In the market, we have a plethora of options filled with new technology, creativity, and talent. And it is necessary and needs of the hour to recognize these varied talents in different fields and ensure that they must be paid for what they truly deserve. Thus, for the same, many online platforms help these artists and creators to get paid for their real talent and raise funds for requirements.
Main Differences Between Buy Me a Coffee and Patreon
- Buy Me a Coffee is platform was founded in 2018, while the Patreon platform was founded on May 2, 2013.
- The founders of the brains behind the excellent platform of Buy Me a Coffee are Jijo Sunny, Joseph Sunny, and Aleesha John, while the founders of the Patreon company are Jack Conte and Sam Yam.
- The Buy Me a Coffee platform provides membership to users conveniently for a monthly and yearly subscription, while the Patreon platform provides only a monthly subscription to its users.
- On the online platform of Buy Me a Coffee, users can make donations while the same feature is not provided by the Patreon users.
- Buy Me a Coffee provides sells extras to the users while Patreon does not provide the feature.
- Buy Me a Coffee provides the feature of 1 tap payment, and no account is required for that, while in Patreon, the users must have an account for making the payment.
- Buy Me a Coffee accepts payment via different methods that are – credit cards, PayPal, Apple Pay, Google Pay, while Patreon accepts payments only via credit card and PayPal.
- The payout timing of the Buy Me a Coffee is instant, while in Patreon, the payment processing takes up to 30 days.
- The feature of tracking of analytics is provided to every user of Buy Me a Coffee, while the feature of tracking the analytics is only provided to the Pro users of the Patreon platform.
- The fees for the Buy Me a Coffee is 5% of all the features, while the fees for Patreon is that it charges about 5%-12% of all the features.
- Buy Me a Coffee allows its users for 24/7 live chat support while Patreon doesn’t provide this feature.
Conclusion
With plenty of options available in the market, the borrower must search, find, fact check before selecting or buying the new product. The online platforms provide many features and opportunities to build and run errands or businesses online. But being a provider of the service, always have a check on the resources and availability and security while being a customer, choose a service which is most reliable and best for self.
Buy Me a Coffee and Patreon both are online platforms allowing the users to create and sell their art and get paid for it as required. They have many other differences between them, making each of them unique to one another. The main difference being the same is that Buy Me a Coffee is a crowd fundraiser while Patreon helps in earning a monthly income for the artist.
References
- https://link.springer.com/article/10.1007/s10824-020-09381-5
- https://www.tandfonline.com/doi/abs/10.1080/02732173.2021.1875090
- https://www.tandfonline.com/doi/abs/10.1080/19320248.2011.576210