Learn More about Kapipal
Periodically you need to collect money.
And whether it's for
a birthday or wedding present, for a group purchase,
for a charity, and so on, Kapipal helps you to easily raise the money
you need through the
Internet.
The Kapipal
The first step is to start your own Kapipal, the web page
that manages the money collection. You set how much money you need to raise
(target amount, e.g. $500), by when (e.g. in 30 days), and why (e.g. “Mike and
Maria’s Wedding”). When you start a Kapipal, you become a Kapipalist.
Once a Kapipal page is published, it shows some information
about the Kapipal, and how much money collected so far.
The Contributors
You can share the Kapipal URL address with your friends and anyone else who
might contribute.
They will visit the page, and will have the option to directly send you the money. Everyone that sends you
some amount of money is called a Contributor.
While people send money, the Kapipal page shows how much has
been raised so far and how much time is left to receive and contribute. A graph shows the
percentage of the collection, and the distance to the target amount.
When the Kapipal duration (30 days in the example above)
has elapsed, money collection ends. The page remains online, but the Send Money
button is disabled. This feature encourages people to send the money as soon as
possible.
Everyone can
choose how much to send to the Kapipalist or the Kapipalist can set appointed
amounts as well, for instance: $10, $25, or $50.
Every Kapipalist can monitor the progress of his Kapipals and watch
his earnings
from the My Kapipals page.
Money Transfer
The money transaction is done through PayPal,
which allows secure payments and money transfers to be made through the
Internet. PayPal is
required to receive money, so every Kapipalist needs a PayPal account.
However, PayPal is not required to send money: a Contributor just needs a
credit card or other valid type of PayPal payment.
Every money contribution is sent immediately and
directly to Kapipalist’s PayPal account! The money transaction is between the Kapipalist and the Contributor. Kapipal.com just
make things simpler, and doesn’t charge you any fee. Kapipal is just
a place which allows Kapipalists and Contributors to meet.
Every contribution is a donation, and usually there
is no return for the contributor. Of course, the Kapipalist can decide to give
contributors a benefit or reward (in this case it would be stated on the Kapipal Page).
Remember, Kapipalists are wholly responsible for their promises, and Kapipal.com
has no control if they keep their word or not. Send money only to Kapipalists you
know or you trust.
At anytime, you can contact the creator of the Kapipal
by clicking the Send a Message button on the Kapipal Page.
