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FAQ

WHAT YOU NEED TO KNOW

WHAT IS CROWDFUNDING?

  • Crowdfunding is the use of small amounts of money, from a large number of individuals or businesses, to finance a project or campaign.
  • Crowdfunding makes use of its users’ networks of friends, family and colleagues social media websites (like Facebook, Twitter and LinkedIn) to get the word out.
  • Crowdfunding provides supporters, the opportunity of participating directly in the funding and success of a project, through a collective effort.

WHAT ARE THE BENEFITS OF CROWDFUNDING?

  • A unique way to fund specific projects or campaigns.
  • Connecting with a wider audience of new investors, to promote a project or a campaign.
  • Raises funding from a community of like-minded individuals, prepared to support and follow a unique dream, project or campaign.
  • The power to steer a campaign towards a defined funding goal.

HOW DO I REGISTER FOR A CAMPAIGN?

To register your Fund Your Passion Account and create a Campaign, Click the REGISTER button on the home page. You need to be 18 years or older or, have parental or your legal guardian’s consent.

You are responsible for your account and all the activity on it. Don’t impersonate anyone else or choose names that are offensive or that violate anyone’s rights. If you don’t follow these rules, we may cancel your Account and/or unpublish your Campaign.

Once your Campaign has been loaded, it is published automatically but, we reserve the right to validate your Campaign and remove Campaigns that do not fit the intended use of the Platform.

Then, share your Campaign link with your friends, family, and colleagues – your Fans – to invite donations.

WHAT MAKES US DIFFERENT FROM OTHER CROWDFUNDING PLATFORMS?

FUND YOUR PASSION is designed primarily for Top Athletes and Artists, to generate funding to further their ability to continue to perform – locally and internationally – and achieve their dreams. There are many other platforms available for the traditional charity and development-type Campaigns. We reserve the right to remove Campaigns that do not meet this criteria.

 WHAT DOES IT COST TO HAVE A CAMPAIGN?

Creating a Campaign is FREE to Athletes and Artists and FREE to contributors to make a donation and, there are no charges if you don’t raise any funds. There are no time limits on Campaigns. You can also carry on receiving contributions after you’ve met your target goal.

Fund Your Passion retains 5% as an administration fee plus VAT = 5,75% on funds raised through its platform. This fee covers the provision of the platform, campaign administration, tracking and marketing of Campaigns. A transaction fee of 5% for our banking fees and payment gateway, is charged to the donor at checkout. This is referred to as a Surcharge on their transaction statement.

Fund Your Passion is powered by Payflex, which allows contributors the ability to select a PAY NOW (immediate refection to the Campaign Account) or PAY LATER (where the contributor pays in four fortnightly payments, interest free). If a contributor selects this option, we reflect the donation immediately but, we can only pay out the donation to the Campaign Owner once we have received these funds. In essence, this is more like a pledge, until the funds have been received.

HOW DO I GET PAID OUT?

Fund Your Passion makes payment on a monthly basis – funds raised from the 1st to the last day of each month and these funds are paid out on the 10th of the following month. Campaign Owners will need to provide us with proof of banking account and a copy of their Identity, prior to payments being made.

View our Terms of Use here

GET STARTED

Let’s get you started:

1. Register

2. Agree to our terms and conditions

3. Receive your unique password

4. Publish and promote your Campaign or add a pre-paid service voucher

5. Get paid out monthly or when your campaign ends

START NOW