At long last, Kickstarter is to be launched in Asia on 1st September, with Singapore and Hong Kong being the first two countries to benefit. Singapore Kickstarter creators need not go through the complicated process of looking for a overseas helper, or deal with complex offshore tax issues anymore. However, there are some fine points for Singaporean creators which will be different from creators from other countries and here are 3 points to look out for:
Payment Processing Fee
The payment processing fee for Singapore creators is generally higher.
Singapore fees
4% + $0.30 SGD (micropledging rates for under 10 SGD of 5% and $0.05 SGD)
US fees
3% + $0.20 USD (micropledging rates for under 10 USD of 5% and $0.05 USD)
USD Denominated Pricing
One of the key problems for international backers is that SGD is not a popular currency around the world and Kickstarter has a system which ......