How Much Percentage Does Go Fund Me Take

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How Much Percentage Does GoFundMe Take?

GoFundMe is a popular online fundraising platform that allows individuals and organizations to raise money for various causes. While it’s a great way to gather financial support, it’s important to understand the fees associated with using the platform.

GoFundMe Fees

GoFundMe charges two types of fees:

  • Platform fee: This is a fee that GoFundMe charges for using its platform. The platform fee is 5% of all donations received.
  • Payment processing fee: This is a fee that GoFundMe charges for processing donations. The payment processing fee is 2.9% of all donations received, plus $0.30 per donation.

For example, if you receive a $100 donation, GoFundMe will charge a $5 platform fee and a $2.90 + $0.30 payment processing fee, for a total of $7.90.

Additional Fees

In addition to the platform fee and payment processing fee, GoFundMe may also charge additional fees in certain cases. These additional fees may include:

  • Currency conversion fee: If you receive donations in a currency other than your campaign’s currency, GoFundMe may charge a currency conversion fee. The currency conversion fee varies depending on the currency exchange rate.
  • Withdrawal fee: If you withdraw your funds from GoFundMe, you may be charged a withdrawal fee. The withdrawal fee varies depending on the withdrawal method.

How to Avoid GoFundMe Fees

There are a few ways to avoid GoFundMe fees:

  • Use a different fundraising platform: There are other online fundraising platforms that charge lower fees than GoFundMe. Some popular alternatives include Kickstarter, Indiegogo, and PayPal Giving Fund.
  • Accept donations offline: You can also accept donations offline by setting up a bank account or PayPal account. This will allow you to avoid GoFundMe fees altogether.

Conclusion

GoFundMe is a great way to raise money for a variety of causes. However, it’s important to be aware of the fees associated with using the platform. By understanding the fees and taking steps to avoid them, you can maximize the amount of money you raise for your cause.

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