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I feel like on every Kickstarter I've tried, I've gotten charged the first moment. Are you sure this is not the case?

• icebraining 9y ago
  No, they may ask for an authorization of funds, but they don't actually charge unless the project hits its goal: https://www.kickstarter.com/help/faq/backer+questions#faq_41760 https://www.kickstarter.com/help/faq/backer+questions#faq_41... (Scroll a bit up, it seems their fixed header hides the question when directly linked)
  • throwaway613834 9y ago
    Thanks! I guess I must have never noticed the charges when the campaigns have ended so I'd always assumed it was in the beginning. That's good to know!
• pfooti 9y ago
  that's never happened to me - I know this because I've had several times when my credit card info changed between pledge and completion, and I had to update my cc info because the card was rejected at completion. they confirm payment when you back, but the charge doesn't happen until successful completion, at least on KS.
  • throwaway613834 9y ago
    Oh I see, so do they not even put a temporary hold? Otherwise doesn't that mean they might not be able to get a significant portion of their pledged funding (e.g. if people don't bother to update their cards)?
    • pfooti 9y ago
      that is correct - some percentage of every KS campaign fails to collect due to rejected CC charges / chargebacks etc. According to this older (2015) article [0], in 2014 KS had $529 MM in pledges, but only collected $444 MM. So: that's like 83% successful charges? Then again, that might have included failed campaigns (since those would be pledges that didn't collect as well). 0: https://techcrunch.com/2015/01/06/kickstarter-2014-numbers/ https://techcrunch.com/2015/01/06/kickstarter-2014-numbers/