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CrowdFundEDU charges 5% to the fundraiser if the goal is reached and 9% if the goal is not reached. . [9] The difference in fees is to encourage fundraisers to set a realistic goal. CrowdFundEDU is a preferred PayPal Partner and uses PayPal for all fundraising payment processing and transaction services. [10]
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[4] [5] The site was built off of PayPal's API. [6] GoFundMe was founded in San Diego, California. [7] In March 2017, GoFundMe became the biggest crowdfunding platform, responsible for raising over $3 billion since its debut in 2010. The company receives over $140 million in donations per month and made 2016 $100 million in revenue. [8]
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