FAQ
The Details
ClutchFunded is for racers and teams engaged in organized racing only. If you are an aspiring, amateur, semi-pro or professional driver/team owner, we can support your quest to raise funding. We don’t support street racing or anything else illegal. To get involved, you must sign up and submit a campaign for approval. Once the ClutchFunded team approves your campaign, you may launch and start raising funds. To understand all requirements, view FAQ #1 for more details.
Our Model
Simplicity is our goal. ClutchFunded campaigns use the All or Nothing Funding model. You must meet your goal to receive funds. This helps give your contributors reason to take initiative because they know their dollars are going exactly where you say they are.
Fees
ALL OR NOTHING | |
---|---|
MERCHANT FEES (Stripe) | 2.9% + $0.30 (per transaction) |
GOAL REACHED | 3% |
GOAL NOT REACHED | 0% |
Drivers/Teams
- To use ClutchFunded, you must actively (or plan to) race in an organized racing series. Your experience level does not matter as long as your campaign is raising funds to support you at a physical track or course in a competitive racing class or series that will apply to your experience level.
- Your campaign must be raising funds for one of the following: a single race, multiple races, racing equipment/tools, travel expenses, crash expenses or testing. (If you’d like to create a campaign to raise funds for something other than what is listed, you may e-mail us to request approval.)
- You must have a bank account and accept ACH money transfer to receive funds.
- You must be 18 years of age or have supervision of parent or legal guardian.
To launch a campaign on ClutchFunded, you and your campaign must fit into the ClutchFunded guidelines/criteria and be approved.
- Campaigns must target fundraising for an organized motorsports series.
- You or your team must (or intend to) race in said organized motorsports series.
- Your campaign must be thoroughly complete with all details pertaining to your goal and use of funds.
- Campaign goal must be reasonable and attainable in accordance with your social media following and offline personal and business relationships.
- Campaigns must explain specifically what the funds will be used for if your goal is not met.
- You may not utilize funds for charities or non-profits.