Frequently Asked Questions

Crowdfunding Bum frequently asked questions

If you have a question that has not been answered to your satisfaction, please shoot us an email and let us know. I will reply to that email ASAP. Thanks!

I HAVE A CAMPAIGN AT ANOTHER WEBSITE, CAN I CREATE A SISTER CAMPAIGN AT CROWDFUNDING BUM?

Yes!

All crowdfunding campaigns need not be exclusive to Crowdfunding Bum.

Please explain “built-in backers”?

When a new member creates a campaign on our platform they will be prompted to select an existing member that will receive 3% of all funds raised. In turn, the Campaigner can now potentially receive 3% unsolicited funding seeds from subsequent new members. Our approach is to give our members the opportunity to become both a donor and a recipient without incurring out of pocket cost.

NO PLATFORM FEE? WHAT’S THE CATCH?

Yes, there’s a catch. We’re in the scaling stage of our startup and we want to incentivize campaigners to create campaign on our platform. This is temporary and when it’s over, every new donation will be subject to a 5% platform fee. Please be aware that in order for the built-in backers mechanism to function the 3% donation will remain active.

Do you offer free campaign setup?

Sure thing! We know how busy startup entrepreneurs are and we want to help. We need your story, what you need funds for, how much you want to raise, where are you located, your email address, full name and any photos or videos you may have. Our expert writers will then craft a top-notch campaign pitch. You must first register and upload a profile avatar then save to draft a new campaign and add a title. When done submit a support ticket. Don’t worry, we’ll fill in the blanks.

As a Backer, are my rewards guaranteed?

Yes!

In order to curtail campaign fraud, Crowdfunding Bum has decided to implement a “backers reward receipt policy”.

Backers can now rest assured knowing that they will receive their promised rewards or get a guaranteed 70% refund of their donation (less platform fee and gateway processing fee).

We withhold 70% of all campaign donations until all rewards are shipped and backers have received their perks to protect our backers from campaign fraud.

But not all non delivery is fraud, sometimes campaigners fail to produce a working prototype and can’t deliver the rewards promised. Donations are needed to work out the kinks of a prototype or a crowdfunding initiative. Please consider this when asking for a refund of your donation.

Be aware that if you’re considering a chargeback it will impact negatively all parties involved including our platform. Hence, a chargeback request should only be used as a tool of last resort.

If you can’t obtain a refund amicably via the campaign manager, please contact us through our support desk before proceeding with a PayPal or Stripe chargeback request. We’re here to help you resolve all your crowdfunding issues.

What are the countries that support Stripe?

  • Australia
  • Austria
  • Belgium
  • Canada
  • Denmark
  • Finland
  • France
  • Germany
  • Hong Kong
  • Ireland
  • Japan
  • Luxembourg
  • Netherlands
  • New Zealand
  • Norway
  • Singapore
  • Spain
  • Sweden
  • Switzerland
  • United Kingdom
  • United States
  • Italy
  • Portugal

You’re not very popular, there are only a few active campaigns?

Rome wasn’t built in a day 🙂 Moreover, fewer campaigns are not necessarily a bad thing.

Crowdfunding platforms are basically campaign parking lots, it’s your job to drive traffic to them.

What you should be considering is whether or not you are willing to part with 5% of what you raised for the privilege of using the platform via a platform fee. Currently, Crowdfunding Bum doesn’t charge a platform fee.

Furthermore, Crowdfunding platforms only drive traffic to their sites and not to your campaign. The odds of backers finding your campaign amongst thousands of active campaigns is unfortunately slim to none.

Sorry to burst your crowdfunding bubble, but you’re going to have to put most of the promotion work in yourself. But don’t worry, unlike all other crowdfunding platforms, Crowdfunding Bum has a built-in mechanism that auto funds campaigns.

Why no real-time shipping rate calculators on the reward widget?

The short answer:
1. Campaign abandonment
2. Sticker shock

Make sure to factor in shipping and tax costs when offering a reward.

For more on this subject we recommend you read this article:
How To Set Shipping Rates For Your Online Store

Where do I create a campaign on the dashboard?

When you first register you must log off then log on again or simply refresh and new options will appear. You can create a new campaign by clicking the “My Project” tab.

This is because when a account is first created it has the default permissions. Only the first three tabs will display immediately. Once the system register the account, on first login, is when it applies any other appropriate permissions and information about the account. So the rest of the tabs do not display until then.

SHAMELESS FUNDRAISING?

“Many are embarrassed when it comes to asking for help. I envisioned a community where everybody gives, so there is no shame when asking (Shameless Fundraising). We must plant seeds if we are to expect a harvest.”

– Founder and Principal Officer: Bernardo Pereira

WHY DO YOU CALL US ALL BUMS? I’M NOT A BUM, FAR FROM IT!

In short, humility. Humility is often in short supply. Everything we have or will ever receive is because of God’s grace and mercy. So count your blessings daily and the next time you encounter one of these unfortunate souls, don’t just pass them by, stop and chat for a while. If you’re lucky, you may learn something about yourself.

HOW ARE YOU DIFFERENT FROM OTHER MORE POPULAR CROWDFUNDING SITES?

Everyone Donates! In a true community everyone pitches in, not just the backers and donors, everyone. If you are looking for funding why not help someone in our community. That’s what makes Crowdfunding Bum unique. When a new member creates a campaign they will be prompted to select an existing Bum member that will receive 3% of all funds raised. THIS ACTIVATES THE LIFE PRINCIPLE OF SOWING AND REAPING. Because of this principle, you will get donations from complete strangers in our community, making Crowdfunding Bum the first and only self-funding crowdfunding platform on the planet. So the sooner you become a crowdfunding bum member the sooner you can start receiving donations from the crowdfunding bum community.

