Receiving Your Funds on IIRN

Fund Collection and Payout Timeline

• Immediate Charge to Backers: Once backers pledge to your project, their contributions are directly charged from their cards.
• Processing Window: There is a 14-day period after your project's deadline dedicated to collecting and processing these pledges.
• Payout Initiation: The payout process starts exactly 14 days after your campaign concludes. For instance, if your campaign ends at 7:00 PM EST on April 1st, the payout process will begin at 7:00 PM EST on April 15th.
• Non-Business Days: If the payout falls on a non-business day, your bank might only reflect the transaction on the next working day.

Receiving the Payout

• Single Transaction Transfer: The total funds raised will be transferred in one transaction. This will be listed in your bank statement as coming from 'Innovative Ideas Resources Network EST'.
• No Split Transactions: It's important to note that it's not possible to divide your project's funds into multiple transactions or distribute them across different bank accounts. Timeline for Fund Availability.
• Bank Processing Time: After the payout is initiated, it may take an additional 5-7 business days for the funds to be reflected in your bank account, depending on your financial institution.

Troubleshooting and Support

• Delayed Visibility: If you don't see the funds in your account within two weeks from the payout initiation, it's advisable to consult your bank. Provide them with the payout date and amount for reference.
• Further Assistance: In case the funds are still untraceable after contacting your bank, please get in touch with our Support team for further help.