Cash Fund FAQ
Q: What is Giftstart's Cash Fund for Baby Registries?
A: Giftstart's Cash Fund is a feature designed to help expecting parents receive financial contributions conveniently as part of their baby registry. This user-friendly tool simplifies the process of receiving monetary gifts from friends and family.
Q: How to Create a Cash Fund on Giftstart's Baby Registry?
A: To create a Cash Fund, simply log in to your Giftstart account and visit your baby registry. Add a Cash Fund with your chosen contribution amount or opt for unlimited contributions. You can also set a due date or end date for each Cash Fund to specify when you'd like to receive the funds.
Q: How can I share my Cash Fund with friends and family?
A: Easily share your Cash Fund with loved ones by sending them a link to your registry, which includes the Cash Fund. Share via email, social media, or any preferred method to ensure your friends and family can effortlessly access the Cash Fund and contribute.
Q: Can I customize the contribution amount for my Cash Fund?
A: Yes, you have the flexibility to set the contribution amount for your Cash Fund, whether you have a specific amount in mind or prefer unlimited contributions. Giftstart accommodates your preferences.
Q: Who Can See Cash Fund Details?
Can anyone see the total contribution amount and details of who gifted how much in a Cash Fund?
A: No, only the fund creator or the Cash Fund owner has access to the total contributed amount and detailed information on who gifted how much. Gift givers can only view their own contribution information, ensuring a private and personalized experience.
Q: How and when will I receive the contributions made to my Cash Fund?
A: Contributions made to your Cash Fund are transferred via Interac eTransfer within 5-15 business days after the due date or end date. This secure and efficient method ensures timely receipt of the funds.
Q: Is Giftstart's payment processing secure?
A: Absolutely! Giftstart uses Square to process payments, ensuring a high level of security and convenience for both contributors and recipients. Your financial information is safeguarded throughout the process.
Q: Can I set up multiple Cash Funds on my baby registry?
A: Yes, you can create multiple Cash Funds on your baby registry, each with its own unique purpose or due date. This allows you to receive contributions for various needs or events related to your new arrival.
Q: What happens if I don't reach the set contribution goal by the due date?
A: If you don't reach the set contribution goal by the due date, the funds contributed will still be transferred to you as scheduled, and you can use these funds as you wish, even if the goal isn't met.
Q: Are there any fees associated with using Giftstart's Cash Fund feature?
A: Giftstart charges a processing fee of 0.99% on contributions to Cash Funds. Additionally, Square, our payment processing partner, charges a fee of 2.9% + 30¢ for each contribution, and there is a one time $1.50 fee for Interac eTransfers.
Q: Can I edit or close a Cash Fund once it's been created?
A: Yes. You can edit or close a Cash Fund at any time before the due date or end date. If your circumstances change, you can adjust the details of your Cash Fund as needed.
Q: If I choose to delete my Cash Fund, what will happen?
A: Once a Cash Fund is deleted, the Cash Fund will automatically be closed. In the event that there is any remaining balance or previous contributions made to this Cash Fund, all remaining balances will be paid out within 5-15 business days. Rest assured, we aim to efficiently process these payouts to ensure a smooth experience for our users.
If you have any further inquiries, feel free to reach out to our support team.