JustAnotherNut
Platinum Member
- Dec 31, 2015
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This site explains how go fund me works.
How does GoFundMe actually work?
When it comes to personal campaigns, GoFundMe has the lowest fees in the industry. The platform doesn’t take anything from individual campaigns, instead charging a 2.9 percent payment processing fee and $0.30 per donation. Charitable campaigns are a different matter. Registered non-profits that use the GoFundMe platform are charged 7.9 percent plus $0.30 fee for each donation. The tradeoff is donors get a receipt that makes their contribution tax deductible.
I never knew there were other funding sites.
Thing is, them taking that 2.9% + .30 per donation fee can add up. True that any funds raised are much appreciated and the fees charged may not seem like much...… but those that are in desperate situations need every penny donated, so it does seem a bit deceptive, just because the donors aren't made aware that the recipient won't receive 100% of their donation.
They are not taking from the funds.
The donors pay that extra in order to maintain the site.
no they don't...…….I only paid an optional tip with Gracie's fund. Did you pay more?
As I'd stated previously on another campaign from a few years ago......they deducted those fees from the recipients end at the point of withdraw, not added to the donors end. IOW, the campaign raised X amount of dollars, but the recipient only received and could withdraw X amount minus the fee amounts.
With Gracie's campaign, there was the option to pay a tip that you can choose what amount, if any of the tip...…..I'd not seen that before.
