With this 0% platform fee, we will rely on voluntary tips from our donors to help with the costs associated with providing our best-in-class customer service, trust & safety protections, and social fundraising technology.” “From the beginning, our giving community has been incredibly generous. GoFundMe is always looking for ways to make fundraising easier, faster, and more successful, and this time of year made perfect sense for introducing this pricing structure,” said Rob Solomon, GoFundMe CEO, in a statement.
“The holidays are a time for giving and generosity. Personal campaigns, however, are still being charged a fee of between 6.9 percent and 8.8 percent on Facebook. GoFundMe said it is intentionally timing the change with the upcoming holiday season, although there is probably an eye to competition here: Facebook just yesterday announced that it was cutting the fees on its platform for campaigns from organisations, as a way of driving more organisations to using its platform over others for raising money. only for now), and it will instead rely on optional tips to generate revenues from these campaigns. GoFundMe is dropping the five percent Platform Fee that it charges to individuals when they launch personal campaigns on the platform (in the U.S. GoFundMe, the popular fundraising juggernaut that now has 50 million users and has raised over $5 billion in funding for causes to date, is making an interesting change today that could see those numbers getting a boost - or at least help it fend off competition from other fundraising platforms like Facebook’s.