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Substack Takes 10% of Revenue But People Still Use It
Substack became quite popular despite charging a 10% cut on all publisher gross revenue. Many known journalists and prominent figures signed up and even advertised for Substack, using a subdomain (e.g., writer.substack.com) to drive their subscribers / followers to the platform.
This 10% is in addition to credit card fees:
"A credit card fee (2.9% + $0.30 per transaction fee) and a Billing fee for recurring subscriptions (0.5% for recurring payments)."
https://support.substack.com/hc/en-us/articles/360037607131-How-much-does-Substack-cost-
Although Substack does allow newsletter creators a way to quickly monetize their content, a 10% cut is way too much. I believe more people will migrate away from Substack as better market options (such as BeeHiiv) emerge with reasonable fixed monthly fees.
https://www.beehiiv.com/
*Should be x.substack.com
#Substack #SubstackCost #NewsletterPlatforms
Transcript:
https://inbetweengame.com/substack-takes-10-percent-revenue/
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By Kris RivenburghSubstack became quite popular despite charging a 10% cut on all publisher gross revenue. Many known journalists and prominent figures signed up and even advertised for Substack, using a subdomain (e.g., writer.substack.com) to drive their subscribers / followers to the platform.
This 10% is in addition to credit card fees:
"A credit card fee (2.9% + $0.30 per transaction fee) and a Billing fee for recurring subscriptions (0.5% for recurring payments)."
https://support.substack.com/hc/en-us/articles/360037607131-How-much-does-Substack-cost-
Although Substack does allow newsletter creators a way to quickly monetize their content, a 10% cut is way too much. I believe more people will migrate away from Substack as better market options (such as BeeHiiv) emerge with reasonable fixed monthly fees.
https://www.beehiiv.com/
*Should be x.substack.com
#Substack #SubstackCost #NewsletterPlatforms
Transcript:
https://inbetweengame.com/substack-takes-10-percent-revenue/