Indiegogo Changes The Rules

Contributors to fixed crowdfunding campaigns on Indiegogo should be aware that the web portal will now charge your credit card immediately upon pledging “not at the end of the campaign. With this integration, backers’ payment information is secure and entrepreneurs know exactly how much money they’ll receive at the end of their campaign.”

Unlike Kickstarter, where a target has to be hit before your payment is processed, Indiegogo believes that this “advance” will help crowdfunders eliminate “leakage” where the cards are rejected at the end of a campaign. So, the target no longer matters as the campaign can keep whatever they raise.
https://go.indiegogo.com/blog/2016/10/indiegogo-now-supports-credit-cards-fixed-funding-campaigns.html?utm_source=facebook&utm_medium=socialmediaowned&utm_campaign=fixedfunding_iggmediasource&utm_content=blog

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About JeffKoeppel

I am a corporate/securities attorney in the Washington, DC area. Prior to joining the firm, I was a Senior Attorney Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission. I am a member of the Bars of the States of Maryland, New York and the District of Columbia. You can also follow this blog on LinkedIn at: http://www.linkedin.com/pub/jeffrey-a-koeppel/0/63/5a9
This entry was posted in accredited investor, checkbook, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, deposits, Film, Funding Portals, Investments, Jobs, Legislative Intent, technology, VC, Venture Capital, Wall Street and tagged , , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

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