I'm not going to be changing my pledges for now - $12 in pledges which costs me £11-ish including VAT and which will be going up to around £12.50, I reckon, with the new charges, but the wording of the statement on this is annoying to me.
“With this update, creators will now take home exactly 95% of each pledge with no additional fees”
Why not 100%? If you're going to differentiate between the pledge and the fees, why not separate out all the fees and make the pledge the actual amount the Creator receives? It all seems like mind f**kery on the part of Patreon, like people won't figure out that their dollar pledge is actually costing them $1.38, freak out and cancel. And yeah, I get that only that 5% of the pledge is the amount that Patreon collects... or is it? If payment processing is less that the 2.9% + $0.35 charge, does Patreon keep the excess?
I can understand that creators are concerned about variable fees each month and this seems to be Patreon's way of addressing that, but their Blog article also mentions that they have to deal with thousands of support tickets every month.
"It’s a lot to understand — for scale, we receive literally thousands of support tickets (complaints) about payments confusion every single month."
Seems like weeding out the lower value pledges would greatly reduce their support costs. I doubt it's that cynical, but I don't know how viable Patreon is, so maybe they literally have no other choice if they want to stay afloat.