With the new system, you're now paying ~140% on a $1 pledge (~1.40), ~125% on a $2 pledge (~2.50). While there's pro's and con's, I for one don't like semi-hidden fees. If I'm pledging $1, I'm pledging $1, not $1.40. This is definitely going to hurt creators who prefer large numbers of small pledges ($1-$2), as opposed to middling amounts of $5-$10 pledges, as I don't think I'm along in thinking that this change is a load of BS. A donation is a donation, you don't charge people to donate. The secondary change, is that all pledges are being done separately now, Using myself as an example, I was pledgeing $5 to 4 creators, and 1$ to another 5 (and $10 to YT on the off chance he gets anything done), each of those will have the fee applied to them, translating to me paying $30 rather than the $25 I pledged. So no, not 50%, more like 20% (less if you support less creators...). That being said, I've dropped the $1 pledges, and now it's looking like roughly $23 for $20 in pledges (down to around 13%).Mate it's less than a dollar on a 10$ pledge, not 50% of your pledges -_- the only framework wherein this is significant is for 1$ pledges which are kind of shite anyway since a creator would get roughly half that amount. The result is that even if half the 1$ pledges drop the creators would still get the same amount of money, since they no longer need to pay huge amounts in transaction fees, and costs like these are better off split.
Also, for $1 pledges, creators were getting about 70%, not 50%. Guess who's pocketing the $0.10 difference as well as the extra on the transaction fees ($0.35 per transaction is ridiculous if you know anything about how they work. They are paying less than $0.01 per transaction (likely 0.003 or 0.004). Keep in mind that the 5% they take from creators is whats supposed to be their profits/operating costs in this new system...). I could almost see that if there was currency change involved, but I'm fairly sure that the donator picks that up already (and will now be picking it up for each transaction).
Personally, I'm kinda pissed about the whole thing and considering pulling the rest of my pledges. If anything, this is going to make people look at the fee's they charging, and start questioning what the hell is going on.
Side-note: While everything I've written is correct to my understanding, there is the possibility that I've misunderstood something.
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