Strongly not recommended
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Indiegogo is a global crowdfunding platform that helps people around the world finance projects that are important to them. The San Francisco-based company is the largest global crowdfunding platform. It has helped launch campaigns from 224 countries all over the world. It distributes millions of dollars every week in contributions throughout its community of over 15 million people.
The company was founded in 2008 and has become a leading crowdfunding platform for inventors, entrepreneurs, artists and charities. It is a BBB accredited business with an A+ rating.
How Does Indiegogo Work?
Indiegogo makes it easy to start a campaign from anywhere in the world with an internet connection. The minimum amount you can raise is $500. Users must either create a new account or link their Facebook account.
How Much Does Idiegogo Charge In Fees and Commissions?
Creating a campaign is free and so is contributing toward a campaign (as long as you use a debit card and not a credit card). If your campaign raises the target amount, Indiegogo charges a 5% fee. If you don’t reach your goal, Indiegogo still charges a 5% and will refund contributors their donations (not including transaction fees)
Although Indiegogo does not charge any fees to contributors that use a debit card, there are exchange rates and charges to consider and a 3% plus 30 cents fee for credit cards. Paypal transaction have a 3-5% fee. Once your funds are deposited in your account, you will be charged a $25 wire fee.
How Is Indiegogo Better Than Other Crowdfunding Companies?
- Indiegogo has a low campaign minimum: just $500.
- It’s a large crowdfunding platform that accepts campaigns from all over the world.
- It doesn’t charge contributors a fee for debit cards.
- It has a large community of over 15 million people.
- Low fees of only 5%