How Much Does Go Fund Me Charge in Fees?

gofundme fees

What is GoFundMe?


GoFundMe is an online source that makes it incredibly easy for people to raise money for various situations. This is one of the most worldwide crowdfunding sites. These accounts are usually made to help with costs of emergency situations, web accounts that collect donations and simple fundraisers. As opposed to creating your own fundraiser, with advertising and website hosting costs eating into the money you raise (even with a working voucher), GoFundMe offers a free platform that handles payments for you. But is it completely free?

It is a short process to set up the entire account. And, the website also allows for a great number of aspects personalization to be changed for your own personalization. This fundraising tool is very popular and it has been around for quite a while, the success rates are very high.

What to know before starting a Go Fund Me account?


You should know that GoFundMe has helped users raise over 5 billion dollars throughout the lifespan of this platform. So before you start your campaign, understand that there are millions of success stories associated with this company and you too can be one of them.
The website also has an app for iPhones that can be downloaded and it offers 24/7 customer service and support for both users and donors. There is a 0% platform fee, which means that everything is completely free to start your GoFundMe account and your actual campaign.
The website is practically simple enough to start your campaign, personalize it and share it with your audience all within a few short minutes.

GoFundMe’s Fees Are As Follows:

GoFundMe has a 0% platform fee, which means that it’s completely free to start a page. However, there is a credit card processing fee of $0.30 that is charged for every donation. This fee is accompanied by another deduction of 2.9%, a standard transaction with the sole purpose to ensure the safe transfer of the donors’ of funds.


As stated before, if you are starting your campaign and you are accepting any of the following: US Dollars, British pounds, or Canadian dollars then that 0% platform fee still applies to you. There are certain European countries that are free as well as others that have fees. There is a list that can be found on the website for other countries of the world, so you should definitely check into that if you plan on using any other forms of currency.

What payment methods are accepted?


GoFundMe accepts a wide variety of payment methods for donations. It basically depends on your location in the world, whether or not the company accepts certain processors. Here are a few of the most commonly used payment processors. GoFundMe accepts Visa, Mastercard, Discover, American Express, Sofort (which is for German donors), GiroPay (which is for German donors) and, iDeal ( which is popular with Dutch donors.)
PayPal Accounts are also accepted but it is wise to do research if you are located outside of the United States.

How to receive your funds?


GoFundMe sends the money directly to you, which is one of the features people love the most. The platform does not restrict any donors, any amount of donation is accepted. This is absolutely one of the best sites to partner with and utilize for your fundraising needs.

Is GofundMe right for me?


GoFundMe happens to be the perfect platform for collection donations thorough online transactions for both personal reasons and crowdfunding. Because the platform does not charge excessive fees to users, the majority of them collected funds from various donors that are completely 100% profitable for the actual charitable cause. This makes it much easier for goals to be reached by reducing the amount that would otherwise be deducted for fees on other platforms.
So Gofundme me is definitely the perfect website to utilize in the event that you would like to start a campaign. The most beautiful factor is that people are really able to get the help that they are seeking. It doesn’t matter whether the cause is a memorial service, raising money for pets or even college funds, there are no limitations.
GoFundMe is strictly donation-based so the platform makes it simple and easy to be able to ask for whatever it is that you are requiring help. Your only job is to fill out the forms and complete your campaign and then you are able to share it with your audience, your friends and your family. Social media networks are very useful in these cases, that allows people everywhere to donate to you. It is completely fine if you have ever experienced hardship, just remember that tough times don’t last. You may absolutely be surprised by the number of people who are willing to help out in the time of need.
GoFundMe offers a guarantee that proves that they are trustworthy and safe and that the team is working to meet all of your needs while ensuring both donors and receivers are properly protected.

How To Set Up a Go Fund Me Page: Our Ultimate Guide

gofundme fees

Our Step-By-Step Guide For Setting up a Go Fund Me Page.

Many people have put their inventive ideas on hold due to the lack of financial resources. Thanks to crowdfunding platforms such as GoFundMe, your creativity doesn’t have to be placed on hold. Crowdfunding allows many people over the net to fund your projects whether big or small. You can think of it more like sourcing a crowd of people in request for a financial donation to support your cause but via the internet.

Unlike many crowdfunding platforms, GoFundMe does not necessarily reward its donators. Some platforms offer a reward in exchange for generous donations. GoFundMe does not. Users of the platform can choose to offer a reward to donators, however, that is not common. Generous people that often give to GoFundMe campaigns typically do so based on wanting to support a great cause. Why start a GoFundMe campaign anyway?

Reasons To Start A GoFundMe Campaign

GoFundMe isn’t just for those who have the entrepreneurial spirit. In fact, you don’t have to be business-minded at all to start a campaign. You don’t even have to want or need donations for yourself personally. You can start a campaign to help support a need of a friend. Below is a list of reasons people have started GoFundMe campaigns. The list doesn’t stop here.

Reasons

  • Transportation For The Employed – Years ago someone started a GoFundMe for an older gentleman that got up at five in the morning to ride his bike to work. He had been following his routine for many years before someone started him a GoFundMe.
  • Raise Money To Feed The Homeless
  • Help With Surgery Expense
  • Help A City Or Town Recover From A Natural Disaster
  • Memorial Funding
  • Start A Local Business

GoFundMe Tutorial

So you’ve heard enough about GoFundMe and now your ready to sign up and start your first campaign. Follow the simple tutorial outlined here. When you get to the official website you should see a green button that says Start a GoFundMe.

Account Sign Up:

how to start a GoFundMe fundraiser

The First Steps To Setting Up Your GoFundMe Page:

  • Click Start a GoFundMe button
  • Sign up using Facebook account or Email address
  • Enter Full Name, Email Twice and a Password
  • Enter Campaign Title, Fundraising For Who?, Your Zip Code, Campaign Category and Fundraising Amount
  • Select Individual if you plan to promote alone
  • Add Cover Photo and YouTube Video
  • On the next page you will explain why your fundraising
  • Click Start Sharing green button to get your GoFundMe link
  • Click Next
  • Click Manage Fundraiser – You will be taken to your campaign. From there you can click view to see what donors would view on your campaign.

Withdrawal Process

Withdrawing to your bank account is simple. After creating your campaign you need to click withdraw. You will see the withdraw link in the Manage GoFundMe section. Click the green button that says Set Up Withdrawals. You will receive a verification link to your email. After verifying through the email you will need to verify through text also. You want to set up Withdrawals within the first thirty days to avoid confusion.

You will need to enter the last four digits of your social security number into GoFundMe for verification. You also need to input your bank name, account number and routing number to receive your funds. You can sign up for a free account with American Express Blue Bird or MyVanilla to receive direct deposit if you don’t already have a bank account. Both card types are reloadable in stores that participate. Withdrawals from your campaign normally take between 2 to 5 days to complete.

Fees

It’s important for you to check for GoFundMe updates. GoFundMe rarely but does update their terms and fees. To start a campaign is free. The fees would include a 2.9% transaction fee and a 0.30% per donation fee.

Fundraising Approach

Starting a campaign does not guarantee you donations. You can start sharing your link on social media sites like Facebook, YouTube and Instagram. You can also promote your campaign on your blog or pay to promote it on a blog source that receives a lot of daily traffic. Always encourage people to share your link whether they plan to donate or not.

Start Your First Campaign

I know by now you should see the value in starting a GoFundMe campaign. It’s a powerful way to bring thousands of people together to support a common cause. Always play fair when signing up to start your campaign. Never seek to take advantage of good people that work for their hard-earned money. If you think someone can benefit from this information be sure to share this post on your social media accounts.