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Facebook Adds Patreon-Style Paid Subscriptions

Facebook-videoFacebook is rolling out a feature that could challenge Patreon as a fan monetization tool. Some Facebook video creators are being given the option of charging fans $5 to view their content on the platform.

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In an effort to keep its video creators happy and adding new content, Facebook has been testing paid fan subscriptions. The fan patronage subscription model is a direct challenger to Patreon and Kickstarter’s Drip.

Subscriptions currently cost $4.99 a month.

Facebook apparently is not taking a fee, at least during the test period, according to recode.  But Apple and Google are processing transactions and the standard 30% that they charge for in-app purchases means creators will net about $3.50 per subscription. 

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