Ghost vs Substack (2026): Fees, Features and Which to Choose

Ghost and Substack both let you publish posts, send them as a newsletter and charge for subscriptions. They're built on opposite ideas, though. Substack is a free network: you join it, it takes a cut, and it helps readers find you. Ghost is software you own: you pay a flat fee or host it yourself, keep all your revenue, and build your own corner of the web. Weighing beehiiv, Kit or Buttondown too? See our newsletter platform comparison.

This comparison covers what each one costs in 2026, what you get, what you give up, and which one suits which kind of writer. Prices were checked on Substack's and Ghost's own pages on 9 October 2026.

Disclosure: we make Ectobuilder, a theme builder for Ghost. We've kept this comparison honest; Substack is the better choice for plenty of writers, and we say who.

The short answer

• Choose Substack if you're starting out, don't earn from paid subscriptions yet, and want readers to find you through Substack's app and network.
• Choose Ghost if you earn (or plan to earn) from paid subscriptions, want your own brand and website, and want to own your platform as well as your list. When you’re ready to sell, here’s how to build a pricing page in Ghost.

Ghost vs Substack at a glance

Pricing: free with a cut vs a flat fee

Substack is free to publish at any size. Once you turn on paid subscriptions, it keeps 10% of subscription revenue, and Stripe charges its own processing fees on top.

Ghost(Pro) charges a flat monthly fee based on how many members (free and paid) you have, and takes nothing from your revenue. Starter ($15/month billed yearly) doesn't include paid subscriptions; Publisher ($29/month billed yearly, $35 monthly, for up to 1,000 members) does. Business is $199/month billed yearly for up to 10,000 members. Stripe's fees apply on Ghost too.

Why Ghost(Pro)? It’s the official hosting, run by the non-profit Ghost Foundation, so your subscription funds Ghost itself. Updates, backups, security and a worldwide CDN are handled for you, newsletter sending is included with no Mailgun account to set up, analytics work out of the box, and new features reach you first. Ghost takes 0% of your paid subscriptions. One thing to know: Starter runs only Ghost’s official themes, so choose Publisher for a custom theme. Try Ghost(Pro) free for 14 days.

Here's what that means in practice, before Stripe's fees, which you pay on both:

Substack wins when you don't charge: it's free, and Ghost isn't. Once paid subscriptions bring in a few hundred dollars a month, Ghost's flat fee is cheaper, and the gap grows with every subscriber. Self-hosted Ghost costs only a server and an email-sending service, but you're responsible for running it.

Where Substack is better

• Discovery. Substack's app, Notes and recommendation network can bring you readers you'd never reach on your own. This is the strongest reason to stay.
• Zero setup. Sign up, write, send. No hosting, no themes, no decisions.
• Free until you earn. There's no cost at all for a free newsletter of any size.
• Audio and video. Podcasts, video posts and live video are built in.
• A reader app. Readers get your posts in Substack's app alongside everyone else they follow.

Moving your newsletter to Ghost? Ectobuilder lets you design your Ghost site visually, from a Substack-style layout to a full homepage, without touching theme code.

Try it free

Where Ghost is better

• No revenue cut. You keep everything except Stripe's fees.
• Your brand. Your own domain on every plan and a design that looks like you, not like Substack.
• A real website. Pages, landing pages, custom homepages, tags, authors and full SEO control, which matters if you want search traffic.
• Your platform, not just your list. Ghost is open source. You can move your whole site, members and all, to another host whenever you like.
• Flexibility. Multiple newsletters, tiers, offers, integrations, webhooks and an API.
• Independence. Your readers meet you on your site and in their inbox, not inside another company's feed.

The catch with each

Substack's catch is lock-in that grows over time. The 10% scales with your success. Readers who subscribed through Apple in the Substack iOS app can't be moved to another platform with their subscription. And Substack's moderation choices and push into social features have driven some writers away.

Ghost's catch is that you're on your own for growth. There's no app full of readers waiting to discover you, and on Ghost(Pro) you pay from day one. Design can also take work: the cheapest plan only runs Ghost's official themes, and a custom design means a paid theme or building your own.

Moving from Substack to Ghost

Ghost has a Substack importer built into its settings. It brings over your posts, your free subscribers and your paid subscribers, and paid subscriptions keep running on the same Stripe account without anyone re-entering their card. Comments, likes, Notes and app-only followers stay behind.

We wrote a full walkthrough with screenshots: How to migrate from Substack to Ghost (and what doesn't come with you).

Keep the Substack feel on Ghost

Moving doesn't mean your readers have to learn a new layout. You can give Ghost the same centred masthead, calm reading column and subscribe box, and even keep Substack's /p/ post addresses so old links keep working.

Ectobuilder builds that kind of Ghost theme visually, from ready-made sections, without code. Its MCP connector also lets you ask Claude or another AI assistant to build the theme or edit your posts and pages for you. The step-by-step guide: How to make Ghost look and feel like Substack.

Build your Ghost theme without code. Pick a theme from the Ectobuilder gallery or start from scratch, change it by clicking, and publish it to your Ghost site. Start free and only pay if you’re happy with it.

Start free

Which should you choose?

• Starting a free newsletter and want readers fast: Substack.
• Earning a few hundred dollars a month or more from subscriptions: Ghost will usually cost less, and the saving grows.
• Building a brand, a publication or a business: Ghost.
• Podcast or video first: Substack, or Ghost with a podcast host.
• Not sure: start on Substack and use a custom domain from day one. If you move later, your links come with you.

Still weighing other options too? See our comparison of Substack alternatives in 2026.

FAQ

Sources

• Substack: How much does Substack cost?
• Ghost(Pro) pricing
• Ghost: Migrating from Substack
• Ghost 6.0 release notes
• journalism.co.uk on Substack's in-app purchases

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