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To: Regal
GoFundMe takes 5% of the amount collected as its fee.
13 posted on 05/03/2015 11:17:28 AM PDT by fatnotlazy
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To: fatnotlazy

Wiki says:

“GoFundMe generates revenue by automatically deducting an 8% fee from each donation users receive. If the user receives no donations, then no charge is made.”

Couldn’t find any reference to an audit process. How does one know that all processed donations are included in the published tally?

So it appears that one’s donation goes directly to gofundme who then takes 8% and then passes the rest at some future unspecified time to donation receipient.

Nice racket they got 8% plus the float.


49 posted on 05/03/2015 12:03:57 PM PDT by Covenantor ("Men are ruled...by liars who refuse them news, and by fools wnho cannot govern." Chesterton)
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To: fatnotlazy

5%. Wow. They made a bundle on that pizza shop. We have to find another way to support conservative causes. Giving libs 5% defeats the purpose.


52 posted on 05/03/2015 12:29:47 PM PDT by Regal
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