Patreon is raising its fees for new creators this summer
After August 4, creators setting up a paid membership page on Patreon will have to pay a 10 percent fee on their earnings under the platform's new standard plan. While Patreon currently offers Pro and Premium plans, which carry fees of 8 percent and 12 percent of creators' income, respectively, it's merging the two into a single option moving forward. The price increase only applies to creators publishing a new page; Patreon says it will continue to honor the lower Pro rate for anyone who has locked it in by August 4.
Once the change is in place, things will also get a bit cheaper for creators who were operating under the Premium (12 percent) plan. Rather than continuing to pay 12 percent, Premium creators will be shifted to a custom "Pro + merch" plan that will come with an 11 percent fee. If they remove the merch option, the fee will drop to 8 percent.
Patreon also says it's increasing the amount of free storage it'll provide for creators using Patreon Video. While it previously said it would provide storage for up to 100 hours of video across the account's lifetime and charge for anything beyond that, Patreon now says it will begin offering 100 hours of video per month for free later this summer. The move comes shortly after the platform teased new tools including a built-in livestreaming feature, Live Video. Patreon began tests of Live Video among select creators this spring, with plans for a summer rollout.This article originally appeared on Engadget at https://www.engadget.com/social-media/patreon-is-raising-its-fees-for-new-creators-this-summer-161546739.html?src=rss
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