How do Donors know if a project will follow through?
Launching a campaign is a very public act, and causes or operators put their reputations at risk when they do. Donors should look for campaigns with a clear plan for how the project will be executed and completed, and who have a history of bringing their projects and other projects to fruition. Causes /operators are encouraged to share links and as much background information as possible so donors can make informed decisions about the projects they support. If a cause doesn't share key information, donors should take that into consideration. Does the cause include links to any websites that show work related to the project, or past projects? Does the operator appear in the video? Have they connected via Facebook? Don't hesitate to request more information from an operator if necessary. You can always reach out before donating via the "Contact me" button on the operators's profile.
What is a cause obligated to do once their project is funded?
Who is responsible for completing a project as promised?
How do I know a cause is who they claim they are?
It is possible you are friends with the person or team, or you learnt about the project from a trusted source. Looking for more information? Read through the description and watch the video to get a better sense of the person or team behind the project. In the person or team bio section of each cause, you can find additional resources, like links to websites, relevant background information, and in some cases, connected social media accounts. For persons or teams who have built integrity with a history of experience and successful completion of past projects, you'll also find a verified name with a check mark next to it. This person is behind the project or a part of the company or team behind it, and they verified their identity through an automated process. If you have more questions, you can send the cause a message to ask them.
What should causes do if they are having problems completing their projects?
Can causevest refund the money if a project is unable to fulfill?
causevest does not issue refunds. At best we freeze the fund balance on the cause’s account and recycle to other donations.
Why can’t causevest guarantee projects?
We started causevest to encourage disruptive altruism and participatory budgeting. It’s a new way for donors and causes to work together to create positive impact. Many traditional funding systems are risk-averse and profit-focused, and tons of great ideas never get a chance. Causevest gives a chance to many great ideas, accommodating more causes (charitable and non charitable) that may never have had an opportunity to make an impact due to their low profile or lack of history. In the causevest platform anyone can help decide which great idea or cause will become tomorrow's reality. In addition, we plough back a significant proportion of our network profits to registered causes popular with community members.
Causevest is full of passionate, ambitious, innovative, and imaginative ideas. Many of the projects on causevest are in earlier stages of development and are looking for a community to bring them to life. We are happy to allow causes take risks and a good shot at creating positive impact.
What does causevest do to protect its community?
We have highly incentivized network of operators that police the system for suspicious activity. Operators earn rewards by conducting due diligence on causes and teams. Our internal operators screen reports that are sent to us by our community and they take action if they find something that does not align with our rules. It is important to note that in causevest, causes unlock additional funding as they successfully complete more stages of their projects and providing satisfactory audits on success. This reduces the risk of funding fraudulent causes and also gives our internal operators time to look into any concerns raised by donors and the rest of the causevest community.
For more information about how causevest works, visit our Trust & Safety page.