Although Patreon does not charge you outright for its services, the platform does take a percentage of your earnings. The amount can vary between 3% and 12%. How do taxes work with
It is completely free to get started on Patreon. However, Patreon will take a small percentage of your earnings onPatreon, plus a rate for processing payments. The platform fee (or the percentage of your earnings that Patreon takes) varies from 5% to 12% depending on the plan you pick.
As far as the processing fees are concerned, if your patrons are located in the United States the processing fee will be 2.9% along with $0.30 charges on every transaction and that takes the total paid to Patreon to roughly 7.9%.
Platform fee: 5% of $10 = $0.50 Payment processing fees: 2.9% of $10 + $0.30 = $0.59 + $0.30 = $0.89 Total deductions by Patreon: $0.50 (platform fee) + $0.89 (payment processing fees) = $1.39 Earnings for the creator: $10 β $1.39 = $8.61
Posted atοΌ04/27/2021. #SEO. Although it's free to get started on Patreon, it charges a certain percentage once creators start earning on Patreon, plus an industry-standard rate for processing payments from their patrons. Currently, Patreon offers 3 subscription plans taking 5-12% of the monthly income creators earn on Patreon:
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what percentage does patreon take
