It doesn’t cost you anything upfront to run the campaign.
You’ll have the investment of your time, as you make your campaign page letter-perfect, eye-catching, and appealing. Make your campaign page read like a compelling story.
For your investment, you’ll have the time it takes to select the appropriate images to use, and if you develop a video to run on your GoFundMe campaign page, that will also require your time.
GoFundMe charges a .30% payment processing fee. In other words, when you start raising money with donations, you won’t get every dollar.
Here are some numbers, as an example. Let’s say that you’ve reached your funding goals to raise $5,000. After the .30% processing fee, you’ll get $4,853.50. That’s how crowdfunding platforms and campaigns work. Other platforms also charge a fee for fundraisers. Still, with business loan options you’d be charged interest, applied to the amount of your business loan. It doesn’t cost you anything to try a campaign.