🚨 This documentation is out of date.
View our New Documentation!
Open Collective Docs
Go back to Open Collective
  • Welcome
  • About
    • Introduction
    • Documentation
    • Terminology
    • Company
    • Pricing
    • Team
    • The Open Collective Way
      • Mission and Values
      • Community Guidelines
    • Hiring
    • Investors
    • Contributing
    • Refund Policy
    • Contact Us
  • Product
    • Features
    • Roadmap
    • Comparison
    • User Profile
    • Dashboard
      • Preview Features
    • Currencies
    • Log-in System
    • Privacy Policy
    • Moderation
    • Security
    • Ledger
      • Individual Transactions
      • Transaction Pairs, Groups & Perspectives
      • Viewing Transactions
      • Exporting Transactions
      • Fiscal Host Ledger Perspective
      • Contributions in the Ledger
      • Added Funds in the Ledger
      • Expenses in the Ledger
      • Ledger Changelog
    • Notifications
    • Two-factor Authentication
    • Activity Log
  • Collectives
    • Collectives FAQ
    • Creating a Collective
    • Quick Start Guide
    • Collective Settings
      • Customize Collective
      • Team
      • Collective Goals & Tiers
      • Expense Policy
      • Data Export
      • Security
      • Integrations
      • Zero Collective Balance
      • Closing a Collective
    • Add Fiscal Host
    • Change Fiscal Host
    • Open Source Collectives
      • Setting up GitHub Sponsors
    • Transparent Budget
    • Expenses
    • Updates & Comms
    • Custom Email
    • Moderation
    • Conversations
    • Events
    • Projects
    • Funding Options
    • Buttons & Banners
    • Connected Collectives
    • Contribution flow
  • Financial Contributors
    • Financial Contributors FAQ
    • Guest contributions
    • Payments
    • Platform Tips
    • Website Badge
    • Receipts
    • Collective to Collective
    • Organizations
      • Organization FAQ
      • Funds
      • Bulk Transfers
      • Gift Cards
      • Sustainer Resources
  • Expenses & Getting Paid
    • Expenses FAQ
    • Submitting Expenses
      • Inviting a third-party to submit an Expense
    • Expense Comments
    • Edit or Download an Expense
    • Receiving payment through Payoneer or Wise
    • Tax Information
  • Fiscal Hosts
    • Fiscal Hosts FAQ
    • Becoming a Fiscal Host
    • Creating a Fiscal Host
    • Organisation Settings
      • Info
      • Customize Profile Page
      • Connect external accounts
      • Accounting Categories
      • Security
      • Manage updates
      • Policies
    • Fiscal Host Dashboard
      • Expenses
      • Financial contributions
      • Pending applications
      • Hosted Collectives
      • Vendors
      • Transaction Report
        • Reports
    • Receiving Money
      • Bank Transfers
      • Credit Card
      • Add Funds Manually
      • Expected Funds
    • Payouts
      • Virtual Card Settings
      • Payouts with PayPal
      • Payouts with Wise
      • Two-factor authentication for payouts
      • Refunds
    • Host Fees
    • Local Tax Support
    • Agreement Templates
  • Independent Collectives
    • About Independent Collectives
    • Create an Independent Collective
      • Migrate from Self-Hosted to Independent Collective
      • Migrate from a Fiscal Host to Independent Collective
    • Independent Collective Setup
    • Independent Collective Management
      • Money coming in: Contributions
      • Money going out: Expenses
    • Close an Independent Collective
  • Contributing
    • Design
      • Design Workflow
      • Design Contribution Guidelines
    • Development
      • Contribution Guide
      • Best Practice Guidelines
      • Bounties
      • Architecture
      • API
        • Members
        • Collectives
        • Events
      • README Integration
      • PayPal
      • TransferWise
      • Post-Donation Redirect
      • Manual Reporting
      • GitHub Permissions
      • Internationalization (i18n) system
      • Testing with Cypress
      • Testing features
        • Conversations
      • Collective's locations
      • Virtual Cards
    • Documentation
      • Resources for documentarians
      • Style guide
      • Suggesting changes
    • Translation
  • Developers
    • OAuth
    • Personal Tokens
Powered by GitBook
On this page
  • Legal name
  • Address
  • Receiving money
  • Sending Money
  • Set up 1-click expense payouts

Was this helpful?

Edit on GitHub
Export as PDF
  1. Independent Collectives

Independent Collective Setup

PreviousMigrate from a Fiscal Host to Independent CollectiveNextIndependent Collective Management

Last updated 1 year ago

Was this helpful?

Helpful Links

  • Website
  • Blog
  • Contact
  • Slack

â’¸ Open Collective 2024

Now your Independent Collective has been created. At this point some extra options will have appeared in your settings menu.

Legal name

If the name of your Collective is not the same as the name of the owner of the bank account holding its funds (person or company), you should specify that owner's name in the legal name field. You can do this in the Info section.

For example, the Collective may be named for a specific project, but the holder of the funds might be a person or company associated with the project that has another name.

The display name is shown publicly, and the legal name appears on receipts, invoices, and other places where the legal holder of the funds should be used.

Address

In the Info section, you'll see a field for 'address'. This is used on receipts and invoices, and should be the address of the owner of the bank account where the Collective's funds are held.

Receiving money

To enable people to contribute to your Collective, you need to set up ways that they can pay you. On this screen you can connect your Stripe account for credit card payments and/or add the details for bank transfers.

Sending Money

If you wish to use Open Collective's integrations with payment processors (Wise and Paypal) to enable paying expenses in one click through our platform, you need to link these services up in settings (see below). You'll need to manage your Wise balance and make sure you have money there to cover the expenses.

If you do not wish to link these services, you can pay expenses by any other means outside the platform (e.g Direct Bank transfer), and mark them as paid manually on Open Collective.

Set up 1-click expense payouts

First of all, you need to sign up to Wise and/or PayPal. Once you have activated your account with these services, proceed to connect them to Open Collective.

In the sending money section of your settings, click 'Connect Wise' and or 'Connect PayPal' and follow the prompts.