GoFundMe icon

GoFundMe icon

GoFundMe

Desktop Software Business
Description
GoFundMe is a popular crowdfunding platform that was started in 2010. The company allows individuals and businesses to create fundraising campaigns and collect donations. GoFundMe has been used for ch...aritable endeavors and for the purpose of launching new business ventures. Individuals can contribute money to campaigns, and the recipients can withdraw the money once fundraising goals have been met. Read moreless
Platforms
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GoFundMe Reviews

We have 1 review for GoFundMe. The average overall ratings is 4.0 / 5 stars.

Write a Review
grex avatar
My Opinion on GoFundMe
written by grex on 2018-03-26 08:05:01
Overall
Ease of Use
Customer Service
Value For Money

Overall Opinion: Crowdfunding harnesses the power of the Internet to help businesses and individuals raise money. GoFundMe was one of the first crowdfunding platforms to provide this service, and millions of people have used the service successfully since it was launched in 2010. It has occasionally fallen under criticism for having lax guidelines regarding the creation of campaigns. On the whole, however, most campaigns seem to be created with good intent. More than $3 billion has been raised by individuals and companies using GoFundMe as a method of promoting their fundraising needs. The process begins by creating an account and a campaign, entering a few details, and sharing the campaign with others. Those who create a campaign hope that their fundraising effort will go viral. Campaigns that go viral typically exceed the donations required to meet their goal. To assist the promotion of campaigns, GoFundMe offers convenient sharing to Twitter, Facebook, and other social media platforms. Many campaigns offer incentives to contributors. Those who donate can receive gifts and perks in exchange for their donation. The higher the contribution, the greater the perks. Unlike some crowdfunding platforms, GoFundMe has continued to allow individuals to create campaigns for a variety of reasons. People can ask for donations to cover medical expenses, college tuition, or unpaid bills. This has led some to criticize the platform. Other platforms restrict campaigns to those which are designed to finance start-ups or other business projects. In late 2017, GoFundMe changed its fee policy. Previously, individuals were charged 0.5% to use the platform. Personal campaigns that are US-based are no longer charged this fee. There is still a fee of 2.9% which goes to the payment processor that is used to withdraw funds. Fundraising campaigns that involve gambling, weapons, pornography, or controlled substances are not permitted. The platform cannot be used to promote investment schemes or the launch of cryptocurrencies. It is possible for individuals to withdraw their donations without meeting a predetermined goal. This is in contrast to the policy of some other platforms. There have been some negatives reported by GoFundMe users. Chief among these is that the platform requires a Social Security number in order to withdraw funds. Others have reported problems with the withdrawal process and poor customer support as ongoing issues.

Pros: Largest crowdfunding website No flat platform fee Open to individuals

Cons: SSN required for use Withdrawals can be complicated Customer service is lacking

grex is using GoFundMe every other week recently.

Features

  • Raise money for individuals or businesses
  • Offer perks to encourage more donations
You can always update GoFundMe to add more features!

Comments

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About This Article

This page was composed by Alternative.me and published by Alternative.me. It was created at 2018-05-01 13:44:17 and last edited by Alternative.me at 2020-03-06 07:50:24. This page has been viewed 3626 times.

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