Fee breakdown for various donation platforms

Published 2018-01-16 on Drew DeVault's blog

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.

Sources

fosspay

Only the typical Stripe fee is applied.

Note: I am the author of fosspay, if you didn’t already know.

Patreon

How do you calculate fees?

What are my options to receive payout?

Liberapay

FAQ

Have a comment on one of my posts? Start a discussion in my public inbox by sending an email to ~sircmpwn/public-inbox@lists.sr.ht [mailing list etiquette]

Are you a free software maintainer who is struggling with stress, demanding users, overwork, or any other social problems in the course of your work? Please email me — I know how you feel, and I can lend a sympathetic ear and share some veteran advice.


Articles from blogs I follow around the net

Updates in March 2020

This post gives an overview of the recent updates to the Writing an OS in Rust blog and the corresponding libraries and tools. I focused my time this month on finishing the long-planned post about Async/Await. In addition to that, there were a few updates …

via Writing an OS in Rust April 1, 2020

Wayland clipboard and drag & drop

Clipboard and drag & drop are arguably one of the most complicated parts of the core Wayland protocol. They involve a lot of back-and-forth communication between three processes: the application where some content has been copied, the compositor, and …

via emersion March 26, 2020

Go, the Go Community, and the Pandemic

Go always comes second to more basic concerns like personal and family health and safety. Around the world, the past couple months have been terrible, and we are still at the start of this awful pandemic. There are days when it seems like wo…

via The Go Programming Language Blog March 25, 2020

Generated by openring