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A Simple Plan To Fix Patreon Without Swindling Supporters Or Creators

21 Dec 2017, 15:01 UTC
A Simple Plan To Fix Patreon Without Swindling Supporters Or Creators
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The idea of sponsoring a cause or an artist through patronage isn’t new, but the Patreon business model of connecting creatives with crowds through their first-of-its-kind funding platform was a revolutionary breakthrough. Image credit: Shutterstock.Those awful almost-changes they made? They could have avoided the whole problem by simply doing the math.Designed for artists, writers, and creatives* of all different persuasions, Patreon has become a haven for content creators to connect with their supporters, and provided a hassle-free way for supporters to fund the creators and projects that matter to them most on an ongoing basis. Last week, Patreon made an announcement that they were changing their fee structure, leading with the announcement that creators were now going to take home 95% of the amounts pledged to them. Since creators typically received just 85–90% of their pledge amounts, this represented a big increase. But on closer inspection, it came at a tremendous cost: overcharging every one of their supporters. After a week of tremendous losses worldwide and very vocal outcries, Patreon backtracked and apologized, but the damage was colossal. Here’s a simple plan to fix everything.Patreon’s fee structure as it is today, charged at the start of each month for the ...

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