- Model type
- Fund type
- Maximum allowed raise
- Receiving funds
Pozible's platform offers donators a Rewards model that matches rewards to the level of funding commitment. For example, if someone donates $20, they get a basic award and if they donate $200 they get a "more valuable" reward. This allows members to personalize their campaign by creating rewards they can give to supporters in thanks for helping fund their project. Members can also limit the number of rewards issued for different tiers to encourage donors to lend support early on in the campaign.
To personalize a campaign further, members have the option of embedding their campaign on their own website. By implementing a few lines of code, members can add a Pozible campaign section to their website allowing donors to connect to their campaign by showcasing their brand. This also allows members to direct traffic directly to their website.
Pozible also has what they call their Ambassador Network. This is a group of individuals volunteering their time and expertise to help make your campaign a success. Each member of the Ambassador network has successfully launched a campaign through Pozible. Members can utilize the knowledge and experience of Ambassadors to ask questions and advice in order to run a successful campaign.
Pozible has no fee for registering with their platform or for beginning a campaign. Unlike many other crowdfunding platforms, Pozible offers discounted fees to projects who reach certain levels of funding:
5%: total funds pledged up to $100k
4%: total funds pledged between $100k - $500k (or projects issued an invitation code)
3%: total funds pledged of $500k or over
There are no fees for non-completion of a campaign. The All or Nothing funding model prevents any monies having to be returned. The funds donated are not processed.
Pozible conducts an All or Nothing method. If you don't reach your total predetermined monetary goal you don't receive any funds. In Keep What You Raised types, you receive all funds donated even if you fall short of a specific monetary goal.
Maximum Allowed Raise
Pozible doesn't impose a maximum amount or limit to what you can raise. Some crowdfunding sites have a fundraising cap which can limit those wanting to do bigger projects and force them to do more than one campaign, possibly losing the momentum captured in the initial campaign.
The longest amount of time Pozible will give you to complete a campaign is 60 days. This is a good length compared to typical crowdfunding sites, which offer 30-45 days on average.
At the end of a successful campaign (meaning the funding goal minimum has been met), Pozible offers several payment options: Paypal, Bitcoin, Stripe or credit/debit card. Paypal, Bitcoin and Stripe transfers money electronically to your mobile wallet. Credit/debit users receive funds through a direct deposit to their bank account.
Once the project reaches its deadline, all funds are collected immediately-so project creators get their money quickly. Some platforms take longer to process and transfer funds. Donations made using a credit card will be transferred directly to your nominated bank account seven days after the project deadline. Pledges made using PayPal will be automatically transferred to your nominated PayPal account