For example, you can’t create a campaign solely to raise money for yourself or for a charity. Kickstarter applies a 5% fee on all successfully funded campaigns in addition to another 3% + $0.20 per pledge for processing fees. Kickstarer does not charge any fees for projects that do not tip (e.g. My first project was £10 and didn’t cause any charges for backer but the next game will be £15-20 and I really need an official source on calculating the import tax to the US from outside the US. Need a dependable order fulfillment partner to quickly ship your Kickstarter rewards? Payment processing fees for UK projects are similar to those for US projects. You can sort the fees and processing fees by country here. This ensures that you don’t underestimate the fees that you will have to pay. Kickstarter funds are considered taxable in the year received and should be included as gross income on your tax return (there is only one exception to this, and we will go over that shortly). Kickstarter has also added micropledge option that lowers the cost of the payment processing fees for pledges that are less than $10. If you continue to use this site we will assume that you are happy with it. Yes – the process is the same for US and UK projects, although UK projects will enter payment details in to the Kickstarter site rather than Amazon Payments, the default for US projects. We use cookies to ensure that we give you the best experience on our website. The web pages of projects launched on the site are permanently archived and accessible to the public. Kickstarter has also added micropledge option that lowers the cost of the payment processing fees for pledges that are less than $10. Learn from the Kickstarter community. The Wonderful 101: RemasteredKickstarter campaign was a huge success, but admittedly the release of the game (both digitally and physically) hasn't gone quite as smoothly. The charging process is the same as the USA: Kickstarter charges a 5% fee to successfully funded projects and no fee to those projects that do not reach their target. If we get enough requests, we might build a calculator for Indiegogo, too. Bad puns aside, hopefully, this calculator helped you estimate the cost of your new Kickstarter campaign. To accurately account for every penny you would need to know how much each user is going to contribute. Anyone looking to back a crowdfunding project wants to know what they’re getting into, and this step has become even more important with the addition of rules on the more popular platforms that require the project creator to show a functioning prototype in order to protect their backers from a bait-and-switch.You’ll need to consider a few steps to get a prototype made, depending on how far along you are as well as what skillset you have a… Prior to the delay and extra fees, the Kickstarter for Wonderful 101's remaster was considered a big success. Indiegogo and Kickstarter Marketing Services. This fee is paid directly to Kickstarter at the end of your successful campaign. Follow. Using the average will help you get a clearer idea of the final, true cost. It is built in Google Sheets. Kickstarter's fee: 5% of total funds raised Credit card processing fee : 3% + $0.20 per pledge. GoFundMe: a crowdfunding platform designed for individuals and personal causes. 7. If you have ideas on how to make it more accurate, please add them to the comments. Another exciting project on Kickstarter is not going to be finsihed. Point to Indiegogo! No all or nothing requirement and reasonable fees; Indiegogo: a unique platform that accommodates many, diverse campaigns. Worst part is kickstarter will keep thier fee. Yes, but if you are pledging from outside the UK, the approximate conversion rate in US dollars will come up before you commit cash. KICKSTARTER Order Fulfillment. Last weekend, it was brought to our attention that UK-based backers of the recent The Wonderful 101 Kickstarter campaign had been hit with import … For UK projects, the processing fees are: Pledges less than £10 are charged 5% … Kickstarter applies a 5% fee on the total amount of the funds raised. IndieGoGo vs Kickstarter: FEES. If you don’t have a Google account you will need to make one first. Kickstarter exists to help bring creative projects to life. Fees for Kickstarter in the UK. For any pledge under $10, you pay an increased percent fee of 5% with the lowered $0.05 on top. Kickstarter charges a 5% fee to successfully funded projects regardless of their geographical location, and no fee to unsuccessfully funded projects in the UK. We may from time to time publish content on this site that has been created by affiliated or unaffiliated contributors. For UK projects, the processing fees are: Pledges of £10 or greater are charged 3% + £0.20 Besides platform fees, note that you’ll also have to pay a small fee to the payment processor. Pledges under $10 have a discounted micro-pledge fee of 5% + $0.05 per pledge They also have a “free Kickstarter campaign checker” on their website. Join thousands and get exclusive access to our worksheets, campaign plans, ebooks. We created a free calculator so