There’s no upfront fee to start using Patchwork. You don’t even have to sign up to try. So just go and play.
If you use our site to invite friends to contribute time and skills then our service is totally free.
We only make money if you use Patchwork to collect cash with a 3% commission on contributions. If you’re in the UK, VAT is added so that’s 3.6% in total. On a £100 gift you will receive £96.40 after our fees. You can choose to receive funds into your PayPal account or bank account via Stripe. To compare total transaction fees on a £100 gift see below.
|£100 gift||Patchwork 3.6% Commission||Partner Commission||Partner Transaction Fee||After All Fees You Get|
|Stripe (European Card)||£100||£3.60||£1.40||20p||£94.80|
|Stripe (Non-European Card)||£100||£3.60||£2.90||20p||£93.30|
|PayPal Guest (with card)||£100||£3.60||£3.40||20p||£92.80|
We’ve chosen a commission model for our business because we think it’s the fairest and simplest option.
Partnering with Stripe and PayPal means you get cash contributions direct to you. You can collect money from friends and family all over the world, easily and securely. We support most global currencies, If you don’t see yours in our list, please do get in touch. We don’t hold your money so with instant access to your own funds, you can withdraw them whenever you’re ready.
Patchwork is a bit like a crowdfunding platform. The difference is, with Patchwork you’re inviting family and friends to contribute towards a special gift or experience, rather than asking strangers to donate towards a fundraising goal. And whilst crowdfunding platforms hold your funds until a set target is reached, we don’t. Instead all cash contributions go directly to you and whatever money you raise is yours. Plus, we are cheaper.
Because you want to remove the embarrassment of asking for (and the awkwardness of giving) cash instead of gifts.
Because the idea of a company holding your funds makes you nervous and you want a 100% guarantee your money is secure and accessible to you anytime you need it.
Because you want the experience of giving money to be easy, fun and personal for your friends with a chance for them to add photos and messages with their gifts.
Because you don’t want to wait until your page is closed after the event to receive your cash. Instead you want to put down deposits, pay off credit cards or book items and experiences as cash contributions come in.
Because you want a honeymoon fund that is independent of travel agents so you can book your honeymoon however you like.
Because you want a stylish honeymoon fund with beautiful templates to customise and the ability to add your own words and images.
Because you want to have an easy way to keep track of contributors, gifts and messages in your account.
Because you want to send photos of you enjoying your experience, with digital thank yous or proper printed postcards.
There are cheaper ways of getting cash. If you want to avoid all fees you can ask friends to make a bank transfer, write a cheque or put gift money in an envelope for free.
But these options can be costly too!
Most people understandably feel awkward asking for money from friends and family in this way. And friends and family can feel embarrassed and often offended by the request. After all, you’re celebrating a special life event and asking directly for cold, hard cash can feel brutal.
Common concerns from friends and family include:
On average, people prepared and able to gift money in this way will spend £50, while those who cannot afford to give this amount will avoid the embarrassment by ignoring the request altogether. Then a large proportion of people will choose an alternative present themselves.
Although there’s a cost involved in using Patchwork as a honeymoon fund or cash gift list, people who use our site collect more funds overall (£65 on the average wedding gift) than those who ask for money direct, because everyone feels inspired and able to contribute something. Gift givers get to see what their money is going towards and can choose exactly which piece of the gift or experience to treat you to. They can also contribute whatever they can afford and transfer their funds easily and securely. Then they can leave their address so you can send them a proper thank you along with photos of you enjoying their gift.
Patchwork is run by a small team based in London. We are committed to delivering the best service possible to our users and at the same time treating our own people fairly. Our commission allows us to build a sustainable business and keep our biscuit tin stocked.