When starting a fundraising campaign, understanding Fundly fees is essential. Fundly is a popular crowdfunding platform where individuals, non-profits, and groups can raise money for various causes, from personal expenses to community projects. Before launching a campaign on Fundly, it’s important to understand how much of the money raised will go toward fees and how the platform supports your fundraising goals. In this guide, we’ll explore all the details about Fundly fees, including how they work, what they cover, and tips for maximizing your fundraising success.
What Is Fundly?
Fundly fees is a crowdfunding platform designed to help individuals and organizations raise money for causes that matter to them. The platform is known for its user-friendly design, social media integrations, and features that make sharing campaigns easy. Whether it’s a medical fundraiser, charity event, or community project, Fundly provides an accessible way for people to seek financial support from friends, family, and even strangers online.
How Does Fundly Make Money?
Fundly, like most crowdfunding platforms, generates revenue by charging fees on the donations made to campaigns. These fees allow Fundly to maintain and improve its platform, ensuring a seamless experience for users. When people start a campaign, they should be aware of Fundly’s fee structure and how it might impact their total fundraising goal.
Breakdown of Fundly Fees
To make things easier to understand, let’s look at a breakdown of Fundly fees:
- Platform Fee: Fundly charges a 4.9% platform fee on each donation received. This fee is used to cover the costs of operating the platform, developing new features, and supporting users.
- Payment Processing Fee: In addition to the platform fee, Fundly also has a 2.9% payment processing fee, along with an additional $0.30 per donation. This fee goes to payment processors, like Stripe, to handle credit and debit card transactions securely.
Fee TypePercentageAdditional Cost
Platform Fee 4.9% None
Payment Processing Fee 2.9% $0.30 per donation
So, in total, each donation is subject to a 7.8% fee plus $0.30 for payment processing.
Why Does Fundly Charge These Fees?
It’s natural to wonder why Fundly charges fees. The fees fund the following:
- Platform Maintenance: Fundly needs to cover costs for running and maintaining its website, mobile app, and technical support.
- Feature Development: Fundly constantly updates and improves its platform, adding new tools for users to enhance their fundraising experience.
- Secure Transactions: The payment processing fee ensures that donations are securely transferred, keeping both campaign creators and donors safe.
Fundly Fees vs. Other Crowdfunding Platforms
When comparing Fundly fees with other crowdfunding platforms, Fundly falls within a standard range. Platforms like GoFundMe, Kickstarter, and Indiegogo charge similar fees for platform use and payment processing.
Comparison Table of Crowdfunding Fees
PlatformPlatform FeePayment Processing FeeAdditional Fees
Fundly 4.9% 2.9% + $0.30/donation No additional fees
GoFundMe 0% 2.9% + $0.30/donation None
Kickstarter 5% 3-5% Fees vary by country
Indiegogo 5% 2.9% + $0.30/donation None
As you can see, Fundly’s platform fee is slightly higher than some others, like GoFundMe, but it remains competitive compared to Kickstarter and Indiegogo.
Tips to Offset Fundly Fees and Maximize Your Funds
While fees are unavoidable, there are ways to help offset the impact of Fundly fees on your overall fundraising goal. Here are some tips to help maximize the amount of money that goes toward your cause:
- Set a Realistic Goal: Make sure to account for Fundly fees when setting your target amount.
- Encourage Larger Donations: Since each donation incurs a $0.30 processing fee, larger donations have a smaller fee percentage.
- Promote Through Free Channels: Use social media, email, and word-of-mouth to promote your campaign, rather than paid advertising.
- Offer Incentives: Small rewards for donors, like thank-you notes or exclusive updates, can encourage higher donations.
How to Set Up a Fundly Campaign With Fees in Mind
Setting up a campaign on Fundly is simple, but planning for fees can make a big difference in reaching your fundraising goal. Follow these steps to create a successful campaign:
- Create a Compelling Story
To attract donors, make sure your campaign story is personal and authentic. Clearly explain why you’re raising money and how it will make a difference.
- Calculate Your Goal With Fees Included
Estimate the total amount you’ll need, then add an extra 7.8% to account for Fundly fees. For example, if you need $1,000, set your goal around $1,078 to cover fees.
- Promote Your Campaign
Share your campaign on social media and with friends and family. Fundly also has social sharing tools to help boost your campaign’s visibility.
- Thank Your Donors
Always show appreciation for those who donate. Send a personal message or a public thank-you post to build strong relationships with supporters.
Advantages of Using Fundly
Fundly offers several benefits that can make it worth the fees, especially for people looking for an easy-to-use platform with helpful features.
- User-Friendly Interface: Fundly’s website and mobile app are intuitive, allowing users to set up and manage campaigns easily.
- Social Media Integration: Fundly makes it simple to share campaigns on social media, increasing the chances of reaching a wide audience.
- Customizable Pages: Users can personalize their campaign pages with images, videos, and updates to create a compelling story.
- No All-or-Nothing Policy: Unlike Kickstarter, Fundly allows users to keep any money they raise, even if they don’t reach their target.
When Fundly Fees Are Worth It
Fundly fees are often worth it if you’re looking for a platform that simplifies the process of creating, managing, and promoting your campaign. For smaller fundraisers or personal causes, Fundly’s fees are manageable and its features helpful. Fundly’s social sharing capabilities and customizable pages also add value, making it easier to engage with donors.
Common Questions About Fundly Fees
Are There Hidden Fees on Fundly?
No, Fundly is transparent about its fees, with only the 4.9% platform fee and the 2.9% + $0.30 processing fee per donation. There are no hidden fees.
Can I Ask Donors to Cover Fundly Fees?
Yes, some fundraisers mention that part of each donation goes toward fees, and donors often understand this. However, not all campaigns choose to make fees part of their donation requests.
How Can I Minimize Fundly Fees?
The only way to directly minimize fees on Fundly is by encouraging fewer, larger donations to reduce the $0.30 processing fee. However, it’s also possible to raise extra funds to offset fees.
Final Thoughts on Fundly Fees
Understanding Fundly fees is crucial to a successful fundraising campaign. While fees are part of using any crowdfunding platform, they are generally low compared to traditional fundraising expenses. With its user-friendly design, social sharing options, and reliable customer support, Fundly is a practical choice for many campaign organizers.
Whether you’re raising funds for a personal cause or supporting a non-profit organization, Fundly offers a straightforward way to share your story and reach supporters. By planning carefully, setting a realistic goal, and utilizing Fundly’s tools, you can overcome any challenges posed by fees and maximize your fundraising potential.
In the end, the Fundly fees are a small price to pay for the powerful tools and support the platform provides, helping you make a positive impact and reach your financial goals.