you can estimate the costs of your campaign. UK Expat Frozen Pensions Branded A National Shame, UK resident either creating a project in your own name or on behalf of a legal entity with a Companies House registration number, Have a UK address, UK bank account, and government-issued ID, like a driving license or passport, Pledges less than £10 are charged 5% + £0.05, Pledges of £10 or greater are charged 3% + £0.20. It does not give individual or specific advice on which products or services are the most appropriate for individual’s particular circumstances. For UK projects payment processing fees are: • Pledges less than £10 are charged 5% + £0.05 • Pledges of £10 or greater are charged 3% + £0.20 Best reviewed agency, since 2010. The charging process is the same as the USA: Kickstarter charges a 5% fee to successfully funded projects and no fee to those projects that do not reach their target. For any pledge under $10, you pay an increased percent fee of 5% with the lowered $0.05 on top. This fee covers the card payment processing. Over $346,238,057 raised. For UK projects, the processing fees are: Creators have asked backers to add international shipping costs to their pledges for years, to pay for sending products overseas. If you ran your first campaign on another platform before joining our InDemand program, your platform fee is 8%. The calculator will then use this to take out the fees for the payment processor. Two crowdfunding options: you get to choose. How does Kickstarter work when it comes to fees? Are UK and US project fees the same? Getting into the specifics, Kickstarter works because of their 5% platform fee. Updated Dec. 18: Added video demo for using tool. Kickstarter: a platform that focuses on creative projects like art, music, film, etc. This cost is an additional 3% plus $0.20 for each pledge. If the funding goal is met, then at the time that the campaign expires all backer’s credit cards are charged and Kickstarter applies a fee of 5% to the funds collected plus payment processing fees of between 3% and 5%. Click to confirm you qualify as a British project and create an account – then fill in your pitch details. It is specially designed to provide its users with general information. But every project needs a plan for creating something and sharing it with the world. The basic structure in the United States is that you pay Kickstarter a flat 5% fee of the total funds that you raise. Kickstarter is exclusively for creative work, but clarify how paying yourself and supporting your community fits in to your project. To keep the math simple on our Kickstarter fee calculator, we used the higher rate. How does Kickstarter work when it comes to fees? Stripe, its third-party payment partner, also … If a project does not reach its funding goal, no fees are collected. Their payments processor applies an additional 3–5% fee. Kickstarter is an all or nothing platform, which means that you don’t get your funds unless you complete your campaign. Visit the link here and select your country from the dropdown menu. The world's most successful crowdfunding agency. This cost is an additional 3% plus $0.20 for each pledge. He is a columnist for FundBeam where he writes about tech, art, and design. They help with marketing, promotion, and advice. The amounts vary slightly for campaigns based outside of the US. Kickstarter knows how to push people into putting their all into raising funds. Hi Jamey, as a UK based Kickstarter games designer I’m finding it extremely difficult to pin down the level at which a reward would trigger charges when being shipped/imported into the USA. Conclusion. Kickstarter charges a 5% fee to successfully funded projects regardless of their geographical location, and no fee to unsuccessfully funded projects in the UK. I t takes five percent of all funds collected for your project. Many platforms will take processing fees from each contributing transaction as well as a small percentage of your overall earnings, while a few sites use an all or nothing model, which means you only get your money if you reach your intended goal. Your email address will not be published. If you ran your first campaign on another platform before joining our InDemand program, your platform fee is 8%. However, other crowdfunding platforms charge around 5%, meaning that the fee applied $500,000 would be about $25,000 instead of $299. I t takes five percent of all funds collected for your project. It also charges fees to process payments to creators from the people who back their projects. We investigated each site to see what makes them tick and to learn what the pros and cons are for campaign backers and project creators alike. One of the best resources for tips about shipping is learning from other Kickstarter creators who have been in your shoes. The Kickstart Scheme provides funding to employers to create job placements for 16 to 24 year olds on Universal Credit. The fee is 5% on top of processing payment charges (3- to 5-%) per transaction. Kickstarter charges a 5% fee to successfully funded projects regardless of their geographical location, and no fee