38
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 13 Sep 2023
38 points (100.0% liked)
/kbin meta
3 readers
1 users here now
Magazine dedicated to discussions about the kbin itself. Provide feedback, ask questions, suggest improvements, and engage in conversations related to the platform organization, policies, features, and community dynamics. ---- * Roadmap 2023 * m/kbinDevlog * m/kbinDesign
founded 1 year ago
Just because I was curious which platform takes the smallest cut:
Patreon takes 8%, plus payment processing (I assume another 3-5%). Let's call it 11%.
Buy Me a Coffee seems to take 5%, and Stripe takes 2.9%. Basically 8%.
Liberapay apparently takes 0% themselves, but 3-5% goes to payment processing through Stripe or Paypal. The site is funded by people who directly support the Liberapay account itself lmao. So 3% puts them in the clear lead.
I know Patreon is basically a household name at this point, but if you're open to a bit of change I'd encourage folks to use Liberapay!
Just re: Liberapay's fees, 2.9% is their recorded average when using Stripe and 4.9% the average when using PayPal. YMMV based on e.g. donation size (where a small donation will have a higher % fee due to the processing fees being a combination of flat and %), currency / country, etc.
It's still almost always the lowest-fee option when available, but just wanted to be clear that you can't just jump in and expect to see ~3% regardless of circumstance.
That's a good point! I've edited my previous comment for accuracy!