Is Kickstarter a legitimate company?
Kickstarter has a consumer rating of 1.84 stars from 168 reviews indicating that most customers are generally dissatisfied with their purchases. Consumers complaining about Kickstarter most frequently mention customer service, project creators and credit card problems. Kickstarter ranks 23rd among Crowd Funding sites.
Do I get my money back if Kickstarter fails?
Kickstarter is not a store and we do not issue refunds. When you back a project, you’re supporting a creator’s right to try to make something new—and agreeing to go along for the ride.
What fees are paid to Kickstarter and who pays them?
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.
Does Kickstarter conduct a credit check?
When the company reviews submissions, it does so to make sure that the project meets the company’s “Project Guidelines,” but it does not do an extensive background check into the creditworthiness of the project’s creators — or their ability to complete the project.
Is Kickstarter a safe website?
Kickstarter is responsible for providing a safe and reliable platform for our users. This includes creating clear rules for creators and backers who use Kickstarter, and monitoring our site for compliance with those rules.
What do I do if I get scammed on Kickstarter?
To report a backer, head to the bottom of the project page and click “Report this project to Kickstarter”. This will provide you with the option to “Report spam or abusive behavior”. If you are the project creator, you can report a backer by clicking the “Report” button on the backer’s comment.
What are the risks of Kickstarter?
Risks of Kickstarter
- The campaign may not successfully fund.
- The project timeline may have to be extended.
- The creators may request additional funds.
- The project may never be fulfilled.
- You get to support a small business.
- You get first access to the rewards.
- You get a chance to receive stretch goals or add-ons.
Does it cost anything to start a Kickstarter?
We only charge our 5% fee on successfully funded projects, in addition to any fees from our payment partners. Creating an account on Kickstarter is free. If you create a project that reaches its funding goal, we collect a 5% fee and our payment partners collect fees.
Do you have to pay taxes on Kickstarter money?
While Kickstarter isn’t exactly a store, funds generated from Kickstarter campaigns are seen by the government as taxable income. We’ll get into specifics later on, but for now, know that you’ll need to pay both income tax and, in most cases, sales tax on any funds you receive.
Is Kickstarter safe for credit cards?
Our payments partner, Stripe, meets and exceeds the most stringent industry standards for security. You can learn more about the technical details of Stripe’s secure infrastructure here. Kickstarter does not store full credit card numbers – only the last four digits and expiration date.
Is Kickstarter safe credit card?
How do I report a scammer on Kickstarter?
Should I back a Kickstarter?
Kickstarter projects do fail, and when they do, you’re unlikely to get your money back. Some developers might send out refunds, but often by the time they realize their project vision was too big, your money has long been spent. It’s a common refrain that Kickstarter isn’t a store, and it’s good to remember that.
Is Kickstarter a good idea?
Kickstarter can be a great platform for startups and small businesses in need of funding. Not only can you get the money you need to grow your company (without incurring debt or giving up equity), but you can also expand your customer base. But this definitely is not a “get rich quick” strategy.
How long does it take to get paid from Kickstarter?
For successful projects, the funds will be sent 14 days after the project’s deadline, to the bank account originally linked to the project. Depending on your financial institution, it could take an additional 3-14 business days from this point for the funds to appear in your account.
How do I report a Kickstarter on my taxes?
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.
Is it safe to use debit card on Kickstarter?
Does Kickstarter take debit?
To pledge to a project you can use a debit or credit card associated with Visa, Discover, JCB, MasterCard, UnionPay, or American Express. Discover, UnionPay, and JCB cards are currently only accepted for US-based projects. We do not currently accept Maestro or Visa Electron cards.
How do I know if crowdfunding is legit?
Fake campaigns are often scant of detail, are not updated and often contain limited or library photos. If the page looks impersonal then question it. There may be no real person behind the campaign at all.