Indiegogo Review

INDIEGOGO REVIEW

"Indiegogo empowers people to make ideas happen via Reward-Based and Charity Crowdfunding"

◙ INDIEGOGO REVIEW SUMMARY

 Reward-Based Crowdfunding

√ Charity Funds Raising via Indiegogo Life

Reaching the funding goal is optional (you keep the donations of any amount)

 4% Fee for successful campaigns and 9% for unsuccessful campaigns

 Supports Cards, Bank Wire and Paypal


 

◙ SUPPORTED PROJECTS

Two Methods of Crowdfunding are supported:

  • Reward-Based Crowdfunding

Indiegogo allows users to raise funds for their favorite cause. You may raise money for Animals, Art, Comic, Community, Dance, Design, Education, Environment, Fashion, Film, Food, Gaming, Health, Music, Photography, Politics, Religion, Small Business, Sports, Technology, Theater, Transmedia, Video and Web-Writing

  • Charity

In 2014, the Indiegogo Life was launched, offering people the chance to raise money for emergencies, medical expenses, celebrations, or other life events. Indiegogo Life does not charge platform fees.


 

◙ SUPPORTED COUNTRIES / CURRENCIES

  • Indiegogo allows anyone to post a project, in over 200 countries.

 

◙ WHO IS INDIEGOGO

  • Indiegogo was founded in 2008 by Danae Ringelmann, Slava Rubin and Eric Schell and is based in San Francisco, California.
  • Indiegogo allows anyone who has an idea to raise funds in order to finance their goal. The method used is rewards-based crowdfunding, meaning donors finance a project in its early stages and receive a gift. However, Indiegogo is interested in adding also equity crowdfunding.

 

◙ INDIEGOGO COST OF SERVICES

  • Indiegogo is free to sign up, to create and to contribute to a campaign.
  • When a campaign raises funds, Indiegogo charges a 9.0% fee on the funds raised. If the goal is reached, initiators get 5.0% back. Therefore successful campaigns are charged an overall fee of 4.0%.
  • Registered nonprofits {501(c)(3)} receive a reduction of 25% in Indiegogo fees.

Table: Indiegogo Fees Overview

 CAMPAIGNS

FLEXIBLE FUNDING

FIXED FUNDING

Successful Campaigns (Goal reached)

4.0%

4.0%

Unsuccessful Campaigns (Goal not reached)

9.0% (Total)

Initiators keep what the campaign has earned.

0% -Contributors get refunded.

3rd-Party Fees

  • 3-5% for credit card or PayPal processing
  • $25 wire fee
  • Additional currency exchange fees may also apply.

 

◙ WITHDRAW FUNDS FROM INDIEGOGO

Funds can be received via various payment methods, including Paypal:

  • CREDIT CARDS

Funds raised via credit card are sent to any bank account within 15 business days after the deadline. Note that it can take 3-5 business days for funds to arrive in your bank account.

  • PAYPAL

Funds raised via PayPal are debited in a PayPal account within 15 business days after the deadline.

  • NON-PROFIT

Funds raised for verified non-profit campaigns follow the same disbursement schedule in InDemand as they do with live campaigns with one slight change: We will send a 3.75% rebate within 15 days of the campaign’s deadline to FirstGiving, and every four weeks thereafter for any new funds raised. FirstGiving disburses funds to the non-profit organization on a monthly basis.

Indiegogo InDemand

Indiegogo InDemand makes it easy to continue raising funds after your campaign deadline.


 

◙ PROJECT TIME LIMITS

INDIEGOGO applies deadlines but successfully-funded campaigns can soon stay open after the deadline

  • DEADLINES
  • SUCCESSFUL CAMPAIGNS CAN REMAIN OPEN AFTER THE DEADLINE

 

◙ OTHER FEATURES BY INDIEGOGO

Indiegogo -Telling my audience

  • Visitors will see that your campaign has ended and is still offering perks or accepting contributions.
  • Visitors will see the total funds raised while your InDemand page continues to update.
  • Visitors will be able to contribute to your campaign or select a perk.

 

CONTACT INDIEGOGO

Headquarters: San Francisco, California, USA

965 Mission Street, 6th Floor, San Francisco, CA 94103

Phone866-641-4646

Legal: This email address is being protected from spambots. You need JavaScript enabled to view it.

Campaigns: send an email to This email address is being protected from spambots. You need JavaScript enabled to view it..

WebSitewww.INDIEGOGO.com

 

◙ Indiegogo Review


 

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