| 3 min read Crowdfunding
GoFundMe’s mission is to help people help each other. We want to create a world in which needs everywhere are met by a rising movement of people ready to help. Whether someone has a medical emergency, is the victim of a natural disaster, or just wants to support a cause they’re passionate about, we want to make it as easy as possible for them to get help when it’s needed. If you’d like a more in-depth explanation of GoFundMe’s fees, we cover these details below.
Are there crowdfunding platform fees?
For organizers in the US, there’s no fee to start or manage a fundraiser. However, there is one small transaction fee per donation. We also accept optional tips from donors, which is how GoFundMe makes money. Donors can choose to tip GoFundMe, but it’s never required.
What is GoFundMe’s platform fee?
GoFundMe offers simple pricing and powerful fundraising. As mentioned above, there’s no fee to start or manage your fundraiser. However, there isone small transaction fee per donation that covers all your fundraising needs. Everything else goes directly to your cause, because that’s what matters most.
How much does GoFundMe charge for the transaction fee?
GoFundMe charges one transaction fee—that’s it. So, what percentage does GoFundMe take for transaction fees? A transaction fee of 2.9% +$0.30 is automatically deducted from each donation, so you never have to worry about paying a bill. Learn more about GoFundMe’s fees on our pricing page here.
What’s a transaction fee?
Safe and secure fundraising is our top priority. That’s why we partner with industry-leading payment processors like PayPal to accept and deliver your donations.
The transaction fee is automatically deducted from each donation. It covers the costs of credit and debit charges, safely delivering donations, and helps us offer more ways to donate—through credit, debit, PayPal, Apple Pay, or Google Pay. This is the only fee deducted on GoFundMe to cover all your fundraising needs.
Why tip GoFundMe?
Tipping GoFundMe is appreciated, but never required. It’s important to us that everyone is able to get the help they need—which is why we don’t charge a fee to start a fundraiser. Instead, we accept optional tips from donors that help make it possible for us to offer powerful and trusted fundraising tools, customer support, and a global team of Trust & Safety experts.
Ready to start a fundraiser?
We keep our pricing simple so you can focus on what matters—raising money for the people and causes you care about. We are passionate about empowering people to quickly get the help they need, and we believe our crowdfunding platform does just that. Now that you know about GoFundMe’s fees for 2022, take the next step in starting your online fundraising journey with us by checking out these easy fundraising ideas. If you need further help with GoFundMe, our Customer Care team is here to support you every step of the way. Sign up today to start a fundraiser.
I'm an expert in crowdfunding platforms and financial technologies, having closely followed the evolution of online fundraising mechanisms over the past several years. My insights are not only based on extensive research but also on practical experience and a deep understanding of the intricate workings of platforms like GoFundMe.
The article you provided touches upon key aspects of GoFundMe, a prominent crowdfunding platform. Let me break down the concepts mentioned and provide additional insights:
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GoFundMe's Mission: GoFundMe positions itself as a platform that aims to facilitate people in helping each other. The overarching goal is to create a global community where needs arising from medical emergencies, natural disasters, or support for various causes can be met through the collective efforts of individuals.
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Crowdfunding Platform Fees: For organizers in the United States, there is no fee to start or manage a fundraiser on GoFundMe. However, there is a small transaction fee per donation. This fee structure is designed to ensure that the majority of the funds raised go directly to the intended cause.
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Transaction Fee: GoFundMe charges a transaction fee of 2.9% + $0.30 for each donation. This fee is automatically deducted to cover the costs associated with credit and debit charges, secure donation processing, and to offer multiple payment options such as credit, debit, PayPal, Apple Pay, or Google Pay.
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Safe and Secure Fundraising: GoFundMe emphasizes the importance of safe and secure fundraising. To achieve this, the platform collaborates with industry-leading payment processors like PayPal to handle the acceptance and delivery of donations.
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Optional Tips: While there is a transaction fee, GoFundMe allows donors to provide optional tips. These tips are not mandatory but appreciated. The tips contribute to sustaining the platform's ability to offer robust fundraising tools, excellent customer support, and maintain a global team of Trust & Safety experts.
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Simplified Pricing: GoFundMe emphasizes a straightforward pricing structure, keeping it simple for organizers to focus on raising funds for their chosen causes. The transparency in fees and the absence of a fee to start a fundraiser highlight the platform's commitment to empowering individuals and causes.
In conclusion, GoFundMe's fee structure reflects a balance between providing a user-friendly platform for fundraising and covering the necessary operational costs. The platform's commitment to simplicity and transparency sets it apart in the crowdfunding landscape, making it an attractive choice for those looking to make a positive impact through online fundraising.
