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Facebook to wipe-out fundraising fees for personal causes

People on Facebook raise money for many personal causes, including loved ones who need critical surgery, teachers needing school supplies for their students, and families in need after losing everything in a fire.

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There is good news for people who use Facebook to raise money to support the causes that matter to them as the social networking giant is now all set to do away with its platform fee on fundraisers for personal causes.

“We’re eliminating the platform fee on all fundraisers for personal causes, so that people can maximize their fundraising support,” Asha Sharma, Facebook’s Head of Product for Social Good, said in a statement on Friday.

That means the social network is getting rid of the 4.3 percent platform fee in the US and the 6.2 per cent fee in Canada, TechCrunch.com reported.

But there will still be a small fee charged for payment processing and applicable taxes, Facebook said.

But there will still be a small fee charged for payment processing and applicable taxes, Facebook said.
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Announcing new tools for fundraisers on the platform, Facebook said that people can pledge to match donations to their nonprofit fundraiser.

“This is a first of its kind tool in online fundraising that’s now available in the US and will soon expand internationally,” Sharma said.

The social network is also introducing new categories for fundraisers for personal causes so that people can raise funds for more social good causes across family, faith, travel, and volunteering.

“We want to help everyone to meet and exceed their fundraising goals through matching donations,” Sharma said.

Now people who create fundraisers can pledge to match donations up to the amount they choose, from $5 to $2,500, helping them build momentum for their cause, Facebook added.

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People on Facebook raise money for many personal causes, including loved ones who need critical surgery, teachers needing school supplies for their students, and families in need after losing everything in a fire.

Facebook said it will be adding fundraiser categories for family (like adoption or new baby supplies), faith (like missions or religious community events), travel (like educational trips or travel for medical needs), and volunteering (like volunteer programs or supplies) causes. (IANS)

 

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Birthday Fundraisers on Facebook Raise More than $300 mn in the First Year

Since November 2017, Facebook waived fees, so 100 per cent of all donations made to nonprofits on Facebook go directly to the nonprofits they are supporting

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Facebook birthday fundraisers raise $300 mn in 1st year. Pixabay

Facebook birthday fundraisers, a feature that allows users to raise funds for the causes they care about and donate it to nonprofit organisations, raked in more than $300 million in the first year, the company has said.

To make it easier for users to pick one non-profit from a list of over 750,000 nonprofits on Facebook, the social netoworking giant also announced new tools for people using the feature.

“…we will soon provide more information: when you click on a nonprofit in the list, you can learn more about the organisation, their mission, location and how many people like their Page,” Asha Sharma, Facebook’s Head of Product, Social Good, said in a statement on Wednesday.

“We also plan to share more relevant information, like popular search terms in the nonprofit selection tool,” Sharma said.

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Facebook, social media. Pixabay

Earlier, Facebook added new tools to nonprofit fundraisers, like the ability to match donations and add organisers to fundraiser.

Pages – including those run by brands, public figures, and nonprofits themselves – can now create and donate to fundraisers.

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And it added a tool so people can make recurring monthly donations to the organisations and causes that are important to them.

Since November 2017, Facebook waived fees, so 100 per cent of all donations made to nonprofits on Facebook go directly to the nonprofits they are supporting. (IANS)

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