LetterBucket vs Substack: Keep 100% of Your Subscription Revenue

LetterBucket vs Substack: Keep 100% of Your Subscription Revenue

LetterBucket vs Substack: Keep 100% of Your Subscription Revenue

LetterBucket vs Substack: Keep 100% of Your Subscription Revenue

Substack takes 10% of every paid subscription plus payment processing fees, LetterBucket charges a flat subscription fee, so your growth stays yours, on your own domain and brand.

Substack takes 10% of every paid subscription plus payment processing fees, LetterBucket charges a flat subscription fee, so your growth stays yours, on your own domain and brand.

Substack takes 10% of every paid subscription plus payment processing fees, LetterBucket charges a flat subscription fee, so your growth stays yours, on your own domain and brand.

Quick Overview

Quick Overview

Quick Overview

Features

Features

Free plan

Free plan

0% platform fee on paid subscriptions

0% platform fee on paid subscriptions

Custom domain included

Custom domain included

Full email branding (your own sender)

Full email branding (your own sender)

Paywall & premium tiers

Paywall & premium tiers

Subscriber CSV export

Subscriber CSV export

Public API

Public API

Analytics

Analytics

Team permissions

Team permissions

Built-in discovery network (Notes)

Built-in discovery network (Notes)

LetterBucket

LetterBucket

Yes

Yes

No

Yes

Yes

Yes

Yes

Yes

Yes

No

Substack

Substack

Yes

No

No

No

Yes

Yes

No

Yes

Yes

Yes

Key Differences

Key Differences

Key Differences

Keep Your Revenue

Keep Your Revenue

Substack takes a 10% platform fee on top of standard Stripe processing fees, for as long as you run paid subscriptions. At $1,000/month in paid revenue, that is $100 every single month — $1,200 a year — before processing fees are even counted.

Substack takes a 10% platform fee on top of standard Stripe processing fees, for as long as you run paid subscriptions. At $1,000/month in paid revenue, that is $100 every single month — $1,200 a year — before processing fees are even counted.

LetterBucket charges a flat subscription fee instead of a revenue cut, so as your paid subscriber base grows, the platform’s share of your revenue shrinks toward zero rather than staying fixed at 10%.

LetterBucket charges a flat subscription fee instead of a revenue cut, so as your paid subscriber base grows, the platform’s share of your revenue shrinks toward zero rather than staying fixed at 10%.

Own Your Brand and Domain

Own Your Brand and Domain

Substack charges a one-time $50 fee for a custom domain — and even then your publication stays on a subdomain, while every newsletter email is sent from [yourname]@substack.com with no way to change the sending address.

Substack charges a one-time $50 fee for a custom domain — and even then your publication stays on a subdomain, while every newsletter email is sent from [yourname]@substack.com with no way to change the sending address.

LetterBucket includes custom domain support, so your website and your emails carry your brand — not a third party’s — from day one.

LetterBucket includes custom domain support, so your website and your emails carry your brand — not a third party’s — from day one.

Built-in Paywall Without Giving Up Control

Built-in Paywall Without Giving Up Control

Substack’s paywall model works well, but it ties your monetization to their fee structure indefinitely — every paid subscriber carries a permanent revenue share.

Substack’s paywall model works well, but it ties your monetization to their fee structure indefinitely — every paid subscriber carries a permanent revenue share.

LetterBucket gives you gated posts, premium tiers, and a paywall marker in your content, backed by Stripe-native billing you control — without a permanent revenue share attached to every paid subscriber.

LetterBucket gives you gated posts, premium tiers, and a paywall marker in your content, backed by Stripe-native billing you control — without a permanent revenue share attached to every paid subscriber.

Network and Discovery

Network and Discovery

Substack has a real advantage here: its Notes feed and cross-publication recommendations can surface your work to readers who have never heard of you, entirely inside the platform.

Substack has a real advantage here: its Notes feed and cross-publication recommendations can surface your work to readers who have never heard of you, entirely inside the platform.

LetterBucket does not currently offer an equivalent built-in discovery network — it is built for creators who bring and grow their own audience. If your growth strategy leans heavily on in-network discovery, Substack’s network effects are a genuine reason to stay.

Use Case Breakdown

Use Case Breakdown

Use Case Breakdown

Each platform has its strengths. This breakdown helps you understand which one fits best depending on your goals — whether you're just starting out, looking to grow, or need full control over your brand.

If you...

If you...

Grow mainly through in-network discovery (Notes, recommendations)

Want full control over branding, domain, and email sender

Need a public API and full data portability

Are building a serious paid-subscription business

Prefer an all-in-one network over running your own domain

Best fit

Best fit

Substack

LetterBucket

LetterBucket

LetterBucket

Substack

FAQ

Frequently Asked Questions

Frequently Asked Questions

Everything you need to know before switching from Substack to LetterBucket.

Is LetterBucket a good Substack alternative?

Yes, if you want to keep more of your paid subscription revenue and control your own domain and email branding. LetterBucket offers gated content, paywalls, a public API, and Stripe-native billing without Substack’s 10% revenue share. It is a better fit for creators who bring their own audience rather than relying on Substack’s Notes network.

Can I migrate my Substack subscribers?

You can export your subscriber list from Substack as a CSV (from Settings, under Subscribers) and import it into LetterBucket using CSV import. Note that Substack’s export does not include subscriber names, so imported records will carry email addresses and subscription data but not names unless you add them separately.

Does LetterBucket charge a percentage of my paid subscription revenue?

No. LetterBucket charges a flat subscription fee rather than taking a cut of your paid subscription revenue. Substack, by comparison, takes 10% of paid subscription revenue on top of standard payment processing fees, for as long as paid subscriptions are enabled.

Does LetterBucket support a custom domain?

Yes, custom domain support is included. Substack charges a one-time $50 fee per publication for a custom domain, and even then the publication must remain hosted on a subdomain, with the root domain only able to redirect.

Will my newsletter emails show my own brand, not LetterBucket’s?

Yes, you control your sender branding and domain. On Substack, newsletter emails are always sent from an address in the format [yourname]@substack.com, and the sending address cannot be changed even after adding a custom domain.

The Right Platform Depends on your Goals

The Right Platform Depends on your Goals

The Right Platform Depends on your Goals

If your growth leans on Substack’s built-in discovery — the Notes feed and cross-publication recommendations — its network effects are a genuine reason to stay.

If you’re building a paid newsletter on your own domain and want to keep 100% of your subscription revenue, LetterBucket is built for you.

If your growth leans on Substack’s built-in discovery — the Notes feed and cross-publication recommendations — its network effects are a genuine reason to stay.

If you’re building a paid newsletter on your own domain and want to keep 100% of your subscription revenue, LetterBucket is built for you.

If your growth leans on Substack’s built-in discovery — the Notes feed and cross-publication recommendations — its network effects are a genuine reason to stay.

If you’re building a paid newsletter on your own domain and want to keep 100% of your subscription revenue, LetterBucket is built for you.

✌️no credit card required

✌️no credit card required

V/S

LetterBucket vs Others

LetterBucket vs Others

LetterBucket vs Others

Compare LetterBucket with Substack, Beehiiv, and Ghost to see which platform best fits your newsletter goals.

Ready to keep 100% of your subscription growth?

Start your newsletter on LetterBucket free — no revenue share, ever.

Start your newsletter on LetterBucket free — no revenue share, ever.