What’s GoCardless? And what other payment systems can I use?

Spacehive projects can use PayPal and/or GoCardless to collect pledges. PayPal allows backers to pledge directly from their PayPal account, whereas GoCardless is a direct debit system that allows people to make payments directly from their bank account, via a one-off direct debit. The direct debit is set up when Backers pledge, allowing Spacehive to collect the funds from their bank account at the end of the campaign, should you reach your funding goal. Because it’s a one-off direct debit, only one payment can ever be taken.

It’s well worth adding both if possible as it gives potential backers more choice, and each platform has different benefits. PayPal allows Backers to pay from anywhere in the world, and GoCardless has lower transaction fees for UK based pledges.

For more information on setting up a GoCardless account visit our guide, here, and the table below has more information on both platforms.

PayPal GoCardless
Transaction fee 3.4% 0.5%
Payment types supported PayPal account, credit & debit cards BACs and Debit Cards
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

 

By |2018-11-23T11:56:54+00:00June 6th, 2016|

About the Author:

From teaching in the Tanzanian mountains to the digital universe of Spacehive, Aaron has stopped off in a few places along the way. After receiving an MA in Publishing from Oxford Brookes University, she worked for big internationals including Oxford University Press and the International Labour Organization, small but interesting types including Pambazuka Press and Internet Retailing Magazine before heading up the award-winning eSeller.net. Looking for her next big adventure she joined Spacehive as their Content Marketing Manager. Here she works the words whether describing the awesome potential of a civic crowdfunded future or outlining the many dazzling features of our grant-making software. She gets to meet the project creators and share their stories as well as working with our partners to ensure they have the material they need to make impact. Outside of work she mentors with The Girls’ Network, solves mysteries and once made jam from the blackberries in her garden of which she is inordinately proud.