Like many platforms, our payment processing operates through Stripe Payment Processing. Their fees are standardized for every platform at 2.9% + 30 cents per transaction. At this point, it’s not technically viable for us to process cards in-house, so this cost is unavoidable and does not contribute to the co-op.
However, through your Creator Stripe account, you are able to easily access your funds and get a direct deposit to your bank without any extra fees. Through that account, Stripe also handles the forms for you to file your own taxes (if applicable) on your earnings.
Where does it all go?
There are several immediate costs to pay for: Servers, CDN services, domains, legal fees, accounting fees, etc. We estimate that we can cover these fees and become ‘self sustaining’ with a relatively low number of active Creators. Comradery does not pay any salaries. Administrative work for the site or organization is done through volunteer committees or is funded directly from contributions - like all other projects on the platform.
What happens to the surplus dues will be decided democratically
In the future, important anti-racism, inclusion, and moderation work will be paid for via stipends funded by our dues. Other potential uses for surplus might be developing community projects, projects to create material benefits for struggling Creators, or even just a direct dividend payment equally back to all Creators. You will have the opportunity to propose projects and vote on your ideas.
Learn more about how the co-op works our democratic process
Our payment processor Stripe currently supports currency conversion from 26 countries. This allows relatively seamless transactions for all creators and supporters in these territories. Some fees may be added by Stripe for international transactions.
Learn more about international payments in Stripe’s Documentation.