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.
16 ‘GoFundMe.com’ Reviews
try youcaring.com instead!
I really like the idea of crowdfunding, because there are a lot of people that need help and there are a lot of people who want to help and getting those people connected is an awesome idea. I've donated through gofundme to people/causes that were close to my heart but when I set up my own crowdfunding, I chose not to use gofundme because of the 5% on top of the 2.9% that WePay charges. I used youcaring.com instead because they take zero percent for themselves. 2.9% is still taken by WePay (or PayPal) but they keep their website operating by donations instead of mandatory fees.
Worked for us
I set up a go fund me account to help defray the costs of my nephew's unanticipated and untimely death. While we did not reach our goal: we did raise some funds to help defray a small portion of the costs.
While the fees may seem high to the lay person: any business person will recognize that those fees are paid to the banks for processing. I doubt that the site is very profitable, if it is even profitable at all. It would behoove people to understand that the banks get a piece of every pie every time you use that little magic card you carry to and fro.
Works for me
Yes, the fees seem a tad steep but it's a great tool for being able to cast a wide fundraising net. I have not received any information to indicate that my name is being sold to other fundraising venues as said in another post. People like options and this site is delivering in that way for me!
Don't Go Fund Me
I have put up donation sites 3 or four different times to help me get a car to take my daughter to Children's Hospital 2 hours away, to help better myself by buying a home, and recently to help my sister get her and her husband to his mom's because she died. Not one person donated. They make YOU do all the work, and what if you don't know what you are doing? They're not there for you. So, I don't recommend this JOKE of a website to ANY body.