Can Kickstarter be trusted?

Can Kickstarter be trusted?

Kickstarter is responsible for providing a safe and reliable platform for our users. This includes creating clear rules for creators and backers who use Kickstarter, and monitoring our site for compliance with those rules.

Does Kickstarter conduct a credit check?

When the company reviews submissions, it does so to make sure that the project meets the company’s “Project Guidelines,” but it does not do an extensive background check into the creditworthiness of the project’s creators — or their ability to complete the project.

How long does it take for Kickstarter to approve a project?

2-5 day
There is an approval process that needs to go through Kickstarter’s Trust and Safety Team before you can go live. While some projects can breeze through this via the “Launch Now” button, most projects should expect a 2-5 day waiting period to get approved.

What interest rates are charged to the borrower for Kickstarter?

If your project is successfully funded, the following fees will be collected from your funding total: Kickstarter’s 5% fee, and payment processing fees (between 3% and 5%). If funding isn’t successful, there are no fees.

Can you lose your money on Kickstarter?

So what happens when Kickstarter campaign 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.

What are the risks of Kickstarter?

Risks of Kickstarter

• The campaign may not successfully fund.
• The project timeline may have to be extended.
• The creators may request additional funds.
• The project may never be fulfilled.
• You get to support a small business.
• You get first access to the rewards.
• You get a chance to receive stretch goals or add-ons.

What Cannot be a Kickstarter project?

Any item claiming to diagnose, cure, treat, or prevent an illness or condition (whether via a device, app, book, nutritional supplement, or other means). Contests, coupons, gambling, and raffles. Energy food and drinks. Offensive material (e.g., hate speech, encouraging violence against others, etc).

Is Kickstarter safe for credit cards?

Our payments partner, Stripe, meets and exceeds the most stringent industry standards for security. You can learn more about the technical details of Stripe’s secure infrastructure here. Kickstarter does not store full credit card numbers – only the last four digits and expiration date.

What are the pros and cons of Kickstarter?

The Pros and Cons of Raising Money on Kickstarter to Launch Your Business

• Pro: Get Cash Fast.
• Pro: Keep Control of Your Business.
• Pro: Create a Community of Support for a Business.
• Pro: A Chance to Sharpen Your Brand’s Message.
• Con: Not Everyone Understands Crowdfunding.
• Con: Be Ready for Lots of Emails.

Does kickstart give money back?

Kickstarter is not a store and we do not issue refunds. When you back a project, you’re supporting a creator’s right to try to make something new—and agreeing to go along for the ride. For more information, please read our Terms of Use.

Is a Kickstarter pledge a one time payment?

When pledges are listed as a “recurring” charge on a statement, this is because on Kickstarter, credit cards are not charged until a later date. You will only be charged once for your pledge.

Can I use PayPal with Kickstarter?

We do not currently support PayPal as a payment or account set up method. In order to pledge towards a project on Kickstarter, backers must enter a valid credit or debit card onto our site.

What are the dangers of using Kickstarter?

What is the downside to Kickstarter?

Con: Not Everyone Understands Crowdfunding Kickstarter has an all-or-nothing policy in regards to fundraising: if you do not meet your goal, your backers do not pay the money they pledged for the campaign.