Quick Answer: What Happens If An Indiegogo Project Fails?

Is Kickstarter or Indiegogo better?

Kickstarter is the bigger crowdfunding platform and gets more press, but its fixed funding and limited product categories may limit your campaign.

Indiegogo offers more product categories and ad analytics, but you’ll have to be careful when deciding whether or not to go with flexible funding..

Can you lose your money on Kickstarter?

Kickstarter doesn’t issue refunds, as transactions are between backers and the creator. In fact, Kickstarter never has the funds at all. When a project is successfully funded, money is transferred directly from backers’ credit cards to the project creator’s Amazon Payments account.

How many people use Indiegogo?

The Indiegogo Community Today, our group of backers is more than 9 million strong, representing 235 countries and territories.

Should I buy from Indiegogo?

While there is a small element of risk, and it is small as the vast majority of projects are completed and delivered to backers, Indiegogo remains an excellent place to find new, exciting products that could be the next big thing or just fill a need you didn’t realise you had.

Can Indiegogo be trusted?

“WARNING!” Indiegogo is a scam, do not participate in any of their advertised campaigns. Indiegogo do not check all of their campaign participants’ background if they are a legit, active and legal. They only strategically make excuses about their participant campaigns, fraud and criminal activity.

What happens if you don’t reach your goal on 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.

Who owns Indiegogo?

Indiegogo allows people to solicit funds for an idea, charity, or start-up business. Indiegogo charges a 5% fee on contributions….Indiegogo.show ScreenshotHeadquartersSan Francisco, California, U.S.OwnerIndiegogo, Inc.Created bySlava Rubin Danae Ringelmann Eric SchellURLindiegogo.com6 more rows

What percent does Indiegogo take?

If you reach your goal, Indiegogo takes a 4 percent cut; if you don’t, the fee jumps to 9 percent. Kickstarter backers are never charged when a project misses its goal, which adds considerably more pressure to hit the mark.

Can Crowdfunding be trusted?

Crowdfunding differs in many ways from traditional forms of investing. … Our results show that trust in the crowdfunding platform and the information quality are more important factors of project trust than trust in the creator.

Can you crowdfund on two sites?

While most websites don’t prohibit you from posting to more than one funding platform at a time, posting on multiple sites can hurt your campaign. … If a project is posted to more than one website, campaign momentum is diluted as contributors are split among multiple platforms.

How long can an Indiegogo campaign last?

60 daysIndiegogo 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.

Can 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 happens if your Kickstarter project fails?

If a Kickstarter project fails, no money is collected from the backers. Their credit cards are not charged unless the project is 100% funded. If you mean what happens if your reward isn’t delivered, you have recourse available through introducing a civil court case.

How long does Indiegogo take to pay you?

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.

Does Indiegogo charge immediately?

Please note: Your credit card will be charged the contribution amount immediately if your transaction was successful, not at the end of the campaign.