Kiwi Farms
Fucking apocalyptic amount of salt incoming.
Recently, Patreon changed its TOS so that instead of being charged from a lump sum of what a content creator earns on it, the charge is now per donation. This amount is apparently a 2.9% plus $0.35 PER PLEDGE transaction fee.
In addition, Patreon announced that they plan to essentially cut out the ability to circular donate from your patreon donations alone in accordance with Paypal's demands.
Suffice to say, the Rat Kings are fucking livid.
SHORT VERSION:
For many standard Patreon users (specifically the successful ones), this is actually a decrease in how much they're paying Patreon itself, often lowering the amount to a take-away of about 95% per-pledge.
But this change also means that Patreons that are almost entirely $1-5 donations en masse (like many, many Rat King clients) and/or are bolstered by circular donators are going to be absolutely butt-fucked by this change.
And you'd best believe that they aren't happy about it:
Keep your eyes open, because there is every possibility this will brew up in a big way over the next day or so.
Recently, Patreon changed its TOS so that instead of being charged from a lump sum of what a content creator earns on it, the charge is now per donation. This amount is apparently a 2.9% plus $0.35 PER PLEDGE transaction fee.
In addition, Patreon announced that they plan to essentially cut out the ability to circular donate from your patreon donations alone in accordance with Paypal's demands.
Suffice to say, the Rat Kings are fucking livid.
SHORT VERSION:
For many standard Patreon users (specifically the successful ones), this is actually a decrease in how much they're paying Patreon itself, often lowering the amount to a take-away of about 95% per-pledge.
But this change also means that Patreons that are almost entirely $1-5 donations en masse (like many, many Rat King clients) and/or are bolstered by circular donators are going to be absolutely butt-fucked by this change.
And you'd best believe that they aren't happy about it:
Keep your eyes open, because there is every possibility this will brew up in a big way over the next day or so.