Why Does Kickstarter Not Use PayPal: Exploring Payment Options
Kickstarter is one of the most popular crowdfunding platforms in the world, but unlike many other online marketplaces, it doesn't accept PayPal. This may seem surprising to some, but there are several reasons why Kickstarter has opted not to use PayPal as a payment option. This post will explore the reasons behind this decision and discuss Kickstarter's current payment options.
Why Doesn't Kickstarter Accept PayPal?
One of the primary reasons why Kickstarter doesn't use PayPal is because of the platform's "all or nothing" funding model. Kickstarter campaigns must meet their funding goals within a set time frame to receive funds. PayPal's payment structure doesn't support this type of funding model, which can create complications for Kickstarter campaigns.
Another reason why Kickstarter doesn't use PayPal is the fees associated with the platform. PayPal charges fees for both sending and receiving money, which can add up quickly for campaigns with significant funding goals. By using its payment processing system, Kickstarter is able to keep fees low for both backers and creators.
What Payment Options Does Kickstarter Offer?
Kickstarter currently offers two payment options: credit/debit card and Apple Pay. Backers can use their credit or debit cards to make pledges, or they can use Apple Pay if they're using an Apple device. Kickstarter's payment system is secure and uses industry-standard encryption to protect user information.
How Does Kickstarter's Payment System Compare to PayPal?
While Kickstarter doesn't use PayPal, its payment system is designed to be just as easy and secure for users. The platform's payment processing system is integrated directly into the site, which makes it simple for backers to make pledges and for creators to receive funds. Plus, since Kickstarter doesn't charge fees for failed campaigns, backers can feel confident that their money is being used to support viable projects.
How to Back a Project on Kickstarter
Backing a project on Kickstarter is easy. Simply navigate to the project page and select the pledge amount you'd like to contribute. You'll then be prompted to enter your payment information, which will be processed securely through Kickstarter's payment system. Once the campaign is successfully funded, you'll receive updates from the creator and eventually receive any rewards associated with your pledge.
While Kickstarter doesn't use PayPal, its payment system is designed to be as easy and secure for users. By using its payment processing system, Kickstarter can keep fees low for both backers and creators. If you're interested in supporting a Kickstarter campaign, simply navigate to the project page and select your pledge amount. With Kickstarter's secure payment system, you can feel confident that your pledge is being used to support viable projects.