Why is there a 20% withdrawal fee?
Rationale Behind the 20% Withdrawal Fee:
-
Direct Support to Creators: The platform ensures that creators receive the full value of the support from their fans without any deductions until the funds are withdrawn. This maximizes the earnings that creators can use within the platform or choose to withdraw.
-
Encouragement of Internal Economy: By not deducting any fees for transactions within the platform, Cambunny.co.uk encourages a vibrant internal economy where users are more likely to support multiple creators, knowing that their contributions do not diminish due to transaction fees.
-
Operational Sustainability: The 20% fee taken at the point of withdrawal is crucial for the platform’s maintenance, development, and the provision of services. This fee contributes to hosting costs, payment processing, support services, and continuous platform improvement.
-
Transparency: This model provides clear and straightforward understanding for creators about how much they will earn from their withdrawals. Knowing the withdrawal fee percentage allows creators to plan and manage their earnings effectively.
Comparison with Other Platforms:
-
Competitive Cut: Offering an 80/20 revenue share, Cambunny.co.uk positions itself as a competitive platform in the market, ensuring creators receive a substantial majority of their earnings.
-
Potential Fee Adjustments: It’s noted that the withdrawal fee might change post-beta, potentially increasing to 30% due to transaction and gas fees. The platform commits to transparency by indicating potential changes ahead of time, allowing creators to make informed decisions.
The 20% withdrawal fee model adopted by Cambunny.co.uk is designed to support a thriving creator economy within the platform, ensuring that creators can maximize their earnings and support each other without immediate deductions. This approach underlines the platform’s commitment to its community of creators, balancing operational needs with creators’ interests to foster a supportive and sustainable environment.
« Back to the Knowledgebase