Which Fundraising Site Has the Lowest Fees?
Are you trying to work out which crowdfunding platform is best for you? Just like choosing a bank or a mortgage lender, you need to look closely at the fees charged as they can vary widely and can ultimately mean a big cut in your money before it even reaches you or the beneficiaries who need it most.
So, in answer to the question “Which fundraising site has the lowest fees?”
Do a bit of research!
One of the most important factors in deciding which crowdfunding platform to use is the site’s fee. Will your donations have a platform fee deducted before the money even gets to you? Or does the platform run on optional tips given by generous donors?
At GoFundMe, we’re powered by donors™. This means that you get to keep even more of the money you raise. And unlike other fundraising sites, we have the industry’s first and only donor protection guarantee as well as round the clock, 7 days a week customer service.
So before you start your fundraiser, have a look at the online fundraising market and make an informed decision.
Crowdfunding platform fee comparisons
Please note that fees can sometimes be difficult to break down. For example, every crowdfunding platform pays third parties a per-payment transaction processing fee. However, while some platforms include those charges in their platform fees, others separate platform and processing fees. With that in mind, here’s a comparison of fees by platform.
FundRazr
Platform fee: 0% or 5%, depending on the model you choose
Processing fee: 2.9% plus $0.30 per transaction
Read more about FundRazr fees.
GoFundMe
Platform fee: 0%
Processing fee: 2.9% plus $0.30 per transaction
Read more about GoFundMe fees.
Indiegogo
Platform fee: 5%
Processing fee: 3% plus $0.30 per transaction; a $25 fee may apply
Read more about Indiegogo fees.
CrowdRise
Platform fee: 3%–5% of funds raised
Processing fee: 2.4% to 2.9% plus $0.30 per transaction
Premium and enterprise models with advanced features and service available
Read more about CrowdRise fees.
Fundly
Platform fee: 4.9% of funds raised (with automatic discounts for “larger fundraisers”)
Processing fee: 2.9% plus $0.30 per transaction
Read more about Fundly fees.
Pick the best fundraising site for your personal needs
Now that you can see which fundraising site has the lowest fees, are you ready to get started?