Crowd Funding Resources
Please visit the links under "Teen Funding Resources" in the table below to get up-to-date information on the various crowd funding platforms.
|Teen Funding Resource||Basic Fees||Approximate Additional Fees||Comments|
5% of Raised Amount
Approximate processing fee of 2.9% + $0.30 applies to for-profit enterprises.
Approximate processing fee of 4.25% applies to charities.
Most people use GoFundMe to raise money for themselves, a friend or loved one during life's important moments. This includes things like medical expenses, education costs, volunteer programs, youth sports, funerals & memorials - even animals & pets. No dealine or goal requirements.
|Kickstarter||@kickstarter||5% of Raised Amount||Processing fees of between 3-5% apply.||
Projects must create something to share with others. Projects can’t fundraise for charity, offer financial incentives, or involve prohibited items. There are deadline and goal requirements.
|Indiegogo||@indiegogo||9% of Raised Amount (but 5% refunded if goal is reached)||3% processing fee. $25 fee for international wire.||There are no criteria for what kind of project can become an Indiegogo campaign. Allows not for profits. One can choose a flexible plan in order to keep raised funds.|
|YouCaring||@you_caring||5% of Raised Amount is Suggested To Donors||Processing fee of 2.9% + $0.30 applies.||No restrictions on they type of campaign but seems to be geared towards individuals that need funds for medical bills or other potentially life-altering events.|
|Causes||@causes||0% of Raised Amount||Processing fee of 4.75% applies.||Allows non-profit and charity fundraising.|
|GiveForward||@giveforward||5% of Raised Amount||Processing fee of 2.9% + $0.50 per transaction applies.||Appears to focus on raising money for personal causes and for charity.|
3% (for charities); 5% (other)
|Processing fee of 2.9% + $0.30 applies.||Appears to focus on raising money for personal causes and for charity.|
|Fundly||@fundly||4.9% Platform Fee||Processing fee of 3.0%.||
Appears to focus on raising money for personal causes and for charity.
|FirstGiving||@firstgiving||7.5% of Raised Amount||Processing fee of 2.5% applies.||Appears to focus on raising money for personal causes and for charity.|
|Fundrazr||@fundrazr||5% of Raised Amount||Payment Provider fee of 2.9% + 30¢ per transaction.||No particular focus on the type of campaign.|