UK-based filmmakers will be able to launch campaigns on popular crowdfunding website Kickstarter as of October 31.
Kickstarter previously required a U.S. back account to run a crowdfunding campaign, making it difficult for non-American documentary directors to raise funds for their projects. However, the web firm announced in July that it would soon open its doors for UK-based projects.
In a blog post, the company said that UK residents can start building their projects now, to launch at the end of October.
“The mechanics of Kickstarter – all-or-nothing funding, rewards, etc – are identical for U.S. and UK projects,” the company said. “When pledging, however, backers of UK projects will enter their payment information directly on Kickstarter rather than through Amazon Payments. All pledges will be processed securely through a third-party payments processor.
“Like the U.S., Kickstarter will charge a 5% fee to successfully funded projects and no fee to unsuccessfully funded projects in the UK.”
The company added that payment processing fees for UK projects are similar to those for U.S. projects, with pledges entered at less than £10 (US$16) charged 5% + £0.05, and pledges of £10 or greater charged at 3% + £0.20.