FAQ: When Does Indie Gogo Dispurse The Funds?

How long does it take to receive funds 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.

Does Indiegogo take money straight away?

Funding Type If you do not reach the minimum set goal, then you walk away with nothing. Since Kickstarter is all or nothing, backers will only be charged at the end of the campaign, if the goal was fulfilled. For Indiegogo, a backer’s card will be charged right away.

How does Indiegogo payment work?

Indiegogo currently accepts payments from direct credit/debit cards, Apple Pay, and Google Pay. At this time, if you are contributing via direct credit/debit card: Credit/Debit Cards accepted across most campaigns are: Visa and MasterCard.

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.

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What percentage does Indiegogo take?

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.

How do you qualify for Indiegogo?

You are 18 years of age or older. You are a legal resident or have a business entity registered in one of the above listed eligible countries. You are creating campaign in your own name, or on behalf of a registered legal entity with which you are affiliated.

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.

Can you end an Indiegogo campaign early?

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. We’ve built a tool that allows you to make a one-time extension to your campaign’s deadline- up to 60 days after your launch date!

Do I have to pay taxes on Indiegogo?

Project transactions that were generated outside of Kickstarter or Indiegogo won’t be reported on the 1099-K that you receive from them, but you’ll still have to pay taxes on those funds. Some of the money included in the form may be tax-deductible.

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How do I withdraw money from 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 are reserved funds on Indiegogo?

The Reserved Funds policy reserves a small percentage of a campaign’s funds raised (the “Reserved Funds ”) to help facilitate refunds for that campaign, so that campaign owners can process refund requests quickly and easily on our platform.

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 happens to the money if crowdfunding fails?

To answer that, you need to know what failure means. Kickstarter operates on a All or Nothing Model, which means if you meet your funding goal, you get all your money. If you don’t meet your funding goal, you get nothing. It’s only after the campaign goal is met that money is deducted from backers.

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