Patreon currently takes between 5% and 12% of creator earnings (plus a payment processing fee), depending on the product plan chosen by the customer. Assuming the average cut is 8% of total earnings, Patreon registers $80 million in annual revenue.
Hence, How many fees does Patreon take?
The platform fee (or the percentage of your earnings that Patreon takes) varies from 5% to 12% depending on the plan you pick. There is an additional payment processing fee of 2.9% + $0.30 for donations over $3. 5% + $0.10 for donations of $3 or less.
Consequently, How much do Patreons make? There are two types of currency on Patreon: financial earnings.
How to get an estimate of how much you could make on Patreon.
| Size of following | 30,000 |
|---|---|
| Average value per patron | $7 |
| Total monthly earnings | $315 – $1575 |
• May 31, 2018
How much money does Patreon take from creators? Conversion fees
Patreon charges creators a 2.5% currency conversion fee on all patron payments made in a currency other than the creator’s payout currency. This fee is reversed on any payments that are refunded to patrons. All fees will be calculated based on the creator’s payout currency.
In addition, Can you cancel Patreon one month? You can cancel your upfront membership at any time. Your cancelation stops the auto-renewal of your membership, meaning you won’t see future charges. Since you’ve paid for the current month upfront, you’ll have access to our creator’s patron-only content for the remainder of the month.
Who has the biggest Patreon?
So who actually boasts the most patrons on the platform? According to rankings maintained daily by Graphtreon, American political and humor podcast “Chapo Trap House” is at the very top of the list with 30,669 patrons bringing in $137,374 per month as of September 9th.
How do I run a successful Patreon?
- 5 Data-Backed Tips to Be Successful On Patreon Your First Month. December 15, 2015Maura Church.
- Consider having more than 1 goal.
- Consider having more than 2 benefit tiers.
- Make more than 3 unpaid posts in your first month.
- Send some messages in your first month.
- Spread the word on social media.
How often should I post on Patreon?
Frequency of Posting
Our general advice is that if you’re producing more than 4 pieces of content a month, go monthly. If you’re pumping out more than 4 blog posts, videos, comics, or cute little creatures that you want to charge for — you should probably be a monthly creator.
Is Patreon better than YouTube?
Although Patreon and YouTube Memberships offer similar membership tier features: The main difference is that YouTube offers fewer membership tier features but offers more engagement features while having stricter content policies and taking a higher cut of your income when compared to Patreon.
What percentage does PayPal take?
PayPal’s basic fee is 2.9% plus $0.30 USD per sale.
What Percentage Does PayPal Take?
| PayPal Transaction | PayPal Percentage |
|---|---|
| Sales within the US | 2.9% plus $0.30 USD per transaction |
Why does Patreon charge on the first?
How charge upfront billing works. When you enable charge upfront, we charge patrons as soon as they sign up. Their first payment grants them access to your backlog of creations and their membership. We then process patrons’ payments on the 1st of every month after that.
How does payment work on Patreon?
Patrons can add their credit cards to their account or during checkout. We process payment to the card on file. The funds are then sent to your creator balance. If funds are not available on the card or the card has expired, the patron’s payment will decline until they add a new payment method.
How do I get my money from Patreon?
Once enabled, automatic withdrawals occur on the 5th of each month.
- Log in to your creator account.
- Click the Income button from the creator menu.
- Click on Payouts from the menu list.
- Click the Edit button next to auto withdrawal.
- Click Turn on to enable auto withdrawal.
What is the most expensive Patreon?
These are some of the highest paid Patreon accounts that earn more than $50,000 a year:
- True Crime Obsessed.
- Chapo Trap House.
- DarkCookie – Summertime Saga.
- Jeff Wittek.
- You’re Wrong About.
- The Tim Dillon Show.
- DankPods.
- Flagrant 2.
How does Patreon make money?
How Does Patreon Make Money? Patreon’s method of supporting itself is simple. Patreon pays 90% of the amount pledged by the patrons to the creators. The company charges a 10% cut which is categorized into 5% for using the platform and a 5% as processing fees.
Do you need a business license for Patreon?
Your Patreon income does not require you to register as an LLC but there are many reasons you should consider it. Setting up an LLC can protect your personal assets from the majority of liabilities incurred by your business.
How do I promote Patreon on Instagram?
Well, the easiest way to promote Patreon on Instagram is to add your Patreon link to your Instagram bio. This is really easy! All you have to do is to click on your profile icon on Patreon and click on the “Finish Page” button. Then, below the “Basics” section, scroll down and find “Patreon Page URL”.
How does Patreon monthly work?
When you enable charge upfront, we charge patrons as soon as they sign up. Their first payment grants them access to your backlog of creations and their membership. We then process patrons’ payments on the 1st of every month after that. Each 1st of the month charge gives them membership access for that month.
How do I grow my Patreon?
9 Tips to get more Patreon supporters
- To give you a bit of context….
- #1 Don’t ever ask directly.
- #2 Mention your Patreon page everywhere.
- #3 Use different content.
- #4 Make it personal.
- #5 Use incentives for new sign-ups.
- #6 Giveaways are great.
- #7 Build a community.
Can you be a Patreon for one month?
At the moment, Patreon only offers recurring memberships, and one-time donations are not available. All Patreon memberships recur on a monthly or annual (if your creator has this available) billing cadence. You can learn more about how creators can bill their patrons in our article: Understand my payments to creators.
How do I make my Patreon successful?
You should start a Patreon if:
- Your Work Requires Little Overhead.
- You Already Have an Audience.
- You’re Looking for Motivation.
- Create an Attractive Profile.
- Offer Tantalizing Patron Rewards.
- Set Achievable Goals.
- Thank Your Patrons.
- Promote, Promote, Promote.
Is Patreon owned by YouTube?
Patreon was co-founded in May 2013 by developer Sam Yam and musician Jack Conte, who was looking for a way to make a living from his YouTube videos. They developed a platform that allowed ‘patrons’ to pay a set amount of money every time an artist created a work of art.
How much do YouTubers make on Patreon?
In the same article, Patreon explains that in a typical reward tiers structure of $2, $5, $10, $25, and $100, the average user will pay around $7 per month. This gives us expected earnings of about $28 per 1,000 YouTube subscribers per month (4 patrons x $7 per month).
Can writers make money on Patreon?
Over the last couple of years, Patreon has become the leading online platform for creators such as writers and illustrators looking to earn money for their work. Patreon can be hugely rewarding, but it’s no easy work. Here are some things you should about Patreon know before signing up…