Indian talents and creators have one of the largest global reach on many US based platforms. If you are one of the creators on platforms like Patreon then you are probably paying a lot of currency conversion fees and annual fees with Payoneer. Let's see how UniFans can help you!
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 Patreon eats up over 8.5% from transactions from international fans and another over 7% ( cross-border fee of up to 3.5%, 0.5% conversion fee, and 3% withdrawal fee ) when you withdraw from Payoneer to a local Indian bank account. Worst of all is that there are no alterative subscription-based platforms, such as the popular Ko-fi and Gumroad, you can choose from that offer payment methods convenient to Indian content creators. I introduce you Unifans, a creator-first platform, that focuses on helping you receiving payouts easier with less fees and smoothing the communication between creator and fans with AI features.
Let's compare the fees incurred by PayPal and Patreon against our payment options.
Total fees charged: $0.00
Net profit: ₹0.00
*Note that I did not add Payoneer's annual fee to Patreon's calculations.
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, 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 Repee. This typically incurs less than a 0.6% fee plus around $5 for currency conversion.
Payment Processors | Conversion Rate |
---|---|
Stablecoin ( USDT ) | 1 USDT to 83.20 Rupee |
Wise | 1 USD to 83.2184 Rupee |
Payoneer | 1 USD to 83.211 Rupee |
I know a lot of you have a global freelance business and reply on US platforms to do business can lose over receiving payments in a bank account can trigger tax liabilities, even for services rendered overseas. I strongly urge you to use Wise or use a platform like UniFans that offers Wise as a payout option. A borderless wallet on platforms like Wise, formerly known as TransferWise, offer a seamless solution for international money transfers, making it an ideal choice for freelancers and businesses.
Imagine every novel, comic book, music album have its own subscription plan! Yup, UniFans often 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
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