Ko-Fi vs BuyMeACoffee – Why I Chose One Over The Other
Image credit: Tyler Nix on Unsplash
When I first launched this blog, I wanted to use a donation service as a way to earn tips for my writing. In my research, I'd come across two well-established players in the donation space: BuyMeACoffee.com and Ko-Fi.com. Both have similar as well as different features between them.
In this post I'll highlight the similarities as well as differences, along with the reasons I chose Ko-Fi.com over BuyMeACoffee.com.
First up, let's talk about BuyMeACoffee.com. This platform is all about supporting creators, whether they're writers, artists, or musicians. They offer a variety of ways for creators to monetize their content, including a “buy me a coffee” button that can be added to websites and social media profiles, as well as a full-fledged storefront for selling digital products.
One of the biggest draws of BuyMeACoffee.com is its low fees. The platform only charges a 5% transaction fee, which means that creators keep 95% of the money they earn. Plus, they offer a variety of premium options, such as the ability to accept recurring payments, customize the look of your storefront, and even sell physical products.
One thing I didn't like too much was that in order to withdraw your money at any time, you'll need a Stripe account. Otherwise, you'll need to reach a minimum amount before you can withdraw.
It's not that I'd need the money instantly, but I don't really care to set up a Stripe account. I have PayPal and I'm pretty happy with it, for the most part, and don't really want to set up another similar service.
So, one of the reasons I prefer to use Ko-Fi.com is that they enable their users to connect their PayPal account to receive their payments.
So now, let's talk about Ko-fi.com. This platform is similar to BuyMeACoffee.com in that it's all about supporting creators, but it has a slightly different approach. Instead of a storefront, Ko-fi.com offers a simple “buy me a coffee” button that can be added to websites and social media profiles. The button is a simple call-to-action that allows fans to support creators with a one-time payment.
One of the biggest draws of Ko-fi.com is also its low fees, it only charges a 3% transaction fee, meaning creators keep 97% of the money they earn. They also offer a few premium options such as the ability to accept recurring payments, and the ability to offer digital downloads.
Both BuyMeACoffee.com and Ko-fi.com are great options for creators looking to monetize their content. While BuyMeACoffee.com offers a full-fledged storefront and more customization options, Ko-fi.com has a simpler approach and even lower fees.
So, whether you're a creator looking to monetize your content or a fan looking to support your favorite creators, both platforms are worth checking out.
And while I chose Ko-Fi.com for my donation and soon-to-be subscription service, you really can't go wrong with either one. I hope this helped you in some way.
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