Frequently Asked Questions
What is GoFundMe and how does it work?
GoFundMe is a popular crowdfunding platform that enables individuals to raise money for personal causes, charitable events, and community projects. Users can create campaigns by setting a fundraising goal and sharing their story with potential donors. The platform facilitates sharing campaigns via social media, email, and other channels. Donors can contribute directly through the website or app, and campaign organizers can withdraw funds directly to their bank accounts.
Is there a fee to use GoFundMe?
Yes, while starting a campaign is free, GoFundMe charges a standard transaction fee of 2.9% plus $0.30 per donation to cover payment processing and platform maintenance costs. Donors may also choose to leave a voluntary tip to support GoFundMe's operations. Organizers should account for these fees when setting their fundraising goals.
How long does it take to receive funds from a GoFundMe campaign?
Funds can typically be withdrawn within 2 to 5 business days after a donation is received. The exact timing may vary depending on the user's location and bank processing times. Campaign organizers should ensure correct bank account details are provided to prevent delays. Updates on withdrawal status are available through the platform.
Can I run a GoFundMe campaign from any country?
GoFundMe is available in many countries, but not all. Users should check the GoFundMe website to determine if their country is supported. To be eligible, the organizer must have a valid bank account in a supported country and meet age requirements. The platform is expanding to new regions; users should check for the most recent updates regarding availability.
What happens if a GoFundMe campaign doesn't reach its goal?
On GoFundMe, campaign organizers can keep all donations received, regardless of whether the goal is met. Funds can be used for their intended purpose even if the target isn't reached. It is important for organizers to communicate transparently with donors about how the funds will be used, especially if the goal is not achieved, to maintain trust.
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