How Long Does It Take To Get Kickstarter Money?

What can you use Kickstarter money for?

Projects must create something to share with others.

Kickstarter can be used to create all sorts of things: art and gadgets, events and spaces, ideas and experiences.

But every project needs a plan for creating something and sharing it with the world.

At some point, the creator should be able to say: “It’s finished..

What percentage does go fund me take?

2.9%There is a fee of 2.9% plus $0.30 fee per donation on GoFundMe.

Are kickstarters worth it?

Surprisingly, the all-or-nothing nature of Kickstarter is its greatest asset in ensuring projects hit their funding goal. … These are, by and large, the sort of projects Kickstarter excels at funding — projects where, if a certain amount of money isn’t raised, the project simply isn’t possible, or isn’t worth it.

Is Kickstarter a one time payment?

If the project you’re backing is successfully funded, your card will be charged when the project reaches its funding deadline. If the project does not reach its funding goal, your card is never charged.

Can you end a Kickstarter early?

Canceling a project does not remove it from Kickstarter. Projects cannot be deleted. Canceling a project is not reversible. If you decide you want to relaunch the project, you’ll need to build a new one from scratch and submit it to us for review.

How much does it cost to start a Kickstarter campaign?

Platform Costs Kickstarter’s fee is 5% of total funds raised, plus a payment processing fee between 3% and 5% per pledge, depending on the amount pledged. Indiegogo has a 5% platform fee, plus a processing fee of 3% + $0.30 per transaction.

What percentage of money does Kickstarter take?

5%If your project is successfully funded, the following fees will be collected from your funding total: Kickstarter’s 5% fee, and payment processing fees (between 3% and 5%).

Do backers make money on Kickstarter?

Kickstarter makes money by taking 5% of the total amount of money that is funded on the site. … Those who want to be funded get a group of backers to donate to their project and then promise the backers with an incentive or reward.

What is the maximum amount you can borrow from Kickstarter?

$10,000The maximum amount you can pledge to a project is: US-based projects: $10,000.

What happens when a Kickstarter is overfunded?

Sometimes when a project is overfunded, it lets the creator put that money back into the project to create something better for the backers and themselves. … This often means that the creator can continue the project beyond Kickstarter — and backers are part of that story.

What is the point of Kickstarter?

Our mission is to help bring creative projects to life. Kickstarter campaigns make ideas into reality. It’s where creators share new visions for creative work with the communities that will come together to fund them.

What is the most money raised on Kickstarter?

At the end of August 2014, the Coolest Cooler finished its Kickstarter run with more than 13.28 million U.S. dollars in project funding. Up until then, Pebble e-paper watch had held the title for the highest funded project on the crowdfunding website with 10.27 million US dollars.

How hard is it to get funding on Kickstarter?

But, similar to the age-old adage that most startups fail, most Kickstarter projects also fail to get fully funded. Because Kickstarter is “all or nothing,” projects need to meet their funding goal before pledges are unlocked to the project founder. But, only about 36 percent of projects make it.

How do you get your money from Kickstarter?

10 Tips for Raising Money on KickstarterDo Your Research. Not every project will work on Kickstarter, and even fewer will create a feeding frenzy. … Define Your Goal. … Consider Your Rewards and Costs. … Prepare Your Pitch. … Market the Hell Out of It. … Keep It Alive. … Listen to Your Backers. … Be Patient.More items…•

What is the difference between Go Fund Me and Kickstarter?

The fundamental difference between the two platforms is that Kickstarter only allows crowdfunding for creative projects. Unlike GoFundMe, all Kickstarter campaigns are screened before they can go live. … With GoFundMe, it’s merely an option you can deploy.

What happens to Kickstarter money if goal isn’t reached?

Kickstarter is a crowdfunding platform that follows an all-or-nothing funding model, which means that if you fail to reach your funding goal you won’t receive any funds. So you won’t have to refund backers and you won’t be obligated to deliver any rewards.

Can someone steal my Kickstarter idea?

Yes, an idea on Kickstarter can be stolen, but there are two reasons why that doesn’t matter: The project itself serves as proof it was your idea. You have a public record of your work if you try to raise funds on Kickstarter.