This New Facebook Tool Could Help a Lot of People
Now you can raise money for yourself, a friend, or a nonprofit.
You use Facebook to connect and stay up to date with family and friends (especially those you haven’t really spoken to in a while), list and sell items, read news, and even order food. Now, you can raise funds for a cause or a person on the social media platform
Facebook started testing out personal fundraisers back in March, and now it is expanding the option to all users. You can raise money for your child’s sports teams, a sick relative, or community improvements, among other things. Fundraising is available for these categories: education, medical, pet medical, crisis relief, personal emergency, funeral and loss, sports, and community.
With this option, you can use your network of Facebook friends, ages 18 and older, to raise awareness for your cause. It’s important to note that Facebook will take a 6.9 percent plus 30-cent cut from the total funds raised—this is similar to other similar platforms like Kickstarter, which takes a 5 percent cut and includes payment processing fees between 5 percent and 3 percent.
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To start, you can select fundraisers on the menu in the mobile app or go to facebook.com/fundraisers. Users can choose to raise money for a friend, yourself, or something or someone not on Facebook. Next, you’ll fill out the name of the fundraiser, a description or story behind the cause, and then you can start raising money. Facebook will review and approve your fundraising page in 24 hours.