Newsletters

Substack vs Ghost, rent an audience or own a publication?

Substack and Ghost both power paid newsletters, but with opposite philosophies. Substack is a network you join for free; Ghost is software you pay for and fully own.

Prices checked Nov 2026Sources linkedNo paid placements

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At a glance

Ghost(Pro)Substack
PriceStarter $18, Publisher $29, Business $199 /mo (billed yearly)Free to publish
Paid subscriptionsPublisher and up, 0% Ghost fee10% of revenue
Payment processingStripe feesStripe 2.9% + $0.30 + 0.7% Billing
Members included1,000 (Starter, Publisher), 10,000 (Business)Unlimited
BrandingYour own theme and domainSubstack design; $50 custom domain
Open-source / self-hostYesNo

Official sources, checked Nov 2026. Ghost (Ghost(Pro)) · Substack. Prices in USD unless shown otherwise. Vendors change pricing, so confirm on their site before buying.

The cost crossover

Monthly cost, 1,000-member list
100 paid × $8/mo$800
Substack$138.80
Ghost Publisher ($29 + Stripe)$82.20

With paid revenue, Ghost Publisher often costs less than Substack once you pass a modest number of paying readers. Ghost’s price rises with your member count, so check its pricing page for larger lists.

Ownership and design

Ghost is a full publishing platform, custom themes, your domain, members and newsletters in one, and it’s open-source. Substack gives you a clean, consistent reading experience and a built-in audience network, but less control over look and data flows.

Ghost (Ghost(Pro))

Best for brand ownership

From $18/mo billed yearly; 0% transaction fees on paid plans

Pros
  • 0% Ghost fee on paid subscriptions
  • White-label branding on every plan
  • Open-source, you can self-host
Cons
  • No free hosted plan
  • Paid subscriptions need Publisher or higher
  • Member limits mean price rises as you grow
Pricing checked Nov 2026 · official pricingTry Ghost (Ghost(Pro))

Substack

Best for network effects

Free to publish; 10% of paid-subscription revenue

Pros
  • No monthly bill at any list size
  • Built-in discovery network and app
  • Simple model, no plans or tiers to choose
Cons
  • 10% of paid revenue grows with you, it never caps
  • Stripe fees are on top of the 10%
  • Custom domain is a $50 add-on
Pricing checked Nov 2026 · official pricingTry Substack
The verdict

Ghost if you think like a publisher; Substack if you think like a writer

Ghost suits independent media brands who want their own site, design and 0% revenue share. Substack suits writers who want to start free and lean on a discovery network.

Try Ghost (Ghost(Pro))

Frequently asked questions

Is Ghost cheaper than Substack?

For paid newsletters, often yes. Ghost Publisher is $29/mo billed yearly with 0% Ghost fees (for up to 1,000 members), while Substack takes 10% plus Stripe fees.

Does Ghost have a free plan?

Ghost(Pro) has no free hosted plan, but Ghost is open-source and can be self-hosted.

Can Ghost Starter take paid subscriptions?

No, paid subscriptions need Publisher or higher (checked Nov 2026).

Free, monthly

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