Patreon's self-inflicted death wound

I like that the Patreon service exists, but am just now discovering what a rip-off it has been for creators. When I give $1 to a creator Patreon takes a 5% cut, which was acceptable (if high), but then Patreon charges the creator for serving the payment. The servicing cost is between between 7-15%. I had no idea that Patreon did not assume the cost of service fees as part of their 5% cut. Now they want to shift the service fee to the patron via a 2.9% fee plus 35 cents on each pledge. My $1 is now going to be $1.38 (ie 100 + 2.9 + 35)! Patreon needs to rethink this change or discover how quickly they will be replaced as an intermediary.

See Funny money, Patreon Style.

Update: Patreon responds We messed up. We’re sorry, and we’re not rolling out the fees change.

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