[executesorder66]

It's mentioned in the middle of the post:

> I moved to a combination of Quickbooks Online ($645/year; note that Intuit is a terrible company) and Squarespace’s ($480/year) recurring products feature.

But the squarespace's recurring products feature seems focused more toward physical products than digital creative artifacts which I mainly associate Patreon with.

[majewsky]

It's always hilarious how broken the American banking system is that you need to pay over $1000/year worth of tooling to receive recurring payments from patrons.

In the EU, you would just open a deposit-only checking account and paste its IBAN (International Bank Account Number) on your website, telling people to setup a recurring payment through their online banking and put their e-mail address or some other ID number in the message field so you can link it back to their account. All that for the price of a checking account, which wouldn't be much more than 10€/month. It's a bit of a barebones system; you wouldn't use it to handle 1000+ subscribers because the linking-back-to-their-account step would be manual. If you're on the scale of 10-100 subscribers with monthly or yearly payments, it works great. Several podcasts I listen to take donations like this.

[baud147258]

Are you sure the bank would accept something like this? Wouldn't they change the account to a business account, to deal with things like taxes?

[krageon]

A business account is 10 euros a month. They don't have anything to do with taxes.

You can have as many deposits as you want as an actual person. Banks do not "change your account" without your intervention and definitely not to a business account, which (legally) needs different information than a personal account would.