When your pitch has funded and closed to further investment, we will then complete our post-funding due diligence. Once complete, we will send a cooling off email to your investors, which includes a copy of your Articles of Association.
During this cooling off period, which is generally no shorter than seven days, investors will have the opportunity to review their investment before it becomes final. Once the cooling off period has expired, funds will generally be collected within 2 - 3 working days. At this point, Stripe, Crowdcube’s third party payment provider, will debit the payment cards of your investors and transfer the funds directly to your bank account.
A completion fee is also applied at this time. This fee, which is on average 0.75% -1.25% of all funds raised, includes our third-party payment provider’s variable costs and the cost of collecting, reconciling and distributing the funds raised.
Our third party payment provider’s variable charges are:
- 0.47% for UK debit cards
- 0.47% for EU debit cards
- 2.9% for non-EU debit cards
- 1.4% for EU Visa and MasterCard credit cards
- 2.9% for non-EU and Amex credit cards