We are talking about a 7 years old and number one crowdfunding platform where people can raise money for themselves, others and charities to live their life events under challenging circumstances.
The company got started on May 10, 2010, and is active under the ownership of GoFundMe, Inc. with over $5 billion funds being raised for over 2 million people by 50 million donors.
Its a free platform headquartered in Redwood City, California, United States and was founded by Andrew Ballester and Brad Damphousse in San Diego, California after working on their previous website Paygr which was designed to sell out services to the public.
They originally created the site with the name “CreateAFund” in 2008 but later changed the name to GoFundMe which according to report has collected revenue of $100 million in 2016.
Free platform and functioning
The company charges no cost for making out a website for a cause and to raise money.
They simply allow users to connect them with the social media platform and describe the cause by sharing and uploading photos or videos.
Ones they get the money as described the payment processor opts for collection as per the percentage of 2.9% or either $30 for each transaction on the website.
The security level is also kept in check for donors as they can make a safe donation either using credit or debit cards.
How to simply create your campaign?
The users just need to get started with a simple step of sign up. Later one can create a personal campaign if he/she wants to raise money for personal issues and can go for a Certified Charity campaign to make money for non-profit organizations.
The funds raised directly reach the needy and donors receive out the tax-deductible receipt for a donation made.
This process can be easily carried out from hand-held devices like mobile or either through computers. The high-quality photos and videos add a compelling request to make sure of getting lots of donations.
Another step is to just customize the campaign link so that it’s easy to get reminded of it. Later the other half job is done by social media, emails and even text messages that are first shared with friends and family members to spread out to familiar ones.
How to make collection of donation?
The work is easier to be carried out through bank transfer or check-in US-based campaigns. In 2-5 business days, the bank transfer is made whereas check takes out 7-10 days to arrive in an account.
Safety and security are kept on top priority for the transaction of the amount in account thus the information is completely encrypted and locked in monitored databases.
One who has raised money for a person in knowledge can also go for Beneficiary Invitation that allows the person in need to withdraw on its basis.
Does account gets closed after withdrawal of donation?
The site is totally supportive and never goes for account closure until you make a request. You can continue using the site until you require as per your need.
Even the customer service team is also active to help you out with any kind of trouble in organizing your campaign. The answer will be available in 5 minutes of placing a request and is available 24/7.
In the end, the site offers a mobile-friendly campaign with ease, it charges no penalties for missing goals and requires no deadline for goal requirement.
It has recently announced for no charges on donation and will just rely on tips left behind by donors to support the website in 2017. It is just the safest and most secure platform forgiving.