Facebook

Facebook Wants Up to 30% of Fan Subscriptions

Josh Constine, writing at TechCrunch:

Facebook will drive a hard bargain with influencers and artists judging by the terms of service for the social network’s Patreon-like Fan Subscriptions feature that lets people pay a monthly fee for access to a creator’s exclusive content. The policy document attained by TechCrunch shows Facebook plans to take up to a 30 percent cut of subscription revenue minus fees, compared to 5 percent by Patreon, 30 percent by YouTube, which covers fees and 50 percent by Twitch.

It took me a weekend to build my own using Stripe. I firmly believe you should own the most important parts of your business and the membership system is how we can continue to exist as a publication. The idea of giving 30% to Facebook? Fuck all the way off.

Jason Tate
Jason Tate Jason Tate is the founder and editor-in-chief of chorus.fm. He can also be found at @jason_tate on Twitter and on Facebook.