“You can have everything in life you want if you will just help enough other people get what they want.”

– Hilary Hinton “Zig” Ziglar American author, salesman, and motivational speaker

NO OTHER CROWDFUNDING WEBSITE HAS A DONATION REQUIREMENT TO POST A PROJECT, WHY IS THIS NECESSARY?

Giving is in a steep decline worldwide. Many well-known charities are having a hard time making ends meet. Backers and donors are cherry picking projects looking for serious projects to back. Gone are the days of project managers asking for a million dollars to fund a cool multi-colored Pez dispenser, well maybe not a Pez dispenser but you get the gist. Backers and donors know that if a project manager is willing to give into the community 3% of what they raised, then what’s being asked for should be reasonable and warranted. No one would donate $30,000 into another member’s project to fund a million dollar multi-colored Pez dispenser. At least we don’t think so. Bottom line, we’re not just looking for any project, we’re looking for the right project and so are our backers and donors.

WHY 3%? WHY NOT 1% OR 10%?

Our research shows us that 3% is the sweet spot, not too much not too little.

IF I DONATE 3% OF WHAT I RAISE TO ANOTHER BUM MEMBER, WILL I RECEIVE 3% IN DONATIONS FROM OTHER MEMBERS?

It’s certainly a possibility but it’s up to the new members to choose who they will donate to.

TO WHOM DOES THE 3% DONATION RESTRICTION APPLY?

The 3% pledge restriction is only for those who wish to post a request for crowd funding. Anyone can fund a member. As a member of the community you could give anonymously. So give generously.

WHAT HAPPENS IF MY PROJECT GETS FULLY FUNDED BEFORE MY DEADLINE DATE?

You receive all donations regardless of whether you’re overfunded less, 3% pledge, Stripe 2.9% + 30¢ per successful card charge gateway processing fees and 5% platform fee will be deposited into your Stripe account. So it pays to be actively promoting your own project and being realistic with your funding goal.

WHAT HAPPENS IF THE FUNDS RAISED EXCEED THE TARGET AMOUNT?

Crowdfunding Bum is based on “you keep each and every donation you receive” concept. In other words, it does not matter whether the target amount has been achieved or even exceeded, at the end of the target date, the member can withdraw the money from our platform.

IF AFTER FUNDS ARE TRANSFERRED, I DECIDE I WANT MY MONEY BACK CAN I GET A REFUND?

No! All monetary funding transactions are final. Furthermore, we can’t think of a more crummy thing to do than, taking back a donation from a fundraising campaign, so please don’t ask us to.

Exception: If it is proven that the campaign was a scam or your reward was not shipped to you. We will work with you in the recovery of your donation via a charge-back from PayPal or Stripe.

Crowdfunding Bum has recently implemented a “backers reward receipt policy.” More on this topic can be found in the terms of use or FAQ page.

WHAT FEES DO YOU CHARGE?

Starting a campaign on Crowdfunding Bum is absolutely FREE. We charge a competitive 5% (fee temporary waived) of the total funds raised as a site administrative fee. This fee is automatically deducted when you receive a donation – you do not get any bills from us. In lieu of the small fees we deduct; we provide you with the personal one-on-one support, features, a trusted crowdfunding platform and access to a large number of supporters that keep the donations coming. While some crowdsourcing sites claim they are ‘100% Free’ but they actually charge donors. Crowdfunding Bum never charges anything from donors. And there are NO hidden costs involved. Stripe and PayPal charges an additional minimal fee of 2.9% + 30¢ per successful card charge. Campaign creators are required to have a Stripe account and enable Stripe connect in their dashboard in order to receive donations directly into their stripe account.

WHEN I GET A DONATION, WHERE DOES THE MONEY GO?

It goes right into your Stripe account via credit card donations. Don’t have a Stripe account? Sign up with the Stripe payment gateway to get paid directly to your own account. The process is simple, and there are no setup or monthly fees. Connect with Stripe via the “creator account” tab in your dashboard to get started.

HOW DOES CROWDFUNDING BUM COMBAT CAMPAIGN FRAUD?

Because crowdfunding is built on trust, it’s ripe for fraud. We believe our crowdfunding platform addresses this issue by requiring campaigners to pay-it-forward by donating to a community member’s campaign a small percentage of what they raised. We reason that no self-respecting scammer would donate, it’s not in their nature.

Furthermore, Crowdfunding Bum has recently implemented a “backers reward receipt policy.” More on this topic can be found in the terms of use or FAQ page.

I need backers Yesterday, can you help us?

Talk to these Guys, they have helped raise over 220 million dollars for crowdfunding campaigners, and best of all they won’t break your bank account. Tell them that your campaign is on Crowdfunding Bum to receive special pricing and services for all campaigns hosted on the Crowdfunding  Bum platform.

If I register, can I also unregister and have personal data erased?

Yes! Under Article 17 of the GDPR individuals have the right to have personal data erased. This is also known as the ‘right to be forgotten’. This does not include any data we are obligated to keep for administrative, legal, or security purposes. To request this action click the GDPR link located on the footer of this page.

Is this a Ponzi or Pyramid scheme?

When I first heard this concern I nearly fell off my chair. But rather than compare apples and oranges I believe is suffice to say that our platform is reward and donation based. We expect that most of the backers who visit our website will gravitate to certain campaigns while others will be completely self-funded by the platform. Yes, not by backers, but by the platform itself. With that said, if your campaign truly sucks, unbearably boring and unimpressive then it is reasonable to expect that it will receive no donations. We offer no guarantees nor promise a rate of return. This is not multi-level marketing so no need to recruit your brother-in-law or the next door neighbor :^)

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