How Kapipal Works
Kapipal is a site to collect money online. It's easy to use, secure... and free! :-)
Raise Money Online
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.
Discover how people worldwide use Kapipal.
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.
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.
Every Kapipalist can monitor the progress and earnings of their Kapipals from the My Kapipals page.
The Rewards
If you are collecting money for a public project, you can offer rewards to the contributors.
Rewards are typically items produced by the Kapipalist or the project itself — a copy of the CD, a book, a T-shirt.
You can offer rewards in exchange for different contribution levels. Rewards enable you to engage fans, build trust, and provide an opportunity for more people to get involved. It's up to the Kapipalist to create, price, and fulfill their rewards.
There are some limitations on what can be offered as a reward. Investment and loan solicitations are forbidden, as are lotteries, raffles, sweepstakes, and coupons/discounts on future goods.
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 people you
know or you trust.
At anytime, you can contact the creator of the Kapipal
by clicking the Send Email button on the Kapipal Page.