Substack is free until the moment you start earning, and from that moment it is the most expensive newsletter platform in this comparison. The cut is 10 percent of every paid subscription, forever, on top of Stripe’s 2.9 percent + $0.30 per transaction and a 0.7 percent recurring-billing fee. Nothing you do earns you out of it: at $5,000 a month in subscriptions you hand over $500 a month, every month, for a product whose price never changes.
We priced 10 alternatives against that arithmetic, ranked by our internal score /5, and matched each to the kind of Substack writer it wins for. This is not a “top 50” listicle. Every platform below is one we would recommend to someone specific, and we say who, including the two cases where the honest answer is to stay.
Three things changed the calculation for paid writers, and none of them is about the writing tools.
First, the 10 percent fee is uncapped and permanent. Substack’s own help centre states it plainly: 10 percent of each transaction, with Stripe adding 2.9 percent + $0.30 and a further 0.7 percent billing fee on recurring subscriptions. A flat-fee competitor becomes cheaper the moment your subscription revenue crosses its monthly price divided by 0.10: $430 against beehiiv’s Scale plan at $43/mo, $290 against Ghost Publisher at $29/mo. Those are not large numbers for a paid newsletter.
Second, the product is no longer only a newsletter. Substack added video monetisation in February 2025, raised $100 million at a $1.1 billion valuation in June 2025, moved to expand advertising alongside social-network features from July 2025, and launched Substack TV in January 2026. That is a media network being built around your list, and whether it helps you depends on whether its recommendations point at you or past you.
Third, the subscriber relationship is mediated. You can export your list, but the app, the recommendation engine, the comments and the payment relationship sit on Substack’s side of the line. Every platform below moves some or all of that back to you.
Two narrow cases where Substack still wins, and we will not pretend otherwise: you are starting from zero and want the discovery engine, or you publish free only and never intend to charge. Both are covered in the FAQ below.
Score, entry price, free plan, platform cut on paid subscriptions, MCP support, and deliverability side by side. Click any name to jump to the deep block below.
| Platform | Score | Starting $ | Free plan | Best for | MCP | Deliverability | Verdict |
|---|---|---|---|---|---|---|---|
| beehiiv | 4.5/5 | $43/mo | 2,500 subs, 0 percent cut | Paid newsletters earning over $430/mo | Yes | Medium | The direct swap, and it keeps your subscription revenue |
| Ghost | 4.4/5 | $18/mo | No (trial only) | Owning the platform outright | No | Not rated | Open source, 0 percent fee, free if you self-host |
| Kit (formerly ConvertKit) | 4.3/5 | $33/mo | 10,000 subs | Selling courses and products, not just subscriptions | No | Medium | 3.5 percent on commerce instead of 10 percent on everything |
| Buttondown | 4.1/5 | Usage-based | 100 subs | Plain text, no feed, no algorithm | No | Not rated | The anti-Substack: 0 percent cut, no social layer |
| MailerLite | 4.0/5 | $12/mo | 250 subs / 2,500 emails | A real ESP, with your own paywall bolted on | Yes | High | Cheapest credible ESP here; free plan cut in June 2026 |
| Memberful | 3.9/5 | $49/mo | No | A site you already have, needing only a paywall | No | Not rated | 4.9 percent beats 10 percent only above roughly $960/mo |
| EmailOctopus | 3.8/5 | $9/mo | 2,500 subs / 10,000 emails | Free newsletters at scale, tightest budget | No | Medium | Cheapest way to send to a big free list; no paywall |
| Patreon | 3.7/5 | 10 percent | Free to start | A paid tier that is really a community | No | Not rated | Same 10 percent: switch for format, never price |
| Flodesk | 3.5/5 | $25/mo | Yes, limited | A newsletter that is a visual brand asset | No | High | Best-looking emails here; no paid-subscription layer |
| Mailchimp | 3.4/5 | $13/mo | 250 contacts, no automation | A newsletter feeding a shop or marketing stack | No | High | Widest integrations; wrong tool if writing is the product |
Prices verified September 2026 against each vendor’s public pricing page. MCP = Model Context Protocol; “Yes” means a first-party server, community servers count as No. Deliverability grades come from our own testing, marked “Not rated” where we have no published review.
