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Patreon, Inc., was co-founded in May 2013 by developer Sam Yam and musician Jack Conte, [7] [8] who was looking for a way to make a living from his YouTube videos. [9] It developed a platform that allowed 'patrons' to pay a set amount of money every time an artist created a work of art.
The service does not charge a fee on donations, aside from that required by the underlying payment processors. Instead, Liberpay is supported by donations handled by its own service. [4] [8] As of October 2020, Liberapay used payment processors PayPal and Stripe. [9] [10] Liberapay has been compared to Patreon. [11]
The service was launched exclusively to Windows 10 Mobile in conjunction with an update to Microsoft's Wallet app. The launch of the Microsoft Wallet service established Microsoft's own in-house mobile payment platform, enabling it to bypass its prior dependencies on third parties for contactless payments on Windows-based smartphones.
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The payment processor forwards the response to the payment gateway, who forwards it to the website. The entire process typically takes 2–3 seconds. [3] The merchant then fulfills the order and the above process can be repeated but this time to "clear" the authorization by consummating (e.g. fulfilling) the transaction.
The creator economy or also known as creator marketing and influencer economy, is a software-driven economy that is built around creators who produce and distribute content, products, or services directly to their audience, leveraging social media platforms and AI tools. [1]
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