GoFundMe Has Made Over $350,000 in Fees From Hurricane Harvey Campaigns
The outpouring of support for the victims of Hurricane Harvey has been nothing short of inspiring. But with every good story there's gotta be something negative, right?
GoFundMe is one of the largest crowdfunding websites out there. A huge list of campaigns related to Hurricane Harvey relief efforts have been popping up as people everywhere try to raise money to help.
Of course it all comes at a price. If you're not familiar with how GoFundMe works, the company will take a percentage of the donations to cover their fees. The cut is 7.9%, 5% goes to GoFundMe and the rest is saved for payment processing.
So with the 850 Harvey campaigns having raised more than $4.5 million, it comes out to GoFundMe making $355,000 off the donations. The company has donated $100,000 to relief efforts though.
Read more at Fast Company.