Cryptocurrency Q&A
Do you pay if a Kickstarter fails?
Do you pay if a Kickstarter fails?
Paolo
Fri Sep 06 2024
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5 answers
1309
As a curious investor, I'm wondering about the financial implications of backing a Kickstarter project that ultimately doesn't succeed. Specifically, I'm asking, "Do you pay if a Kickstarter fails?" I understand that the platform is all about supporting creative endeavors and taking risks, but I'm keen to know if there's any financial obligation on my end if the project doesn't meet its funding goals or encounters setbacks. Clarifying this aspect would help me make more informed decisions when considering my contributions to such initiatives.
5 answers
Enrico
Sun Sep 08 2024
One of the key concerns for creators launching a Kickstarter campaign is whether they will be charged any fees if the campaign fails to meet its funding goal.
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Daniela
Sun Sep 08 2024
Fortunately, Kickstarter has a policy in place that ensures creators are not penalized financially for unsuccessful campaigns.
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Daniele
Sat Sep 07 2024
Specifically, if a project does not reach its funding goal, the project creator will not be charged any fees by Kickstarter.
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ChristopherWilson
Sat Sep 07 2024
This means that creators can pursue their creative vision without the fear of incurring unexpected costs if their campaign falls short.
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CryptoAlchemy
Sat Sep 07 2024
In contrast, if a campaign is successful, the project creator will be charged a 5% fee on the total funds raised.
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