Once withdrawals are set up, GoFundMe will direct its payment processor to send the total balance, minus transaction fees, to the verified bank account.
Go fund me fees verification#
This verification process may take up to 10 business days or longer if required verification information is not provided or is determined by our payment processor to be unclear or insufficient.Īs a campaign beneficiary, you may choose to receive funds on a daily, weekly, or monthly basis. If you are fundraising for yourself, you will need to complete our payment processor’s standard verification process before funds will be safely delivered to your bank account. Donors’ tips are in addition to their donations and therefore have no effect on how much money beneficiaries receive. Tips are used to help us operate the company and provide an effective, safe and secure experience for all our users around the world. GoFundMe doesn’t charge a platform fee so campaign organizers can start and run fundraisers without any cost.Įach donation is subject to a transaction fee (that includes debit and credit charges) of 2.9% + $.30.Ĭampaign beneficiaries receive all money raised minus the transaction fees.ĭonors also have the option to leave GoFundMe a tip. Below, we answer the top questions about using GoFundMe.
Wherever you are in your crowdfunding journey, we want to ensure you get help with GoFundMe fundraising and find all the information you need.Ĭreate a fundraiser Five questions about GoFundMe answeredĮvery fundraising platform is different, so it’s important to understand the fees involved, if customer support is offered, and details about receiving your funds. Or maybe you haven’t made up your mind about whether crowdfunding is right for you. Maybe you’ve recently decided to launch your own fundraiser and you want to make sure you have all the facts before getting started.
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