GoFundMe\u00a0will no longer take a cut of donations from personal campaigns in Canada.<\/p>\n
The online social fundraising platform announced its no-fee platform\u00a0will begin with new personal fundraising campaigns in the country,\u00a0dropping the standard\u00a0five per cent platform fee GoFundMe\u00a0typically collects from each donation.<\/p>\n
\u201cThe generosity of Canadians is unparalleled, and we witness it every day through our platform,\u201d said Rob Solomon, GoFundMe CEO. \u201cCanada has become one of our largest giving communities, and we want to empower even more Canadians to help one another. As GoFundMe continues its evolution, it made perfect sense to introduce this new pricing structure in Canada.\u201d<\/p>\n
Payment providers will still collect a 2.9 per cent processing fee for each donation and an additional 30 cents per donation, but GoFundMe will no longer capitalize on campaigns dedicated towards personal causes.<\/p>\n
With the new pricing structure in place,\u00a0GoFundMe will rely on voluntary tips from donors to\u00a0cover its operational costs, letting donors decide how much they want to give back. The company rolled out\u00a0its no-fee option in the United States last month, making Canada\u00a0the\u00a0second market for the expansion.<\/p>\n
\u201cAs the industry leader in social fundraising, we are always looking for ways to make fundraising easier, faster, and a more successful experience so that even more people can get immediate, direct support. We are confident that our growing giving community in Canada finds value in our service and will want to help us maintain and improve our free platform,\u201d said Solomon.<\/p>\n
More than two million Canadians\u00a0have donated to\u00a0campaigns through GoFundMe. In fact,\u00a0nearly $70 million was raised in Canada last year. GoFundMe anticipates the 2017 total to top\u00a0$200 million dollars going towards Canada-based campaigns.<\/p>\n","protected":false},"excerpt":{"rendered":"
GoFundMe\u00a0will no longer take a cut of donations from personal campaigns in Canada. The online social fundraising platform announced its no-fee platform\u00a0will begin with new personal fundraising campaigns in the country,\u00a0dropping the standard\u00a0five per cent platform fee GoFundMe\u00a0typically collects from each donation. \u201cThe generosity of Canadians is unparalleled, and we witness it every day through […]<\/p>\n","protected":false},"author":76241,"featured_media":0,"menu_order":0,"template":"","meta":{"_acf_changed":false,"footnotes":""},"categories":[13],"tags":[2018,2019],"magazine-region":[],"magazine-series":[],"magazine-topic":[],"class_list":["post-99973","magazine","type-magazine","status-publish","hentry","category-News","tag-gofundme","tag-social-fundraising"],"acf":[],"_links":{"self":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine\/99973","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine"}],"about":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/types\/magazine"}],"author":[{"embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/users\/76241"}],"version-history":[{"count":0,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine\/99973\/revisions"}],"wp:attachment":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/media?parent=99973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/categories?post=99973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/tags?post=99973"},{"taxonomy":"magazine-region","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-region?post=99973"},{"taxonomy":"magazine-series","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-series?post=99973"},{"taxonomy":"magazine-topic","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-topic?post=99973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}