Before a project can start fundraising, the Project Delivery Manager must link at least one, but ideally two, payment accounts to your project page. At Spacehive we have two options, PayPal and GoCardless. You can add them in the Project Delivery Manager tab in your Project Home. You can also add them in your Spacehive settings if you’ve already starting crowdfunding, as your project details are locked at that point.

Setting up an account with PayPal allows your Funders to pay from their PayPal account as well as by credit or debit card from anywhere in the world. Having a GoCardless account means Funders can pay directly from their bank account by Online Direct Debit from the UK only.

  • A PayPal account can be created by clicking here.
  • A GoCardless account can be created by clicking here.

The table below summarises the key features of each payment option:

PayPal GoCardless
Transaction fee 3.4% 0.5%
Payment types supported PayPal account, credit & debit cards Online Direct Debit
Maximum pledge size £1,250 £10,000
Payments can be made from Anywhere in the world UK-only
Funds deposited in Your PayPal account Your bank account

For more information on the fees, click here.