True, which is why Liberapay and probably others bundle the transactions and execute them at less frequent intervals. That said the commitment that allows for budgeting and projections is important.

[–] yote_zip@pawb.social 2 points 1 year ago (1 children)

That is really cool, I didn't know that!

How do recurrent donations work? On Liberapay, donations are funded in advance. You have control over when and how much you pay. Sending more money at once usually results in a lower percentage of transaction fees. We will notify you whenever a donation needs to be renewed. If you've opted for automatic renewals, then we will attempt to debit your card or bank account as agreed.

Unfortunately, my instance uses Ko-Fi which I don't think has a system like that - they only offer one time and monthly.

[–] lightrush@lemmy.ca 3 points 1 year ago* (last edited 1 year ago)

It might still be better to have couple of people subscribing for $2/mo than getting one submit larger donations less often. Another option is to do funding drives with transparent numbers but that is more work. As a user I prefer to pay an inconsequential amount of money monthly that fades in the background of bills. That way I know "I did my part" and I can stop thinking about it. If I can afford more than an inconsequential amount, I'd just contribute more.

Also providing more payment options even if they're not as privacy-friendly could be a good thing. Especially if you outline that. E.g.

Privacy-friendly:

Traditional:

As a user, I might opt to go with a traditional option because it's much easier to do. Chances are I have PayPal or Google Pay, etc.

Subscription options should be as frictionless as possible. Lemmy developers did good with adding Patreon since many people who understand the small subscription model use it.