You run a paid newsletter, you are past the hobby stage, and the 10 percent has become a real line item. beehiiv takes 0 percent of paid subscription revenue and charges a flat plan fee instead, so the crossover is pure arithmetic: above $430 of monthly subscription revenue, the Scale plan at $43/mo is cheaper than Substack, and the gap widens every month you grow. It is also the closest like-for-like replacement here, built for newsletters rather than adapted to them, with a referral programme, an ad network and a recommendation network of its own.
| Feature | Substack | beehiiv |
|---|---|---|
| Cut of paid subscriptions | 10 percent | 0 percent |
| Free plan | Unlimited subs, free publishing | 2,500 subs |
| Entry paid plan | No plan fee | $43/mo (Scale) |
| Official MCP server | No | Yes (read-only, March 2026) |
| Built-in discovery network | Large, mature | Smaller |
| Native ad marketplace | No | Yes |
Substack’s discovery engine, which for a newsletter under a few thousand subscribers can be worth more than the 10 percent. You also pay $43/mo whether you earn anything that month or not, where Substack charges nothing on a quiet month. The MCP server is read-only in v1 and limited to paid plans.
From $0/mo
Launch · 2,500 subs
Free up to 2,500 subscribers on the Launch plan. Scale at $43/mo and Max at $96/mo both cover up to 100,000 subscribers, and every tier takes 0 percent of your subscription revenue.
You intend to be publishing in ten years and you do not want a platform between you and your readers. Ghost is open source under a non-profit foundation: pay for Ghost(Pro) hosting from $18/mo billed yearly for 1,000 members, or self-host the identical software for the cost of the server. Either way Ghost takes 0 percent of paid subscriptions, and the result is a real website with themes and SEO control rather than a profile on someone else’s network.
| Feature | Substack | Ghost |
|---|---|---|
| Cut of paid subscriptions | 10 percent | 0 percent |
| Self-hosting option | No | Yes (open source) |
| Theme and design control | Limited templates | Full theme layer |
| Entry price | $0 | $18/mo billed yearly |
| Built-in discovery | Yes, large | None |
| Setup effort | Minutes | Hours, more if self-hosted |
All of the discovery, and a weekend. Ghost gives you no audience on day one, and self-hosting means you own the upgrades, backups and deliverability configuration too. Starter at $18/mo is the cheapest way in but the most limited; Publisher at $29/mo is the realistic floor for a paid publication, and Business jumps to $199/mo at 10,000 members.
From $18/mo
Ghost(Pro) Starter · 1,000 members
Ghost(Pro) runs $18/mo (Starter), $29/mo (Publisher) and $199/mo (Business), all billed yearly, with 0 percent transaction fees on premium subscriptions. Self-hosting the open-source core is free.
No affiliate relationship on this pick.
Your paid subscription is one revenue line among several. Substack charges 10 percent of subscriptions and gives you no product-selling layer worth the name; Kit charges 3.5 percent + $0.30 on digital products and subscription sales through Kit Commerce, and is free up to 10,000 subscribers before you pay a plan fee at all. For a writer selling a $200 course, that is $7 to Kit against $20 to a 10 percent platform. Tag-based subscriber management also beats Substack’s single-list model once you run more than one offer.
| Feature | Substack | Kit |
|---|---|---|
| Fee on paid subscriptions | 10 percent | 3.5 percent + $0.30 |
| Free plan ceiling | Unlimited (free posts) | 10,000 subscribers |
| Sell digital products | No | Native commerce |
| Subscriber model | Single list | Tags and segments |
| Paid Recommendations cut | Not offered | 23.5 percent of earnings |
| Built-in reader app | Yes | No |
The reading experience. Substack’s app, comments and cross-publication recommendations are a genuine product Kit does not try to replicate, and Kit’s own Paid Recommendations programme retains 23.5 percent of what it generates, worse than Substack’s headline rate on that line. The free tier is generous on subscriber count but drops automations, so most working newsletters land on Creator at around $33/mo at 1,000 subscribers.
From $0/mo
Free · up to 10,000 subs
Free up to 10,000 subscribers with unlimited broadcasts, landing pages and forms. Creator is roughly $33/mo and Pro roughly $66/mo at 1,000 subscribers, and commerce sales carry 3.5 percent + $0.30.
