Kickstarter - Fund Projects

[Dolby]

Anyone used this?
How does it work?

I mean does the money sit in a separate account ; are the projects checked to be real ; if 100% is not achieved where does the money go and what does the funder get?

 

[ToxicBunny]

Anyone used this?
How does it work?

I mean does the money sit in a separate account ; are the projects checked to be real ; if 100% is not achieved where does the money go and what does the funder get?

IThe money only gets issued to the project on 100% target.. anything less and it gets returned to you.

 

[Archer]

What are the basics?

A project is a finite work with a clear goal that you’d like to bring to life. Think albums, books, or films.

The funding goal is the amount of money that a creator needs to complete their project.

Funding on Kickstarter is all-or-nothing. No one will be charged for a pledge towards a project unless it reaches its funding goal. This way, creators always have the budget they scoped out before moving forward.

A creator is the person or team behind the project idea, working to bring it to life.

Backers are folks who pledge money to join creators in bringing projects to life.

Rewards are a creator's chance to share a piece of their project with their backer community. Typically, these are one-of-a-kind experiences, limited editions, or copies of the creative work being produced.

When is my card charged?

If the project you’re backing is successfully funded, your card will be charged when the project reaches its funding deadline. If the project does not reach its funding goal, your card is never charged.

If you've backed a project that's still live and you're seeing a charge on your bank statement, it's likely a temporary authorization of funds. The time it takes for an authorization to clear depends on the bank, but typically takes 1–3 days. You won't be charged for your pledge until the project you backed has ended successfully.

Who is responsible for completing a project as promised?

It's the project creator's responsibility to complete their project. Kickstarter is not involved in the development of the projects themselves.

Kickstarter does not guarantee projects or investigate a creator's ability to complete their project. On Kickstarter, backers (you!) ultimately decide the validity and worthiness of a project by whether they decide to fund it.

https://www.kickstarter.com/help/faq/kickstarter basics?ref=nav

FAQ

Oh, and I've backed one project, dad also got himself the original pebble

 

[Dolby]

Oops! Didn't see the FAQ!

Thanks !

 

[flippakitten]

Looked into this a lot.

You need to offer something in return for funding, ie. free download, t-shirt, something like that... South African laws.
Remember SARS, they're gonna want a piece of that pie when you bring it into the country (unless you go through some hoops, which you need to do anyway).

Also, re payout, you have two options, the first is payout when you hit the full amount, the second, however much you make.
The difference is the % Kickstarter takes.

There are also a whole whack of other crowd funding sites, so have a look round for which one suites your needs the best.

 

[^^vampire^^]

Done backing for about 6 -7 games, has been worth it. But as far as I know they are under no obligation to actually deliver.