to unsuccessfully funded projects in the UK. Funding is all or nothing and fees are fairly reasonable. It’s not the tax I object to for inporting stuff, that equates to what I’d be paying in VAT if I purchased from a UK store; it’s the £12.50 handling fee, which is flat rate and means that if I’m buying a $10 game with $20 shipping on Kickstarter that doesn’t have EU friendly shipping, I could wait and buy it from my FLGS for around… Harris Roberts is an award-winning entrepreneur, journalist, and investor. Vaccine Passports – Travel Cure Or Controversy? Kickstarter uses its own video hosting service, Indiegogo uses YouTube and Vimeo. Click the ‘Start Project’ button in the header and a box comes up populated for UK fundraisers. … For UK projects payment processing fees are: • Pledges less than £10 are charged 5% + £0.05 • Pledges of £10 or greater are charged 3% + £0.20 Remember: you don’t need to calculate costs if you raise less than your goal. are note successful). Kickstarter Pricing in a World of ... Of course, please budget carefully to ensure that your margins are still healthy after freight shipping, Kickstarter fees, and sunk costs like art and graphic design ... as taxes were added afterwards. Kickstarter Image Dimensions [height & width templates], 11 Best WordPress Themes for a Kickstarter Project, Kickstarter Launch Checklist [Ultimate Guide], How to Write a Kickstarter Page [10 Copywriting Hacks], How to Write a Kickstarter Press Release [Free Template & Example], 30 Tips for Getting Press for your Kickstarter Crowdfunding Campaign. The amounts vary slightly for campaigns based outside of the US. There isn’t one – the US site covers the UK – check the cities section in the far right column and click on London or search for London in the box in the same section. Keep in mind that additional fees collected for shipping will be reflected in your funding amount while your project is live. Video Hosting. If you want a wider UK search, put ‘UK’ in the box to return all British projects. A project is a finite work with a clear goal that you’d like to bring to life.Think albums, books, or films. Are the fees for UK and US projects the same? Kickstarter Fees Free Calculator Creating a correct budget for your Crowdfunding Campaign is one of the most important things, and platform fees are crucial to consider since that fees can add up. Kickstarter funds are considered taxable in the year received and should be included as gross income on your tax return (there is only one exception to this, and we will go over that shortly). Enter the total number of backers for this campaign: According to Kickstarter’s fee page, they charge a flat 5% fee on the total amount raised. If a project is successfully funded, Kickstarter collects a 5% fee from the funds collected for creators. Anyone with a Kickstarter account from any country can pledge funds to a UK project. Fees: Kickstarter takes 5 percent of each donation if a project meets its goal, with a third-party processor collecting between 3 to 5 percent. Kickstarter Review 2021: How It Works, Top Complaints, & More Fundraising Accelerator. Stripe, its third-party payment partner, also takes 3-5 percent in processing fees. You can raise money for a charity, a nonprofit, or a personal cause. While Kickstarter isn’t exactly a store, funds generated from Kickstarter campaigns are seen by the government as taxable income. Get to know about our crowdfunding fees. 1 day ago. Should I Transfer Out Of My Final Salary Pension? A home for film, music, art, theater, games, comics, design, photography, and more. Contact us today. For any pledge under $10, you pay an increased percent fee of 5% with the lowered $0.05 on top. There’s then a payment processing fee of 3% plus $0.20 per pledge. whatsoever - Kickstarter operates an all-or-nothing approach. The document is read-only, so the first thing you need to do is to make a copy to your own Google Drive account. The feature is available to UK and US projects. As in the US, Kickstarter will charge a 5% fee to successfully funded projects and no fee to unsuccessfully funded projects in the UK. Your email address will not be published. This fee covers the card payment processing. One of the great features of Kickstarter is that if your project fails to reach its goal you do not pay any fees. We’ll get … Kickstarter: a platform that focuses on creative projects like art, music, film, etc. Additionally, you have to pay a processing fee on each transaction. Crowdfund innovations in tech and design before they go mainstream and support entrepreneurs that are working to bring their dreams to life. Kickstarter Fees: 5% + Payment Processing. The complete fee breakdowns are available here. He previously worked as Director of Accounts at Figmints a boutique creative agency. Kickstarter UK has kicked off direct crowdfunding for British projects seeking financial aid. Please note that you may have a different platform fee if agreed upon by you and Indiegogo. When you’re looking for a site to fundraise, you want to check for fees as well as if it’s an all or nothing site. The funding goal is the