Funding & Pre-order

How is crowdfunding different from shopping?

와디즈

	Crowdfunding	Online Shopping
Similarities	Products (rewards) are introduced through detailed pages on the online platform.
Differences	Funds are gathered to produce the product, and then the product is produced and shipped. You don't have to worry about initial production costs or inventory.	Products are created and sold to consumers after making inventory with initial investment. If you don't sell all products, you may face difficulties in inventory disposal.

Unlike online shopping, which is a continuous sales format, crowdfunding is
- The most special difference is that you meet supporters through projects, raise funds, and then produce products.
- We send products (rewards) to supporters who participated in the project as a token of gratitude.

3 Important Features of Crowdfunding

1) You must achieve at least the target amount set by the maker in advance to receive settlement/success funds.

If you raise 100% or more of the target amount, it is successful; if less than 100%, it ends in failure.
If it fails, there's no need to produce and send rewards.

2) Payment is not made immediately when a supporter participates in the project

Supporters can choose between immediate payment and reserved payment.
- For immediate payment: Payment is processed immediately, but can be cancelled anytime before the project ends.
- For reserved payment: Payment is processed the day after the project ends.
- Payment can be cancelled anytime before the project ends.
Payment completion timing is as follows.
- Project Success: Payment is processed for 2 days starting the day after the end.
- Project Failure: If the project fails, payment will not be processed.

3) The settlement process varies depending on the project type.

The settlement process varies depending on the project type. For detailed settlement procedures, please refer to Settlement Process Guide(link).

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