A THOUGHT ABOUT SALES TAX AND CURRENCY
Added 2020-06-14 07:03:48 +0000 UTCHi everyone!
In the 2nd part of the year, Patreon should allow us to receive the payout in Euro.
Why is that important? Because when I transfer the Dollars I receive on PayPal to my bank (that works in Euros), they take another 3%, because they don't use actual currency rates for who receives money.
That's on top of Patreon, PayPal and bank commissions, but there's nothing I can do about those.
(If you're curious, between Patreon, Paypal and bank, they take a total of 19% of your support, on top of the sales taxes).
I don't want to change the tiers often, to not create any confusion, but I was thinking about changing them when Patreon will also implement other currencies.
In particular, I'd like to reduce them a bit, in order to not let you feel the disadvantage of this new sales tax that has been implemented for some parts of the world.
I wouldn't lower the TG Lover tier further, but I was thinking about lowering the Patreon one.
10$ corresponds nowadays to 8,9€, so I could set it to 8€ (or 9$), when I'll be able to receive euros from Patreon.
What are your thoughts about this?
I wish you all a nice Sunday,
LenioTG!
