I have funded a number of projects and far too many are scams. They are scams because they have convinced KS to greenlight their project of which then unsuspecting backers fund under the understanding that KS has actually done the research on it properly. Quite often these are scams where there is a fake (usually US) company which isn't the case at all. When the project is funded, KS releases the money to the creator and you never hear from them again and will never get your money back. It is a shame as there is some great stuff being created by ethical people which is being obscured by pirates that KS cannot be bothered to do due diligence on. They SHOULD give backers much better and more visible information on the risk of the specific project and be GRADED ON RISK (ie rate based on whether the creator is based where they say they are (and provide social media links), how many successful projects have taken place, have they a good reputation on other crowdfunding sites, etc). In addition there should be an insurance doubling the threshold to greenlight a project so that if it is a scam then the backers can get some money back. The money can be released in phases to the creator to make sure the creator doesn't simply take the money and run. As KS is the payment gateway it is EXTREMELY DIFFICULT to get your credit card company to get your money back as usually its long after 30 days of the transaction you find out it is a rip off and KS will do nothing to chase after your money. All KS says is to ask for your money back directly from the backer. HOW LIKELY IS A SCAMMER GOING TO VOLUNTARILY REFUND YOU?! Scammers use KS as legitimate cover as they are too risky for payment processors to offer them accounts so KS is the happy conduit of fraud. KS need to provide much better information and safeguards and be MUCH MORE EXPLICIT IN HIGH RISK PROJECTS/SCAMS as there is very little accountability. It is a shame as there is some great stuff being created that needs crowdfunding being drowned out by scammers and KS' ineptitude
