Facebook’s Patreon competitor is a bad deal for creators
But Facebook plans to begin taking a cut once the feature formally launches, and its terms of service allow Facebook to take up to 30 percent, with 30 days notice of the change.
That cut is standard for an app in Apples or Googles app store, but its giant for a creator-focused platform: Patreon takes just a 5 percent share of a users pledges.
Saincome predicts Facebook will use those expansive terms to lure in publishers, then raise its cut and take advantage of their content.
Publishers and large page owners already have a strained relationship with Facebook due to the way it limits the reach of their posts and has changed its algorithm to prefer friends and family.
Among the pages that received invitations last night are a meme page and a Dachshund Rescue page, which wrote a post about the invitation: Facebook is at it again.
A Facebook spokesperson told The Verge that the number of creators currently testing the service are in the low thousands, and offered more details about the 30 percent revenue share. The company says it has not yet determined the exact figure for when the feature launches, but future rev shares will be in line with standard industry practices.
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