Many creators mentioning they lost hundreds of their patrons suddenly and patrons confused as to why their payments are being declined. Patreon is such an old company that hasnt done anything to improve their service for years while the CEO makes youtube videos and seemingly nothing with the company. I hate how much of a monopoly they have in the space, they clearly have no vision for improving their website or app.
Nope, same thing, different words used
The idea is it's more personable, instead of subbing to a Patreon or doing a one-time PayPal or what have you, you "buy them a coffee" or "buy them a pencil" or some other low-cost item that most people both understand helps people AND are cheap/something they might get themselves, so they're more likely to donate
Also I'm p sure Ko-Fi has a better revenue split with those who use it than Patreon does
This line made me curious so I looked. Best I can find is that Ko-fi charges either 0% or 5% on donations, dependent on the type of donation and the type of account the receiver has with them.
Patreon used to charge 5%, but now has: 5% for grandfathered pro accounts, 5% for lowest tier accounts, 8% for non-grandfathered accounts on a pro plan, and 12% for a higher premium tier.
So yup, Ko-fi has a better split.
There's also Liberapay, which doesn't take any cut for themselves. The only charges you get are for the payment processors