Verkami is a crowdfunding platform:
It offers creators an alternative way to fund their projects through individual pledges.
In return for their pledges, it offers patrons the chance to get unique products and experiences linked to the projects.
Verkami offers independent creators, entrepreneurs, cultural promoters and associations a way to fund their projects in part or in full with the help and involvement of their public and community.
Any creative project is welcome on our platform, be it a basic amateur creation or an ambitious, innovative project by an acclaimed artist. Our aim is to promote creative work wherever it comes from.
Verkami was set up in Mataró by a father and two sons: Joan, Adrià and Jonàs Sala – a biologist, an art historian and a physicist. We’re all driven by a passion for creativity, art and research, and we’re eager to help people see their projects come to life.
For Verkami, crowdfunding is a way of funding projects through pledges from many different people who, in return, get exclusive rewards in the form of products, services or experiences.
It is not an investment to make a profit. Creators keep 100% ownership of their project and the profits it makes.
We want Verkami to be a meeting point for creators and entrepreneurs from the worlds of art, culture and civil society that spans fields as diverse as film, music, theatre, comics, community projects, design, software, photography, technology, social projects, inventions, journalism, video and literature, to name but a few.
It is also a great tool for promoters, curators and associations looking to put on concerts, exhibitions, fairs or any other event.
Each project has a funding goal set by the creator and 40 days to reach it. There are two possible scenarios once the 40 days are up:
Publishing your project on Verkami is a great tool for gauging how good your idea really is. The number of patrons you attract gives you a good idea of how popular or successful a project might turn out to be. If you get the backing you need, you can forge ahead without any worries. If you don't get the backing, you’ve lost nothing and can take some time out to refocus your idea.
If a creator sets a certain figure as their funding goal, they’re saying they need 100% of that amount to carry out their project. They’d have a hard time trying to carry it out with only 60%, when all their patrons will be expecting them to deliver the project as originally planned.
Fantastic! The project can keep raising money until the 40-day period is up.>
That's right. During the time left, patrons can continue to make pledges in return for rewards while creators think of a way to use these extra funds. For example, an author might decide to print a book on better quality paper, produce a hardback edition or increase the print run.
Verkami provides you with a platform to run your crowdfunding campaign and also offers personalised advice from our team of cultural industry experts to help you successfully plan, launch and run your campaign.
In return for these services, Verkami charges creators 5% + VAT of the amount raised by the project.
The default option for making pledges is by bank card. You should bear in mind that payment gateways charge 1.35% + VAT for processing bank card transactions.
As a result, the total charges you will have to pay for your crowdfunding campaign will be 6.35% + VAT, all included.
You will only be charged for Verkami’s services if you reach your funding goal. It you don’t, you won’t collect any pledges and neither you nor your patrons will be charged anything.
We use BBVA secure payment gateway, which means we can offer our services with savings of 3–4% compared with other crowdfunding alternatives.
If you want, you can choose to activate PayPal as an additional way of collecting pledges. PayPal generally charges a 3.4% fee plus a fixed charge of €0.35 per transaction. You can find more details of PayPal’s commissions here.
You can start your project from our home. You’ll need to register, give us your details and tell us a bit about who you are and what you’ve been up to.
Then we’ll ask you to tell us about your project in more detail. Tell us about the idea behind it, how much money you need, what you’ll spend it on and what rewards you have in mind. So you should have a pretty good idea of all these aspects before taking this step.
Once you’ve filled in the form, we’ll review your project. We might contact you to ask you to expand a bit on some points. If we approve your project, you can start working on your project page. And once it’s ready, you can publish it and start fundraising.
Verkami aims to promote creative, innovative projects. It’s not about funding traditional businesses in return for rewards or raising money for charity for free. We don’t offer prize draws, auctions or loans. So we need to know you’re on the same wavelength.
It also gives us the chance to give you some advice on the best way to present your project before publishing it, and some feedback on the rewards you’re offering and the media you plan to use to make your idea as appealing and engaging as possible.
We’re a small but dynamic team and we’ll get back to you within 3 to 5 working days.
No. But you can present a new project as soon as your present one ends and you’ve followed through with what you promised your patrons.
In principle, any bright idea you come up with. It mustn’t break any laws, cause offence or be in bad taste. Verkami reserves the right to reject any project not in keeping with its terms and conditions of use.
No. Anyone can start a project, regardless of their country of residence.
There are 3 basics: set your funding goal; work out how many pledges you need and decide what levels to set them at; and choose what rewards to give your patrons in return.
