Do Kickstarter backers get equity?

Backers that support a project on Kickstarter get an inside look at the creative process, and help that project come to life. Project creators keep 100\% ownership of their work, and Kickstarter cannot be used to offer equity, financial returns, or to solicit loans.

Are Kickstarter donations tax deductible?

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.

Can you chargeback Kickstarter?

It’s a form of consumer protection called a chargeback: if a charge was fraudulent, made in error, or a store sends you a defective item, you can ask your card issuer to have the payment reversed. All chargebacks are reported directly to Kickstarter’s Trust & Safety team.

What is the most money raised on Kickstarter?

In March 2015, Pebble’s second smartwatch project completed its crowdfunding and publicity run with 20.34 billion dollars raised in Kickstarter pre-order funding, becoming the most successful Kickstarter project as of July 2021 .

Can you get your money back from crowdfunding?

If you are providing money through Donation Crowdfunding: You will not get a financial payback – but you will be helping someone. and in return, once you develop a product or meet some threshold, you give the person your product (usually equal or above their initial funds). Exchange Crowdfunding is not regulated.

How does funding on Kickstarter work?

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. Funding on Kickstarter is all-or-nothing.

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.

What is a back Backer on Kickstarter?

Backers that support a project on Kickstarter get an inside look at the creative process, and help that project come to life. They also get to choose from a variety of unique rewards offered by the project creator.

Can I get a refund from Kickstarter?

No. Kickstarter doesn’t issue refunds, as transactions are between backers and the creator. In fact, Kickstarter never has the funds at all. When a project is successfully funded, money is transferred directly from backers’ credit cards to the project creator’s Amazon Payments account.