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Gofundme.com Complaints & Reviews - Be wary in donating money

Gofundme.com Contacts & Informations


Posted: 2013-03-27 by    FakeDeath

Be wary in donating money

Complaint Rating:  86 % with 7 votes
Contact information:
United States
I found out from someone who knows Gofundme.com that they only contributes part of the money and keeps almost 75% of it. I found this out after I donated $100. Be wary in donating money because it does not go where it's supposed to go.
Comments United States Business & Finances
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 19th of Jul, 2014 by   tell it like it a judge 0 Votes
I agree. Also, the person who started the fund me has complete control over the money that's distributed from the site so the person they are raising money might never see that money. Internet Panhandling. I wonder what the income tax consequences of all this.
 19th of Jul, 2014 by   tell it like it a judge 0 Votes
Be wary of your donations and keep your emotions in checked. The company takes a cut then the fund is turned over to the person who started the fund me campaign so they are in full control of the money. The actual person they use as a reason for the fund me may never see a penny of the money and there is no control over this that are in place to prevent this. A con artist can have a field day with the obituary. I actually know somebody who did this and I'm totally disgusted with what happened because that person was able to raise a lot of money on multiple occasions by playing people's emotions including people she knew and people she doesn't know by posting the FundMe link on Facebook.
 4th of Dec, 2014 by   Caroleann2 0 Votes
Just to correct the info above, if you go to gofundme.com and go to their frequently asked questions section, it shows right there that they take 5% commission on all the donations (that covers the web hosting platform and their profit margin, which I think is quite reasonable). The merchant account credit card fee is another 3% (which is industry average and not at all unreasonable). That's a total of 8%. If you raise $1, 000, for example, you'd get $920.00 (total fees of $80.00).

I'm not sure how the person above came up with the idea that gofundme gets 75% of the money. It is simply not true and it's all on their site, very transparent for all to see up front. Hope this helps! It is a great site to use if you are raising money and certainly the cost is outweighed by the convenience of being able to accept credit cards.

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