What is KraudMob?

KraudMob is the Crowdfunding and Marketing platform for Mobile Apps.

The Developers publish a Mobile App or Game project and collect funds for it. The Developers offer rewards to the people who fund the project. These people are called Backers.

The Developer may also involve Marketers to bring Backers to the project and to promote the App when it is ready. 

What is KraudMob Crowdfunding Platform?

The Developers publish a Mobile App or Game project and collect funds for it.

Each project is independently created and crafted by the Developer - a team or individual behind it. The Developers have complete control and responsibility over their projects. They take time designing their project pages, filming their promo videos, and brainstorming what rewards to offer backers. When they’re ready, Developers launch their project and share it.

Every Developer defines their project’s funding goal and deadline. If you like the project, you can pledge money for the Developer to build the Mobile App. If the project succeeds in reaching its funding goal, all backers’ credit cards are charged when time expires. If the project falls to gather enough funds, no one is charged. It’s all-or-nothing.

How Developers receive funds?

KraudMob uses Paypal as primary payment solution.

You must have Paypal account and e-mail address you use to register with KraudMob MUST be the same you’re using in Paypal.

When your campaign is in progress, Backers authorize KraudMob to charge their Paypal accounts if the project reaches its funding goal. If it does the funds are transferred to your Paypal account. If not, KraudMob cancels Backers authorizations. No funds are transferred until the project delivery date. You get the funding amount you managed to collect minus KraudMob’s 5% fee.

howto-publish-projects

What are the fees?

KraudMob charges 5% from the funding amount you managed to collect if the goal is reached. Nothing is charged if the project fails to reach its funding goal

The Developer also pays Paypal processing fees. It may get up to 4%, please, see Paypal fees at paypal.com

What is KraudMob Marketing Platform?

KraudMob Marketing Platform is a tool that allows Marketers promoting Developers’ Crowdfunding projects and Mobile Apps.

Developers use it to track sales, manage Marketers commissions and get reports. Marketers use it to get Apps promo materials and receive payouts for the sales they made. There are two major use cases for KraudMob Marketing Platform – to get Backer to fund the project and to get more sales when the App is released to AppStore. Once the Developer has created a project he or she might decide to involve Marketers in order to get more Backers. The Developer sets the commission and shares revenue with the Marketers in return for the pledge made by a Backer. When Mobile App is released to AppStores the Developer may wish to get Marketers to drive in users. The Developer defines the commission for the Marketers. Every time the App is sold(for paid apps) or in-app purchase happens KraudMob Marketing Platform charges commission to the Marketer(s).

How Developers pay fees to Marketers

The fees are calculated and deducted automatically when your project reaches its goal. The fees ARE NOT charged if the project fails to collect its target funding.

how-fee-paid-to-marketers

 

Action Marketer fee KraudMob fee
The Marketer refers backer to your project Developer defines commission, say 10% of the Backer pledge 20% of what Developer pays to Marketer

Example

The Backer donates $10. Developer sets up 10% commission for Marketers. KraudMob charges 20% of what Developer pays to Marketer

The pledge net amount: $10

The Marketer gets: 10% of $10 = $1

KraudMob gets: 20% of $1 = $0.20

The Developer gets: $10 – $1 – $0.20 = $8.8

The Developer also pays Paypal processing fees. It may get up to 4%, please, see Paypal fees at paypal.com