• dubyakay@lemmy.ca
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    11 hours ago

    It’s not $10. It’s 10%.

    We’re consolidating our pricing to a standard 10% platform plan + applicable taxes

    In May 2019, we introduced new creator plans and fees: Pro at 8%, and Premium at 12%

    Percentage is inflation proof. They did not decrease anything over time.

    • FreedomAdvocate
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      10 hours ago

      10%, $10, doesn’t matter.

      Percentage isn’t inflation proof. Them taking a percentage only means it increases with inflation if the thing they’re taking a percentage of does too.

      • Tudsamfa@lemmy.world
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        8 hours ago

        Fairly certain what you describe is what they meant with inflation proof, compared to a fixed price.

        In any case, I imagine most Patreon creators have over time adjusted their reward tiers, or gathered more Patreon supporters to keep up with how Inflation affects their costs, thus giving more to Patreon. Both the company and creators would benefit here.

        Instead, increasing the (average) percentage just helps the company at the cost of creators. To make their pay keep up with inflation, they still need to either increase the number of supporters or the price of rewards, so the company benefits doubly. Edit: forgot, this change is currently only for new creators. Existing accounts do not need to adjust their pricing (yet)

        There seem to be enough alternatives that only charge a 5% fee, so this might just lose Patreon money if enough Creators see this as a step too far.