Anyone can set up a project page for free, and start crowdfunding. We add a 5% success fee to campaigns which is only payable if you reach your funding target.
Anyone can start using Spacehive and create a project for free. To ensure the continuing development and maintenance of our technology platform, the process of verifying projects, and the support that we provide, we apply a 5% success fee to projects* which hit their target with us.
When you input your project costs, our system will still calculate this fee and it will appear as a cost item in your budget.
For example, if your project costs £100, we will add 5% +VAT to your target, which works out as £106. This will be your crowdfunding target.
It is important to note that there are transaction fees for accepting electronic pledges which again we calculate for you once you've input your project costs. These are set by Stripe, the external payment provider that you will connect with when you create your project with us. Read our dedicated article on these to find out more.
*We are continuing to waive our 5% fee for any projects which are supporting their community due to the impact caused by Covid-19. If you think this applies to your project, email support@spacehive.com and we can advise you on the next steps.