The funding goal is basically your budget. It should reflect how much money you need to carry out the project, but it also needs to include the cost of the rewards, the cost of delivering them, Verkami's 5% fee, bank charges and any taxes you have to pay.
There’s no maximum or minimum funding goal. But or all successfully funded projects that raise under €800, we charge a fixed amount of 50€ + VAT, all included, except the PayPal fees if you decide to use this payment method.
You have 40 days starting from when you publish your project.
Fantastic! You can keep raising money until the end of the deadline.
They’re what you offer your patrons in exchange for their pledge.
Be creative! The more appealing the rewards, the greater the incentive to make a pledge.
We suggest you offer tangible products, services or experiences related to your project. They could range from a simple signed postcard or a song download to exclusive tickets to a film premiere, dinner with the director or leading actors or a private concert for your patrons and their friends.
The rewards are one of the factors that will determine whether your project is successful or not. The more appealing they are, the more pledges you’re likely to get.
We suggest you don’t set too many levels of pledges, as this can be confusing and put potential patrons off.
You should offer rewards for all budgets. Remember that ten people who pledge €25 each are just as important as one who pledges €250.
The rewards should be in keeping with the amount pledged. The patrons are helping you and your project and should get a good deal: eg a product for under the market rate or an exclusive service or experience that would otherwise be unavailable.
You can set pledges at any level over €1.
Patrons can make pledges with a debit or credit card through the BBVA payment gateway. For the projects that have enabled the PayPal option, it will be possible to make the pledge through this payment method.
Pledges made with a bank card through the using the BBVA payment gateway will be paid into your bank account, by bank transfer, once any charges have been deducted.
If you activated PayPal as an additional way of collecting pledges, these pledges (minus PayPal’s fees and service charges) will be deposited directly in the PayPal account linked to your campaign.
You don’t have to show any pledges made to you by other means on your Verkami page if you want to. If you think you’ll need these pledges to reach your funding goal, you can add them as simply another pledge.
No. Creators keep 100% ownership of their work.
Each creator gets their own backend, where you can edit and personalise your project: you can tweak your texts, add photos and videos, make changes to your rewards, and change the colour or background image.
You can also manage your blog and answer patrons’ questions.
You’ll also find all the latest information on the state of your project, with the money raised, pledges made and total number of patrons.
You can also access the list of patrons, which contains details of who has pledged what, to send individual or group messages.
You can use text, images and YouTube or Vimeo videos.
Yes. The only thing you can’t change is the funding goal and any rewards that have already been chosen by patrons.
You must inform your patrons of any changes to your project during the fundraising period. You can use the project blog or send patrons a message from your backend.
The questions are a direct tool the public can use to find out more about your project and clear up any queries they might have. They can also help you improve your description of the project and how you communicate with your public.
You should answer questions as quickly and concisely as possible.
The blog lets you publish all your updates to your project, the steps you’re taking, any changes you make, any news related to the project. Anything that may be of interest to your patrons and followers.
You can also get feedback from them through the comments.
By publishing regular updates to your project, you’ll get your patrons to feel they’re part of the creative process.
Patrons and followers can subscribe to an RSS feed to get all the updates on your blog. They can also see a summary of the latest updates on the project page.
No. Once the period has ended, you can still answer your patrons’ questions and update your blog, but you can’t edit your project page.
We don’t advise it, but if you need to, you can choose to stop your project. In this case all the pledges are cancelled, although you can still communicate with your patrons.
If, for whatever reason, you feel you can’t go ahead with your project as originally planned, or you can’t fulfil the promises you’ve made to your patrons, you should stop the fundraising process and close the project. Otherwise, if you fail to respect your commitments, you could face legal action from your patrons. If you’ve already reached your funding goal, you should return the money to the patrons who supported you.
On your project page you and your followers can use a widget to publish on blogs or webpages, buttons to publish news on Facebook or Twitter and a button to send an email summarising your project.
You should spread the word about your project to as many people as possible and get them to spread the word too. Make the most of everything the internet and social networks have to offer.
The following advice comes from professional experts in the field of taxation. This information is not designed to help taxpayers avoid paying taxes or dodge inspections from the tax authorities. It gives a general overview and doesn’t cover all the particular features of each individual case. Your accountant will advise you what to do in your specific case.
It’s a direct form of funding projects by adding together individual sums pledged by patrons, who receive exclusive rewards in return.
