Q.How do taxes work?
A.Crowdfunding for a profit, you must pay taxes as the organizer of the campaign. You should seek advice from your accountant. However, a non-profit, tax-deductible 501(c)(3) charity means that as the organizer of the campaign, you should have no tax liability. However, you should seek advice from your accountant
Q.What forms of payment does MusicQuest?
A.MusicQuest.com will accept credit cards, debit cards, and PayPal.com payments to fund your campaign. The individual and non-profit campaign organizers that collect funds should talk with their accountant concerning their tax liability.
Q.Are there goal requirements
A.MusicQuest.com gives you a 30/60/90 goal. You will have a chance to reach out and let your funder, family, friends, and investors know when you have hit your milestones, and how close you are to achieving your goals. We have definitely found that communicating with your supporters regularly leads to more momentum and more repeat donors.
Q.Do you accept international donations?
A.Please note that all donations are made in US dollars. So, the donations may be levied an exchange rate fee via the bank that issues the donor's credit card. Donors will want to connect with their bank to determine exactly what that fee maybe.
Q.What are these fees for? Do I have to pay them?
A.MusicQuest.com has an incredibly innovative pricing structure that gives donors the opportunity to cover the campaign's transaction fee (both the platform and payment processing fees) on behalf of the campaign or the non-profit cause. We ensure 95% of the contribution reaches the non-profit for Stripe credit card processing and handling fees only, and no additional fees.