If someone steals a credit card, and makes a PayPal donation, when the fraud is detected the payment is reversed and money the streamer thought they had (and may have already spent) disappears. However, with bits, Twitch absorbs the risk - when a streamer receives bits, they know they get to keep them, full stop. Any payment system - PayPal, Patreon, etc. One is the one people have mentioned a lot: immunity from chargebacks. There's two benefits to streamers from bits. So instead of supporting my favourite 2 streamers with 100 bits each (or 75 bits each and leaving some leftover to distribute individually when I feel like it) I might only be able to support one of them with $2 because that’s as low as a donation allows me to go there.Īnd another thing that incentivizes bits: using bits you can unlock 1) a fancy badge next to your name in chat 2) a place on the cheer-leaderboard 3) emotes that can be unlocked with bits and stay in your account forever Which means you have to donate a minimum of that at a time. So there’s minimum donation requirements to even make a donation worth it in the first place - usually anywhere between 1 and 3 dollars. With PayPal donations the streamer always has to “pay” 35 cents flat per donation + 2,5% of the total donation value. Meanwhile getting a donation of 2€ leaves me as a streamer with 1,60€ after PayPal fees (depending on the currency exchange it went through) - but no matter how many bits I give, even if it’s less than a dollar, the streamer receives the full value because the fees were already taken care of. (There was an offer for first time buyers back then to get a little extra) I don’t have a bunch of money to spare, so for me it made more sense to buy $30 worth in bits once three years ago - I’m still using that and throwing anywhere from 1 to 200 bits at a time. #sendacheck)Īlso to add to that: bits are better for small sums. It would lead to millions of dollars making it to where it was intended. Zero fees and taxes on my side (minus stamp+envelope) and only income tax for creator. This got me thinking and may sound crazy but the best way to get 100% of my money to a creator is a paper check via usps. In a worse case scenario between fees and taxes on the top of the transaction then applied again on the bottom only 20% could actually reach the intended recipient. (Edit: This post has really opened my eyes on how convoluted it is transfer monies in this day and age. Why does it just not make more sense to donate $15 to the streamer you want to support? So you pay $15.22 to give 1000 bits which is $10. He told me that 100 bits is $1 but it costs $1.40 to buy 100 bits plus sales tax. But then I see an invoice and the pricing seems kinda redonk. So my son wanted to do the right thing and start supporting some of his favorite streamers for providing him with entertaining content. Thanks to /u/iTruthful and Conceptional for the art! Clip Contest: November 4th - 18th AMA: Previously: Certified Ergonomic Specialist and an Occupational Therapist By posting to /r/Twitch, you accept these rules and accept that subreddit moderators reserve the right to remove posts at their discretion.No Memes, Set up, or Art post submissions.Ensure there isn't a megathread for your topic.Don’t post in a language other than English. Don’t post a link post (has exceptions).Don’t post without an informative title.Don’t create a post that’s unrelated to Twitch.Don’t post inquiring on a pending, late, or missing payment.Don’t post inquiring on a partnership application.Don’t post regarding twitch support responses.Don’t post regarding reporting an account.Don’t post regarding an account suspension outside of the permitted Ban Discussion Guidelines.Surveys must follow our Survey Guidelines.Don't post a link to a YouTube video, social media account, blog, or similar website outside the Advertisement Guidelines.Don’t post third party advertisements, without permission.Don't post non-productive complaints about Twitch.No racism, sexism, homophobia, or other hate-based speech.Don't call out others in a negative manner.Don't break Twitch’s ToS or Community Guidelines.
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