GoFundMe Will No Longer Take a Cut of Some Donations
The fundraising platform is moving to voluntary tips for personal campaigns.
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GoFundMe, an online fundraising platform, will now offer its services fee-free for new personal crowdfunding campaigns in the U.S., the company announced in a statement on Thursday.
Currently, GoFundMe takes 5 percent of donations, and payment processors take 2.9 percent, along with 30 cents per donation. Under the new structure, the processing fees remain, but GoFundMe will no longer charge a fee for personal fundraising efforts in the U.S. Such campaigns make up the majority of activities on the site, according to the company.