amount of money that a creator needs to complete their project.. Funding on Kickstarter is all-or-nothing.No one will be charged for a pledge towards a project unless it reaches its funding goal. Kickstarter provides the same lacking interface as it does for the campaign page. It also means that the funder’s credit card won’t be charged unless you meet your campaign goal. You can often find variants of it such as “EU-friendly,” “UK-friendly,” “Canada-friendly,” and “Australia-friendly.” This is generally understood to mean one of the following: Goods are shipped from within a country or region, avoiding import fees and … Indiegogo and Kickstarter Marketing Services. We’ve created a Kickstarter fee calculator to help you calculate the costs that you will pay to Kickstarter. Save my name, email, and website in this browser for the next time I comment. Unlike many forums for fundraising or investment, Kickstarter claims no ownership over the projects and the work they produce. If your project is successfully funded, the following fees will be collected from your funding total: Kickstarter’s 5% fee, and payment processing fees (between 3% and 5%). Visit the link here and select your country from the dropdown menu. [Kickstarter or Indiegogo], How To Create A Press Kit For Kickstarter [and Indiegogo]. Anyone looking to back a crowdfunding project wants to know what they’re getting into, and this step has become even more important with the addition of rules on the more popular platforms that require the project creator to show a functioning prototype in order to protect their backers from a bait-and-switch.You’ll need to consider a few steps to get a prototype made, depending on how far along you ar… Stripe, our payments processor, will also collect a payment processing fee (roughly 3-5%). We can help. This is the usual rate among global crowdfunding platforms. In the UK all taxes are included in the printed prices, so I … Kickstarter applies a 5% fee on all successfully funded campaigns in addition to another 3% + $0.20 per pledge for processing fees. Odds are, you’ve heard about crowdfunding or even donated to a crowdfunded campaign on sites like Kickstarter and Indiegogo. For UK projects, the processing fees are: Pledges less than £10 are charged 5% + £0.05; Over 22 million people have supported charities and personal causes on this platform. There’s then a payment processing fee of 3% plus $0.20 per pledge. Are UK and US project fees the same? You can watch this video to learn how to download and use the calculator. These fees are only collected after a project fundraiser ends, and only if the project successfully met its fundraising goal. Learn why some people raise millions and others raise zilch. Kickstarter charges you a flat fee of 5% of all the funds raised , and the payment processing fee is an additional 3%, plus $0.20 per transaction. Kickstarter is een Amerikaanse crowdfundingwebsite, waarop projecten door derden gefinancierd kunnen worden.Naar eigen zeggen heeft Kickstarter zo al meer dan een miljard dollar opgehaald van 5,7 miljoen gebruikers voor 135.000 projecten als films, shows, videogames en gadgets. Kickstarter’s fees are listed on their website and differ depending on the country from which you launch your campaign. Best reviewed agency, since 2010. Many backers on Kickstarter believe this is Platinum's fault and have pointed out how it made "no mention" of import fees. This fee depends on where you are, but is usually a nominal amount plus around 2-3%. Required fields are marked *. Usually backers are offeredincentivesor Investments December 3, 2012December 3, 2012. The first time I've ever been successfully scammed and it is kickstarter project. iExpats aims to help expats make their money work harder by providing the latest financial news from around the world, Disclosure: iExpats.com does not provide financial, investment or tax advice. IndieGoGo vs Kickstarter: FEES. If you choose to offer a smaller pledge option (all those t-shirts and sticker packs) Kickstarter has a different “micro pledge” fee. Creators can also limit rewards to domestic backers only, as international shipping can be a difficult part of the process. Yes. Just Giving. Backers often didn’t bother, so the site has been updated so international backers can add an additional amount to their pledges for these costs more easily. Since the calculator is just to help you estimate this will not reflect 100% of the true cost of the campaign. The two sites are extremely popular crowdfunding platforms, especially for helping creative projects raise money. Create a game plan and launch! *For information on payment processing fees for other currencies, please see our Help Center article on fees **If you are in our InDemand program and ran your campaign on Indiegogo, your platform fee remains 5%. Just Giving is a UK-based online fundraising website. Next, add the number of backers you expect to have on the project. Fees for Kickstarter in the UK. These fees depend on the number of pledges that your campaign receives. There are projects that will be unsuitable for Kickstarter and won’t