Do you have to pay back Kickstarter backers?

If people like the project, they can pledge money to make it happen. If the project succeeds in reaching its funding goal, all backers’ credit cards are charged when time expires. Funding on Kickstarter is all-or-nothing. If the project falls short of its funding goal, no one is charged.

What is the benefit of Kickstarter?

Kickstarter staff review project submissions and suggest modifications before publishing. They try their best to improve the overall quality of pitches, which leads to more valuable content on the site. Project creators keep 100% ownership of their work, which is important for creative pursuits.

Is Kickstarter safe to use?

Never give money to kickstarter unless you’re fine with the thought that you will never get anything for it. Kickstarter itself is as safe as any other company, but whether or not you get a product is not up to kickstarter at all, they just responsible for the hub and handle the money part..

Is there a minimum credit score for Kickstarter?

It has a relaxed credit score requirement, and there’s no fee for using the service.

Is Kickstarter real?

Kickstarter is a scam. They do not independently verify that Creators on their platform actually exist or are real human beings.

How do you find a Kickstarter project?

Every project that launches on Kickstarter can be found in the Recently Launched section. Your project will also appear in the Popular section of its corresponding category and subcategory, as well as the Currently Funding section of your city.

How does Kickstarter make money?

Kickstarter makes money by taking 5% of the total amount of money that is funded on the site. 1 It uses this money to turn a profit that pays for the costs of running the site, including advertisement and employee payment. Those who use Kickstarter to raise money earn their profits differently, however.

How long is a Kickstarter campaign?

Projects on Kickstarter can last anywhere from 1 – 60 days. We’ve done some research, and found that projects lasting any longer are rarely successful. We recommend setting your campaign at 30 days or less.

What is the best month to launch a Kickstarter project?

Success rates (on average) are significantly lower if you launch your campaign during the months of July or August and significantly higher if you launch your project during the months of January, February or April.