Why does my Spacehive target keep changing?

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 estimate your total transaction fees at the start of the campaign and add this onto the funding target. Spacehive over-estimate 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’re have a series of large pledges.

 

By |2017-05-10T12:37:11+00:00November 16th, 2016|

About the Author:

Having spent a number of years in the Music industry, Hamish moved into the Tech space to work for a company specialising in financial education for children. He joins Spacehive with experience in community management and will be working to ensure that Spacehive offers the best User Support it can.