Everything About Patreon Crowdfunding Platform

Description

What Is Patreon?

Patreon is a platform founded in 2013 by Jack Conte and Sam Yam to help creators connect with their fans and make a living from their work. With over 8 million monthly active members and 250,000 creators on the platform, Patreon has paid out over $3.5 billion to creators since its inception. The company’s mission is to empower creators by providing them with creative freedom, a community to build, and various monetization options, ultimately strengthening the bond between creators and their supporters.

Patreon Fees

Patreon offers two membership plans: Pro and Premium. With the Pro plan, creators pay 8% of their earnings, while the Premium plan charges 12%. Both plans also include additional fees for payment processing and payouts. Each plan has its own features, so creators can select the one that best fits their needs.

Patreon Taxation

Patreon will collect sales tax and VAT on the service fees charged to creators. The tax amount depends on where the creator is located. Tax will be added to the fees. In the US, Patreon handles the tax, but non-US creators need to check their own tax responsibilities. Creators should provide their location details and VAT ID to ensure the correct tax is applied. It’s also a good idea to consult a local tax advisor for more help.

How Does Patreon Work?

To ensure a successful Patreon launch, it is crucial to create a detailed timeline for rollout, pick a specific launch day that aligns with the content release schedule, and build anticipation through teasers and engaging with the audience. It requires crafting a clear message that highlights the benefits of becoming a member and promoting the Patreon across all platforms where your fans interact with your content. By planning strategically and executing users launch with creativity and enthusiasm, users can attract new members and make their Patreon launch a memorable event.

Patreon Reviews And Experiences

On Trustpilot, Patreon is rated 1.5/5 based on more than 500 reviews. Overall, the reviews for Patreon are overwhelmingly negative, with users reporting issues such as unauthorized charges, poor customer service, and possible scams.

Patreon Alternatives

It’s important to have a list of alternative crowdfunding platforms to diversify funding options and boost project success. Different platforms specialize in various areas and offer unique features that might be a better fit for specific projects, whether they are creative, social, or technological. This variety helps project creators find the best platform for their audience and funding goals. Relying on just one platform can be risky due to potential policy changes, fees, or operational issues. Exploring alternatives can also encourage competition among platforms, leading to better services and lower fees for users.

WhyDonate – WhyDonate is a leading global fundraising platform that allows individuals and organizations to raise funds for their causes with 0% platform fees. With support for 19 languages, multiple payment methods, and payouts to more than 117 countries, WhyDonate makes it easy for users to connect with donors worldwide and receive donations in 27 different currencies. The platform has received positive reviews for its user-friendly interface and effectiveness in facilitating successful fundraising campaigns on an international scale.

What Payment Methods Does Patreon Accept?

Patreon accepts many payment methods, including PayPal, major credit cards, and Venmo.