you can read the update here
(It's below the initial post)
the new change is far from perfect, but what I’m getting is that they want to streamline how all the payments are made on Patreon.
Before there were 3 different ways for creators to choose how to get paid, but now they want to change to an anniversary-subscription based system because of certain payment methods causing high fee issues and patrons being double-charged.
the anniversary-sub system is pretty common for most services it seems, and I guess Patreon was over-ambitious initially in trying to offer 3 different methods and eventually deciding that it wasn’t working out.
It def sucks that a big panic happened due to patreon not explaining things thoroughly until now, and also that this new system isn’t friendly for low tier patrons
Feeling better about continuing to use patreon, probs will wait to see how they’ll further edit this new system, I hope it’ll be for the better tbh.