The Coco Controller

[Sugar_Kane]

If a KS project is cancelled, do they have to give all of the money back?

 

[vcoleiro1]

Money isn't deducted from your credit card until after the KS project end date and only if it's successfull


At least that's what I have been told

 

[Sugar_Kane]

ah of course, yes you're right, I should know that considering how many things I've backed really

 

[EvilDragon]

Yeah, I just wonder what happens when the kickstarter campaign is funded and they don't manage to build the product later...

 

[vcoleiro1]

^ According to KS rules the company must refund the money to you if they cannot deliver

 

[mcobit]

If they loose it all, those rules won't matter. They will file insolvency and the people won't ever get back their money.


I think thats the risk of it.

 

[vcoleiro1]

That's the risk with anything you buy though. There's always the risk of a company going bankrupt between the time you pay and you getting an item. Happened to a local retail chain here, people paid for tvs etc which were to be delivered by the store and the next they went into bankruptcy and no one got there goods