Probably the biggest difference between the two platforms is their approach to money and when you get it. Kickstarter releases funds only after the campaign reaches its funding goal.
Indiegogo provides you with an opportunity to choose between receiving funding as it comes
in, or waiting to see if you hit your target.
What is Kickstarter and how does it work?
Kickstarter is
a funding platform for creative projects
. … Every project creator sets their project’s funding goal and deadline. 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.
What is Indiegogo used for?
The site is one of the first sites to offer
crowd funding
. Indiegogo allows people to solicit funds for an idea, charity, or start-up business.
What is the difference between GoFundMe and Indiegogo?
GoFundMe: a crowdfunding platform designed for individuals and personal causes.
No all or nothing requirement and reasonable fees
. Indiegogo: a unique platform that accommodates many, diverse campaigns. No all or nothing requirement, but fees can be higher.
What is Kickstarter Canada?
Kickstarter
exists to help bring creative projects to life
.
We believe that art and creative expression are essential to a healthy and vibrant society, and the space to create requires protection. Read about our mission.
Can you lose money on Kickstarter?
Kickstarter operates on a All or Nothing Model, which means if you meet your funding goal, you get all your money. … During the duration of the goal, no money is deducted from backers, so
no one loses money
. It’s only after the campaign goal is met that money is deducted from backers.
Do you pay taxes on Kickstarter money?
Crowdfunding
income must be reported on your tax returns
Crowdfunded money received as a gift is usually not considered taxable income. When you file your taxes, you should be reporting all of the income you made through your Kickstarter or Indiegogo projects for the year.
Can you lose money on Indiegogo?
Indiegogo is
the only crowdfunding platform where you have the option to keep all your funds even
when your campaign does not reach its goal.
What is the success rate of Indiegogo?
If you have a good product and know what you’re doing, you are set up for success. Indiegogo, on the other hand, has around a
9% success rate
.
Which countries are eligible for Indiegogo?
Campaign creation is currently available to individuals in
the US, UK, Canada, Australia, Hong Kong (China campaigns may be eligible)
, Austria, Belgium, Cyprus, Estonia, Germany, Greece, Finland, France, Republic of Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Norway, Poland, Portugal, Singapore, Slovakia, …
How much does GoFundMe cost?
1. Free: there is a 0% platform fee and only an industry
-standard payment processing fee of 1.9% + $0.30 per donation
. Donors have the option to tip GoFundMe Charity to support our business. If a charity receives a donation of $100, they will net $97.80.
What happens to GoFundMe money if goal isn’t reached?
What if I don’t reach my goal? …
Reaching your goal is not required
. With GoFundMe, you keep each and every donation you receive. Your campaign will be able to accept donations even after your goal is reached.
Which is better GoFundMe or fundly?
Charging a platform fee is how crowdfunding websites make money. With that money, the crowdfunding website can create better features, improve the support team, and so much more. …
Fundly
has the next lowest platform fee of 4.9%. GoFundMe, Kickstarter, and Indiegogo all charge a 5% platform fee.
Is Kickstarter a good idea?
And unlike a business loan, the money you raise on
Kickstarter is completely yours to keep
. Kickstarter can be an excellent platform for small business owners with an interesting project and compelling story to share. However, it certainly isn’t as easy as creating a Kickstarter account and seeing the money pour in.
How does Kickstarter make money?
Kickstarter makes money
by taking 5% of the total amount of money that is funded on the site
. … Those who want to be funded get a group of backers to donate to their project and then promise the backers with an incentive or reward.
How much money does Kickstarter take?
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.
