What are the fees associated with different crowdfunding platforms?
An example of an AI chatbot conversation about comparing fees of crowdfunding platforms.
What are the fees associated with different crowdfunding platforms?
The fees can vary significantly between platforms. For example, Kickstarter charges 5% on funds raised, plus payment processing fees.
What about Indiegogo? Do they have different fees?
Yes, Indiegogo also charges a 5% fee, but they have an option for flexible funding which may affect the total fees.
Are there any platforms with lower fees?
Platforms like GoFundMe do not charge a platform fee, but they do take a percentage of the donations for payment processing.
How do these fees impact the total funds I can raise?
Higher fees can significantly reduce the amount you receive. It's important to factor in all costs when planning your campaign.
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