What are the transaction costs if you need to do 3 transactions? 1. Get the refund bonuses from the producer 2. Get the pledges from funders 3. Return the pledges + bonus if it doesn’t work out
Also, will PayPal allow this type of money sending?
Congrats on getting funded way above your threshold!
I think it’s about 10%, but I’ll need more experience to see how much it actually works out on average. For comparison, I think normal crowdfunding has about 5-8% fees, but only if you succeed.
What are the transaction costs if you need to do 3 transactions?
1. Get the refund bonuses from the producer
2. Get the pledges from funders
3. Return the pledges + bonus if it doesn’t work out
Also, will PayPal allow this type of money sending?
Congrats on getting funded way above your threshold!
I think it’s about 10%, but I’ll need more experience to see how much it actually works out on average. For comparison, I think normal crowdfunding has about 5-8% fees, but only if you succeed.