It is possible to make a donation by bank transfer or by credit card or debit card through PayPal.
The electronic payment via PayPal does not imply costs for the backer. As for the payment via bank transfer, any costs depend on the backer’s bank and may differ between banks.
Using Paypal, the backer makes a donation on BeCrowdy to support a project and this donation remains only a promise until the end of crowdfunding campaign. The backer agrees to make the amount he wants to donate available by the campaign’s deadline.
To make a payment through Paypal, if the backer already has a Paypal account, he can immediately proceed with payment. If he does not have a Paypal account, he can open it quickly and free of charge while entering his credit card or debit card information. Using a Paypal account is a secure payment method that protects the backer, even if, in the future, he will consider it necessary to open a dispute against the project creator.
Check out our guidelines on find out how to pay via PayPal or bank transfer.
What if the campaign is not successful and does not reach the budget?
If the backer paid with Paypal, he will simply not be charged for the donation.
If he paid by bank transfer, he will be fully refunded within a few days by BeCrowdy.
In any case, he will not be charged anything and of course will not receive the reward he had selected.
The project creator is required to have an active PayPal account in order to publish his campaign. In case he does not have one, he can open it very easily and for free.
PayPal applies transaction fees to the project creator, only if the project is successfully funded. Remember that if the campaign does not reach the budget, there will be no fees charged by PayPal or from the platform.
Here you can find standard fees for PayPal: https://www.paypal.com/webapps/mpp/paypal-fees
If the project is successfully funded, BeCrowdy will also charge an 8% fee.
The fiscal regularization of the amount received will be under the project creator’s responsibility.