FEES AND CHARGES FOR THE SERVICE
UPEUROPE.COM portal allows to launch crowdfunding campaigns intended to raise funds for BUSINESS projects or SOCIAL PURPOSES (NON-PROFIT). Each crowdfunding campaign must be set in order to implement a project. The NON-PROFIT type campaigns can be set to implement a project or to finance continuous campaigns (charity campaigns).
Individuals and legal entities can register and create for free a project to launch a campaign intended to raise the funds necessary to its completion or launch a campaign of continuous funding for social purpose in the NON-PROFIT section.
In return of the received funding, the designer can recognize donors / lenders a real prize (reward), a symbolic prize (donation) or the return of the amount received in installments with or without interest (peer to peer lending).
The minimum funding allowed per project from a single donor is equal to euro 5 (euro 50 in case of lending crowdfunding);
The maximum funding allowed depends on the type of registration (in order to raise the maximum over 2,500 .00 euro you must provide the requested information) and the conditions of your circuit of credit/debit card. Payments by bank transfer have no limits except those defined by the type of registration. The minimum funding allowed per project from a single donor is equal to euro 5 (euro 50 in case of lending crowdfunding).
UP requires a commission solely to the designer, and exclusively if the fundraising campaign is successful. This fee is applied to the amount of funds actually collected by the designer or through the continuous campaigns within the NON-PROFIT area.
The fee due for the projects is equal to:
- 5% on the amount actually collected for BUSINESS (REWARD) projects
- 4% on the amount actually collected for BUSINESS (LENDING) projects
- 3.5% on the amount actually collected for NONPROFIT projects
On above commission it is applied the Value Added Tax (VAT); the latter is applied only on the commission payable to the UP and not on the total of the raised funds. VAT is applied to 22%.
If a project, its fundraising campaign, does not reach its objective, no commission is applied. Lenders will get a refund for the contributions made and no kind of expenses will be applied nor to lenders or the designer.
If the project raises the requested money, UP communicates the positive outcome of the transaction to financial institution in charge so that the latter can make arrangements for the transfer of the raised funds to the designer. From the financed amount it will be retained the commission due to UP for the service.
THIRD PARTS COMMISSIONS
To every project come to fruition, or successfully and entirely financed, are applied and deducted at source the following fees charged by third parties for the payment processing.
The fees requested by Mangopay system are as follows:
- funding and donations by credit card for crowdfunding campaigns and for non-profit continuous campaigns: Mangopay charge a fee of 1.8% + € 0.18 per transaction in Euros.
- funding and donations by bank transfer for non-profit continuous campaigns: Mangopay charge a fee of 0.50% per transaction in euro.
Funders who support a business or nonprofit project can contribute from any country in the world. For payments made using currencies other than Euro, there could be additional currency exchange fees.
UP does not charge to lenders, but depending on the currency used by lenders UP may charge to the designer (only in case that the fundraising is successfully achieved) the possible additional exchange fees that may be applied by the circuit.
ADVANTAGES AND PARTNERSHIP
Special commissions may be applied by UP to the financing campaigns of those projects promoted or set by partner organizations.
UP can charge more favorable fees to its partners. In addition, partners can organize contests and provide awards for specific categories of projects.