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What are the fees associated with different crowdfunding platforms?

An example of an AI chatbot conversation about comparing fees of crowdfunding platforms.

😀
You

What are the fees associated with different crowdfunding platforms?

MagicBuddy
MagicBuddy

The fees can vary significantly between platforms. For example, Kickstarter charges 5% on funds raised, plus payment processing fees.

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You

What about Indiegogo? Do they have different fees?

MagicBuddy
MagicBuddy

Yes, Indiegogo also charges a 5% fee, but they have an option for flexible funding which may affect the total fees.

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You

Are there any platforms with lower fees?

MagicBuddy
MagicBuddy

Platforms like GoFundMe do not charge a platform fee, but they do take a percentage of the donations for payment processing.

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You

How do these fees impact the total funds I can raise?

MagicBuddy
MagicBuddy

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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