Funders can contribute from a minimum of Rs 100 to a maximum of Rs 5 Lakhs in a single contribution for a crowdfunding campaign on Fueladream platform.
Fueladream charges are as follows for a campaign owner: Effective 1st July 2017
Processing charge: 3000 INR (Plus applicable service taxes) per campaign - one time, fixed, non-refundable.
7% of the total amount collected in the course of a campaign is charged to you. This is for both-Keep what you get (KWYG) campaigns & All or nothing (AON) campaigns.
However if a project is an All or nothing (AON) campaign that does not reach its goal then all the money collected is returned to the funders. Currently there are no fees charged in such a situation. If it's a Keep what you get (KWYG) campaign the 7% contract charges is charged irrespective of amount funded.
Payment gateway charges: 2% of the total amount collected in the course of a campaign will be charged as a reimbursement of our payment gateway costs.
Additional charges: : The government charges a GST of 18% on all services provided. That on a 7% contract charge & 2% payment gateway charge adds upto approximately 1.62 % extra.
Processing charge: We check campaigns to ensure that they adhere to our rules & norms. We also do an internal risk assessment to ensure you or your organisation comply with any or all corporate governance rules. This fee is towards these activities.