Pledge Over Time

What Pledge Over Time Means in Practice

Pledge Over Time allows eligible Kickstarter backers to split their pledge into 3 equal payments instead of paying the full amount at campaign end. The first charge is collected when the campaign ends successfully, and the remaining 2 charges are collected automatically each month. This means that some backers may not be fully paid when your campaign ends.

What Creators Need to Watch For

Backers using Pledge Over Time should not be treated as fully collected backers until all installments have been successfully charged. Later charges may fail, and if they are not fixed in time, the pledge may remain only partially collected.

Your first Kickstarter payout will also not include the full pledge amount for these backers. The first payout only includes the first Pledge Over Time charge, while the remaining charges are paid later in additional payouts.

What this means for creators

When preparing to open your Hive Pledge Manager, you need to decide how you want to handle Pledge Over Time backers.

You can either wait until Kickstarter finishes collecting all installments and then add all backers  at the same time in Hive, or move forward with opening the Pledge Manager and make sure to re-process the Pledge Over Time backers after their payment schedule is complete.

Learn more here:

https://www.hiveinteractive.net/wiki/manage-backer-information-11#chapter-244