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 much does Patreon take from each subscription?
#1 Platform fee
This fee covers the use of Patreon’s membership platform. The legacy founders platform fee is 5% of processed payments. This means that we only take money if the creator is making money. Check whether or not you have the founding creator 5% plan from your creator account settings.
Consequently, Does Patreon take a %? Patreon currently takes 5 percent of its users’ earnings, and it has one service tier, which lets creators accept recurring payments from fans, offer different backing tiers with special perks, and link their Patreon accounts to platforms like Discord and Itch.io.
How much does Patreon take off the top? Conversion fees
Patrons have the option to pay for their membership in the currency they prefer. 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.
In addition, Is Patreon Safe 2021? Yes, Patreon is completely safe. It can be difficult to trust such a new concept, but Patreon has allowed thousands of artists to make a career and a living off of what they do best. For a subscriber, Patreon is perfectly safe to use.
Who makes the most money from 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 much does Patreon cost per month?
On top of the platform fee, the payment processor (Stripe or PayPal) charges a fee for each donation made: 2.9% + $0.30 for donations over $3.
Terms & Fees.
| Funding Duration | Unlimited/Continuous |
|---|---|
| Funding Method | Per month OR per creation |
| Platform Fee | 5%-12% |
| Payment Processing Fee | 2.9% + $0.30 for donations over $3 |
May 21, 2021
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.
How does Patreon make money?
Patreon makes money via a variable fee that it charges to creators. The firm has a tiered fee structure separated into 3 distinctive plans: Lite, Pro, and Premium. Creators pay either a 5 percent, 8 percent, or 12 percent fee on the monthly income they earn on Patreon, depending on the chosen plan.
How much does the average Patreon make?
The average estimated amount earned by staff at Patreon is $144,380, which translates to $69 per hour. The median salary is $151,900, which comes to about $73 per hour when broken down.
How much do Patreon creators make?
Now, let’s say that creator has reward tiers that are valued at $2, $5, $10, $25, and $100.
How to get an estimate of how much you could make on Patreon.
| Size of following | 30,000 |
|---|---|
| Traffic to creator page | 4,500 |
| % of traffic that converts | 1-5% |
| Average value per patron | $7 |
| Total monthly earnings | $315 – $1575 |
• May 31, 2018
Does Patreon take a cut?
As a creator, Patreon creators can charge per month or per creation. 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.
Is Patreon expensive?
It’s completely free to get started. We only receive a small percentage once you start earning on Patreon, plus an industry-standard rate for processing payments from your patrons.
How do I become a successful Patreon?
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.
Does Patreon take cut?
As a creator, Patreon creators can charge per month or per creation. 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.
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).
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
What company owns Patreon?
It allows artists to receive funding directly from their fans, or patrons, on a recurring basis or per work of art. The company is based in San Francisco.
Patreon.
| Screenshot A Patreon page from January 20, 2018 | |
|---|---|
| Headquarters | San Francisco, California , U.S. |
| Created by | Jack Conte Sam Yam |
| Key people | Jack Conte (CEO) |
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.
Is Patreon still popular?
Interest in Patreon has declined in 2021
At the end of June 2020, the search term “Patreon” had a value of 90, but this value dropped to 67 at the end of June 2021. Though, when compared to its popularity over the past five years, its interest is still higher compared to 2019 and the previous years.
Who is the top Patreon?
These top Patreon creators earn more than $200,000 a year
- Home Free.
- CANADALAND.
- SciShow.
- Bad Faith.
- Easy Allies. Embedded content: https://www.youtube.com/watch?
- Last Podcast on The Left. 12,288 Patrons.
- CGP Grey. Embedded content: https://www.youtube.com/watch?
- Chapo Trap House. 36,929 patrons.
How much money 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
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 |
Does it cost money to become a patron?
For example, they can charge $5 a month through Patreon, and if you pay, you’ll become a patron and will get early access to their content and works. Patreon was co-founded in 2013 by Sam Yam and Jack Cont.
Are Patreon donations tax deductible?
Your contribution, minus the value of any thank-you gifts you receive, is tax-deductible to the full extent provided by law. For example, if the patron pays $100, of which $20 is the deemed value of a tote bag, then only the $80 is considered to be tax-deductible.
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.
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 get my Patreon noticed?
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.