Patreon adding a 2.9% and $.35 fee to every patron transaction
patreon.zendesk.com
patreon.zendesk.com
I really dislike this move. I like to support creators with small monthly contributions, like $1-2/month. Because I pledge to a lot of creators the overhead remains small for the people I support.
With this new model Patreon is raising its prices for me with ~30%, or another way of looking at it Patreon is decreasing the payout to creators from ~90% to ~65% for small pledges.
They are switching away from the monthly batch billing to a transaction-per-pledge model, so I'm not sure why you don't like the title.
So it seems to me, that they are pushing all the transaction cost of credit card processing on the patrons, and taking that 5% as their chunk of the pie.
Which frankly for the service they are providing is ridiculous, I dumped my account, and will work to find another format to support those I choose, without this 5% fee for nothing.
(1) At Patreon's scale you pay <2% per transaction, so there is at least 1% extra overhead.
(2) That fee is present even with debit card transactions.
I agree with you regarding finding another means to support creators.