- How do I support projects?
- Can I fund in different milestones?
- IWhen is my credit card charged?
- Who will check if a project owner completes the execution of a milestone?
- If funding does not succeed, do believers pay anything?
- How am I sure the project owner is trustworthy?
- When I fund a project, which info is provided to the project owner?
- I received a coupon-code with my funding. What is this for?
- Who creates the terms for each project?
- What happens when a developer stops his development in the middle of his funding project?
- Do I receive a confirmation of my funding?
- How do you make sure I receive my payback?
- How long does it take to be refunded?
- Can I follow-up my investments?
How do I support projects?
BUY a REWARD PACK and get a great reward-pack as specified by the project owner per amount.
FUND to get a REVENUE SHARE: you get a multiple in return on the funding you made. We offer the following paybacks:
- Fund AUD 25.00 and get AUD 40.00 back from the app revenues
- Fund AUD 50.00 and get AUD 90.00 back from the app revenues
- Fund AUD 100.00 and get AUD 220.00 back from the app revenues
Can I fund in different milestones?
Yes, you can choose when to support a project by choosing the milestone. So you can support the project according your attitude towards risk.
When is my credit card charged?
If the milestone you're backing is successfully funded, your card will be charged when the milestone reaches its funding deadline. If the milestone does not reach its funding goal, your card is never charged.
We use Paypal for accepting your pledges. Paypal allows you to make an uncharged payment for 30 days. If the project is succesfully funed in this period, your payment will be charged. If the expiration date is beyond this 30 days period, your payment will be charged and refunded if the project is not succesfully funded.
Who will check if a project owner completes the execution of a milestone?
We ask project providers to deliver us the evidence for having fulfilled the subject of the milestone. AND, we keep a threshold of 20% on the milestone investment till the app is succesfully launched on the App Store or on Google Play.
If funding does not succeed, do backers pay anything?
No, nothing.
How am I sure the project owner is trustworthy?
- We screen projects in advance.
- Projects with a AAA Certified Label have been successfully rated by our Expert Panel.
- We keep a 20% threshold of the milestone funding - amount till the app is successfully launched on the App Store or on Google Play, this to ensure the developer continues to be committed to the project.
- Have a look at all mechanism we have build in to protect funders, check out this page.
When I fund a project, which info is provided to the project owner?
If funding succeeds we'll give the project owner your email address, name and address.
I received a coupon-code with my funding. What is it for?
The coupon-code you received is your personal code. You can use to invite other people to support the project you funded.
By doing this, you receive a 0.5% commission on all fundings done by your referrals, and a $20.00 for each new project listed by one of your referrals. You can track in real-time your sales revenues by accessing your funder-account on AppsFunder.
Who creates the terms for each project?
Project owners decide the terms for the golden and platinum apps per milestone. We make sure though they are consistent with our funding-concept.
What happens when a developer stops his development in the middle of his funding porject?
In such a case, as part of our AppsFunder Developer Agreement, we are entitled to take over the development from the developer, to finish it and successfully launch the app on the App Store or Google Play. So, as a funder, you don't run any risk in such a case.
Do I receive a confirmation of my funding?
Yes, we will send you a confirmation by email.
How do you make sure I get my payback?
Very important question indeed!
For REWARDS: the correct execution of providing the sponsored rewards to funders is the sole responsibility of the project owner.
For REVENUE SHARE:
- We get access to the developer account of the project owner on the App Store or Google Play
- We have access to all sales and financial data on the app
- In case of a single-app account, the app revenues are automatically transferred to our bank-account, and we organize the refund to funders
- In case the developer has multiple apps running on his developer-account, he will be allowed to collect the revenues on his bank-account. He will be invoiced by AppsFunder on a monthly basis.
How long does it take to get be refunded?
That really depends on the succes of the app on the market place. We apply the following principles:
- The first revenue generated by the app on the market, is used for refunding the funders
- The first funders are paid back first. Seems right no, as they were the first to put money on the table?
- Paybacks are issued to funders from $100.00 on, using Paypal.
Can I follow-up my investments?
- Yes, by logging into your funder-account, you have access to your portfolio.
- We automatically alert funders when project updates are available