be permitted to launch. He lives in Providence RI. Never again will I use kickstarter. Kickstarter has also added micropledge option that lowers the cost of the payment processing fees for pledges that are less than $10. GoFundMe: a crowdfunding platform designed for individuals and personal causes. This cost is an additional 3% plus $0.20 for each pledge. In fact, if your project raised over $20,000 from 200 or more backers, you will receive a Form 1099-K in January of the year following the successful funding of your project. Once you have inputted the two values you will get the estimated total cost. For a reasonable estimate, think about the average amount that each backer will give. Funding is all or nothing and fees are fairly reasonable. You can view and make a personal copy of the calculator here on Google Sheets. It also will auto-populate a pie chart to show you the estimated percent of the total funds you get to keep and the percent that goes to Kickstarter. I’ve gotten to know their website over the years. Without a doubt. At some point, the creator should be able to say: “It’s finished. They've managed to dupe backers out of 1million pounds. Kickstarter Review 2021: How It Works, Top Complaints, & More Turns out it's a scam. Kickstarter publishes their fee schedule for each country on their website. No fees are applied to pledges because startups are required to pay $299/mo if they want to earn up to $500,000, or $999/mo to have unlimited access to investment. Pointed out how it made `` no mention '' of import fees view and make a copy your... Clearer idea of the true cost rewards to domestic backers only, as international shipping be. Using the Kickstarter calculator on Google Sheets costs if you ran your first campaign on sites like Kickstarter and ’. Takes 3-5 percent in processing fees for bank transactions, which will vary per bank and currency tool! To launch the first time I comment a free calculator so you can money... Of their 5 % with the lowered $ 0.05 on top over million... [ and Indiegogo editor, but is usually a nominal amount plus around %! Card won ’ t underestimate the fees that you will need to know how much each user going. Build a calculator for Indiegogo, too up populated for UK and US projects watch video! Youtube and Vimeo is that you may have a Google account you will to! Commission fees on the total amount of the payment processing fee of 3 % plus $ 0.20 for pledge! You ran your first campaign on another platform before joining our InDemand program, your fee! To accurately account for every penny you would need to make one first backers,... There ’ s particular circumstances or a personal cause individual ’ s Credit card processing fee 3. Its users with general information columnist for FundBeam where he writes about tech,,. With Marketing, promotion, and investor for creating something and sharing it with the lowered $ 0.05 top... Any pledge under $ 10, you have inputted the two sites are extremely crowdfunding... Are collected thousands and get exclusive access to our worksheets, campaign plans, ebooks we the!, but it likewise offers a boatload of additional functionality how to push into!, no fees are fairly reasonable UK project efulfillment service is an additional 3 % $. These fees depend on the project journalist, and investor of your successful campaign once you have inputted the sites., a nonprofit, or a personal cause I comment generated from Kickstarter campaigns are seen by the government taxable... Get a clearer idea of the Final, true cost depend on the project fundraisers it. A dependable order fulfillment partner to quickly ship your Kickstarter rewards put ‘ UK ’ in the industry that market. Are a lot of companies and agencies in the industry that can market and promote you crowdfunding.... These fees are only collected after a project fundraiser ends, and design fees for UK fundraisers a project... Bank and currency s then a payment processing fees for pledges that are less than $ 10, ’... Heard about crowdfunding or even donated to a UK project here on Google Sheets for bank transactions, will. Great features of Kickstarter is exclusively for creative work, but it likewise offers a boatload additional... Structure in the box to return all British projects seeking financial aid and design are. Math simple on our website Paid Ads met its fundraising goal the same journalist, and only the. Listed on their website and differ depending on the country from the dropdown menu designed individuals! The math simple on our Kickstarter fee calculator to help you calculate the costs that you are happy it... Kickstarter campaign checker ” on their website all-or-nothing approach Google Drive account the total amount of the Final, cost. Services are the fees and processing fees for pledges that are less than goal. Card processing fee on the number of backers you expect to have on the site are archived... Will vary per bank and currency Indiegogo, too clarify how paying yourself and your! Creator should be able to say: “ it ’ s Credit won... Knows how to push people into putting their all into raising funds creators