How much do you charge?
We charge 0.99% for non-profit crowdfunding campaigns. We charge 1.99% for commercial campaigns. Alternatively, we charge a one-time fee of 99$ per campaign including a Press Release.
How does it work?
CrowdPress makes it very easy to raise money online for your cause. In less than a minute, you’ll be able to create your account, personalize your fundraising campaign and share it with the people in your life. With CrowdPress, the money you collect for your cause goes directly to you. There are no deadlines or limits – each donation you receive is yours to keep. Raising money for any cause, yourself or a loved one has never been easier. You can give us a call anytime from (724) 831-3743 if you have questions.
What can I raise money for?
Most people use CrowdPress to raise money for themselves, a friend or loved one during life’s important moments. This includes things like medical expenses, Events, crisis, education costs, volunteer programs, youth sports, funerals & memorials – even animals & pets. It can be any type of cause to raise money online. The possibilities are endless!
Is it safe?
Your CrowdPress campaign features the very best in secure payment encryption https technology. Not only are your donors’ online payments safe, your money is stored securely until you’re ready to request a withdrawal via electronic bank transfer.
How do I get my money?
Once your fundraising campaign begins receiving online donations, you can easily request a withdrawal at any time. Don’t worry, withdrawing money does not affect the progress on your CrowdPress campaign. Simply click the ‘Withdraw Funds’ tab from the top dropdown on the dashboard and follow the on-screen instructions. You can withdraw your balance directly to your bank account. Withdrawals typically appear in your bank 2-5 business days after they’re initiated.
How long do withdrawals take?
Most withdrawals take between 3 and 5 business days. You can choose between an electronic bank transfer or paper check delivery during the withdrawal process.
Can I raise money for a friend?
Of course! CrowdPress has created an easy way for your beneficiary to securely access the funds you have raised. Through CrowdPress, they will be given direct access to the money you have raised for them. Please note, you will not be able to enter their check or bank information during the withdrawal process, they will need to do this themselves. Wepay will ask you if you want to link your friend’s bank account so your friend can withdraw the money.
Are you a Charity or Non-Profit?
Charities can use the platform to raise money. However individuals cannot start a campaign and say they are going to give the money to a charity unless the campaign is a sponsored campaign through our Partners Portal (insert link?). You will see the name of the charity at the top of the campaign page if the campaign is managed by a charity or non-profit.
Campaigns cannot offer a financial incentive to donate, such a share of ownership in their business.
However, if you are a registered charity with CrowdPress, we can help you register with WePay. We are providing a support for the payment service, but cannot be held responsible for the charity or non-profit’s actions or usage of money.
In order to create a CrowdPress Charity campaign, you must send a copy of your Letter of Determination issued by the IRS of 501(c)(3) status to our team at firstname.lastname@example.org. If you need further assistance please call us at (724) 831-3743 and we will guide you through the rest.
Note: Churches may also include a Form 990, W-9, or SS-4 if a Letter of Determination is not available.
How can one crowdfund a startup?
Next to offering shares, there are a few other (non-donating) ways to crowdfund your company:
1. Revenue sharing
Another model of giving your investors a financial ROI, is by using a revenue sharing model. Investors will have a nice incentive to boost sales! SellaBand is for instance using this model.
A third model that makes it possible to give a financial ROI is the loan model; a pre-defined interest rate can be shared with investors. CrowdAboutNow is using this model in the Netherlands.
And yes, it will be possible to offer shares through crowdfunding, but I doubt whether crowdfunding and shares fit as a combination. The next years will show us whether it works or not.
Real Estate Crowdfunding
I’ve invested in over 30 deals through RealtyShares* and RealCrowd. I have also owned rental properties and flipped others. So far, I am pleased with the results of the online platforms.
I have been an investor on Realty Shares website for about a year now, have made about 40 investments, 32 of which are still open (others have either reached their term or have been paid off early).
Till now, I ‘think’ I am getting the returns I was promised. Let me explain why I say I ‘think’ – it is not really easy to track every investment since every investment is really unique in terms of their payment terms and schedule. Moreover their website does not yet do a great job of investor reporting. But from the samples I have tested, I am getting the returns I was promised.
The biggest risk in my opinion though is the ‘platform risk’. You as an investor are relying totally on them for all the due diligence. I have no reasons to believe that they are a fraud but then nobody had reasons to believe that Bernie Madoff was a fraud either. So, I would advise you to be very cautious before investing large amounts of money.
The second biggest risk in my opinion is the ‘market risk’. This is a very legitimate risk (unlike the fraud risk that I mentioned before). This is the risk that is promising you high returns – a typical debt investment on Realty Shares returns 10% and equity investments are projected to return around 15%.
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