Understanding fees are a really confusing part of supporting creators of things you like. I provide a few ways for people to support my work, and my supporters can struggle to understand the differences between them. It comes down to fees, of which there are several kinds (note: I just made these terms up):
- Transaction fees are charged by the payment processor (the company that takes down your card number and runs the transaction with your bank). These are typically in the form of a percentage of the transaction plus a few cents.
- Platform fees are charged by the platform (e.g. Patreon) to run their operation, typically in the form of a fixed percentage of the transaction.
- Withdrawal fees are charged to move money from the platform to the creator’s bank account. These vary depending on the withdrawal processor.
- Taxes are also implicated, depending on how much the creator makes.
All of this adds up to a very confusing picture. I’ve made a calculator to help you sort it out.
Note: For an up-to-date calculation of Patreon’s fees, see the follow-up post.
Only the typical Stripe fee is applied.
Note: I am the author of fosspay, if you didn’t already know.
Articles from blogs I follow around the net
This post gives an overview of the recent updates to the Writing an OS in Rust blog and the used libraries and tools. I was very busy with finishing my master's thesis, so I didn't have any to implement any notable changes myself. Thanks to contrib…via Writing an OS in Rust September 9, 2019
Today the Go team is very happy to announce the release of Go 1.13. You can get it from the download page.via The Go Programming Language Blog September 3, 2019
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