Project supporters will be charged at the time of making their pledge and the funds will then be transferred to the project owner once the project closes successfully. Payments will be transferred into your bank account within 7 working days after the project has closed.
You will receive your pledge payments once your project has closed successfully. With ‘All or nothing’ funding, a project is only successful if it hits target. With ‘Keep what you raise’, all projects that raise any funds are considered successful.
All fees will already have been taken by the time the funds arrive in your account. If your project does not collect any money, you will not be charged any fees.
Total fees are 8%.
The total fee for using Crowdfunder.co.uk is 8%. This will be collected from your funding total and will already have been taken by the time the funds arrive in your account.
If you want to know the maths, this breaks down to 5% for our Crowdfunder fee, a 1.67% payment processing fee and VAT. If your project does not collect any money, then you will not be charged any fees.
Crowdfunder’s fee allows us to continue working with projects to make their ideas happen.