Patreon vs onlyfan….!!!!!!!
Are you confused about which of these platforms is good for you? let’s discuss the Patreon vs onlyfan battle in a good way….!!!!!
Many creators are confused about which platform is the best for them, If you are thinking about joining the Patreon or only fans in the future for an income source, then you are at the right place, here we will discuss which of the platform is right for you first lets’ discuss it. Here are the best result for you,
Patreon vs onlyfan
| About ||Patreon has been founded on May 2, 2013; 9 years ago||Onlyfan has founded in November 2016;5 years ago|
|Subscription||It’s completely free to get started. Patreon only receives a small percentage once you start earning||OnlyFans has set a minimum subscription price of $4.99 per month and a maximum of $49.99 per month.|
|Users||3 million monthly active patrons||85 million users and more than a million creators|
|Fees||There are four different fees on Patreon. The Platform Fee is a percentage of successfully processed membership payments. Patreon charges creators a 2.5% currency conversion fee. Cost of moving funds from your patrons to your creator balance.The charge for moving funds from your creator balance to your bank, PayPal, or Payoneer account.||Only fans charge 20%of the Subscription Fees from the creator. So the fan doesn’t need to pay.|
|Safety||Yes, Patreon is completely safe. It can be difficult to trust such a new concept, As a subscriber, Patreon is perfectly safe to use.||OnlyFans consumers and creators aren’t completely safe from harm.|
|Review|| As per our knowledge, out of 5 stars, we want to give |
|As per our knowledge, out of 5 stars, we want to give |
|What post is most seen?||Podcast and youtube content||Nudity and pornographic must|
Patreon vs onlyfan
Patreon launched in 2013 to monetize its content. Patreon lets people financially support and reward content creators, such as podcasters, writers, and YouTubers through a monthly subscription.
Onlyfan also works with the same concept to monetize their content but content can be pornographic or normal, here the best strike of only fans hits. It is not only for podcasters, writers, and YouTubers.It will be used for the normal user who wants to post their photo can be the creators of the only fan, it also works with a subscription plan, and fans have to pay for their photos and video.
Fees for Onlyfan and Patreon
let’s talk about Patreon fees first
On Patreon, there are 4 different types of fees,
- Platform fee
The Platform Fee is a percentage of successfully processed membership payments. This means that we only make money if the creator is making money.
2. Payment processing fees
This is the cost of moving funds from your patrons to your creator balance. Payment processing fees cover the cost of processing payments from your patrons, including recurring billing, recovering declined payments, and fighting fraud.
3. Payout fees
The charge for moving funds from your creator balance to your bank, PayPal, or Payoneer account. This fee is not listed in the fee breakdown within your creator earnings dashboard. This is taken once you transfer funds out of your Patreon account and toward your bank account.
4. Conversion fees
Patrons have the option to pay for their membership in the currency they prefer. Patreon charges creators a 2.5% currency conversion fee on all patron payments made in a currency other than the creator’s payout currency. This fee is reversed on any payments that are refunded to patrons.
All fees will be calculated based on the creator’s payout currency.
Let’s talk about the Onlyfans fees
As a creator
VAT collected by OnlyFans is paid directly to the relevant tax authority, in full. These changes have been introduced to protect the 80/20 earning split between Creators and OnlyFans.
As a fan
The price of subscriptions can change from time to time depending on the Creator.
On the 1st of July 2020, OnlyFans changed its policy on the collection of VAT in the UK and EU. As a result, pricing in countries where VAT is levied has increased by the relevant VAT rate, which is added to the cost of the subscription.
The rate of VAT levied by governments also changes from time to time and maybe a factor in the event that we have to make changes to pricing in the future.
Any purchase by a Fan resident in a country that charges VAT will be subject to the local rate.
pros and cons
PROS of Patreon
- Recurring funding option
- Few limitations on supported projects
- No deadlines
- Strong community feel
- Monthly funding could be a hard sell
- Some formerly universal features are now locked behind higher-priced tiers