When making a reservation, you are interested in a Community Round currently in what we call the "Testing The Waters (TTW)." This means they are taking reservations to gauge if they would have a successful Community Round.
When making a reservation, you will be asked how you intend to pay:
- If paying by ACH, Wefunder will transfer the funds from your bank to your Wefunder Cash account (https://www.wefunder.com/cash).
- If paying by Wire, Wefunder will put a request to transfer funds to your Wefunder Cash account (https://www.wefunder.com/cash). The investor must use the directions in their account (also sent via email) to initiate the transfer from their bank.
If paying by Credit Card, Wefunder will pre-authorize their credit card to ensure it is active and can be charged. The pre-authorization will drop off the credit card holder's account within 48 hours.
Why do you use Wefunder Cash?
We utilize your Wefunder Cash account to calculate the reservation commitments towards a company's metrics. We can only legally take payments towards a company's escrow account once they file their Form C. The Community Round will do this with the help of Wefunder once they receive their minimum in reservations.