Legally, crowdfunding is viewed as advance payment for acquiring goods or services. Patrons are not giving donations, but paying in advance for goods or services they will receive in the future (eg tickets for a concert by the group they’re supporting)
In general no, since crowdfunding doesn’t fit the definition of a donation, since patrons aren’t giving something for nothing, given that they receive a reward for the funds they give to the creator of the project.
The money received will be treated as part of the creator’s earnings and the creator will have to pay income tax or company tax on this earned income, depending on whether the creator is legally a business or professional individual or a legal entity.
The creator of the project will have to collect and pay the VAT on their earned income to the tax authorities. The creator will be able to deduct the VAT paid on any expenses related to carrying out the project.
Patrons (be they legally a business or professional individual or a legal entity) who make a pledge as part of their business or professional activity can deduct the VAT paid.
If the money pledged is viewed as advance payment for future goods or services to be provided as part of a business activity, then yes, you will have to register as a professional businessperson to pay taxes on the income received through pledges.
The recipient of the pledges can deduct the fees paid to the crowdfunding platform as another expense of their business activity, either in terms of income tax (for business and professional legal individuals) or company tax (for legal entities).
If the patron is a legal entity or a professional or business individual who makes a pledge as part of their business activity, the pledge will be considered as a tax-deductible expense in terms of company tax or income tax, respectively.
If the patron is a legal individual who is not a businessperson or a professional, they cannot deduct their pledge.
During the 40-day fundraising period, patrons can make a pledge with a debit or credit card through the BBVA payment gateway and, for the projects that have enabled this option, also with PayPal.
Verkami has no access to your bank details. The payment gateways are the ones who manage payment of your pledges.
Each project offers a range of amounts you can pledge with different rewards linked to them. You can choose the most enticing or the most affordable one for you.
Because you won’t actually be charged until the 40 days are up and then only if the project has been successfully funded. If it doesn’t reach its funding goal, your pledge will be cancelled and your card or PayPal account won’t be charged.
You’ll get the reward you chose when you made your pledge. You won’t ever be entitled to any ownership of the project or any royalties it might generate; these remain in the hands of the creator.
Yes. When the project reaches the end of its fundraising period, you’ll receive an email telling your whether it has been successfully funded or not.
Yes. You can make a pledge from anywhere in the world through the BBVA and, for the projects that have enabled this option, also through PayPal.
Your username and the amount you’ve pledged, together with the reward you’ve chosen. Although the creator doesn’t have your email, they can send you messages via Verkami to keep you up to date with all the latest news on the project.
When you register on Verkami you’ll have to choose a username, which is what all the other users will see. If you want to remain anonymous, you should choose an alias instead of your real name.
You play a vital role. Word about Verkami projects gets around through word of mouth, either in person or online. If you find an interesting project, spread the word as much as possible and you’ll give it a boost.
On the project page, in the section “Share the project with your friends”, you’ll find lots of handy tools for spreading the word.
You can give creators feedback through the project blog or ask questions in the Q&A section to help them address things they might not be aware of. And you’ll get emails on the project’s progress, as well as any changes and updates.
Creators are wholly responsible for their promises, as they agreed when they accepted Verkami’s terms and conditions of use. If they fail to deliver on their promises, they could face legal action.
Don’t forget that creators are very interested in doing things right: their reputation and ability to get future support for their projects are at stake.
Creators with a successfully funded on Verkami are obliged to carry the project out as planned and to provide patrons with their rewards as promised. If, for whatever reason, they are unable to fulfil these commitments, they are obliged to give each patron their money back.
Once you’ve made a pledge, you should respect it: the success of the project depends on it.
However, if, for whatever reason, you need to cancel it, you should email us before the end of the fundraising period and we’ll cancel it.
If your credit card has been declined, you will receive a notification by email with a link that will redirect you to a new page to try again. This time, though, you’ll be making a direct payment rather than a pledge.
Verkami is a term we coined from two words in Esperanto:
Verko: (artistic or scientific creation; work; production); or as a verb “verki”: (to create works of art or science; to produce art)
Ami: love, like, etymologically from “friend”
So “Verkami” could be defined as “friend of creation”.
What people are saying about Verkami on the radio, television, press, online publications... on ourmedia page .
To see where we’ve spread the word about crowdfunding, visit ourevents page.
Do you need our logo, images or videos? Here you’ll find ourpress kit.
Yes. You can follow us at@Verkami
Yes. You can become our friend at facebook