GoFundMe drops 5 percent personal crowdfunding fee – The Verge

Source: GoFundMe drops 5 percent personal crowdfunding fee and adds optional donations – The Verge

This was welcomed news yesterday afternoon.  Our family is currently in the adoption process and we have looked at various avenues of fund-raising for the adoption and expected medical costs.  I was glad to see that GoFundMe has shifted its model for personal crowdfunding and added a new option for people to support the service by optionally giving a donation.  The 5% fee turned many people off of the service as they saw so much of their balance going to fund the service and not to their specific needs.

Well done, GoFundMe.  The company has stated that they will be watching closely to determine if this new model is successful.  So, I would suggest that you think of a campaign and try out the new model to help support and ensure that this continues.

Author: Phil

Phil Williams is an engineer with around 20 years of information technology industry experience with past focus areas in security, performance, and compliance monitoring and reporting. Phil is a husband, father of 6 children, and an avid geek who loves building computers, gaming, and gadgets. He has an undergraduate degree in general IT sciences and has worked with the US Government as a contractor for over 20 years. He is now in a security solutions advisory role for a large vendor supporting commercial and enterprise customers.

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