After CTRL+C and CTRL+Ving Snapchat features, Facebook is ready to copy the GoFundMe fundraising feature.
The Feature will be first available in the US in few weeks and it will be limited for the users aged 18 years or older. Facebook will extend the feature throughout the world. At launch, users will be able to raise funds for six categories, which include, education, medical expenses, medical expenses for animals, personal emergencies, support for families after a death and support for emergency or disaster.
- Education: such as tuition, books or classroom supplies
- Medical: such as medical procedures, treatments or injuries
- Pet Medical: such as veterinary procedures, treatments or injuries
- Crisis Relief: such as public crises or natural disasters
- Personal Emergency: such as a house fire, theft or car accident
- Funeral and Loss: such as burial expenses or living costs after losing a loved one.
According to Facebook, the categories are limited for now as all fundraisers need to go through a review process, include a 24-hour fundraiser review process. However, facebook will expand more categories later by automating more of the review process.
The social network will retain 6.9% + $.30 fee to cover the costs of processing payments and fraud protection support.
Personal fundraisers will have a 6.9% + $.30 fee, that will go to payment processing fees, fundraiser vetting, security and fraud protection. Facebook’s goal is to create a platform for good that’s sustainable over the long-term, and not to make a profit from our charitable giving tools.