GoFundMe.com is a crowdfunding website which says they offer anyone the ability to create their own donation page as a safe, legit way to collect donations for life events, projects, and special causes.
To get started with GoFundMe.com, you simply need to create your donation page to tell the story of what you are collecting money for and why, then share it with your friends and family to start collecting donations.
The page you create will have all the tools necessary to collect donations from either debit or credit cards, and you will be able to track visits to your page and review donor information.
You can crowfund through this website in three different ways. First, if you are collecting money for a charity, you can select Charity Fundraising and the donations received by your site will automatically be deducted on a monthly basis and sent to the charity.
Or you can simply make a personal page where the project or event of your choice can be funded. Though you create a deadline and a goal amount of money that you are trying to raise, your page can exist beyond these limits and allow you to collect as much money as people are willing to donate.
Finally, they offer the All or Nothing option, which functions like popular crowdfunding site Kickstarter. This means that if you do not reach the funding amount you designate by the time your deadline rolls around, all donations will result in a refund; or rather, your donors will never be charged.
GoFundMe.com will automatically deduct a 5% fee from each donation you receive. In addition, when you register your donation page, a WePay payment processing account will be set up for you.
When you withdraw your money through the WePay account, a fee of 2.9% plus 30 cents will be administered. It is important to keep the cost of these fees in mind when setting your goal amount.
If you have any experience with this website, please leave your GoFundMe.com reviews below.
56 ‘GoFundMe.com’ Reviews
First hand GFM experience
I cannot speak to anything about GoFundMe.com other than my personal experience. Early last week I learned of a good friiend that had just had a medical emergency that resulted in my desire to assist him. I had only heard of GoFundMe but had no experience or know anyone that had. I read their information along with some good and bad reviews. I was skeptical but knew the clock was ticking on getting something done. I followed the prompts on the GFM site and very easily established a campaign to help raise money. I set the goal at $5,000 and started to promote on Facebook and my personnel email list. In just two days we had reached our goal. Knowing that they were going to charge 5% plus the credit card processor was going to access 2.9%, I let the campaign stay live for two more days in hopes of getting enough added donations to cover the roughly 8% in fees. The total raised during those four days was $5255. The amount of money that was transferred to our friend was $4800. It could not have been any smoother and I am 100% satisfied with the entire process. The service and systems that are provided by GFM is well worth the 5% they charge. I started on Tuesday morning and was done with the entire deal by Satuday off the same week. That is how well it worked for me.
I wish I knew more about all the horror stories I read about. I would like to hear an explanation from GFM regarding the many bad reviews out there.
GoFundMe is a SCAM!!!
I set up a GoFundMe account for a friend who's husband and son were killed in an airplane crash as a way to help them with their expenses. After all was said and done and funds were transferred to the widow and her 3 remaining children, GoFundMe & WePay began randomly taking money out of my bank account and was not helpful in resolving issue and continued taking money out of account. After repeatedly asking and then demanding for them to delete our account and all information contained therein, I had to dispute the charges with my bank and put a stop payment on any future payments that they may attempt to do. I finally had to have our attorney write them a letter and contact the authorities for their illegal activities before they ended up sending an email apologizing and saying that they would willing refund all of the money that they had "taken by accident".
What a bunch of BS. They are nothing but a scam company! So beware!!!
Tried to put up a GoFundMe page to help offset the cost of testing for a kidney transplant to help me get off dialysis. Just the testing, not even the transplant itself. Without knowing hot to promote the page, or how to get people to think it wasn't some sort of scam, I kept it up for two months and received absolutely NOTHING. Even the Kidney Foundation suggested GoFundMe, but even that made no difference. I am still on dialysis, have been for six years, getting weaker, and don't see how this is going to end in my favor. In about 2 years or maybe less, I will likely become even weaker, less functional, barely able to even get to my treatments, and my body will simply give out from toxin accumulation. GoFundMe? More like GoAwayAndDie.
Not Very Effective
I set up a page attempting to raise money for a project I wanted to get off of the ground, a project I felt would benefit a great number of people. People saw my page, some liked it, some commented, some shared it but no one gave me a dime. On top of that, I felt pitied as one response was “I’ll be praying for you and your family.” I was made to feel like a begging, destitute person, when in reality I was just doing some fundraising. It took a lot for me to swallow my pride and even give asking a shot, but I didn’t receive any payoff for it and ended up coming away from the experience with even less faith in humanity.