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FAQ

Crowdfunding explained:
Crowdfunding delegates the tasks of selecting winning projects to the masses. When enough people make a small financial payments to a project, then that project is probably a good idea. As a crowdfunding platform, SkyFunder.com pools together all those small financial pledges to help fund the project.
1. What is SkyFunder?

SkyFunder makes it easy for you to raise money online for the things that matter to you most. From births to memorials and everything in between, you can use SkyFunder to invite family and friends to donate to and participate in important life events, projects and causes.

What’s allowed? SkyFunder allows you to raise money online for just about any idea, event, project or cause your family, friends and personal contacts might believe in, as long as it is family-friendly.

What’s not allowed? Users are prohibited from violating any Federal, State or Local laws or attempting to raise money for anything that violates our terms & conditions. You may not offer a percentage of any project to a donor or any other offer that would violate any laws.

2. How do I accept donations online?

Accepting credit card donations online is easy with SkyFunder. Every donation you receive is instantly deposited into your PayPal account. Simply sign up for SkyFunder and connect your PayPal account. Don’t worry, PayPal accounts are free to get.

3. Is a PayPal account required to donate?

No, not at all! You can ensure that donors have an easy time donating by following the simple steps provided during sign-up. We recommend taking advantage of PayPal’s FREE upgrade to the ‘Verified Premier’ account level.

4. When do I get my money?

Immediately! With SkyFunder, there are no time limits or collection requirements. By connecting your PayPal account to SkyFunder, you have instant and secure access to every donation you receive.

5. Will SkyFunder charge me any fees?

SkyFunder will automatically deduct a 5% fee for our services, plus any Paypal transatation fee from each donation you receive. If you don’t receive any donations, then you won’t pay anything at all. Since our fee is deducted from each donation in real-time, you’ll never need to worry about getting billed or owing us any money. Remember too, that your donors are never charged any additional fees for donating to your fund.

6. Do I have to be a non-profit to use this site?

No. Anyone can raise money online using SkyFunder’s customizable donation pages. Our users often raise money for themselves or for friends they want to help out. SkyFunder was design to allow everyday people to do wonderful things with the money they raise online.

7. Will my donors get charged any fees?

No. Donors do not get charged any extra fees for donating to your fund beyond the donation.

8. Are there limits to how much money I raise?

No way! SkyFunder users can raise as much money as they want. We love it when our users raise a ton of money on their online donation pages.

9. Can I raise money on Facebook & Twitter?

Of course! Connecting to Facebook & Twitter is part of what makes SkyFunder work so well. The best part is that visitors to your donation page may end up doing most of the sharing for you – helping you to attract more donors!

10. How will I know when people donate?

We send you an email each time somebody donates to your fund. After receiving the email, you’ll see the new donation appear in your SkyFunder dashboard and within your PayPal account.

11. Does it cost anything to use PayPal?

There’s no charge to sign up for your PayPal ‘Premier’ account. You’ll need a PayPal account in order to collect donations online with your SkyFunder online donation page. Have a look at PayPal’s fees once you create your ‘Premier’ account. Signing up for a PayPal ‘Premier’ account is easy and free!

?12. Are projects tax deductible?

Some many not be and some are, but only if the entity has gained a tax exemption status. If your entity is a tax exempt,? you may wish to list this tax exempt status on your project profile page and list instructions on how your Donors can receive the documents or information required for tax deduction purposes.

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