MacGruber_Laboratory
patreon
Currency change to EUR
🕑 Added 2020-09-28 19:17:36 +0000 UTCDear patreons! As you might know I'm based in Europe. Patreon recently added the possibility to change payout currency from USD ($) to EUR (€), which I just did now. This helps with declaring taxes and more importantly avoids paying double conversion fees (2 x 2.5%) when you convert from your local currency to USD and a second time when I convert to EUR.
If you have an existing pledge, it will automatically continue running at the same price in USD. However, if your local currency is not USD, I recommend updating your pledge to make sure your money is used efficiently and is not wasted on useless conversion fees.
Additionally, for those of you who are located in the UK, you can now pay directly in GBP (£). Same for the US, you can still pay in USD. Everyone else pays in EUR for now, unless Patreon decides to expand further and add more local currencies.
Note that the minimum pledge is now €1, $1 or £1. This is set by Patreon, I can't change that. However, a $1 pledge is super inefficient anyway, as it has 21% cost in fees, compared to 15% for a $3 pledge.
For those who like numbers I made an overview table when you can see how efficient your pledge is. Note that is before income tax, which of course comes on top.
Cheers, MacGruber
