Mastering Kickstarter: A Step-by-Step Guide to Collecting Your Crowdfunding Money

Have you recently launched a Kickstarter campaign and are now wondering how to collect Kickstarter money? You’re not alone. Many creators find themselves at this critical juncture, ready to bring their projects to life but uncertain about the financial logistics. In this article, we’ll guide you through the process of collecting your hard-earned funds and setting the stage for your project’s success.

Understanding Kickstarter’s Funding Model

Kickstarter operates on an all-or-nothing funding model. This means that you must reach your funding goal within the campaign’s timeframe to collect the pledges from your backers. If your campaign falls short, no money changes hands, and backers are not charged.

Reaching Your Funding Goal

Once your campaign successfully reaches its funding goal, Kickstarter will begin the process of collecting money from your backers. This involves charging their credit cards and transferring the funds to your account. It’s important to note that Kickstarter takes a 5% fee from the total amount collected, and payment processing fees will also apply.

Setting Up Your Account for Payment

To collect your Kickstarter money, you’ll need to set up an account with Stripe, Kickstarter’s payment processing partner. You’ll be prompted to provide your bank account details and verify your identity. Ensure that all information is accurate to avoid any delays in receiving your funds.

Waiting Period

After your campaign ends, there’s a 14-day waiting period before funds are available. This allows time for any necessary processing and for backers to resolve any payment issues that may arise.

Transferring Funds to Your Bank Account

Once the waiting period is over and the funds are cleared, you can transfer your Kickstarter money to your bank account. This process typically takes a few business days, so plan accordingly.

Post-Campaign Communication

Communicating with your backers is crucial throughout this process. Keep them informed about the status of the fund collection and your project’s progress. Transparency builds trust and can lead to successful future campaigns.

Managing Your Kickstarter Funds

After collecting your Kickstarter money, it’s essential to manage it wisely. Budget for production, shipping, taxes, and unexpected expenses to ensure your project’s completion. If you’re creating a board game, consider reading our article on The Titans of Tabletop: Exploring the Biggest Board Games Companies for industry insights.

For more detailed information on Kickstarter’s payment process, visit their official guide.

Remember, successful crowdfunding is just the beginning. Once you’ve collected your Kickstarter money, the real work begins in bringing your vision to life. And if you’re in the business of creating board games, our company specializes in manufacturing board games for third parties, ensuring your project is in expert hands.