Midnight Springs
CREATOR
22 days ago
Project Update: Declined pledges info!
Hello everyone!
Currently, failed charges are at $878.25 from 12 backers. It looks like all initial POT payments were collected successfully, so they are included in the 99 backers that have paid! Thank you!
If in a week this does not go down significantly, I'll be sending individual emails. To give a better idea of the scale of this: because of the high volume of POT pledges and the errored pledges being nearly 1k, for this first deposit we will be receiving $4.5k less than what was raised (this is due to platform and processing fees as well, but those are worked into the goal and are not an issue!). I'm communicating this for transparency, because while creators do have to work margins into the goals (including 10% for fees) and be flexible on timeframes for things like POT, it's still notable and unexpected for nearly another 7% to be errored completely and over 20% to be in limbo at the time of production start.
We're really hoping we can reduce the errored charges by at least half by the end of this month and we will do our best while setting up the surveys to make sure each and every POT backer has their counts fully reserved even though the surveys won't be sent to them until August! The pledge average for this campaign was over $100, which is astonishing - we can't even begin to express how grateful we are for your support and belief in our designs!! 💓 we are so so grateful to each and every one of you!
Once this first week has passed we will also negotiate our first payments with the manufacturers to make sure paying them in installments will work just fine as previously agreed upon! To help with the other guillotine colorways, I'll reduce spoon quantities since the pledged-for quantity wasn't very high (I know they're very niche). Stickers will also be paid for last, after 2 more POT payments. That way the red and purple guillotines can start production with everything else. We hope that with primarily jewelry that this will be a really smooth process compared to pin-majority projects. Knock on wood, really, but we will do our best to streamline it!🤞
Currently, failed charges are at $878.25 from 12 backers. It looks like all initial POT payments were collected successfully, so they are included in the 99 backers that have paid! Thank you!
If in a week this does not go down significantly, I'll be sending individual emails. To give a better idea of the scale of this: because of the high volume of POT pledges and the errored pledges being nearly 1k, for this first deposit we will be receiving $4.5k less than what was raised (this is due to platform and processing fees as well, but those are worked into the goal and are not an issue!). I'm communicating this for transparency, because while creators do have to work margins into the goals (including 10% for fees) and be flexible on timeframes for things like POT, it's still notable and unexpected for nearly another 7% to be errored completely and over 20% to be in limbo at the time of production start.
We're really hoping we can reduce the errored charges by at least half by the end of this month and we will do our best while setting up the surveys to make sure each and every POT backer has their counts fully reserved even though the surveys won't be sent to them until August! The pledge average for this campaign was over $100, which is astonishing - we can't even begin to express how grateful we are for your support and belief in our designs!! 💓 we are so so grateful to each and every one of you!
Once this first week has passed we will also negotiate our first payments with the manufacturers to make sure paying them in installments will work just fine as previously agreed upon! To help with the other guillotine colorways, I'll reduce spoon quantities since the pledged-for quantity wasn't very high (I know they're very niche). Stickers will also be paid for last, after 2 more POT payments. That way the red and purple guillotines can start production with everything else. We hope that with primarily jewelry that this will be a really smooth process compared to pin-majority projects. Knock on wood, really, but we will do our best to streamline it!🤞
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