Yes, Indiegogo does charge a fee in order to facilitate the crowdfunding and marketplace. They charge a 5% platform fee, credit card and payment processing fees, and additional optional fee per the list below.
1. Indiegogo Platform Fee: 5% of funds raised
2. Payment Processing Fees: Stripe (Credit/Debit Cards) 2.9% + 30¢ per charge and PayPal (US Dollar only) 2.9% + 30¢ per charge
3. USD Cash Collection and Non-US Cash Collection Fees (Payments sent via ACH): Payment Receiver Sets the Fee
3a. USD Cash Collection Fee: 3.50% + 15¢ per charge
3b. Non-USD Cash Collection Fee: 4.50% + 15¢ per charge
4. Cross-Border Wire Transfer Fees (Payments sent via Bank Wire): Payment Receiver Sets the Fee
5. Recommended Services Fee: Marketplace and optional services (i.e. marketing, audits, campaign advice and more)
In addition to the above fees, Indiegogo may add applicable VAT and / or GST charges based on the recipient’s country of residence.
The fees collected by Indiegogo help to fund the platform and provide great customer service for both backers and fundraisers.
What percentage does Indiegogo take?
Indiegogo charges a platform fee of 5% in addition to payment processing fees that vary by country. Because international payment processing fees vary based on the country of origin of the campaign owner, the fee can be anywhere from 3-5%, depending on the country.
Overall, most campaigners can expect to pay 8-10% in total fees to crowdfunding on the Indiegogo platform. However, the fees apply only when successful funds are collected. There is no fee if the goal is not achieved.
Can Indiegogo be trusted?
Yes, Indiegogo can be trusted. Founded in 2008, Indiegogo is among the world-renowned crowdfunding platforms that are certified, regulated, and secure. Their platform is available in nearly 200 countries and regions across the world, and their Trust & Safety team works hard to ensure all their customers have a safe and secure experience.
All of their payments are processed through Stripe and are protected by a fraud detection system. Additionally, all funds are held in escrow until the project creator reaches its set goal and funds are released securely and safely.
Furthermore, Indiegogo offers an “InDemand” feature that lets successful campaigners raise money after their campaign is complete. This further demonstrates their commitment to protecting their customers as unsuccessful campaigners do not have to worry about paying any fees.
All in all, you can trust Indiegogo to provide security, transparency and a safe environment for you to raise or contribute funds.
Which is better GoFundMe or Indiegogo?
The answer to this question depends on the specific purpose of the fundraising campaign.
GoFundMe is more popular due to its ease of use and wide accessibility. It also provides individuals and groups with an intuitive, simple platform that allows users to create and share donation pages quickly.
Additionally, GoFundMe doesn’t require any minimum funding goal and has no all-or-nothing policy like some other crowdfunding sites. Compared to Indiegogo, GoFundMe also has a larger reach with potential donors in 196 countries.
However, it does come with higher fees on donations compared to Indiegogo, including a 5% platform fee, 2. 9% payment processing fee, and sometimes a 30 cent fee per donation. GoFundMe only offers donations from the public, without other fundraising options.
Indiegogo is a good choice for product launches, as it offers an option to pre-sell your product. It also has flexible funding – even if you don’t meet your goal, you still keep the money that you’ve raised.
And for most projects, Indiegogo charges lower fees than GoFundMe. For instance, it charges 5% platform fee, 3% payment processing fee, and no additional cost per donation.
At the end of the day, it comes down to the purpose of the campaign. If you’re willing to put in that extra bit of effort, Indiegogo can be a great choice. Otherwise, GoFundMe offers an easy way to get started with online fundraising and has a wider reach.
Are you guaranteed product from Indiegogo?
No, you are not guaranteed product from Indiegogo. While the majority of projects on Indiegogo are successful and fulfill their promises, unfortunately, some don’t. Unfortunately, any contribution made to a crowdfunding campaign is not a purchase; it is a donation to a project that may or may not succeed.
Therefore, unfortunately, there is an inherent risk when making a contribution—no matter how much due diligence and research is done. Indiegogo does have a refund policy which provides that individuals may be eligible for a refund if, for example, a campaign does not deliver on its promises and has not made any progress more than 90 calendar days after the designated funding deadline.
