Contributions in cryptocurrencies
💡 Overview
Open Collective Europe (OCE), in partnership with Every.org and Myriad USA, can accept cryptocurrency donations on behalf of eligible hosted Collectives. These donations are converted into fiat currency before being allocated to your Collective's balance.
✅ Eligibility Requirements
To accept cryptocurrency donations, your Collective must:
Have a minimum balance of €2,000.
Not engage in the sale of goods or services.
Have at least two administrators.
Sign a specific Service Agreement with OCE.
To apply, contact us at [email protected].
🔄 Donation Process
Fundraising Setup
OCE will assist in setting up a fundraising page through Every.org.
Donation Receipt
Donations made in cryptocurrency are received by Every.org and converted into fiat currency.
Fund Allocation
Converted funds are transferred to OCE and then allocated to your Collective's balance on the Open Collective platform.
Note: Transfers from Every.org to OCE occur twice per year.
💰 Fees and Costs
OCE Fee: 10% of the net amount received after conversion.
Processing Fees: Variable, depending on the cryptocurrency and transaction specifics.
Detailed fee information will be provided upon request.
⚠️ Important Considerations
Your Collective will receive only fiat currency; OCE does not distribute cryptocurrency directly.
Ensure that your fundraising activities comply with OCE's guidelines and the terms of the Service Agreement.
📬 Need Assistance?
For questions or to initiate the setup process, please contact us at [email protected].
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