If you are an European creator who is in a creative market that has a global audience, then the transaction fees are probably eating up your income around 10 to 20%. Let's learn how to reduce your fees to under 2%!
Key Takeaways:
Creators often find calculating fees and earnings to be their biggest headache. Many soon realize that platforms impose significant charges for currency conversion and processing fees, eating up over 8.5% from transactions from international fans in Patreon and another 7.5% when withdrawing from PayPal to a local European bank account.
7.5% is made out of
Let's compare the fees incurred by PayPal and when you withdraw from creator platforms such as Patreon, Ko-fi, and Gumroad.
Total fees charged: $0.00
Net profit: €0.00
Last updated on March 21, 2024.
The great thing about UniFans is our diverse payment system. In order to benefit more creators around the World, other than PayPal, UniFans offers Wise and USDT as payout options, which benefit all creators who do not reside in US. In comparison to PayPal, Wise provides the best currency exchange rate and lowest conversion fees. To save more on currency exchange rates, consider receiving payouts in USDT and using a crypto exchange to convert USD to Euro. This typically incurs less than a 0.6% fee plus around $5 for currency conversion.
Imagine every novel, comic book, music album have its own subscription plan! Yup, UniFans offers many ways for you to diversify your content and develop your content career. Not sure which content your fans like? Segment your content and focus on what works!
In contrast to other platforms where creators bear the burden of currency conversion fees when fans purchase currencies other than USD, we empower fans to choose the purchasing method that benefits them most. Our platform offers various payment methods for top ups including credit card, UnionPay, Alipay, PayPal, and cryptocurrencies such as USDT and USDC. This flexibility allows fans to optimize their savings, earning more coins to support more creators!
UniFans offers a referral program where referrers can
earn 1% of the invitee's income as a creator 365 days, while the
invitee benefits from a 0% platform fee for the first 90 days. Click here to learn more about our
referral program.
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