Ultimately, however, whether a refund will be granted is dependent on the discretion of Indiegogo.
Why is Kickstarter better than Indiegogo?
Kickstarter is better than Indiegogo because of its stringent internal rules that create a trusted platform for creators to develop and launch projects. The way Kickstarter works is project creators must submit their ideas to the company, and if they are approved they can launch their campaign.
Project creators then have to meet certain goals, like a certain number of backers or a certain dollar amount in funding, during the campaign, or they don’t receive the funds. This helps add to the trust of the platform, as backers know that the project creator has to meet the goal before the money is received.
In addition to the trust factor, Kickstarter campaigns also tend to be more successful. The platform offers a built-in base of loyal backers looking for the next big thing. It also has more tools and features than Indiegogo does, allowing project creators to more finely target their campaigns.
It also offers more transparency for backers, allowing them to see what similar projects have been funded in the past.
Overall, Kickstarter is the more reliable and successful choice for backers and project creators looking to fund a project. It is a trusted platform with tight regulations and a built-in audience of passionate supporters which can lead to more successful campaigns.
How successful is Indiegogo?
Indiegogo has been very successful in providing a platform for creators to bring their projects to life. Over its 12-year history, Indiegogo has helped creatives raise over $1 billion to bring projects to life, creating jobs and helping people realize their visions.
Indiegogo provides the tools necessary to create a great campaign and make things easier for people to fund what matters to them. It offers flexible funding, which allows projects to remain live for a longer period of time and receive funds even after reaching a funding goal.
It also offers a wide range of services, from marketing support to help entrepreneurs increase their campaign visibility and funds and more robust analytics.
Projects on Indiegogo have produced some amazing results. For example, one Indiegogo project raised more than $1. 2 million to 3D print houses for third world communities. Another Indiegogo project raised over $800,000 to create virtual reality goggles to augment reality.
The global reach that Indiegogo provides means anyone in the world can have access to the same high-end technology that once was only available to the wealthy.
Overall, Indiegogo has been highly successful in its mission to empower anyone to bring their passions to life. The company continues to improve its platform and services to better serve its customers and the global entrepreneurial community.
What is prohibited on Indiegogo?
e. soliciting of donations or gifts as opposed to offering products or services in exchange for funds). Additionally, content that is hateful, pornographic, or exploitative, or that promotes discrimination or violence, is strictly prohibited and will result in an immediate suspension of your campaign.
Is Indiegogo a US company?
Yes, Indiegogo is a US company. Founded in 2008 by businessman Slava Rubin, Danae Ringalman, and Eric Schell, Indiegogo is based out of San Francisco, California. It is a crowdfunding platform that allows entrepreneurs, artists, and other innovators to raise funds in support of their projects.
It is one of the most popular crowdfunding sites in the world, and has successfully funded over 800,000 projects, raising nearly $1 billion dollars for enrepreneurs and other projects. It is also the original crowdfunding site, offering services before platforms such as Kickstarter came on the scene.
Can you lose money on Indiegogo?
Yes, it is possible to lose money on Indiegogo. For instance, if you create a campaign and are unsuccessful in reaching your funding goals, then you may not receive any money. This applies to all types of campaigns, including flexible funding campaigns.
Additionally, if a supporter fails to deliver on their commitments, such as not sending their payment or providing key resources, then you could end up losing out. Furthermore, if you create a participating ownership campaign and fail to obtain the necessary securities licenses, you may face fines or penalties, again resulting in a loss of money.
Ultimately, while Indiegogo provides an easy, accessible platform to fund projects, it’s important to be mindful of the risks and understand how to protect yourself and your investments.
Do you need a bank account for Indiegogo?
No, you do not need a bank account for Indiegogo, as the site allows for products to be purchased via PayPal, credit, and debit cards. Additionally, you are also able to set up a Stripe, ApplePay, and WeChatPay account in order to process payments.
