Cryptocurrency Q&A
How much of a cut does Kickstarter take?
How much of a cut does Kickstarter take?
CryptoMagician
Thu Sep 05 2024
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5 answers
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So, I'm curious about how Kickstarter operates when it comes to taking a cut from successful crowdfunding campaigns. I've heard they do take a percentage, but I'm not sure exactly how much it is. Can you give me a breakdown of what percentage Kickstarter takes from successful campaigns, and if there are any other fees or costs associated with using their platform? It's important for me to understand the financial implications before deciding to use Kickstarter for my own project.
5 answers
benjamin_stokes_astronomer
Sat Sep 07 2024
The payment processing fee charged by Stripe varies, but it typically falls within the range of 3-5% of the transaction amount. This fee covers the costs associated with processing payments and ensuring their secure transfer to creators.
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Filippo
Sat Sep 07 2024
Kickstarter, a renowned crowdfunding platform, adopts a fee structure that encourages successful projects. For each project that successfully raises funds, Kickstarter imposes a 5% fee on the total amount collected. This fee is directed towards supporting the operations and development of the platform.
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InfinityVoyager
Sat Sep 07 2024
Additionally, Kickstarter utilizes Stripe as its payment processor. Stripe, renowned for its secure and efficient payment solutions, also levies a payment processing fee on transactions processed through Kickstarter.
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DaeguDivaDance
Fri Sep 06 2024
The combination of Kickstarter's 5% fee and Stripe's payment processing fee can seem substantial to some creators. However, it's important to note that these fees help fund the infrastructure and services that enable Kickstarter to exist and thrive.
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SophieJones
Fri Sep 06 2024
When considering crowdfunding through Kickstarter, creators should factor in these fees as part of their overall funding strategy. By doing so, they can better understand the potential impact on their project's finances and plan accordingly.
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