Once the payout for the original campaign has been sent, the first Late Pledge payout will be issued 7 days later. Subsequent payouts will send on a 7-day cadence for the pledges in the Late Pledge phase:
- Original campaign payout: 14 days after original campaign’s deadline (includes all campaign pledges).
- First Late Pledge payout: 21 days after the original campaign’s deadline (includes all Late Pledges made during the first 14 days after the deadline).
- Second Late Pledge payout: 28 days after the campaign’s deadline (includes all Late Pledges made 15-21 days after the deadline).
- This cadence will continue every 7 days after the campaign ends, until Late Pledges have concluded.
The time a payout begins initiating is based on your campaign’s original deadline. For example, if your campaign ended at 6:00 PM EST, each subsequent payout will begin initiating at 6:00 PM EST. If a payout is initiated on a non-business day, your financial institution may not show it as processing until the next business day.
Please note: In the event that the funds have not yet settled at the time a payout is set to initiate, that payout will be deferred until the settlement is complete. This process typically takes anywhere from a few hours to a few business days, depending on processing times.
If there are no Late Pledges collected during a given payout period, a payout will not be issued. Additionally, for some project countries, if the collected amount is below a certain threshold (typically ~$1 USD), a payout will not be issued. Instead, this amount will be bundled into the next Late Pledge payout.
Will I be able to change my bank account between payouts?
Payouts of Late Pledges will be sent to the same bank account used for your crowdfunding campaign. We highly recommend taking extra care to ensure that you have input the correct details before your Late Pledge period begins to avoid any payout issues. In certain cases, we may be able to help with updating the bank account—please contact our Support team to see if this is possible.
Note that if any one payout was already initiated, we can no longer update the bank account for that payout.