Payment and Fees

What are the fees involved?

StartMe is free to join. There is a fee on any money that is raised, which is 5% of the money you raise if you meet your goal or 9% if you do not meet your goal. You need to raise at least 50% of your goal amount in order to be rewarded the money pledged to you. Project creators are liable for an additional 5% bank charge on the total amount raised for the project.

What if I don't reach my funding goal?

If your project is set up as Flexible, you will be able to keep the funds you raise, even if you don’t meet your goal. If your project is set up as Fixed, all contributions will be returned to your funders if you do not meet your goal. Flexible Funding projects that meet their goal are only charged 5% as our platform fee, whereas projects that do not meet their goal are charged 9%. A Flexible project still need to raise at least 50% of its funding goal in order to keep the money pledged to you.

How do I get paid?

Once your funding target is reached, the funds are transferred to the Founder's PayFast account. If your account is indicated as Flexible and your project has expired the money pledged to you will be paid out to either your PayFast account or bank account provided that you have reached at least 50% of your goal amount.

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