GoFundMe is a crowdfunding platform enabling people to raise money for different life events.
What is GoFundMe all about?
The beauty of GoFundMe is that it allows campaign organizers to invite others to take part in their story. Just as we share parts of our lives on Facebook, we also want to share our dreams, pursuits, celebrations and challenges online with crowdfunding. People will always be eager to support others they care about. GoFundMe removes the physical barriers traditionally associated with receiving financial support from the people in our lives.
How much does it cost to use GoFundMe?
GoFundMe operates on only a 5% fee deducted from each donation received. A small processing fee of about 3% will also be deducted from each donation.
Why does GoFundMe have to charge 5%?
GoFundMe has major operating expenses like any popular internet service including technology, infrastructure, payroll and benefits for our dedicated team of employees. We have purposely created a business model that allows users to sign up and launch their campaign for free. Visitors to our users' campaigns are greeted with a frustration-free giving experience, void of advertisements and other distractions - helping our users raise even more money.
What are the most popular ways people use GoFundMe?
The top 5 areas of usage on GoFundMe are 1) Medical 2) Educational 3) Volunteerism 4) Personal Emergencies and 5) Sports & Teams.
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GoFundMe allows individuals and groups to post appeals for everything from requests for funds to pay for surgery to finances for family vacations. But the platform is crowded and only those with notoriety or especially sympathetic stories are guaranteed to obtain the funding they seek.
I tried a fundraiser to cover some unexpected bills on GoFundMe and didn't raise a penny. Things like this only work if you have a crowd to help, including donors to contribute "seed" money. Otherwise, you're just one of thousands of strangers asking for money.
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