I received this today.
—–
Beginning this Wednesday (January 23rd, 2008), BlogPatron will no longer be
accepting new contributions.To help protect our bloggers’ revenue streams, we will continue to process any
recurring contributions that are already in our database for as long as is feasible
— e.g., until the transaction is turned off by the patron or the credit card
expires.NOTE TO BLOGGERS: Please update your site as soon as possible, removing any
BlogPatron donation buttons or other links to your BlogPatron payment page, and
replacing them with links to another payment processor. To avoid inconveniencing
your patrons, please make this change before Wednesday, January 23rd, 2008. If you
like, you can find information about accepting recurring contributions via PayPal
at: https://www.paypal.com/pdn-recurringWe have enjoyed working with you since we launched the BlogPatron service in June.
In the months since, we’ve been pleased by the numbers of both bloggers and patrons
who have found our service useful.Why are we closing BlogPatron? In a nutshell, our financial model was partly based
on the assumption that most patrons would want to support multiple bloggers,
enabling us to make a small profit (based on the difference between the number of
patrons we bill each month, and the number of bloggers who were supported by those
contributions, and the transaction fees associated with each).Unfortunately, this assumption has proven to be largely incorrect, making it
impractical to continue offering our service. We apologize for any inconvenience
this creates, and we look forward to working with you to make the transition go as
smoothly as possible.Please feel free to write us with any questions or concerns you may have.
Sincerely,
Joshua Zader
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
JOSHUA ZADER, CEO
1-877-854-3766
BlogPatron - How to Thank a Blogger
https://www.BlogPatron.com