Questions tagged [kickstarter]

HanjiArtistry Fri Sep 06 2024 | 0 answers 0

Have you ever wondered if Kickstarter, the popular crowdfunding platform, actually refunds your money if a project doesn't meet its funding goal or if the promised product never materializes? It's a valid concern for anyone considering supporting a creative endeavor through crowdfunding. After all, investing in someone's vision can be exciting, but what happens if that vision doesn't come to fruition? Let's delve into the question: Do you get money back from Kickstarter? Firstly, it's important to understand that Kickstarter operates on an all-or-nothing funding model. This means that a project creator sets a funding goal and a deadline. If the project doesn't reach its funding goal by the deadline, no money is collected from backers, and no money is transferred to the project creator. In this scenario, backers do not get their money back because no money was ever actually collected from them. However, if a project successfully meets its funding goal, the money is collected from backers and transferred to the project creator. Once the funds are released, Kickstarter's role in the transaction is complete, and it's up to the project creator to fulfill their promises to backers. If the project creator fails to deliver on their promises, Kickstarter does not offer refunds or any form of compensation to backers. So, in summary, Kickstarter does not offer refunds to backers if a project fails to meet its funding goal. However, backers should be cautious when supporting a project and thoroughly research the project creator and their track record before committing to a pledge. It's also important to remember that crowdfunding involves a certain level of risk, and backers should be prepared to potentially lose their investment if the project doesn't succeed.

Rosalia Fri Sep 06 2024 | 6 answers 1275

Excuse me, I was wondering if I could get some clarification on something. In the world of crowdfunding, platforms like Kickstarter are incredibly popular for helping people raise funds for their projects. However, I've heard rumors that Kickstarter takes a portion of the funds raised as a fee. Is this true? If so, what percentage of the total funds raised does Kickstarter typically take as a cut? It would be greatly appreciated if you could provide me with some insight on this matter.

Valentino Thu Sep 05 2024 | 0 answers 0

I'm curious, could you elaborate on what happens if a Kickstarter project fails to deliver on its promises? Specifically, do backers have any recourse to get their funds back in the event of a project's demise? It's important to understand the level of risk associated with supporting a crowdfunding campaign, and how investors are protected in the case of unsuccessful endeavors.

Nicola Thu Sep 05 2024 | 7 answers 1605

Could you please clarify the credit score requirements for Kickstarter? I'm curious about the minimum score needed to qualify for their services. Do they have any specific credit thresholds that backers or creators need to meet? It would be great to understand the financial standing criteria they use to ensure successful fundraising campaigns. Additionally, does Kickstarter offer any resources or guidance for those looking to improve their credit scores in order to access their platform?

Margherita Thu Sep 05 2024 | 6 answers 1336

Can you elaborate on the consequences of failing to fulfill Kickstarter project obligations? Are there any specific penalties or legal repercussions for creators who don't deliver on their promises? How do backers usually respond when projects are not completed as promised? What steps can be taken to ensure a successful outcome and maintain trust with backers?