sense to split that into as few pledges as possible to minimize the number of times you pay the fees.

My guess is assuming this will change consumer behavior. Suppose bob sponsored 5 people at 1$ each before. Now if Bob gets charged a fee for each of the 5 contributions, he might change his election to 5$ to his single favorite creator, so that he is only charged 1 fee instead of 5.

Reply on news.ycombinator.com