Huddle Funding - Key Questions
Q: How much will it cost to use?
A: Nothing. It's free to post projects.
Q: How much of my pledged funds will I receive and how safe is it?
A: After administration fee and PayPal fees ~ 91.4% - We're using PayPal so everything is handled and secured by them. The money is never held in escrow on our account or anybody else's. That's really safe.
Q: What types of projects are allowed?
A: Anything legal
Q: How much can I raise?
A: Any reasonable amount can be set as your target
Q: What if my project doesn't reach its target?
A: Depending on whether you've chosen flexible or fixed funding – Flexible funding means you'll get whatever has been pledged up to the closing date of your project. Fixed funding means that if you don't reach your target, no monies are transferred and no pledgers are debited.
Q: What's preventing me from just asking my fans on Facebook to contribute to a project?
A: We would encourage you to do so, but direct them to your crowd funding page, since our site is specifically structured to allow you to offer rewards to your contributors.
Q: How long can the project run?
A: Studies have shown that 60 days is the optimal time for a project to run
Q: Do I have to offer rewards?
A: It's up to you; however by offering rewards, your project is much more likely to attract investors
Q: What type of rewards can I offer?
A: They should be closely associated with your project, e.g. if you're a musician raising money for a new album, then a copy of the new album etc.
Q: My project involves a company, can I offer shares in the company as a reward?
A: Yes, you can
Try Crowdfunding Here