Back in March, Facebook launched a new beta fundraising tool to help users to raise money for different causes. After several weeks of testing, the social networking platform has finally released the full version of the fundraising platform. Earlier on Wednesday, Facebook’s VP of Social Good, Naomi Gleit, announced that personal fundraisers are expanding to everyone in the US who are over the age of 18.
Although previously options for fundraising campaigns were limited to more personal reasons, the company has decided to introduce several other categories to help everyone to raise funds. Previously, Facebook allowed categories like education, medical expenses, pet-related medical expenses, crisis relief, funeral-related expenses and personal emergencies such as theft, accidents or a house fire and now, it’s possible to create a fundraising campaign for community related services.
However, in order to prevent fraudulent activities, Facebook has decided to introduce a review process that would take up to 24 hours. Similar to other crowdfunding sites, you will be responsible for 6.9 percent + $0.30 fee for each fundraiser. Unlike some crowdfunding sites, Gleit pointed out that the company’s goal is to create a sustainable platform rather than turning on huge profit. You can find out more about the fundraising campaigns from the official Facebook page decided for fundraising activities.
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