FAQ
Frequently Asked Questions
Football & Commercialization
In recent years, the commercialization of football has intensified. With multi-club ownership and questionable investor deals, football is drifting further away from those who make the sport what it is—the fans.
CrowdTransfer offers an alternative to large investors and multi-club ownership structures. With CrowdTransfer, fans can directly co-finance their club. They can express their appreciation for players and the necessity of transfers by funding the respective campaigns. This approach helps restore the closeness between clubs and fans that has been lost in recent years.
CrowdTransfer is committed to giving fans the recognition they deserve!
What solutions does CrowdTransfer offer?
CrowdTransfer provides a platform where fans can support their club by co-financing players and earning financial returns based on the players’ performance. It enables fan engagement through social perks for contributors, such as VIP tickets and player meet-and-greets.
What can I co-finance?
There are three categories:
- Fund Transfer: You can finance transfers announced by the clubs, such as for a new striker.
- Fund Player: You can finance players already at your favorite club. These funds can be used, for example, for contract extensions.
- Fund Team: You can co-finance the entire team of your favorite club. These funds can be used, for example, for contract extensions, player salaries, or expanding the team’s training facilities.
How does the financing process work?
- The club lists a funding campaign for transfers or players and defines the rewards.
- Fans fund their preferred transfers or players through the app. Depending on the amount contributed, fans qualify for various social perks. They also receive rewards based on player performance.
- If the funding is successful, the club receives the collected funds and proceeds with the transfer.
- After the player’s contract ends, or after a period defined by the club, the fan receives rewards based on the player’s and club’s performance.
Who determines the rewards, and what rewards are available?
The clubs decide what rewards they want to offer. The rewards are divided into three categories:
- Social Perks: Fans can receive social perks based on their contribution level, such as VIP season tickets, autographed cards, etc.
- Premiums: Payments fans can receive repeatedly during the contract period, such as a payout for each goal scored.
- Rewards: Payments fans receive at the end of the contract, such as a payout if the player scores more than five goals in a season on average.
When will I receive my payouts?
This depends on the rewards offered for the transfer or player you funded. You can find your investments in your portfolio. Generally, social perks are offered after reaching a certain contribution level, and the club will contact you. Premiums can be paid multiple times during the contract period. Rewards are paid out at the end of the contract period.
How long does the funding last before I receive repayment?
Transfer and player fundings run for the entire duration of the contract between the player and the club, but for a maximum of 10 years.
For team fundings, the duration is specified in the respective funding description, with a maximum duration of 10 years as well.
What are the benefits for clubs?
- Easier access to more capital for better players.
- Bottom-up financing of transfers, reducing financial risks or impacts on the club’s independence.
- Closer interaction with fans through social perks.
What are the benefits for fans?
Fans can support their favorite club while earning financial returns.
How does CrowdTransfer make money?
CrowdTransfer charges a 1% transaction fee on all deposits from fans and payouts to clubs.
What happens to my financial contributions if CrowdTransfer goes bankrupt?
The contracts are only between the clubs and the fans. CrowdTransfer merely provides a platform with software and contract creation. Even if CrowdTransfer were to go bankrupt, the funds would be safe because the contracts are solely between the club and the fan.
What do the minimum and maximum funding amounts mean?
The minimum funding amount is the amount the club aims to raise.
The maximum funding amount is the funding limit. Once this limit is reached, the project is closed to further contributions.
What happens if the club does not accept the funding?
The entire funding amount will be refunded to the investors. There are no costs for the investors in this case. However, depending on the payment method, the payment provider may charge fees.
Can I cancel a funding?
No, a funding cannot be canceled from the fan’s side.
Why do I need a wallet?
You need a wallet to co-finance various projects. CrowdTransfer uses stablecoins, which are pegged 1:1 to the corresponding fiat currencies, to transfer funds efficiently and securely between fans and clubs.
What additional risks arise from using cryptocurrencies?
We use stablecoins (e.g., ZCHF) that are pegged to the corresponding fiat currencies (e.g., CHF). The stablecoins are equivalent in value to the fiat currency on a 1:1 basis. Therefore, no new risks arise from using cryptocurrencies.
How can I transfer money to my wallet?
You can easily deposit money from your bank account to your wallet via credit card or bank transfer. When you choose to support a project, you will be automatically redirected to the appropriate page.
How can I transfer money from my wallet to my bank account?
To transfer money from your wallet to your bank account, simply log in to your CrowdTransfer account and go to your wallet. There you will find the option “Withdraw” or “Transfer money to bank account.” Enter the desired amount, and if you haven’t already, provide your bank details such as IBAN and BIC. Then, confirm the transaction, and the money will be transferred to your bank account. Please note that processing times may vary depending on the bank.