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The following article was published in our article directory on December 14, 2016.
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Comprehensive GO FUND ME 2016 Review

Article Category: Self Help

Author Name: Alonzo Williams

GOFUNDME
The World's # 1 Personal Fundraising Website.

In 2008 Brad Damphousse had a unique concept to develop a web-based, social savings account. His buddy Andy Ballester, who took place to be a talented programmer, understood Brad's vision; Andy quit his job to help his best friend develop this new idea. In the beginning, their business was a subscription fundraising service for little charities. After reviewing many inspiring, uplifting stories shared by users, Brad and Andy were truly touched-- they felt an extensive decision to enhance and expand their services. After some essential breakthroughs worldwide of online payments, the group was lastly able to relaunch the product of their dreams: GoFundMe. The very best friend duo dedicated much time and energy reacting to user feedback in an effort to make enhancements on the website. Their hard work is paying off-- today GoFundMe is among the world's most popular crowdfunding website with over $1.3 billion raised!

The Good
Fund Type

GoFundMe uses a 'Keep What You Raised' moneying type. With GoFundMe, reaching your goal is not required. This works well because you keep each and every contribution you get; however, if you're interested in an 'All-or-Nothing' campaign, you might pick this option during Sign-Up.

Charges

While GoFundMe doesn't charge anything to develop and share your online fundraising project, nor do they charge for utilizing the platform, they automatically subtract a 5% fee from each contribution that you get. A processing fee of about 3% will also be subtracted from each contribution. There is no partial or non-completion charge in the event you do not complete your campaign. There are crowdfunding companies that do charge you a charge if you fail to satisfy your project objective. This is not the worst out there, but it isn't really the very best rates, either.

Maximum Allowed Raise

Lots of crowdfunding platforms utilizing Donation designs for people have an optimum quantity or limitation to exactly what funding quantity you can raise. GoFundMe has no financing limit. This lets you raise as much as you desire or require in one project.

Due dates

With GoFundMe there are no deadlines or time-limits. Your project will stay live till you opt to stop donations or remove the campaign altogether. In many cases, users have actually left their projects up forever as a lasting memory of all the wonderful comments and support they received. This is a great policy for personal charity events. Often individuals can't donate within 30 or 40 days (a common due date for numerous crowdfunding platforms) so having an indefinite deadline works extremely well. For those who select the 'All or Nothing' fund preference, due date alternatives are 7, 14, 21, 30 or 60 days.

Administrative Work Options

GoFundMe uses users a number of automated functions for administrative tasks, which are very helpful for people attempting to run a reliable project without previous experience. Even if they have experience, admin tasks take a great deal of time and can get confusing the larger the donator swimming pool gets.

GoFundMe's vehicle administrative task functions consist of:

Thank You Messages: You can thank donators separately by choosing a recent donation and clicking the 'Say Thanks' button. GoFundMe will let you customize the message and send it directly to the donor's email address.

Update Feature: In doing so, you can opt to share the post with your existing advocates and donors-- you can even share the Update on Facebook to bring in more support. Update messages can likewise include as much as 3 photos or videos. GoFundMe's 'Update' function is a great way to keep your campaign fresh and your donators as much as date without having to do it by hand, which would take a great deal of time away from marketing.

Quick Assistance: GoFundMe will react to your e-mails within 5 minutes throughout the day with any concerns you have about your campaign.

The Bad
Model Type

GoFundMe operates as a Donation Model. Equity design campaigns are not provided. through GoFundMe. A donation design is a good idea for personal fundraising, however GoFundMe suggests signing up with your Facebook account if you want to appear in GoFundMe's Public Search Directory. Although this is optional, it in fact isn't if you want your campaign to be included openly on their site. Not everyone has a Facebook account or wants to open one. Being "forced" to do so is not a good idea.

Receiving Funds

Typically on crowdfunding platforms you need to wait till completion of your campaign to begin collecting funds. With GoFundMe, you can request your money immediately as the donations are available in. You can opt to withdraw your balance directly to your checking account. (Campaigns in the United States might also request a check). Withdrawals might be made daily, weekly or monthly and will constantly process for the full readily available balance in the user's WePay account. Funds may be gotten by means of electronic bank transfer within 2-5 business days, or paper check within 7-10 business days. (Daily checks are not readily available, weekly or month-to-month just.) Although you can request a withdrawal at any time, the time it requires to receive funds is a bit long when compared to other crowdfunding sites that can do it in at as quickly as 24 hours.

No PayPal

It's important to note that GoFundMe no longer accepts PayPal.

The Bottom Line
It's no surprise that GoFundMe is one of the world's most popular crowdfunding sites. The business is extremely effective. Customer Happiness agents deliver answers to questions in a prompt way, (frequently within 5 minutes of submission), there's a lot of flexibility with funding choices, no limits on how much you can raise and no time restraints. The costs associated are reasonable (though not the most affordable). Something is that it takes longer to get funds than other contribution design websites, but all in all, users can expect a hassle-free, simple experience when funding.

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