Patreon Accounting Post

[rolanni]

Here is the promised accountability post for the first completed Patreon month in support of Sharon Lee and Steve Miller.

By April 30 end-of-day, 203 kind people had pledged a total of $1,493

Six people pledged in May, and were not billed for April by Patreon, nor should they have been.  The system works!

Two pledges were denied -- which is to say that the credit card company denied the charge, or the patron declined the opportunity to continue.

One pledge for $0.50 produced a $0 payout to the artists -- the entirety of that pledge went to fees

Of the $1,493 pledged, Patreon collected a total of $1,467.50, deducted $80.86 in credit card fees, and deducted its own fee of $73.39

The artists will receive (on May 5, it says here):  $1,313.25

Once the artists receive their payout, they will deduct 33% or $434 and place it into the account from which they pay their taxes

$879.25 will then be available to buy cat food, people food, coffee!, to keep the lights on while we finish Alliance of Equals (due May 31!) and get ready for the Grand Northeast Book Tour, starting on June 2.

Thank you all so very much for your support, your good humor, and your continued presence in our lives.

Sharon and Steve
Scrabble, Trooper, and Sprite

Comments

[bandicoot.livejournal.com]

It's interesting to see how it all sorts out. I've never seen a picture of how the fees work.

One of Patreon's founders, Jack Conte, is half of Pomplamoose and used Patreon to finance a tour for the band - I think the main reason he started Patreon. In the interests of transparency, he published an account of how they'd spent the money and got lots of online flack over it from people who didn't have a clue what it took to put together and conduct a tour.

I'm not going to be concerned how my pittance will be spent. I'm sure it will all be spent wisely. If Sprite suddenly sports a new tiara, I'll only assume it's her just due :)

[rolanni.livejournal.com]

Oh, I think I'd heard about that -- distantly, and some time ago. People are endlessly willing to complain about stuff they know nothing about.

I have the same attitude that you do, when I make donations/pledges/whatnot -- the people receiving the money know what they need to keep going. I trust them to address those issues.