What happens if a Kickstarter project doesn't reach its funding goal?

Asked 6 months ago
If a Kickstarter project fails to reach its funding goal, all pledged funds are returned to the backers and the project creator does not receive any money. Kickstarter works on an "all-or-nothing" funding model, ensuring that projects are fully funded before any money is collected. This approach aims to protect backers from supporting unsuccessful projects and guarantees that creators have the necessary resources to fulfill their commitments. When a project falls short of its goal, no financial transactions take place, and the project does not move forward. However, the creator can choose to relaunch the project with adjustments or seek alternative funding methods. Backers are not charged unless the funding goal is successfully reached before the campaign's deadline.
Answered Nov 1, 2023

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