Funding on DozoPay can be either flexible or fixed.
Flexible funding allows creators can keep the fund even it does not meet the funding goal.
Flexible funding should be opted only when the creators are confident to reach the project objective with or without achieving the funding goals. They must also fulfill the perks promised to the backers.
Fixed funding is all-or-nothing format where the creators can only keep the fund, they have raised, if the project meets the funding goal. If the campaign does not meet its goal by its deadline, all backers will be refunded by DozoPay within 5-7 business days.
Fixed funding can be chosen when a minimum amount of money is required to accomplish the goals of the project and the project cannot be executed unless the threshold is met.
The creators must choose the funding goal types wisely. It cannot be changed once the project is launched.
