About GoFundMe.
Originally created as “CreateAFund” in 2008 but later changed to GoFundMe. The website is an American for-profit crowdfunding platform, founded in May, 2010 by Brad Damphousse and Andrew Ballester, that allows people globally to raise money for events ranging from life events such as celebrations and graduations to challenging circumstances like accidents and illnesses.
The company is based in Redwood City, California, with offices in San Diego and Dublin, and with operations in France, Spain, Germany, Italy and the United Kingdom.
What is GoFundMe?
GoFundMe as a platform allows a community of more than 50 million donors and helped organizers raise over $5 billion.
It essentially is a secure way to collect and distribute electronic payments or donations. Users create campaigns to address a need. They set a goal, or how much they hope to raise, then describe why they need the money through stories and photographs.
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GoFundMe currently collects a 2.9 percent processing fee and 30 cents on each donation.
Who can use GoFundMe?
If you are wondering who can use the platform, it would interest you to know that just about anybody can! Although, there are certain nations where you cannot create an account, but someone can create an account for you from the eligible locations. Majority of the fundraisings were started by people for others.
How can I start a fundraising on GoFundMe?
First you tell your story and set a goal, then you will receive a fundraising page to accept donations and share your fundraiser. Signing up is easy and every donation is yours to keep, whether or not you reach your goal.
GoFundMe makes it incredibly easy to raise money online for the things that matter to you most. In just a few minutes, you’ll be able to personalize your fundraiser and share it with the people in your life.
What can I raise money for on GoFundMe?
People use GoFundMe to raise money for themselves, friends and family, or even complete strangers in random acts of kindness. People raise money for just about everything, range from medical expenses, education costs, volunteer programs, youth sports, funerals & memorials, to even animals & pets.
Are GoFundMe donations capped?
No. GoFundMe donations do not carry limits.
How do I withdraw funds from my fundraiser?
Once your GoFundMe starts receiving online donations, you can easily request a withdrawal at any time. Withdrawing money does not affect the progress meter displayed on your fundraiser. Simply click ‘Withdraw’ while logged into your account and follow the instructions. You can withdraw your balance directly to your bank account. Bank transfers take 2-5 business days to arrive.
Click here to see requirements to receive funds
Do all fundraisers make money?
Fundraisers often make money, while some end without coming close to their goals.
Can GoFundMe be used for scams?
Yes. One common method is for scammers to hijack existing pictures and stories and direct donations to their own sites. Others simply create fake sympathy campaigns.
What countries are supported on GoFundMe?
Currently, a total of 19 countries can withdraw funds from the platform.
Fundraiser must be created in one of the following countries :
Australia | Austria | Belgium | Canada |
Denmark | Finland | France | Germany |
Ireland | Italy | Luxembourg | Netherlands |
Norway | Portugal | Spain | Sweden |
Switzerland | United Kingdom | United States |
*United States Territories
GoFundMe is not supported in the following US territories:
- American Samoa
- Guam
- Northern Mariana Islands
- Puerto Rico
- U.S. Virgin Islands.
Are funds guaranteed?
Yes. GoFundMe guarantees funds raised go to the victims and their families.
If the company, a law enforcement agency or a user finds campaigns are misused, donors are fully protected and will receive a refund. If a campaign organizer does not deliver funds to the intended recipient, GoFundMe will donate the undelivered amount to the right person.
Can GoFundMe freeze accounts?
Yes. If questions arise, the company will hold funds unless the beneficiary is verified.
Summary
Undoubtedly, GoFundMe is one of the the best place to fundraise, whether you are an individual, group, or organization, what is that project ahead of you requiring funding? Try GoFundMe!