How much does it cost to set up a GoFundMe page?

no fee
1. How much does it cost to set up a GoFundMe? In the US, there’s no fee to start or manage your fundraiser.

Can I make a GoFundMe for myself?

Can someone set up a fundraiser for me? Absolutely. With GoFundMe, organizers can easily raise money for you and even make sure that donations go directly to your bank account.

Do you need a bank account for a GoFundMe?

Requirements in the US:

A residential address in one of the 50 states (not a PO box) A US phone number. A US bank account in your name. Must be 18 years of age or over.

How do I collect my GoFundMe money?

Do you pay taxes on GoFundMe?

GoFundMe says the money raised on the site is typically not taxed. That could be a gift of any amount,” explained Camenson. “You could get a gift of a million dollars, you don’t count it.

Does GoFundMe charge a fee?

GoFundMe charges one transaction fee—that’s it. So, what percentage does GoFundMe take for transaction fees? A transaction fee of 2.9% + 0.30¢ is automatically deducted from each donation, so you never have to worry about paying a bill. Learn more about GoFundMe’s fees on our pricing page here.

What is not allowed on GoFundMe?

any other activity that GoFundMe may deem, in its sole discretion, to be in support of individuals and/or entities associated with alleged financial crimes including but not limited to corruption, bribery, tax evasion, fraud, and activities of a similar nature; or.

How long do GoFundMe withdrawals take?

2-5 business days
This process must be completed within 90 days of your first donation. Then, once your first transfer is sent, it will take on average 2-5 business days for the funds to safely be deposited into the bank account on file.

What are the requirements for GoFundMe?

A US driver’s license, US State ID from the state the fundraiser is located in, or a passport from any country. A residential address in one of the 50 states (not a PO box) A US phone number. A US bank account in your name.

Who controls GoFundMe?

In 2015 Brad Damphousse and Andrew Ballester sold GoFundMe to Accel Partners and Technology Crossover. The value was $600 million. In 2017 GoFundMe was acquired by Crowd Rise which continues to develop and run GoFundMe today.

What happens to GoFundMe money?

Yes. GoFundMe guarantees funds raised go to the victims and their families. If the company, a law-enforcement agency or a user finds campaigns are misused, donors are fully protected and will receive a refund.

How long does it take for GoFundMe to be approved?

Our payment processor reviews donations before finalizing them. This means that once you complete a donation there is a processing period of 1-2 business days. Please refrain from making several donation attempts. If you do not see the donation after 2 business days, please contact our support team.

Does GoFundMe ask for proof?

Documents won’t be needed for every customer, but our payment processor may request them in order to ensure that your money reaches you safely, so it’s good to have a valid government-issued ID and recent bank statement on hand.

Is GoFundMe monitored?

Our team works hard to ensure that all of the funds raised on our platform are used only as stated in the fundraiser story and that all donations are delivered securely to the right person. As part of this, GoFundMe relies on the help of our community to keep GoFundMe secure.

Why does GoFundMe need my Social Security number?

There is a privacy issue with your SSN for Americans to consider. You cannot withdraw money from GoFundMe if you do not provide the platform with your Social Security number. The reason for this involves the responsibilities you have for taxes on the money.

How does GoFundMe show up on bank statement?

If your bank statement shows a donation amount larger than you expected, or two separate amounts, it is likely showing the donation plus a GoFundMe tip. GoFundMe gives donors the option to add a tip.