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I'm curious about the entire process of how a Wadiz project proceeds.
📍 Worldwide ex-Korea Maker
For makers who have a business registration certificate from a country outside Korea,
Entire process from project creation to settlement
Project submission to launch period and settlement period are averages and may vary depending on the project.
1) Project Creation
- After registering as a member on Wadiz, create a Maker Studio.
2) Project Writing
- Submit the necessary documents for project execution and complete the required items in your studio.
3) Project Submission
- Review the written content and submit the final version.
4) Review
- Confirm whether the project can proceed according to Wadiz policies and standards.
- Document requirement verification and content review of story essential content is conducted.
- If you receive a revision request from Wadiz, please reflect the feedback and resubmit.
5) Project Launch (Upcoming Launch Notification to Project Launch)
- After final approval, select the date you want to launch the project in Maker Studio, and launch the project.
6) Monitoring and Advertising Review
- Wadiz is monitoring whether the story complies with advertising review standards.
- According to advertising review standards, we may request modifications to the story content. If you receive a modification request, please edit the story directly through Maker Studio.
7) Project Closure
- The project ends at midnight (24:00) on the previously set end date.
8) Payment Processing
- After the project successfully ends, payment (attempts) proceed for 2 days
- The final payment amount that successfully paid during the applicable period is called 'Funding Amount', and you receive settlement after deducting fees from this amount.
9) Reward Shipment
- Rewards cannot be shipped before the project ends or while payment has not been completed.
- After all payments for 2 days following the project end date are completed, you can check the supporter information needed for shipment.
- After sending the reward, please process the shipment in Maker Studio.
10) Refund Request and Processing
- There is a 25-day refund period from the time the reward is delivered.
- If there are issues with reward shipping delays or defects, refunds may be requested.
- However, refunds due to simple change of mind are not possible.
11) Settlement
- Once reward shipment and refund processing are both completed without issues, you receive the final settlement amount.
- However, if issues such as project cancellation occur, the payment process may be held.