You think the social layer is the problem, not the feature. Buttondown is a deliberately small, independently run newsletter tool that takes 0 percent of paid subscriptions and states it plainly: you keep everything after credit card fees. It is free to 100 subscribers, priced per subscriber after that, and sells capability as add-ons ranging from $9 to $79 a month so you pay only for what you actually switch on. Markdown-first, privacy-first, and no recommendation engine pushing other people’s work at your readers.
| Feature | Substack | Buttondown |
|---|---|---|
| Cut of paid subscriptions | 10 percent | 0 percent |
| Pricing model | Revenue share | Per subscriber + add-ons |
| Free tier | Unlimited free publishing | 100 subscribers |
| Social and discovery layer | Extensive | None, by design |
| Editor | WYSIWYG | Markdown or rich text |
| Company scale | $1.1bn valuation | Small independent team |
Reach and a safety net. There is no discovery engine, the free tier stops at 100 subscribers so you pay from the moment you have a real list, and the add-on model stacks several charges once you switch on tagging, paid subscriptions, automations and analytics. Buttondown’s pricing also assumes at most one email a day to your whole list, so high-frequency senders should price it carefully first.
From $0/mo
Free · 100 subscribers
Free to 100 subscribers with custom-domain sending and archives included. Paid pricing scales per subscriber beyond that, with optional add-ons from $9 to $79 a month, and 0 percent taken from paid subscriptions.
No affiliate relationship on this pick.

You care that the email arrives. Substack abstracts sending away entirely; MailerLite gives you authentication, segmentation, automation and send-time reporting, and it is the highest-scoring platform here on our own deliverability testing. It also ships an official MCP server, so campaigns and subscriber queries can be driven from Claude or ChatGPT directly. Entry pricing is $12/mo at 500 subscribers on the Comfort plan.
| Feature | Substack | MailerLite |
|---|---|---|
| Cut of paid subscriptions | 10 percent | 0 percent |
| Deliverability control | None exposed | Full (SPF, DKIM, reporting) |
| Official MCP server | No | Yes |
| Automation | Minimal | Full workflow builder |
| Free plan | Unlimited free publishing | 250 subs / 2,500 emails |
| Native paid-subscription layer | Core product | Digital products only |
The paywall, and the free ride. MailerLite sells digital products but is not a paid-newsletter platform in the way Substack is, so a subscription business needs a separate paywall or a Stripe integration you wire yourself. And the free plan is no longer the draw it was: on 16 June 2026 MailerLite cut it from 500 subscribers and 12,000 monthly emails down to 250 subscribers and 2,500 monthly emails. Anyone quoting the old numbers is quoting a plan that no longer exists.
From $12/mo
Comfort · 500 subscribers
Free to 250 subscribers and 2,500 emails a month since June 2026. Comfort is $12/mo at 500 subscribers and $20/mo at 1,000; Power adds unlimited sends and seats at $25/mo.
We may earn a commission when you sign up through this link.
The publication already exists somewhere you control, typically WordPress, and what you need is the paywall, the member accounts and the billing. Memberful does that one job: $49/mo flat plus 4.9 percent of transactions, on your own domain and your own design. The structure inverts Substack’s: you pay a real monthly floor, and your marginal rate on revenue is halved.
| Feature | Substack | Memberful |
|---|---|---|
| Transaction fee | 10 percent | 4.9 percent |
| Monthly floor | $0 | $49/mo |
| Runs on your own site | No | Yes |
| WordPress integration | None | Native |
| Publishing tools included | Complete | None, it is a paywall |
| Discovery | Yes | None |
Everything except the paywall, plus the arithmetic below a certain size. Memberful is not a publishing platform: you still need a site and a sender, so it is an addition to a stack rather than a replacement. And the flat $49/mo means it only beats Substack’s 10 percent above roughly $960 of monthly subscription revenue, where the 5.1 point rate gap finally covers the floor. Below that, Substack is cheaper.
From $49/mo
Standard · plus 4.9 percent
One Standard plan at $49/mo with a 4.9 percent transaction fee and access to the full feature set. Enterprise pricing is volume-based and quoted on request.
No affiliate relationship on this pick.

