It seems gofundme has 3 options vrs kickstarters 1
What campaign type should I choose?
GoFundMe has 3 different campaign types that you can choose from: Personal, All-or-Nothing, or Certified Charity campaigns. Here's a quick look at the differences between these:
Personal Donation Campaign
Personal donation campaigns are our most common campaign types.
Raise money for just about anything.
No time limit, unlike All-or-Nothing campaigns.
Can withdraw funds at any time.
Once the campaign is live, you can edit EVERYTHING.
Fees associated with campaign type: GoFundMe's 5% per donation and a processing fee from WePay, Stripe or depending on your location.
All-or-Nothing Campaign
Donations are "pledges" until campaign meets its goal. If the campaign does not meet the goal, no donations are processed.
Can only receive money if you hit your goal amount on or before your deadline
Must set a deadline.
Once the campaign is launched, you CANNOT change:
Goal amount
Campaign title
Deadline (number of days)
You can add more reward levels, but you cannot delete them. The GoFundMe team can edit existing reward levels
Once the goal is met, the campaign accepts donations like a Personal donation campaign.
Fees associated with campaign type: GoFundMe's 5% per donation and WePay's 2.9% + $0.30 per donation.
Certified Charity Campaign
All payments are sent directly to the selected organization. This means the Campaign Organizer never has to deal with the funds.
Donations are tax deductible. Receipts are sent to donors via email by FirstGiving.
FirstGiving deducts a fee of 4.25% per donation. This is in addition to GoFundMe's 5%.
Similar to Personal donation campaigns, title, photo, campaign description and goal amount can be edited at anytime.
FirstGiving sends checks out to the Certified Charity on the 15th of the month for all donations from the previous month. For example if you raise $1,000 on your campaign in the month of May, your Certified Charity will receive your money (minus fees) in the middle of June. After your second check, an extra $7.50 fee is charged to each check that is processed. If you are associated with your organization, you can set up EFT payments, which do not incur any extra fees. You can set up weekly EFT's if you'd like by contacting our team.
