Patreon: What is it and how does it work? — Correo Total (2024)

In this post, we will explain in detail what Patreon is and how it works. It is possible that you have heard about this web platform, but you still don't know what it is about and how it works, and since it can be of great help to you, we decided to share all the information about it.

What is Patreon?

Patreon is an online platform that functions as a sponsorship systemthrough which people who want to can financially collaborate with their favorite creators.

This collaboration or donation is made on a monthly or project basis and allows people to do what they are most passionate about. Through this platform thousands writers, bloggers, youtubers, artists, etc. can request and receive support to start and maintain their projects.

This platform was created in San Francisco (USA) in 2013, as the idea of ​​musician Jack Conte, who wanted to find a way of life based on his music.

Conte created the platform in collaboration with Sam Yama and by 2021 it has already reached a value of more than 4 billion dollars.

For creators, it's a effective means through which they can generate additional income for their products. Sponsors have the option of paying a fixed monthly fee or a one-time payment per creation.

With this system, fans or followers will be the ones to contribute money through predetermined installments, so creators will know approximately how much they will receive per month.

For their part, sponsors can show their support for the creators they prefer. In this way, they will have access to the profile of the artist or creator, where they will be able to find content that they have published exclusively for their patrons. In this way, it also serves as an ideal platform to create a community for the benefit of each artist.

How does Patreon work?

After clearly answering the question What is it?, we can now talk about how Patreon works and how you can develop your business model with this platform.

Unlike crowdfunding platforms, which allow you to fund only a specific project, Patreon offers the ability to directly fund your audience's favorite artists or creators, covering all of their projects.

Content creators can define different payment rates with their own advantages or benefits. The artist has the ability to generate income by defining a fee of 1 dollar per month, as well as 5, 10 or 20 dollars, as much as he wants. Depending on the quota, you can offer exclusive or special content and gifts for your sponsors.

The idea is to start a community through social media and then encourage your audience to consume premium content through this platform, thereby establishing it as a source of income through monetization of high-value content.

How to register your creator profile on Patreon?

The first thing you need to do is open an account on the official Patreon website and enter all the information they ask for. During the registration process, you must indicate whether you want to receive income monthly or project-wise.

Once you've registered and set up your account, you need to write a profile introduction detailing your talent, what you do, and how your page will work on the platform.

You also need to create a set of payment options, known as membership levels. At these levels, you determine what rewards or benefits your patrons will receive as a thank you.

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How can you become a sponsor of your favorite creators?

The first step to take is to create an account on Web page. Then search for your favorite creator's profile using the platform's search function.

Once you find the profile of the artist or project you want to financially support, select membership level more suitable for you. At each level, you will be able to see the price and benefits that apply.

After selecting the level, the payment page will appear where you can indicate whether you want to cooperate via card or via PayPal. Enter the required information on the website, perform the action and you will become a patron of the creator.

What types of subscriptions does Patreon have?

There are several ways to charge patrons on Patreon:

1. Subscription collection:

With this payment method, the subscriber will make payments on the same day of registration as on the same day of the month.

2. Monthly advance payment:

The follower or subscriber will pay at the time of registration and then on the first day of each month.

3. Annual subscription:

In this modality, an advance payment corresponding to one year of subscription is made, but you must have a history of reliable payments within the platform and use one of the two payment methods listed above.

4. Monthly payment without advance payment:

In this modality, the subscriber pays after one month of consuming your content. It is charged every first day of the month for the entire consumption realized in the previous month.

5. By publishing:

In addition to subscribing to one of the mentioned modalities, you will be able to define which contents your subscribers can access with payment, and which will be charged additionally.

6. Personalized contribution:

Patrons or subscribers can choose to make a personalized contribution to the creator ranging from $1, Euro or Pound Sterling and more. However, these types of contributions will only give you access to the general content that you have included in your profile.

What payment methods does Patreon accept for subscribers?

Payment options supported by Patreon for subscribers are credit cards, Apple Pay and Paypal globally. Also use Sofort for those who have accounts in euros and belong to Austria, Belgium, Germany, the Netherlands and
Swiss.

What is the price Patreon charges creators?

Registration on Patreon is completely free, but you will have to pay 5, 8 or 12% of all donations, in addition to the standard fee for processing payments from your patrons.

Of course, each plan offers you greater options within the platform, including subscriber tiers and even team account management.

What payment methods will Patreon pay me?

It's true that it will depend on the currency and where you are as a creator. For example, US creators receive their payments via direct deposit or Paypal.

Creators outside the US who are paid in dollars, euros or pounds sterling will be able to receive their payments via Paypal or Payoneer.

How much does Patreon pay me?

Patreon pays its creators on the first day of each month for all donations they receive. For example, if you receive $100 in donations on January 1st, you will be paid on February 1st.

Patreon also has a feature called "Paid Posts" that allows creators to charge their patrons for every post they make. Paid posts are also paid on the first day of the month.

Conclusion

Patreon is a platform that allows people to support creators by pledging money in exchange for access to exclusive content.

Patreon is free to use, but creators must pay a commission of between 5 and 12% of all donations, plus a processing fee for each transaction.

Content creators can choose to bill their sponsors per creation, monthly, or through other custom contracts, with payouts on the first of the month.