With these options, you’re able to receive payments from customers directly rather than setting up a bank account to receive funds. This is especially convenient for those who are new to fundraising and don’t have an existing checking account or those who don’t want to use a bank account to manage their business finances.
Furthermore, having a third party processor also provides a layer of security so that you and your customers can feel safe in knowing that their financial information is secure and protected.
How do I pay on Indiegogo?
Paying on Indiegogo is easy, and there are several options for you to choose from.
If you’re contributing to a campaign, you can pay via credit/debit card, PayPal, or Apple/Google Pay. Your payment information is securely processed, and passed along to the campaign owner. Alternatively, if you’re purchasing a product, you may be able to pay via EDreams, Stripe (relaunching soon), Afterpay, or Amazon Pay (U.
If you have a bank account, you can also set up and use ACH direct debit payments (U. S. only), faster payments (UK only), or a German bank transfer. Bank transfers will take a few days to process. Bank accounts set up through Indiegogo’s payment processor, Stripe, will be routed through U.
S. dollar accounts.
For some campaigns, you may pay with cryptocurrencies, depending on the campaign type, location, and any other requirements set by the campaign owner. Crypto payments are not mandatory on Indiegogo and you may pay directly with a payment card or by bank transfer instead.
Depending on the campaign and payment option you select, your payment may be subject to additional fees, including processing fees, or currency exchange fees. You will always get a chance to review your order and the payment prior to you being charged.
If you have any questions or need further assistance with making a payment, please contact Indiegogo Support directly.
What are the benefits of choosing Indiegogo?
Indiegogo is an online platform that allows entrepreneurs and businesses of all sizes to launch and fund their projects, products, inventions, and causes. Having been a leading platform in crowdfunding for almost a decade, the platform offers several advantages to its users.
First, Indiegogo is flexible in terms of the type of campaigns that it allows; it supports various causes, such as charities and social enterprises, as well as businesses launching products and inventions.
This flexibility ensures that anyone with an innovative project can get the funds they need to make it happen.
Second, Indiegogo also offers tailored services for campaigns and entrepreneurs. For example, the platform offers an InDemand feature that allows entrepreneurs to directly access buyers and resellers after their campaigns have ended.
Third, Indiegogo also provides a suite of helpful resources, including educational materials and a dedicated support team, which makes the process of launching and funding campaigns straightforward. Furthermore, the platform pledges to fully reimburse campaigns that fail to meet their minimum funding goals.
Finally, Indiegogo has a wide and ever-growing, engaged community of users; the platform allows users to share their projects with this community and raise awareness by leveraging the platform’s broad reach.
All in all, Indiegogo is an ideal platform for entrepreneurs and businesses to use to fund their campaigns, products, inventions, and causes, with flexibility, tailored services, helpful resources, and wide outreach.
What do you need to qualify for Indiegogo?
In order to qualify for Indiegogo, you must meet the platform’s eligibility requirements. Generally, you should be at least 18 years old and located in a country where Indiegogo operates. In addition, you should be able to show proof that you own the intellectual property rights to your project.
Furthermore, successful campaigners must also be able to provide a clear and legal purpose for their campaign. Lastly, Indiegogo prohibits campaigns that incorporate illegal, heavily regulated, or unethical goods, services, or activities.
If your campaign falls into one of these categories, then you may not qualify to use the Indiegogo platform.
What is Indiegogo payment?
Indiegogo Payment is an online payment platform used to purchase goods and services from campaigns and businesses on the Indiegogo platform. It is offered as both a paid and free service to anyone with an account on Indiegogo.
Through this payment platform, users can make secure payments with a credit card or bank account. Payments made with Indiegogo Payment are encrypted and processed by world-class payment gateway technology.
All major credit cards, as well as local payment methods, are accepted.
Indiegogo Payment is a great way to safely and securely support campaigns, businesses, and entrepreneurs that you really care about. It’s also a great way to get access to exclusive perks and rewards on the Indiegogo platform.
To use Indiegogo Payment, you simply add your credit card or bank account information to your Indiegogo account during checkout. Once you’ve selected your payment option, Indiegogo Payment processes your payment, allowing the recipient to quickly and securely receive the funds.