Spacehive is transparent with its fee model and unlike other crowdfunding platforms there are no hidden extras or automated tipping. Anyone can join Spacehive and create a project for free.
Fees are 5% (+VAT) of the project target and are only applicable in the event of a successful campaign. When you input your project costs, our platform will calculate this fee and it will appear as a cost item in your budget.
There are transaction fees (fees which apply when receiving electronic money payments, charged by our payment partner, Stripe) which are calculated when you input your project costs. These costs will vary depending on the transaction method, but are approximately 2% of the payment value, and only payable if the campaign is successful.
The 5% (+VAT) success fee and the transaction fees are added to your crowdfunding target at the outset. All fees are covered by your crowd, and you have 100% of the amount you need to deliver your project.