{"id":97694,"date":"2024-09-22T12:34:13","date_gmt":"2024-09-22T12:34:13","guid":{"rendered":"https:\/\/namso-gen.co\/blog\/does-gofundme-take-a-percentage-of-the-money-raised\/"},"modified":"2024-09-22T12:34:13","modified_gmt":"2024-09-22T12:34:13","slug":"does-gofundme-take-a-percentage-of-the-money-raised","status":"publish","type":"post","link":"https:\/\/namso-gen.co\/blog\/does-gofundme-take-a-percentage-of-the-money-raised\/","title":{"rendered":"Does GoFundMe take a percentage of the money raised?"},"content":{"rendered":"

GoFundMe is a popular crowdfunding platform that allows individuals and organizations to raise money for various causes and campaigns. One of the common questions that people have about GoFundMe is whether the platform takes a percentage of the money raised. The answer to this question is yes, GoFundMe does take a percentage of the money raised, but it is important to understand how their fee structure works.<\/p>\n

GoFundMe charges a platform fee of 2.9% of the total amount raised, plus a payment processing fee of 30 cents per donation. These fees are deducted from each donation that is made to a campaign on the platform. This means that if you receive a donation of $100, GoFundMe will take $2.90 as a platform fee and 30 cents as a payment processing fee, leaving you with $96.80.<\/p>\n

It is worth noting that these fees are standard for most crowdfunding platforms, as they are necessary to cover the costs of running the platform and processing payments. While some people may be hesitant to use a platform that takes a percentage of the money raised, GoFundMe’s fees are competitive with other crowdfunding platforms and are generally considered reasonable for the services they provide.<\/p>\n

In addition to the platform and payment processing fees, GoFundMe also offers optional tips to users when they make a donation. These tips are additional amounts that donors can choose to give to GoFundMe to help support the platform and cover operating costs. While these tips are completely optional, they can add up to an additional source of revenue for GoFundMe.<\/p>\n

Overall, while GoFundMe does take a percentage of the money raised, the fees are standard for crowdfunding platforms and are used to cover the costs of running the platform and processing payments. For most people, the convenience and reach of GoFundMe outweigh the fees that are incurred, making it a popular choice for those looking to raise money for a cause or campaign.<\/p>\n

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