C

rowdfunding through one of the many platforms seems like a simple endeavour but it does come with its costs.

Kickstarter, one of the bestknown crowdfunding platforms, charges a fee of five per cent of all the funds donated for the campaign itself. Kickstarter then also charges what it calls payment processing fees that range from another three to five per cent.

The bottom line is that a Kickstarter crowdfunding campaign can leave the person fundraising with only 90 per cent of the donated