Do you get your money back from Indiegogo?
Do you get your money back from Indiegogo?
You can request a refund directly from your confirmation email or from your Indiegogo account. To request a refund, please follow these steps. Refunds will be issued based on the payment method used for the contribution, and may take up to five (5) business days to appear on your statement.
What is flexible funding on Indiegogo?
Flexible funding is suitable for almost all the campaigns on Indiegogo. With flexible funding, you keep all funds, even if you do not meet your goal! If you decide to choose flexible funding, make sure you communicate regularly with your backers.
Do you get your money back from crowdfunding?
Loan-based crowdfunding means that investors get their money back, usually with interest. And with investment-based crowdfunding, people put money in, usually for a share of your business. So they’ll see the value of their shares rise and fall, but you don’t need to pay back their investment.
What percentage does Indiegogo take?
a five percent
Indiegogo charges a five percent (5%) platform fee on all funds raised for your campaign. Fees are calculated and deducted from the funds you actually raise (not the goal you set). Our payment processor also charges a processing fee that varies according to your location and currency.
How long does it take to get your money from Indiegogo?
When do I get my money? Funds raised via credit card are sent to your bank account (less Indiegogo fees) within 15 business days after your deadline. Following disbursements take place every four weeks and it can take 3-5 business days for funds to arrive in your bank account.
What happens to the money if crowdfunding fails?
Creators will still receive the balance of collected funds, less fees, even if the final amount falls below your project’s funding goal due to dropped pledges. Kickstarter will only collect fees on the funds that we are able to successfully collect.
What is the minimum amount you can borrow from Indiegogo?
Please note that the minimum goal amount for a campaign, regardless of whether you choose fixed or flexible funding, is 500 (USD/CAD/GBR/EUR/AUD). It’s also important to keep in mind Indiegogo’s fees, as well as our Reserved Funds feature when deciding on your goal.
What is flexible funding?
A flexible fund is a mutual fund or other pooled investment that has broad flexibility for making investment decisions and allocations. Flexible funds can be U.S. regulated or offshore funds. These funds give the portfolio manager broad latitude for making portfolio investments.
Does Indiegogo have a time limit?
Indiegogo campaigns are automatically set for a maximum run time of 60 days, but we may choose to offer an extension in our sole discretion. However, we’ve found the sweet spot for campaigns is around 30-40 days- see Choose Launch Date & Deadline.
How do you cash out on Indiegogo?
Your initial disbursement is sent within 15 business days after your campaign ends, provided your bank account information is complete and accurate. If you raise more than 1000 in your currency, Indiegogo will automatically hold 5% of your funds for refunds and chargebacks. Read more about Reserved Funds here.
What happens if you do a flexible funding campaign on Indiegogo?
If a flexible funding campaign doesn’t meet its goal, remember, the creator still gets the funds… but Indiegogo keeps 9%, not 4%. This presumably maintains an incentive for flexible funding campaigners to set a reasonable goal. Pro Tip: If you do launch a flexible funding campaign, just set a low goal.
When do you get your money back from Indiegogo?
If your campaign does not meet its goal by its deadline, all your backers will be refunded by Indiegogo within 5-7 business days. Choose fixed funding only if your campaign objective requires a minimum amount of money to be accomplished, and if you cannot fulfill your perks without raising the full goal amount.
What happens if you dont meet your Indiegogo goal?
However, in a fixed funding campaign contributions are refunded when the campaign doesn’t meet its goal. If a flexible funding campaign doesn’t meet its goal, remember, the creator still gets the funds… but Indiegogo keeps 9%, not 4%. This presumably maintains an incentive for flexible funding campaigners to set a reasonable goal.
What kind of rewards can you get on Indiegogo?
It uses rewards, sometimes tangible but not always, to motivate donors. Specialized campaigns: Indiegogo’s Partner Page allows approved campaigns to raise tax-deductible funds and campaigns for beneficiaries, such as charity, with that charity’s approval.