This raises the patron cost of a $1 pledge to $1.38
Is it actually better for creators to only get $0.62 on a $1 pledge if it means more patrons?
"A new service fee of 2.9% + $0.35 will be paid by patrons for each individual pledge" indicates the latter ($13.79)
Because price wouldn't change on patron side any changes to subs would be for normal reasons.
God I hate formatting charts in Excel.
A is the homepage, B is the email.
• people who stop entirely
• people who don't change anything
• people who condense their existing total into fewer creators
Basically it'll slide further towards concentrating support into already popular channels.
The change is a cash grab to appease VC investors with channels (the largest of whom stand to pocket an extra couple thousand per month) being expected to do the hard work of selling it to customers.
"My eternal thanks"
"A thank you in the credits"
2) it means *exploding* transaction fees
3) the gains of de-aggregating subs is lost on me given that "aggregate and reduce fees" was an upside if the model in the first place
5) worse than greed this seems to be driven by madness. The explanations make sense, but they don't *make sense*
(back after the movie)
"A squirrel mocked us as we walked through the forest. We have lit the trees on fire to deal with it."
It's an out-of-proportion response to the problem it's addressing.
I'm sorry, but tracking anywhere from 3 to 15 billing cycles isn't a simplification.
1) Billing confusion
2) Pledge dodging
It sucks. But it's basically shoplifting, and if you've ever worked in retail before you'll be familiar with the term "shrinkage"
Welcome to running a business.
Charge up front addresses the first, it's a good addition. It's on the creator to deal with the second.
But this point is basically re-litigating Napster.
That's the best thing that comes to mind. Woof.
Or, rather, it can be, but that solution is you, sitting there, in that seat, talking them through it, getting paid to deal with it.
"I don't get why my $1 pledges cost $1.40?!"
"Why do I have so many charges on my card? Can't you just do them all at once so I don't have to pay all these fees?"
"A $1 charge seems like a waste."
Or if your phone carrier charged call ID, voicemail, and extra data all on different days of the month based on when you added them.
They have decided to discourage the selling point of their site, shovel millions into the pockets of credit services, and make their payment system geometrically more complex
so people who start on the 28th don't get charged again on the 1st.
Unified monthly bill that's set when you first start paying; additional products after the first pro-rate and lock to your cycle. Eliminates double billing, blunts the impact of shrinkage, minimizes fees.
All this to solve a problem with double-billing.