The cost of launching a crowdfunding campaign with Beloud corresponds to 5% + VAT of the total project revenue.
In the case of the Beloud Crowdfunding service, the contributions of the backers always go directly from the backer to the artist as soon as they are made, Beloud only discounts its commission of 5% + VAT of each payment.
If a backer pays with PayPal, the amount will go to the artist's PayPal account; in case of transfer (or direct payment) to the account provided by the artist (in that case, once the artist has received this amount by the backer, in the following transaction with payment with credit card, the commission will be deducted before sending the amount to PayPal).
PayPal will apply its financial cost and in case of transfer/entry into account none.
The artist chooses the payment methods that will enable for the backer\’s payment (PayPal being mandatory, and bank transfer optional).
Once all configuration data for a campaign has been submitted, our goal is that the campaign is made available within maximum 5 business days.
When the backer selects the reward they want, we present a screen to provide all their data. The backer can choose to remain anonymous or have his/her name or pseudonym displayed, as well as be subscribed to the artists newsletter. Then he/she must accept the conditions of the service.
Finally, the backer selects their preferred payment method (among which the artist has chosen to activate). Once the order is completed, an automatic email is sent to both the backer and the artist with the complete order data.
You set the duration of your campaigns. We recommend not defining projects with a duration of more than 60 days, but we allow up to 90 days.
In many occasions, there are backers who may miss the end date of the campaign. We give you the option to allow the backer, once the campaign has finished, to continue contributing for a few additional days, which are the extra days. The maximum is 7 days.
We allow the artist to select the following payment methods:
- Transfer: for this the artist must provide us the complete (national and international) data of the account so that they are included in the order confirmation email to the backers who have selected this form of payment.
- Pay with credit card or direct through PayPal (mandatory).
Usual rewards are linked to the project itself such as a copy of a CD, a vinyl, a limited edition of a merchandising object or concert tickets. You can also offer more personal rewards such as a personal call from the band, a particular music class given by a member of the group, a visit to the recording studio...
We recommend that you try to define a wide range of payment options. This will allow your backers to choose between them depending on their possibilities and their willingness to support the project.
Additionally, we offer the possibility for the artists who wish it, to enable the option of “free contribution” where the backer will donate the amount he wants.
The options you have when defining the shipping costs are as follows:
- Shipping costs included in the cost of the reward. This option is the easiest to manage, but if you have international orders the shipping costs will easily soar.
- Shipping costs for each reward by geographical area: you define the shipping cost of each package to different regions. For example, you can define that the reward of a CD has a shipping cost of € 1 in Spain, € 2.2 in Europe and € 10 for the rest of the world.
Yes. A project can continue receiving contributions, within the established deadline, regardless of whether it exceeds its funding objective.
In this case, you decide if you can go ahead with the project by obtaining the remaining funding by other means; or, in case of not carrying out the project, you must return the money to the backers (this will entail the cost of the PayPal commissions and an 85% repayment of the Beloud commissions).
If you think it necessary you can choose to stop your project. But you will have equally assumed the responsibility of returning the contributions or the shipping of rewards.
Absolutely. We give you the option to launch your project in two languages. If you choose this option you must provide the texts and videos you need in each language.
The project will work in the local currency selected by the artist. EUR, USD and GBP are currently available.
Forever! The projects we launch remain in Beloud indefinitely for transparency issues.
For the same reason, projects cannot be erased, even if they are canceled.
You may only use copyrighted material that belongs to you or where you have written permission from the copyright owner to use such material for the purpose for which you are using it.
The process is simple and we are going to help, guiding you in each step.
- Once you are logged in your artist account, go to the "Crowdfunding" section of your artist administration area and click on "Create your campaign".
- Through a form, you will be entering the data of your campaign: personal data, text, video, images, logo, description and cost of rewards, type of payment methods, duration, desired release date
- Once you have defined all the data of the campaign, you will be able to see it before the launch — if everything is ready, launch your campaign!
The main page of the campaign shows the data of each contribution in real time. There you will see the number of backers associated with each reward and the amounts obtained.
Each time a backer makes an order you will receive an email to the email address you provided us with the information of the same. Additionally, in the artist admin area, you will have visibility and control over each of the orders.
Once the campaign has been launched you can modify some of the data of the campaign, adding text, descriptions and new rewards, however the deadlines and objective of the campaign cannot be changed.
In each order, backers are requested to provide their complete data in order to facilitate the delivery of rewards and contact with them. You will receive all the information that the backer provides: name, address, telephone, email.
Through the BeePro Artist tool you will manage all the data of the orders.
You will have a generic view where you can search for orders by name, order number or order type. You can edit each order detail and perform the following actions:
- See name, surname, address, telephone, comments.
- Change an order from "Not paid" to "Paid": in the cases of bank transfer when you receive the income. This greatly facilitates the management of payment control. When an order is changed to "Paid" an automatic email is sent to the backer indicating that the payment has been received.
- Indicate that the order has been sent. This allows effective control of orders shipped or not. When an order is changed to “Sent” an automatic email is sent to the backer indicating that the reward has been shipped.
- Enter an internal note associated with the order (for example, it may indicate that a part of the order is still to be shipped).
The issues that will be discussed below have been prepared to prepare you for the most frequent situations that you should know about. However, this information is not intended to be used by any taxpayer in order to avoid penalties related to taxes, nor be used in the inspection or verification procedures carried out by the Public Treasury, but are merely indicative information which does not take into consideration the particularities relevant to the specific case at hand. Therefore, we recommend that you consult with your manager, who is the best person to guide you about your specific case.
In general, crowdfunding is legally qualified as an “advance on account” of a future purchase or acquisition of a good or service. That is to say, the backers are not making donations as defined by law, but are advancing funds for a good or service that they will receive in the future (for example, tickets for the concert of the artist of which they are backers).
They will be treated as any income related to the economic activity of the originator of the project. Depending on whether this is a legal entity or physical, business or professional, the tax that would apply corresponds to a company or to a natural person.
The originator of the project must pay to the Public Treasury the VAT derived from the operation, being able to deduct the VAT of all the necessary expenses for the development of his project. In other words, the artist has the responsibility to pay the VAT.
The backer, legal person or physical, business or professional, in the development of a business or professional activity, can deduct the supported VAT, as long as the contribution is made in the development of their business activity.
Whenever we consider that the contributions are a payment on account of a delivery of goods or a future service delivery, delivery or provision that will be made in the development of a business activity, then it should effectively follow that the originator should register.
The beneficiary of the contributions may deduct this expense as any other expense of the activity, both in the income tax on natural persons (in the case of business and professional persons), or in corporation tax (in the case of the legal entities).
Provided that the contributions are made by a legal person or a natural person who has the status of entrepreneur or professional, and are carried out in the course of their economic activity, these will be considered tax deductible expense in corporation tax or tax on the income of natural persons, respectively.
Otherwise, that is to say, if the backer is a natural person who does not have the status of professional, the contribution is not deductible.
If you have not had any sale on that reward, you can modify or eliminate that reward.
In case there has already been a sale of that reward, contact us through the email email@example.com
and we will help you to resolve it.