What fees does Kickstarter charge?

What fees does Kickstarter charge?

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.

How much is the average Kickstarter campaign?

That said, a usual Kickstarter campaign reaches much humbler numbers. According to these statistics, an average successful project raises from $10,000 to $23,000.

Does Kickstarter keep your money?

Creators will still receive the balance of collected funds, less fees, even if the final amount falls below your project’s funding goal due to dropped pledges. Kickstarter will only collect fees on the funds that we are able to successfully collect.

What are Indiegogo’s fees?

Indiegogo charges a five percent (5%) platform fee on all funds raised for your campaign. Fees are calculated and deducted from the funds you actually raise (not the goal you set). Our payment processor also charges a processing fee that varies according to your location and currency.

How is Kickstarter money taxed?

In general, in the US, funds raised on Kickstarter are considered income. In general, a creator can offset the income from their Kickstarter project with deductible expenses that are related to the project and accounted for in the same tax year.

How often do Kickstarter projects fail?

around 1-in-10 projects
“Project backers should expect a failure rate of around 1-in-10 projects, and to receive a refund 13% of the time.

Is it hard to raise money on Kickstarter?

Among all projects, about 36.6% succeed in meeting their goal, and 63% fail. But these rates vary widely by category. Four categories — theater (60%), comics (57%), music (50%), and art (42%) — far outpace the average success rate, while tech (20%) lags far behind it.

What percentage does Crowdfunder?

See how we compare on price

What happens if a Kickstarter doesn’t get funded?

Funding on Kickstarter is all or nothing. That means if you don’t reach your funding goal within the designated timeline, you won’t receive any of the funds that were pledged to your project. Kickstarter views this as a benefit – oftentimes backers still expect full results on a project even if it isn’t fully funded.

What percent of kickstarters are successful?

As of April 2022, the success rate of fully funding a project on the crowdfunding website was 39.66 percent. Overall, 6.57 billion U.S. dollars have gone into successfully launched projects.

What are the dangers 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.