Frequently Asked Questions
1. Your crowdfunding campaign
Creators post a short video about their project up on the site. The video pitch tells the public what the project is about, why people should back it, and what they'll get in return.
Next, creators come up with a series of rewards to incentivise people to back their project.
Lastly, they direct fans, friends and family to their Sponsume page and encourage them to buy one of the rewards.
Campaign creators effectively sell rewards to fund their project.
It's by selling rewards linked to their project that creators raise the funds they need. People may buy your campaign rewards because they like you, your project or the rewards you offer…
So think carefully about your public and the rewards they’d like to see. There are so many ways of rewarding your supporters! For instance, you may offer a discount on your product, the right to be an extra in your film, early release of your product to backers, VIP tickets, dinner with you and your team, the right to choose the bands invited to your festival… Check live projects to see what they offer.
Once sold a reward becomes legally binding: the project owner must either deliver the promised reward within a reasonable amount of time or refund the backers.
Just fill in our online application form. It’s free to apply and there are no subscription fees.
Bear in mind you don’t have to fill your online form all at once. You may save it and get back to it later.
We require: 1) a video pitch, 2) a funding target, 3) a summary of your project, 4) rewards for your backers, and 5) a copy of your ID (passport, driving licence, or national identity card).
2. Your funds
Set up a PayPal account to be able to receive your backers’ contributions. Backers can contribute to your Sponsume campaign using any major debit or credit card from 190 countries, or using their PayPal account. Funds are sent instantly to your PayPal account each time a reward is sold. You can choose to keep the funds whether your campaign’s funding target is met or not.
Sponsume does not charge backers and it doesn't cost anything to create a campaign. There are no subscription fees either. There is a 4% fee on the money you raise when you meet your funding goal.
If you do not meet your funding goal, you can still keep the money raised. Sponsume charges a 9% fee on campaigns with unmet funding goals.
3. Space and Time
Sponsume is an international platform, so anyone with a PayPal account can start a campaign. We do not, however, allow campaigns from Singapore due to local restrictions on private fundraising.
Up to you. Maximum of 90 days.