from the people who their... Will also collect a payment processing fee of 5 % of total funds raised [ and.... Can estimate the cost of the true cost charging commission fees on the from. Is slightly different to its campaign page editor, but it likewise offers a boatload of additional functionality will per... From any country can pledge funds to a UK project get a idea... Not charge any fees are fairly reasonable these fees depend on the total amount of the payment processing.... Start project ’ button in the box to return all British projects promote... Many backers on Kickstarter believe this is the usual rate among global crowdfunding.. Also limit rewards to domestic backers only, as international shipping can be used to create all sorts of:... From Kickstarter campaigns are seen by the government as taxable income fee schedule for each pledge this will reflect. Delay and extra fees, the Kickstarter calculator on Google Sheets not any... Our Kickstarter fee calculator to help you get a clearer idea of the.., no fees are only collected after a project is successfully funded, claims! Award-Winning entrepreneur, journalist, and website in this browser for the next time 've... The Kickstarter for Wonderful 101 's remaster was considered a big success '' import... Also limit rewards to domestic backers only, as international shipping can be a difficult kickstarter uk fees... A columnist for FundBeam where he writes about tech, art, and only if the project what happens I! That the funder ’ s finished one first charities and personal causes harris Roberts is an additional 3–5 fee. About tech, art, and investor ve created a free calculator so you can see, there projects... Can watch this video to learn how to push people into putting their into! Skip directly to Start using the average amount that each backer will give the great features of is! To contribute out how it made `` no mention '' of import fees and select your country from the collected! He writes about tech, art, music, art, theater, games comics! Kickstarter or Indiegogo campaign web pages of projects launched on the site are permanently archived and accessible to comments. Creative projects like art, theater, games, comics, design, photography, and more %. A 5 % with the lowered $ 0.05 on top be a difficult part of the payment processing fee the. Fees on the site are permanently archived and accessible to the public,! Each user is going to contribute 0.05 on top clarify how paying yourself and your... Final, true cost of the best resources for tips about shipping is from. Millions and others raise zilch all into raising funds personal copy of the Final, true cost of payment..., so the first time I comment to have on the site are permanently and. % platform fee penny you would need to calculate costs if you have to pay a processing fee 3... Populated for UK and US projects will pay to Kickstarter at the end of your successful campaign from time time... It does not charge any fees for UK and US projects a 5 % fee from the people who their! Is that if your project fails to reach its funding goal and fees. Or even donated to a UK project of the funds raised Credit card won ’ t charged... Calculator will then use this to take out the fees for bank transactions, which will vary bank. Where you are happy with it extremely popular crowdfunding platforms this site that has been by... 2-3 % of 1million pounds first thing you need to calculate costs you. To keep the math simple on our website a box comes up populated for UK projects are similar to for. We may from time to time publish content on this site that has been created affiliated... Ve heard about crowdfunding or even donated to a crowdfunded campaign on another before. A store, funds generated from Kickstarter campaigns are seen by the government as taxable income exactly a store funds. Comics, design, photography, and more partner to quickly ship your Kickstarter?... The projects and the work they produce simple on our Kickstarter fee calculator to help you calculate the of! In to your project, Kickstarter works because of their 5 % on top, think about the amount... Fees depend on the site are permanently archived and accessible to the and. Marketing and Paid Ads [ Kickstarter or Indiegogo campaign has fees for projects that do tip... Crowdfunding platform designed for individuals and personal causes on this platform prior the!, comics, design, photography, and more a crowdfunding platform designed for individuals and causes! Make one first website and differ depending on the number of pledges that your campaign goal campaign! Use this to take out the fees that you don ’ t create a campaign to!, events and spaces, ideas and experiences, its third-party payment partner, also takes 3-5 percent processing., you ’ ve created a free calculator so you can view and make a personal of... Should be able to say: “ it ’ s kickstarter uk fees I out. Backers out of my Final Salary Pension you do not tip ( e.g which products or are... You meet your campaign goal project fails to reach its goal you do not pay fees. 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