Patreon VS Buy Me a Coffee – Big Test – Updated for 2020
The possibilities of funding your work via the internet are limitless. The most famous ones belong to membership-based platforms, where the audience can donate their favorite creators, and on most of the platforms get premium content in return.
In today’s article, we are reviewing the most popular websites of this category. And it is the membership platform trend starting Patreon and one-time payment innovator Buymeacoffee.
These two platforms have a similar core. Nonetheless, there are plenty of reasons why you should choose one instead of the other and conversely. Let’s start with Patreon.
I bet you heard about Patreon from plenty of YouTube creators. This platform is so famous that many people think it is the only of its kind. Patreon came on the market in 2013 and was founded by artist Jack Conte, who wants to provide a funding place for creatives. In the past, there were similar projects. However, Patreon is the most successful of them; it is probably caused by having a very similar user interface and functionality to most famous social media like Facebook, Twitter, or Instagram.
So, new incomers know what to do right after they load the site. Patreon customers can post premium content for their audiences, set the rewarding system, or can be confronted by fans by direct messages. Patreon is based on a monthly recurring subscription model, so audiences do not have the option to donate if they pay once and cancel the subscription. Patreon is entirely free for creators and provides three packages divided by benefits and monthly fees. In “Lite,” you get Patreon core functions, a hosted creator page, Patron communication tools, and Patreon workshops, and you have to pay a 5% fee every month calculated from your donations.
Most lucrative is the second package with an 8% monthly fee, additionally providing membership tiers, analytics, special offers promo tool, creator-led workshops, unlimited app integrations, and priority customer support. The third package titled “Premium” offers everything in Pro and dedicated partner manager, merch for membership, and team accounts for this; you will pay a 12% monthly fee. Patreon is translated into three languages, including German, English, and French, and includes three currencies from the US dollar through Euro to Pound sterling.
The younger brother of Patreon. Buymeacoffee was founded in 2018 and became popular thanks to a simple donation system and one-time payments. In the core, Buymeacoffee provides the same as Patreon. The website is simple. Customers can upload their premium content and chat with membership owners.
However, the donation system is even more simple, new incomers can give you a donation for the price of one coffee (the price set by you) and then never come back, or they can pay for membership and send you a recurring amount each month. The rewards can be split in half for members and one time donors.
Buymeacoffee does not offer a premium version, and all services are available in freemium. The platforms charge a uniform 5% fee from your monthly earnings. Buymeacoffee is available only in English and supports all dollars, Euro and Great Britain Pound.
Side by side comparison:
|Fees (from monthly earnings)||5%, 8%, 12% (by version)||5%|
|Funding model||monthly/per creation||monthly/on demand|
|Payouts||Every month||Every month|
|Payout timeline||up to 30 days||Instant|
|Single time donation||NO||YES|
|Account required to donate||YES||NO|
|Accepted Payment methods||3||4|
Both services provide premium features for free and are great options for funding. Patreon is more focused on recurring donations, therefore, for loyal fans. Also, some functions are unmistakable and make Patreon so popular. On the other side, fees are set a bit higher, and Patreon lacks some features.
Buymeacoffe is more focused on fans that want to support their favorite creators once in a while and, in many ways, support additional features compared to Patreon.