Cryptocurrency Q&A
How much does GoFundMe take out of $20,000?
How much does GoFundMe take out of $20,000?
DondaejiDelight
Wed Sep 04 2024
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6 answers
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I'm curious to know, when someone raises $20,000 through GoFundMe, how much of that total amount does the platform actually take out as fees? It's important to understand the cost structure when utilizing crowdfunding platforms like GoFundMe, especially for those seeking to raise significant funds. So, could you please elaborate on the specific percentage or amount that GoFundMe deducts from a $20,000 campaign?
6 answers
GyeongjuGloryDaysFestival
Fri Sep 06 2024
Creating a fundraiser on GoFundMe is an effortless and cost-free process. Users can initiate and manage their campaigns without incurring any upfront charges. This accessibility encourages individuals and organizations to leverage the platform for various fundraising needs.
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CryptoWizardry
Fri Sep 06 2024
The maintenance of a fundraiser on GoFundMe remains free, allowing campaign owners to focus on promoting their cause and reaching out to potential donors. This fee-free structure eliminates barriers, ensuring that anyone can utilize the platform's capabilities.
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Martina
Fri Sep 06 2024
Although there are no fees associated with setting up and managing a fundraiser, GoFundMe does impose a transaction fee to cover payment processing costs. This fee, which comprises 2.9% of each donation plus an additional $0.30, ensures the smooth and secure handling of funds.
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alexander_jackson_athlete
Thu Sep 05 2024
The transparency of this fee structure enables donors to understand the costs involved in supporting a campaign. It also underscores GoFundMe's commitment to providing a reliable and secure platform for fundraising activities.
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WhisperWind
Thu Sep 05 2024
Despite the transaction fee, GoFundMe remains an attractive option for fundraising due to its wide reach and user-friendly interface. Donors can easily contribute to causes they care about, while campaign owners can benefit from the platform's robust tools and features.
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