Hey there! Let’s dive into the nitty-gritty on fees—transparency’s our jam!
Here’s the scoop:
🌟 Creators Keep It All!
You bag 100% of what you earn. Yep, every penny’s yours! Sometimes, currency conversions might jiggle things a bit, but no worries, we don’t touch your earnings.
💸 The System Magic:
When a user sends a gift, the cash goes straight to your Stripe account. Minus the Platform Service fees, which users handle, not you.
💰 Service Fee 101:
Users chip in a 8-20% service fee on top of the gift. Think of it like the big shots' fee elsewhere. The cool twist? Our 8-20% covers payment processing, admin, and gives us wiggle room for creator bonuses, like our upcoming 5% referral program—fancy, right?
Specifically we charge fees based on each feature, this keeps it fair for us and fair for you!
Spennypiggy.co
Bills - 10%
Memberships - 10%
Subscriptions - 10%
Piggy Bank - 20%
Single Purchases - 20%
Profile Shop - 20%
On our UK domain the fees are slightly varied as we offer both card and Open Banking:
UK.spennypiggy.co
Open Banking:
Bills - 8%
Piggy Bank - 10%
Crowdfunding -15%
Subscriptions - 20%
Memberships - 20%
Single Purchases - 20%
Profile Shop - 20%
Card Payments:
For all PayPal card transactions - 25% due to the chargeback risk. We will reduce this as time progresses and creators have become established.
Additionally we have a £1 administration fee on all transactions which covers the cost of Age verification and Fraud checks for both Creators and Gifters.
🚀 Compared to the Big Shots:
No extra cash from your fans' pockets! You get it all, they pay the norm. Plus, no VAT jazz on The Piggy Bank and Wishlist goodies.
💡 The Smart Move:
In the grand scheme, funding your lifestyle via Spenny Piggy? It’s the smart, money-savvy play! 🐷💰