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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