Your list is big and free, or monetised by sponsorship rather than subscriptions. EmailOctopus is free to 2,500 subscribers and 10,000 emails a month, ten times MailerLite’s current free ceiling, and Pro starts at $9/mo billed yearly. If you sell sponsor slots rather than subscriptions, Substack’s 10 percent buys you nothing and EmailOctopus is the cheapest competent way to deliver the thing.
| Feature | Substack | EmailOctopus |
|---|---|---|
| Free plan ceiling | Unlimited free publishing | 2,500 subs / 10,000 emails |
| Entry paid price | No plan fee | $9/mo billed yearly |
| Cut of paid subscriptions | 10 percent | Not applicable |
| Sponsorship-friendly | Yes | Yes, no revenue share |
| Native paid subscriptions | Core product | None |
| Discovery and app | Yes | None |
The entire business model, if your business model is paid subscriptions. EmailOctopus has no paywall, no member accounts and no billing: it is a sender, with no discovery, app or community layer. Choose it when the newsletter is free and sending cost is the problem, and choose something else the day you decide to charge.
From $0/mo
Free · 2,500 subs
Free up to 2,500 subscribers and 10,000 emails a month. The Pro plan starts at $9/mo billed yearly and removes the monthly send ceiling.
We may earn a commission when you sign up through this link.
What your paying readers buy is you, not the essay. Patreon is built for tiered membership across formats, video, audio, chat, early access and physical rewards, where Substack is built around a post. Be clear-eyed about why you are moving: Patreon’s platform fee is 10 percent of what you earn, the same headline rate as Substack, so this is a switch you make for the product shape and the audience behaviour, never for the economics.
| Feature | Substack | Patreon |
|---|---|---|
| Platform fee | 10 percent | 10 percent |
| Membership tiers | Limited | Core feature |
| Video, audio and chat | Growing | Native and mature |
| Community features | Comments and notes | Full community layer |
| Email as primary channel | Yes | Secondary |
| Own the subscriber list | Exportable | Weaker email export |
The newsletter as the centre of gravity, and any saving at all. Patreon charges the same 10 percent before payment processing, currency conversion and payout fees, so moving here to escape a revenue share is a mistake. Email is a supporting channel rather than the product, so readers who want an inbox relationship get a worse experience.
10 percent of earnings
Free to start
No monthly plan fee. Patreon states it takes 10 percent of the income you earn on the platform, with payment processing, currency conversion, payout fees and applicable taxes accounted for separately.
No affiliate relationship on this pick.

You are a designer, photographer or studio, and Substack’s deliberately plain template works against your brand rather than for it. Flodesk’s editor produces the best-looking emails here without touching HTML, and it scores 7.5/10 on our deliverability testing. Paid plans start at $25/mo for up to 1,000 subscribers, with unlimited sends on every tier.
| Feature | Substack | Flodesk |
|---|---|---|
| Design control | Minimal, by design | Best in this list |
| Send limits on paid plans | None | Unlimited on all tiers |
| Deliverability (our score) | 5.0/10 | 7.5/10 |
| Cut of paid subscriptions | 10 percent | Not applicable |
| Native paid newsletter | Core product | None |
| Discovery | Yes | None |
The subscription business, again. Flodesk has no paid-newsletter layer, so this suits free or sponsor-funded publications only. Pricing also no longer works the way its reputation suggests: tiers scale with subscriber count rather than sitting flat, from $25/mo (Lite) through $28/mo (Pro) to $54/mo (Everything) at 1,000 subscribers.
From $25/mo
Lite · up to 1,000 subs
A free tier is available. Paid plans at 1,000 subscribers run $25/mo for Lite, $28/mo for Pro and $54/mo for Everything, each cheaper billed annually, and all paid tiers include unlimited sends.
The newsletter sells something other than itself. Mailchimp carries the broadest native integration catalogue here, so the list can talk to a store, a booking system, a CRM and an ads account without custom work, and it scores 8.0/10 on our deliverability testing. If the reader’s next step is a purchase rather than a paid subscription, that plumbing is worth more than any revenue share you avoid.
| Feature | Substack | Mailchimp |
|---|---|---|
| Native integrations | Few | 800+ |
| Deliverability (our score) | 5.0/10 | 8.0/10 |
| Ecommerce and CRM tie-ins | None | Extensive |
| Cut of paid subscriptions | 10 percent | Not applicable |
| Native paid newsletter | Core product | None |
| Free plan | Unlimited free publishing | 250 contacts, no automation |
Everything that makes a newsletter a newsletter. Mailchimp has no paywall, no member accounts, no reader app and no discovery, and its free plan is capped at 250 contacts with automation flows excluded. It is a marketing platform that can send a newsletter, and if the writing is the product rather than the marketing, it is the wrong instrument.
