FAQ: Generosity Indie Gogo How Works Doesnt Meet Goal?

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.

What happens if your GoFundMe doesn’t reach goal?

What if I don’t reach my goal? Reaching your goal is not required. With GoFundMe, you keep each and every donation you receive. Your campaign will be able to accept donations even after your goal is reached.

Is Indiegogo a con?

Indiegogo seems to be a platform for con artists and scammers. Does not appear if there are any due diligence done by Indiegogo to confirm the legitimacy of any campaigns. At minimum you would have expected them to confirm the campaigners identities, website, location etc. but none is done.

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Can you lose your money on Indiegogo?

Backers contribute to campaign owners, not to Indiegogo. However, Indiegogo is able to refund your contribution before any of the following occur: The contribution funds were disbursed to the campaign owner; The campaign ends; or.

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.

How often do Indiegogo projects fail?

Indiegogo declined to share figures on how often campaigns fail to deliver products. But a 2015 analysis of Kickstarter data found that 9 percent of that platform’s crowdfunding projects failed to deliver rewards, and only 65 percent of backers said their rewards were delivered on time.

What is not allowed on GoFundMe?

Promotions on the GoFundMe Platform: You are not permitted to offer any contest, competition, reward, give-away, raffle, sweepstakes or similar activity (each, a “Promotion”) on or through the GoFundMe Services.

What percentage does GoFundMe take 2020?

Free: there is a 0% platform fee and only an industry-standard payment processing fee of 1.9% + $0.30 per donation. Donors have the option to tip GoFundMe Charity to support our business. If a charity receives a donation of $100, they will net $97.80.

Why does GoFundMe need my Social Security number?

There is a privacy issue with your SSN for Americans to consider. You cannot withdraw money from GoFundMe if you do not provide the platform with your Social Security number. The reason for this involves the responsibilities you have for taxes on the money.

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Can I sue Indiegogo?

We always encourage our community to resolve disputes without turning to litigation, but if you’re still not satisfied with the alternative you’re offered, you can use our Terms of Use to bring a suit against the campaigner.

Is Indiegogo a legitimate site?

Indiegogo Overview Indiegogo is a crowdfunding platform for creative, tech, and community projects. The company was launched in 2008 at the Sundance Film Festival as a funding vehicle for independent films. Indiegogo broadened its scope shortly thereafter and is now one of the leading crowdfunding sites worldwide.

How does Indiegogo make money?

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.

Which is better Indiegogo or GoFundMe?

Depending on how much money you’re looking to raise – and how confident you are in marketing your campaign – GoFundMe is a perfectly adequate option for fundraising your campaign. Indiegogo is a good option if your project doesn’t fall into the specific categories that other crowdfunding sites cater to.

Do you get money back 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.

How long does Indiegogo take to pay you?

Indiegogo will send a disbursement to your bank account within 15 business days after your campaign ends, provided your bank account information is correct and accurate.

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