As we all are aware that technology plays an ever-increasing role in every aspect of our lives. Innovations have now begun to show its impact on fundraising space too. These changes have made every fundraising organization to make its true place in online fundraising and its event.
Is that made you curious to know more about ‘what is GoFundMe’ or ‘GoFundMe alternatives? Below you will get every inch of detail step by step.
When you look at the key stats, GoFundMe stands atop the crowdfunding industry. Since its founding in 2010, GoFundMe has raised over $5 billion in crowdfunded dollars from over 50 million donors. No other crowdfunding platform has been able to match GoFundMe in terms of transferring money to those who need it. What’s more, GoFundMe has eliminated its 5% platform fee. The only fees taken out of donations to a GoFundMe campaign now are payment processing fees (currently 2.9% + $0.30 per transaction).
Check out these GoFundMe alternatives
Kickstarter is one of the world’s largest fundraising tools for creative projects. Fundraisers can receive backing from donors and share their final projects on their personalized Kickstarter pages.
Kickstarter uses an All-or-Nothing model, so fundraisers only receive funding if they meet their goals. This can be a strong motivator for both fundraisers and supporters to raise funds before time runs out.
Kickstarter collects 5% of total funding for completed projects, as well as a payment processing fee of 3% + $.20 per pledge.
Fundly is another online fundraising tool that you can use to gather funds for a cause-related crowdfunding campaign. I think they have a nice user interface and design. One interesting fact that distinguishes them from other platforms is that they give discounted rates to high-performing crowdfunding campaigns. For example, if you raise over $50k, their platform rate drops to 4.4% instead of 4.9%.
(under $50k raised): Fundly platform fee 4.9% + credit card processing fee 3.0%.
Indiegogo launched at the Sundance Film Festival in 2008 as a crowdfunding platform for independent films. Soon after, Indiegogo expanded its mission and is now a leader in the crowdfunding industry. Indiegogo’s rewards crowdfunding platform is more flexible and less exclusive than that of Kickstarter, as Indiegogo doesn’t prescreen projects before they launch. Many startups have found success on Indiegogo after being rejected by Kickstarter.
The platform charges a 4% if you reach your goal and a 9% if you don’t (if you elect to use flexible funding). If you do an all-or-nothing crowdfunding campaign, you won’t receive any of the funds raise if you fail to hit your fundraising goal.
Similar to Indiegogo, FundRazr is a crowdfunding platform that has multiple categories ranging from creative projects to healthcare and medical bills. Fundraisers “always keep the money they raise,” meaning that there is no “all-or-nothing” option. There also doesn’t have to be a set fundraising duration.
I think FundRazr’s project page design for the comments section is better than GoFundMe’s because it’s easier to read the text.
Pricing: Recipients pay 5% FundRazr fee plus a payment provider fee of 2.9% + 30¢* per transaction.
Bonfire enables fundraisers to raise money and spread awareness by selling high quality t-shirts to their donors!
Fundraisers can design their own custom t-shirts in a variety of styles, colors, and sizes. Don’t worry—you don’t have to be a graphic design whiz to create awesome products; with Bonfire’s simple t-shirt design tool, anyone can be a pro at making high-quality apparel.
Bonfire charges a low base price for each of their products, so you’ll need to subtract that cost from your sales to determine your fundraising profits. For additional donations, Bonfire charges an 8% fee.
DonateKindly is the #1 free year-round giving alternative to GoFundMe.
Create a free DonateKindly fundraising tool and add it directly to your nonprofit’s website in minutes. Then share it with the world to raise money fee-free.
DonateKindly’s donation widget for your website is fully customizable and easily added to any fundraising page. Additionally your school or organization will be able to automate thank you notes with the tax receipts so your donors can receive their deductions!
DonateKindly is completely free for nonprofits. It doesn’t charge any platform transaction fees and their’s no monthly or annual subscription fee. DonateKindly is funded solely through its own donations that pay for its software to be built.
After knowing all about GoFundMe alternatives. if you’re in a plan to start a similar platform, you’re at the right place. We have its product named ‘Fundraiser’, a crowdfunding or fundraising website. With these, we have GoFundMe clone to kick-start your startup.
If you have an idea about your crowdfunding or fundraising startup and want to build a custom website, we will provide you with the best solution for that.