How BackerMo works
BackerMo is all-or-nothing crowdfunding for verified Philippine businesses. Backers pledge with a card, and nobody is charged unless the campaign reaches its goal by the deadline.
All or nothing
Pledge with a card
Choose a reward and save a credit or debit card.
Saved, not charged
Your card is verified and saved. Nothing is charged before the deadline.
Charged only if funded
Cards are charged only if the goal is met by the deadline.
You're only charged if the campaign reaches its goal by the deadline.
For backers
- 1
Pick a project and a reward
Choose a reward tier. You pay at least its price, and you can choose to pay more. The reward is the same.
- 2
Save your card
Use a credit or debit card. It's verified, not charged. Prepaid cards aren't accepted.
- 3
Change your mind before the deadline
Switch to another reward, change your amount or cancel, any time before the campaign ends.
- 4
Charged only if it's funded
If the goal is met, your card is charged at the deadline and the business delivers your reward.
Questions backers ask
When am I charged?
Right after the campaign's deadline, and only if it reached its goal. Until then, your card is saved, not charged.
What if the campaign doesn't reach its goal?
Your card is never charged, and there's nothing you need to do.
Can I change my reward or cancel?
Yes, any time before the deadline, from My pledges.
What if my card fails when I'm charged?
We email you, and for some declines we retry automatically. You have 7 days to update your card. If it still can't be charged, your pledge is dropped.
Who delivers my reward?
The fundraiser, not BackerMo. BackerMo is not a store, and rewards are not guaranteed. The fundraiser is solely responsible for delivering rewards, and for refunding you if they can't. Read the Backer Acknowledgment
Who can raise money on BackerMo?
Only businesses registered in the Philippines. Our team checks each one's DTI or SEC registration, TIN and payout bank account before it can launch a campaign.
For fundraisers
- 1
Verify your business
Send your DTI or SEC registration, TIN, business address and payout bank account. Our team reviews it.
- 2
Build your campaign
Set a goal from ₱5,000, a run of 1 to 60 days, your story and reward tiers. We review it before launch.
- 3
Launch and share
Backers pledge with a card. Cards are saved, not charged, until your deadline.
- 4
Get paid out
If you reach your goal, cards are charged at the deadline. Your payout goes to your bank once charges settle.
10%
only if you're funded
One fee, taken from what you raise
No listing fee and nothing to pay up front. Card processing fees for each charge also come out of your share.
- Raised by the deadline
- ₱250,000
- BackerMo fee (10%)
- −₱25,000
- Card processing fees
- per charge
- Before card fees, you receive
- ₱225,000
What you'll need
- A sole proprietorship, partnership or corporation registered in the Philippines
- DTI or SEC registration number and TIN
- Business address and an authorised representative
- A Philippine bank account for payouts
Questions fundraisers ask
What happens if I don't reach my goal?
No backer is charged and you owe nothing. BackerMo's fee applies only to funded campaigns.
When do I get my money?
Cards are charged right after your deadline. Backers whose cards fail get 7 days to update them. Once charges settle, our team releases the payout to your verified bank account.
Can I change my campaign after launch?
Your goal, duration, story and cover image are locked once you launch, so backers get what they saw. You can add new reward tiers, and edit tiers nobody has pledged to yet. Changes are reviewed before they go live.
Can I run more than one campaign?
One at a time. You can launch your next campaign once the current one has been paid out or has closed without reaching its goal.