Reward Crowdfunding Script, Open Source
Reward Crowdfunding Script by NCrypted Solutions is an insightful script that lets you start your own reward based fundraising websites similar to Reward Crowdfunding, Indiegogo, Kickstarter, etc.As per the name goes Reward Crowdfunding Script is a structured system that allows you to get started with your own Reward Crowdfunding business. It permits people to invest in an ongoing project to achieve rewards for their commitment towards the project.In reward based crowdfunding a group of people endorse a set of specific tasks projected by a work creator through commitment. The owner of the project holds full ownership of the project funded via Reward Crowdfunding Script.
How does the payment process work for Reward Crowdfunding Script?
Reward Crowdfunding universally has to deal with the currency as people show up only for monetary system Subsequently, it becomes essential to utilize secure payment gateway to make sure that the working of payment process is going fine or not. In Reward Crowdfunding, there are 3 key-role players, each of which are eligible to pay various amounts respectively:
- The Administrator: The owner, the administrator of the Reward Crowdfunding platform subtracts % of each donation received on a campaign from the Fundraisers. These charges are generally the operating charges, infrastructure or for payroll, etc.
- The Fundraiser: The fundraiser will have to pay the % of each and every donation to the proprietor of Reward Crowdfunding business +(some Transaction charges to the payment gateway processes like Stripe, Paypal, etc.)
- Donors/Backers: Donors/Backers is generally associated with crowdfunders who invest in different campaigns. There is no hidden fee being charged by them. They are only to be pay the amount that has been donated by them. Nevertheless, The project creator might endow them with a gift.
Note: The percentage of deduction fees and transaction fees are variable and can be customized as per business requirements by the administrator.
Salient features of Reward Crowdfunding Script
- Easy to use
- Allows the creation of mobile friendly campaigns
- Simple user management module to edit/delete/add members
- Attractive CMS module to handle the content
- Social Media Integration such as Facebook, Twitter and Google Plus
- Share the project with family and friends
- Share your campaigns on social media platforms such Twitter and Facebook
- Permits fundraisers to keep each and every donation they receive
- There’s no requirements of goals and deadlines
- No penalties if somehow you miss your goal
- Comes with Multi language support such as LTR and RTL, etc.
- Raise funds for personalized projects and campaigns
- Supports 5 minutes email support
- Allow to feature projects.
- Robust form builder for it helps Reward Crowdfunding business to permit listing of different projects in precise manner.
- Permits to obtain commission from investors when any kind of investment made to the projects.
- Get money by permitting third party group to post the promotional advertisements in your Reward Crowdfunding business.
- Tracking of user’s activities such as comments, updates, etc.
- Allows you to create engrossing project categories based on the listed projects
- Email templates for indulging users with different mails
- Allows users to manage numbers of currency option for the fundraising business and permit them to pay in that manner.
Why investors are pouring millions into Reward Crowdfunding Script ?
For any Entrepreneur, the chiefest barrier is finding funding for startups and business expansion. As more and more entrepreneurs go with online crowdfunding, where sum is raised in and the assets stays uninjured and It has become quite ambitious to look for venture capital or bank loans.So, it is safe to say that Reward Crowdfunding doesn’t just help a new business get on its feet but also helps explore the consumer acceptance of their product which will further add to the expansion and growth. Keeping all these things in mind, It’d be a wise move to get started with your own crowdfunding business.
How Reward Crowdfunding Script works?
Reward Crowdfunding is one of the most ingenious crowdfunding scripts, which allows people to raise money through crowdfunding for their own requirements, matters or events that would be beneficial for them.This first process stays common for all types of campaigns such as charity fundraising, personal campaigns. Nonetheless, these minor changes in the case of charity fundraising will be received through donations are directly sent to the charitable organization. In case of all or nothing campaigns, The goal requirements and deadlines are obligatory to be mentioned.
Each and every project will be reviewed and checked through a review procedure by the admin of the site and that will go live after the project has been authorized by admin only. Once the project is ready to go for publishing procedure, you can receive commitments from various people who are interested. Individualist can review and visit assorted projects that are catalogued on the site and select the one for them to confront the commitment in the pursuance of getting the rewards.Rewards will be decided by the owner of the project, which is there on the project details page. Rewards gathered will be divided into parts in a predefined manner. Administrator being the one and project owner being the other one.