How Much Does Gofundme Charge For Fundraising?

What is GoFundMe’s revenue model when it comes to donations? Indeed, GoFundMe operates as a for-profit company, and it generates income from the donations made on its platform. For each donation made to fundraisers supporting individuals or businesses, GoFundMe applies a fee structure. This fee consists of a 2.9% payment-processing fee, calculated based on the donation amount, in addition to a fixed charge of 30 cents for every donation. This means that when someone donates money through GoFundMe, a portion of their contribution goes towards covering these fees, while the remaining amount goes to the intended recipient. This fee structure helps support GoFundMe’s operations and enables the platform to continue providing fundraising services to individuals and businesses. (Please note that the information provided here is accurate as of September 2021, and fee structures may have changed since then.)

Will you receive the funds from your GoFundMe campaign even if you don’t achieve your fundraising goal? Yes, you can still access all the donations collected, regardless of whether you reach your goal or not. However, it’s essential to be aware that a transaction fee will be deducted from the funds you receive. This fee amounts to 2.9% of the donation total plus an additional $0.30 per donation. So, while there’s no requirement to meet your target, it’s important to factor in this fee when planning your campaign. As of July 20, 2023, this fee structure is in effect.