Can you sue a Kickstarter campaign?
Yet Kickstarter itself continues to disclaim any personal liability for failed campaigns. Like many crowdfunding platforms, Kickstarter views itself as a neutral third-party platform that is not a party to any contract formed between a campaign and donor.
Do you have to pay back Kickstarter backers?
Funding on Kickstarter is all-or-nothing. If the project falls short of its funding goal, no one is charged. If a project is successfully funded, Kickstarter applies a 5\% fee to the funds collected. And Kickstarter cannot be used to offer financial returns or equity, or to solicit loans.
How secure is Kickstarter?
Our payments partner, Stripe, meets and exceeds the most stringent industry standards for security.
How do backers make money on Kickstarter?
Kickstarter makes money by taking 5\% of the total amount of money that is funded on the site. 1 It uses this money to turn a profit that pays for the costs of running the site, including advertisement and employee payment. Those who use Kickstarter to raise money earn their profits differently, however.
What are backers on Kickstarter?
Backers are folks who pledge money to join creators in bringing projects to life. Kickstarter is not a store, backers support a creative process. Rewards are a creator’s chance to share a piece of their project with their backer community.
Does every creative project on Kickstarter go perfectly?
The number of creative projects that have been funded and produced on Kickstarter in the past three years is enormous. Many could not exist otherwise. But of course not every project goes perfectly. Delays do occur, especially with more complicated projects. Some creators get in over their heads dealing with processes that are new to them.
Does kickkickstarter investigate a creator’s ability to complete a project?
Kickstarter does not investigate a creator’s ability to complete their project. Backers ultimately decide the validity and worthiness of a project by whether they decide to fund it. Who is responsible for completing a project as promised? It’s the project creator’s responsibility to complete their project.
How has Kickstarter changed to improve accountability and fulfillment?
As Kickstarter has grown, we’ve made changes to improve accountability and fulfillment. In August 2011 we began requiring creators to list an “Estimated Delivery Date” for all rewards. This was done to make creators think hard about when they could deliver, and to underline that Kickstarter is not a traditional shopping experience.
Is Kickstarter a safe bet?
A Kickstarter where every project is guaranteed would be the same safe bets and retreads we see everywhere else. The fact that Kickstarter allows creators to take risks and attempt to create something ambitious is a feature, not a bug. What is Kickstarter doing about fulfillment?