As for safety, Facebook has implemented encryption to its payment processing systems for both types of fundraisers. … While there’s always a slight risk that your data could be stolen on any site, Facebook seems to be just as safe as any other popular online payment system for making donations.
What percentage does Facebook take from fundraisers?
Facebook doesn’t deduct any fees from nonprofit fundraisers held through the platform— so for nonprofits, Facebook fundraiser fees are effectively zero percent.
Does Facebook take money from donations?
We cover all fees for donations made on Facebook to charitable organizations. For personal fundraisers, payment processing fees are deducted and, in some countries or regions, additional taxes when the money raised is distributed.
Where do Facebook donations go?
Facebook Payments is a direct payout system. This means: The donations go directly to Payments and then are routed to your nonprofit, two weeks after the initial minimum fundraising threshold is reached ($100).
How do nonprofits receive donations made on Facebook?
Nonprofits connected to Facebook Payments receive the donation via electronic transfer from Facebook. … Nonprofits that have registered for a free account with Network for Good and have signed up for electronic funds transfer will receive their Facebook donations via electronic payment.
Which is Better GoFundMe or Facebook fundraiser?
The feature is pretty much a beat-for-beat copy of GoFundMe, which has become the go-to crowdfunding site when raising money for personal causes. Facebook’s twist is that its users will have their Facebook profiles attached, which can let people know who they’re donating to.