I wouldn’t categorize those estimates as accurate or reflective of our revenue numbers. Those also do not factor in app performance (I believe).
As I'm not a math genius and pretty much getting confused with the numbers, here's some quote for you by other users that self calculated it :
This is back when support are called tipping and inks were called coins.
Further reading here. it is a massive thread so :
https://forums.tapas.io/t/tipping-is-here-youre-gunna-want-to-get-in-on-this/15547
I remember that michaelson (?) once replied that at some point, they need to pay the fee for sending the payout from their own pocket because of the difference in exchange value on PayPal, but I can’t find it now.maybe my memory just made it up, idk.
My reply won’t help at anything I think, lol.
Michaelson literally replied here. Just above you.
Paypal's rate is 2.9% + 30 cents. The lowest on my spreadsheet was 4%. Everything I have done is based on USD so there is no exchange rate involved, beyond USD to Ink.
Tapas is already taking a 15% cut at the end on top of app or website processing fees. Which would more than cover Paypal's fees. Which are also taken by Paypal when the money goes into your account there. This is about the dramatic shifts in value from purchase to value in an artist's support account. Please see my spreadsheet posted above.
I give up. Not even the CEO has a simple answer to your simple question.
I’m just gonna do the ”Lalala” and pretending I’m not getting scammed by Tapas.
Because in the end I get paid more here than I ever would have if I tried to get my supporter over at Patreon or Ko-Fi
Michaelson is not the CEO. It says right there next to his name. Senior Editor in Chief. The CEO is Chang Kim.
He has not yet provided a full answer and said he would follow up once he has the information.
I'm... not going to pretend I understand because I didn't lmfao.
My English comprehension is on the far left so yeah, I don't get it.
What I want to point out from that sentence is that they literally need to pay from their own side to sent the money to the creators, and that is. It might not even be true as I'm not that trusting if my memory.
And I did say that my reply might not help at any rate, so I'll just gonna head out and wait for Michael's reply later.
@jensrichard77
NO APP TO InK!!!
What will we add?
No ink to the App
(I have started it, I maybe make a flag and scratching around... Meow)
I may be wrong, but I started to get ink lately and from simple math, each ink I got was worth about $0.00083 (divided the amount of money in the amount of ink).
to get the $25 threshold you need about 30,100 ink.
I don't know if need to reach $25 after Tapas cut or not.
If you want to start a rallying cry about website vs mobile, please move it to another thread.
Thank you for the additional numbers. That is very nearly the numbers I got from what others have said. I had wanted to know how much Ink it would take to even reach $25 which led me down this weird road. My estimate had been 31,250 based on 1 ink being $0.0008.
Apologies for the delay.
So, if a reader buys Ink from the iOS or Android store, and supports a creator for 100 Ink, Google or Apple (respectively) would take 30% of that 100 Ink. Then Tapas would take 15% of the remaining 70 Ink, which would be 10.5 Ink in this case (rounded down to 10 Ink), so the Creator would receive 60 Ink from that transaction. Hope that clarifies things.
Not yet. wink wink
This I already knew, the 30% to the app provider comes out before Tapas takes a cut. But does it come out before the user who purchased it even gets their ink? IE They pay for 100 Ink but they're given 70?
Does it come out when they give it to an artist? IE They donate 100 and the artist gets 70.
Or does it come out when the artist cashes out?
According to the balance details page, it comes out at the same phase as cashing out.
My primary concern her is with transparency of where money is going and the fees taken out. I understand that you can't assign a set value to the Ink because there's a lot of currencies at play. But if there is a still at least an approximate value of any kind on a per-ink basis, no matter what that amount is, something isn't adding up here.
No, they're given the full 100 Ink, the fee is factored in when the transaction hits so that they don't incur the fee on their end. The function is how I outlined it in my previous answer - the reader, in this case, buys Ink from the app store, chooses to Support for X amount of Ink, during that transfer from reader to creator, the fee is incurred.
Okay, so Reader gives 100 ink to the Creator, Creator receives 70 Ink.
By this, Creator never sees that 30% at all. So why then does the balance details page imply it is taken out after the Creator receives it but before they cash out? Here it is listed as Amount > Fees + Tapas Share > Creator share.
I think that's based on your interpretation of the language. If you feel that there is a better way to phrase it we are open to suggestions.
Money really isn't a matter of interpretation, and I am asking you what the specific flow is. This is what I meant about transparency. So if I have it wrong, please tell me what is correct.
The Balance Details page, as pictured above, has 3 columns that deal with dollar amounts. Amount, Estimated fees, Creator's share. In the second column, clicking the question mark expressly states that those fees are both the transaction fee based on where the ink was purchased and Tapas' share.
So with that set up it goes as follows:
Amount - Fees = Share
Meaning the entire flow is simply:
Purchase >> Give = Amount - Fees = Share
But by what you have said that is incorrect and it goes:
Purchase >> Give - Transaction Fee = Amount - Tapas Fee = Share
No, I'm pretty sure what's being said is that, even though the initial 30% is taken out immediately when the transaction is done in the app (ie, the user giving ink to an artist). the amount that shows up under "Amount" shows the full amount given from the supporter to the artist. Then, what's taken by both the app store and Tapas is shown under the "Fees" column in one go. the 100 ink being bought is worth a full hundred when it is purchased, but when it is spent, it becomes worth less than 100 ink because that is when the fees kick in.
It can't be taken out immediately then also show at the end. That isn't how math works.
Either it is taken out immediately, impacting the value of the ink itself and therefor the creator never sees that fee, OR it is taken out at some point when it is in the creator's possession.
It cannot be part of person A's transaction but show up as being deducted from Person B's transaction.
If I get prints made, any fees I'm charged for additional processing or taxes isn't going to appear itemized when I sell them. Just like when the prints are made they don't itemize fees they were charged on the paper and ink. That isn't how financial transactions work.
This was my belief and also what I have tried to say.
And If this is the way Ink works, then yes, it is not transparent.
This is the main question that shows up every year and the main reason that we keep getting on each other wrong feet.
Please confirm this @michaelson before this debate will rant on again.