Author

Topic: BitPay and crowdfunding (Read 1108 times)

hero member
Activity: 484
Merit: 500
May 22, 2013, 03:50:13 PM
#5
I just read this from Bitcoinstarter.com:

"If the target amount is not reached within the time period allotted by the project creator, the entire amount raised will be returned to each individual pledger, in full, automatically."

So does anyone know whats the best way to do that kind of automatical payment return system?

The way they are doing it ?

Well how are they doing it?  Grin

Hello,

We have a mechanism that can cancel all pledges to a project. It's not to hard to do.

Thanks!
sr. member
Activity: 392
Merit: 250
May 22, 2013, 09:18:22 AM
#4
I just read this from Bitcoinstarter.com:

"If the target amount is not reached within the time period allotted by the project creator, the entire amount raised will be returned to each individual pledger, in full, automatically."

So does anyone know whats the best way to do that kind of automatical payment return system?

The way they are doing it ?

Well how are they doing it?  Grin
legendary
Activity: 1330
Merit: 1000
Bitcoin
May 21, 2013, 08:14:54 PM
#3
I just read this from Bitcoinstarter.com:

"If the target amount is not reached within the time period allotted by the project creator, the entire amount raised will be returned to each individual pledger, in full, automatically."

So does anyone know whats the best way to do that kind of automatical payment return system?

The way they are doing it ?
sr. member
Activity: 392
Merit: 250
May 21, 2013, 05:43:32 AM
#2
I just read this from Bitcoinstarter.com:

"If the target amount is not reached within the time period allotted by the project creator, the entire amount raised will be returned to each individual pledger, in full, automatically."

So does anyone know whats the best way to do that kind of automatical payment return system?
sr. member
Activity: 392
Merit: 250
May 19, 2013, 06:22:50 PM
#1
Can BitPay be used in crowdfunding sites sameway that PayPal or Amazon Payments? I mean so that BitPay would hold money so long that whole amount is raised and if it doesn't happen it would automatically refund all the money? Or that it would automatically take the comission to sites owner and pass rest to the people who raised that money?

If BitPay cannot yet do all that, what would be best way to integrate such functions?
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