Why we believe that crypto crowdfunding will continue to grow in...
Read moreThis article will compare how much GoFundMe and GoGetFunding take, as well as explaining the basics of site fees.
Crowdfunding is growing in popularity, and with good reason. Crowdfunding sites can help you step up your fundraising game, making your fundraising easier, more efficient, and potentially more successful. However, with so many crowdfunding platforms available it can be tough to choose which one is best for you.
Not all crowdfunding sites are created equal. There are significant differences in the way they run and the support they offer. It’s easy to be drawn to popular sites, such as GoFundMe, but it’s important to do your research before choosing a site to ensure you make the best choice for your needs. A significant difference between sites is often in the site fees. Let’s take a closer look.
Crowdfunding sites need funds to keep working and providing their services, which is why they charge site fees. So what services do crowdfunding sites actually provide? There are more than you might think, including:
Creating a link for you to share online, making promoting your campaign easier
Researching and curating every single detail of your campaign page so that it’s optimized for success
Offering safe payment methods to protect against fraud
Handling traffic and donations from across the world
Keeping track of your donations, storing them safely, and transferring them to you when your campaign is complete
Dealing with any technical issues that might occur
Providing customer support to help you set up and run your campaign
Depending on the site, offering handy features to help you promote your campaign as well as update and thank donors
Site fees can vary quite significantly depending on which crowdfunding site you choose, so be sure to check them before you make a choice. Typically, you won’t pay a fee upfront for running your campaign. Instead, a small percentage of your donations will be taken to cover the site’s running costs. When you’re looking for a crowdfunding site, ideally the site should take a fair but low fee.
GoFundMe is one of the most popular crowdfunding platforms, so let’s look at the fee they take. While GoFundMe previously took a 5% platform fee, in recent years they dropped this fee and instead decided to rely on ‘voluntary’, ‘automatic’ tips from donors. There is also a 2.9% transaction fee for each donation.
Rob Solomon, chief executive of GoFundMe stated: “As we’ve rolled this new model out in the US, we’ve had a huge amount of positive feedback from our community. It’s a win-win move, and we think people in the UK will recognise the outstanding service we provide – and now we’re offering that service for free.”
A tip is automatically added on their site when you go to make a donation, ranging from 12% to 15%. While you can change this tip amount or choose not to tip at all, the tip is automatically added at checkout. This means you need to manually adjust the tip amount. Some donors can find the tip feature confusing, with reviews suggesting they thought the tip was going towards the campaign total, rather than to the site itself.
So now we’ve looked at the fees GoFundMe takes, let’s compare GoGetFunding. Our site charges a 4% site fee which is lower than many competitors, along with the standard 2.9% payment processing fee for each donation. All the fees are calculated automatically so you don’t need to worry about it.
With GoGetFunding, your donors are focused on you and are encouraged to bump up their donation amount to add to your campaign total at checkout. We pride ourselves on helping you get the most out of your campaign and helping you to reach your goals.
We might be biased, but based on facts there are lots of benefits to choosing GoGetFunding for your crowdfunding campaign. GoGetFunding gives you the choice of setting a specific deadline for your personal campaign or allowing it to be ongoing, while GoFundMe doesn’t offer this option.
Our site provides a personal fundraising coach when you set up your campaign. Their support is available to you 24/7 to help you through every stage of your campaign. We’re very proactive with our PR, aiding you in promoting your campaign. We even allow support campaigns, so loved ones can fundraise for your cause with their own support page. The donations feed directly into your main page and add to your total.
There are many more benefits: if you’d like to see more direct comparisons between GoGetFunding and GoFundMe, as well as other sites, check our ‘compare’ feature. Once you’ve looked at the facts, we’re confident you’ll be ready to launch your fundraising campaign with GoGetFunding.
References
Hugh Radojev, (2018), “GoFundMe drops platform fees and will ‘rely on voluntary tips’”. Civil Society News.
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Сomments
GFM WAS WRONG TO CANCEL Kyle Rittenhouse account
How often does go find me seize funds like the money for the truckers going across Canada? Is there a safer fundraising platform that would not do bc this?
I have done a gofundme several years ago. Now impossible to set up? DO you charge person donating a fee to donate?
Hi Brenda, no there's no fee on GoGetFunding for donating
Yep, a safer option is GoGetFunding :)