Why we need an alternative to GoFundMe
GoFundMe has become a real giant in the crowdfunding space. Since its inception, GoFundMe campaigns raised over $1 billion dollars from Funders, and half of that ($470 million) in 2014 alone – making it the worlds biggest crowdfunding platform. Most campaigns in GoFundMe are of the ‘personal crowdfunding’ nature, with people raising money for medical bills, honeymoons, weddings and animal care. GoFundMe charges a 5% fee on the money raised, so for every $100 you raise, GoFundMe takes their $5 share. In addition, credit card companies charge another 2.9% + $0.30 per transaction. The Founders were recently bought out of the company – and it seems that it has become a corporate ‘money-machine’: GoFundMe even charges their full 5% fees on disaster relief campaigns.
The April 2015 Earthquake in Nepal where almost 9,000 people died
It may seem a bit odd, but GoFundMe made at least $370,000 of revenue off of the Nepal Earthquake that happened in April this year. You would think that a platform with a mission like this would ‘chip in’ themselves, or at least give a discount on fees from these projects..
A free alternative to GoFundMe
CoverrMe was started by an engaged couple wanting to raise money for their honeymoon. They saw that all crowdfunding platforms out there would charge 5% on the money they raised. They thought this was not fair and they started their own platform. Also, they found that all of these other platforms looked the same, so they wanted to introduce a new ‘visual way of doing crowdfunding’ where funders leave their visual footprint on campaigns.
CoverrMe is a crowdfunding site like GoFundMe, but without the fees. There are no deadlines and it is free to start a campaign. You can do anything (and more) on CoverrMe that you can do on GoFundMe, but at 0% fees!
Learn more about how CoverrMe works here, and start a visual crowdfunding campaign when you’re ready.