Kickstarter is adding the ability to collect money indefinitely

Currently, Kickstarter projects can last anywhere from one to 60 days, and creators hoping to continue fundraising after meeting their goal have had to go off-platform to keep raising money.

The new late pledge feature will allow crowdfunding campaigns to collect money indefinitely if the creator chooses. Late pledges could also be helpful for fans who learn about projects after the fundraising window has closed but want to support the creator. Creators who are offering something in exchange for a certain level of monetary support — a digital download of an album or physical items, for example — will need to end late pledges for that tier as they begin fulfillment. Kickstarter says it recommends ending late pledges if the campaign hasn’t received a new pledge in 30 days.

Other crowdfunding platforms have tried similar funding models. Indiegogo introduced a “forever funding” model nearly a decade ago, allowing creators to continue collecting money past a campaign’s end date. Now, Indiegogo campaigns automatically continue collecting funds after the campaign closes, with creators getting disbursements each month as money keeps trickling in. (Some creators who began on Kickstarter eventually moved to Indiegogo so they could keep raising money to sustain their work.)

The company says it is testing late pledges with a small number of users, with a wider rollout to all creators in the next few months. Once a creator turns off late pledges, they won’t be able to revert back.


Source link

We use cookies to give you the best online experience. By agreeing you accept the use of cookies in accordance with our cookie policy.

Close Popup
Privacy Settings saved!
Privacy Settings

When you visit any web site, it may store or retrieve information on your browser, mostly in the form of cookies. Control your personal Cookie Services here.

These cookies are necessary for the website to function and cannot be switched off in our systems.

Technical Cookies
In order to use this website we use the following technically required cookies
  • wordpress_test_cookie
  • wordpress_logged_in_
  • wordpress_sec

WooCommerce
We use WooCommerce as a shopping system. For cart and order processing 2 cookies will be stored. This cookies are strictly necessary and can not be turned off.
  • woocommerce_cart_hash
  • woocommerce_items_in_cart

Decline all Services
Save
Accept all Services
Open Privacy settings