Nice to see the blog post about anniversary billing (and other upcoming changes).
If we could, I’d like to keep this thread to concrete information, questions, and specific points of friction. If you want to speculate that this will cost you patrons, or just to be heard that you don’t like it, visit the other thread. If you can’t find the other thread, start it.
When I first saw, “Anniversary billing” I thought, “They’re billing once a year?!” Is this really the right name for a feature that bills you every month? I suppose ‘Mensiversary Billing’ isn’t going to work, but “anniversaries” are definitely annual. Now that you have annual memberships, it seems there’s some potential for patron confusion here.
Pay up Front?
Is this feature coming with an implied charge up front mode for all patrons, with the charge up front/deferred charge distinction going away? In other words, will someone who signs up on the 17th pay immediately, or will they wait unti the 17th of the following month. Will this vary depending on per-creator settings?
Since this amounts to unbundling, does this mean that payment processing fees will be much higher for small-pledge creators? If so, where will the money come from - a surcharge to existing patrons, or deducted from creator payouts?