Why does my Spacehive target keep changing?

As you near the end of your campaign, we have a more concrete idea about the payment transaction fees you will pay, so we are able to calculate this figure more accurately.

Your crowdfunding target fluctuates according to the transaction fees (PayPal transaction fees are 3.4% + 20p per pledge, whereas GoCardless charge a flat 0.5%).

Spacehive estimates your total transaction fees at the start of the campaign and add this onto the funding target. Spacehive over-estimates the fees so you’re likely to see the fees come down throughout your campaign, especially if you’re getting more pledges through GoCardless than PayPal, or if you have a series of large pledges.