this post was submitted on 13 Sep 2023
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Just because I was curious which platform takes the smallest cut:
Patreon takes 8%, plus payment processing (I assume another 3-5%). Let's call it 11%.
Buy Me a Coffee seems to take 5%, and Stripe takes 2.9%. Basically 8%.
Liberapay apparently takes 0% themselves, but 3-5% goes to payment processing through Stripe or Paypal. The site is funded by people who directly support the Liberapay account itself lmao. So 3% puts them in the clear lead.
I know Patreon is basically a household name at this point, but if you're open to a bit of change I'd encourage folks to use Liberapay!
Just re: Liberapay's fees, 2.9% is their recorded average when using Stripe and 4.9% the average when using PayPal. YMMV based on e.g. donation size (where a small donation will have a higher % fee due to the processing fees being a combination of flat and %), currency / country, etc.
It's still almost always the lowest-fee option when available, but just wanted to be clear that you can't just jump in and expect to see ~3% regardless of circumstance.
That's a good point! I've edited my previous comment for accuracy!