From $13/mo
Essentials · 501 to 1,500 contacts
Free to 250 contacts without automation flows. Essentials is $13/mo in the 501 to 1,500 contact band, and pricing scales with contact count rather than sends.
We may earn a commission when you sign up through this link.
The export is easy. The two things that do not travel are the payment relationship and the discovery you were getting for free.
What transfers cleanly. Substack exports your posts, subscribers and statistics as files you keep. Every platform here accepts a subscriber CSV, and beehiiv, Ghost, Kit and Buttondown each ship a Substack-specific importer that brings the archive with it. Budget an hour for the import.
What breaks, and this is the part that costs money. Paying subscribers do not transfer. Their card authorisation belongs to the Substack and Stripe relationship, so every paying reader has to actively re-subscribe. Plan for churn, announce the move before rather than after, and keep the Substack publication readable for one full billing cycle so nobody loses access mid-month.
Before you cancel anything. Export posts, subscribers and stats while you still have the account, then point your custom domain at the new home and set up SPF, DKIM and DMARC there before the first send. A new sending domain with no authentication is the fastest way to turn a clean list into a spam-folder list.
And the honest caveat. If Substack’s recommendation network supplies a meaningful share of your new subscribers, leaving costs you that flow permanently, and the 10 percent may be the cheapest acquisition you will ever buy. Check where your last 200 subscribers came from first.
Substack’s own help centre states it takes 10 percent of each transaction. On top of that, Stripe charges 2.9 percent + $0.30 per transaction plus a 0.7 percent billing fee on recurring subscriptions. Publishing a free newsletter costs nothing at all, no matter how large the list, so the fee only ever applies once you turn on paid subscriptions.
Divide the alternative’s monthly plan fee by 0.10. Against beehiiv’s Scale plan at $43/mo, you break even at $430 of monthly subscription revenue. Against Ghost Publisher at $29/mo it is $290. Memberful is different because it charges both: at $49/mo plus 4.9 percent it only overtakes Substack above roughly $960 a month. Below those thresholds, Substack’s revenue share is genuinely the cheaper deal.
beehiiv, Ghost and Buttondown all take 0 percent of subscription revenue and charge a plan fee instead; you still pay Stripe’s processing fee in every case. Kit charges 3.5 percent + $0.30 on commerce and subscription sales rather than a flat share. Patreon charges 10 percent, the same headline rate as Substack, so it is not a saving.
No, not automatically. Posts, subscriber records and statistics export cleanly, but card authorisations stay with the Substack and Stripe relationship, so every paying reader has to re-subscribe on the new platform. This is the single largest cost of switching and it is measured in churn, not hours. Announce the move in advance and keep the old publication readable for at least one billing cycle.
beehiiv. It is newsletter-native rather than adapted, has its own recommendation and referral networks, a native ad marketplace, and paid subscriptions built in, so the daily experience is closest to what you already know. The difference that matters is the money: beehiiv charges a flat plan fee and takes 0 percent of subscriptions.
Ghost is open source under a non-profit foundation. You can pay for Ghost(Pro) hosting from $18/mo billed yearly, or run the same software on your own server for the price of the server. Either way Ghost takes 0 percent of paid subscriptions. Memberful solves a narrower version of the same problem by putting the paywall on a site you already control, for $49/mo plus 4.9 percent.
Two. MailerLite publishes an official MCP server, and beehiiv launched one on 24 March 2026, currently read-only in v1 and limited to paid plans, with write access planned. Ghost and Kit have capable community-built servers but no first-party release, and Substack itself ships none.
Two cases. If you publish free and never intend to charge, Substack costs you nothing and nothing here beats free. And if the recommendation network is currently delivering a meaningful share of your growth, the 10 percent is buying you subscribers that a self-hosted list will not produce on its own. Check where your last 200 subscribers came from before you move: if Substack’s own surfaces sent them, the fee is working for you.
This review follows our email infrastructure testing methodology. We disclose affiliate relationships in our editorial independence policy.