Cryptocurrency Q&A
How much does GoFundMe take on a $1000 donation?
How much does GoFundMe take on a $1000 donation?
Raffaele
Fri Sep 27 2024
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7 answers
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I'm curious to know, what percentage of a $1000 donation does GoFundMe actually take as a fee? As someone looking to utilize their platform for fundraising, it's important to understand the true cost of the service and how much of my donors' contributions will actually go towards the intended cause. Can you provide me with a clear breakdown of GoFundMe's fees for a $1000 donation?
7 answers
Martina
Sun Sep 29 2024
The topic of transaction fees on crowdfunding platforms such as GoFundMe is an important aspect for users to consider.
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JejuSunshineSoulMate
Sun Sep 29 2024
On GoFundMe, creating and managing a fundraiser is entirely free, allowing users to focus on their fundraising goals without any upfront costs.
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Ilaria
Sun Sep 29 2024
However, to ensure that the platform can cover the costs associated with payment processing, GoFundMe charges a small transaction fee on each donation received.
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CryptoWanderer
Sun Sep 29 2024
This fee is calculated as a percentage of the donation amount, with a base rate of 2.9% applied to all donations.
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Tommaso
Sat Sep 28 2024
In addition to this percentage-based fee, there is also a fixed fee of $0.30 charged per donation.
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