BANK TRANSFER GUIDE
This page will explain the details of withdrawing your collected supports
- How can I receive my collected funds?
- What is the amount I’m going to receive?
- How much time takes the transfer to be completed?
- What are the steps to receive a transfer?
1
How can I receive my collected funds?
Verify your identity
It’s absolutely necessary that your identity is verified in order to transfer to you the collected funds. In order to do that, you have to complete the information requested in the menu “Personal identification”
Request for a withdrawal
Once you have collected $100 or more, you can withdraw 50% of the collected amount even if your project is ongoing. After receiving a partial payout, you can withdraw again the 50% of the remaining collected amount once it exceeds $100 or more. You will receive all remaining support amount at the end of the project.
Provide your bank details
For most of the countries, your collected funds will be sent through Transferwise. You don’t need to provide your bank details inside Airfunding platform, just to follow Transferwise’s indications when you are contacted by them, once your transfer has been ordered. In the case Transferwise is not available in your country, you will be contacted by us to ask your bank details needed for the transfer.
2
What is the amount I’m going to receive?
Withdrawal fees
The total amount received will be the amount collected, except a 8% fee of the value of the received funds as a settlement fee of the support amount.
Currency of delivery
In most of the cases, payments will be received in the currency of the country where the project owner resides. However, in certain countries the payment will be received in US dollars.
3
How much time takes the transfer to be completed?
It usually takes about 1 to 2 weeks from your request to the delivery of the support amount. However, if a problem occurs, it may take longer than usual to send the money.
- There is a mistake in the information provided
- The beneficiary bank doesn’t allow transfers from abroad and the amount is refunded
- The transaction is being verified for security reasons
- The bank details haven’t been provided correctly to Transferwise
4
What are the steps to receive a transfer?
Request for a withdrawal if your project hasn’t finished yet
You can request a withdrawal from My Project page. In case your project is already finished you don’t need to complete this step.
Reply our emails about the transfer
Whether Transferwise is available in your country or not, you will be contacted by email address. Please follow the instructions you will find there.
In case of a refund
If you did not reply the mail from Transferwise, or there is a problem with your bank, the collected support will be returned to Airfunding. If this happens, depending on whether the problem is solved or not, we will try and contact you again so that the collected support can be sent again.
Cancelations
If the beneficiary does not provide the necessary bank account information within one month after the end of the project, or if the Company cannot confirm the bank account information, the project owner will lose the right to receive the Support amount. Please check our Terms of Use for more detailed information.
Do you have any other questions?
If so, feel free to contact us at info.airfunding@kiheitai.co.jp anytime!