Crowdfunding platforms like GoFundMe are great for raising money for medical bills, education, personal emergencies, and charitable causes. However, many fundraisers don’t realize that fees apply to donations. The GoFundMe Fees Calculator helps you quickly determine how much of your donations you will actually keep after processing fees.
GoFundMe Fees Calculator
What Is a GoFundMe Fees Calculator?
The GoFundMe Fees Calculator is a financial tool that calculates the deductions GoFundMe takes from each donation. Although GoFundMe doesn’t charge a platform fee in the U.S., it does apply payment processing fees. These vary by country but generally include a percentage plus a fixed fee per donation.
The calculator helps fundraisers:
- Estimate net funds received after deductions
- Understand processing fees per donation
- Plan more effectively for their fundraising goals
How GoFundMe Fees Work
GoFundMe fees typically include:
- Platform fee – 0% in the U.S. (other regions may vary)
- Payment processing fee – Usually around 2.9% + $0.30 per donation (varies by country and currency)
For example:
If someone donates $100:
- Processing fee = $100 × 2.9% + $0.30 = $2.90 + $0.30 = $3.20
- Net donation received = $100 – $3.20 = $96.80
Formula for GoFundMe Fees
The calculator uses this formula:
Net Donation = Total Donation – [(Donation × Processing Fee %) + Fixed Fee]
Where:
- Processing Fee % = usually 2.9%
- Fixed Fee = usually $0.30 per donation
How to Use the GoFundMe Fees Calculator
- Enter the donation amount – The tool calculates deductions automatically.
- Check processing fees – See how much will be deducted.
- View net donation – The tool shows what you actually receive.
- Adjust for multiple donations – Input different amounts to estimate total fees.
- Plan your goal – Use the results to set a realistic fundraising target.
Example Calculations
Example 1: Donation of $50
- Fees = (50 × 0.029) + 0.30 = $1.75
- Net received = $50 – $1.75 = $48.25
Example 2: Donation of $200
- Fees = (200 × 0.029) + 0.30 = $6.10
- Net received = $200 – $6.10 = $193.90
Example 3: Donation of $1,000
- Fees = (1000 × 0.029) + 0.30 = $29.30
- Net received = $1000 – $29.30 = $970.70
Helpful Insights for Fundraisers
- Large donations lose less to fees (percentage-wise) compared to small donations.
- Frequent small donations may result in higher total fixed fees ($0.30 per transaction adds up).
- Encouraging fewer, larger donations can minimize fee impact.
- Always set your goal higher than your actual need to cover processing costs.
- Check your country’s rates since fees vary by location and currency.
20 Frequently Asked Questions (FAQs)
1. Does GoFundMe charge a platform fee?
In the U.S., no platform fee is charged, only payment processing fees apply.
2. What are the current GoFundMe processing fees?
Typically 2.9% + $0.30 per donation, though this may vary by country.
3. Do donors pay the fees or fundraisers?
Fundraisers pay the fees, meaning the amount deducted comes from the donation.
4. Can donors cover the fees?
Yes, donors have the option to add a tip, but the standard processing fee is always deducted.
5. If someone donates $20, how much do I get?
After 2.9% + $0.30 fees, you’ll receive about $19.12.
6. Do larger donations lose less to fees?
Yes, because the fixed $0.30 fee becomes negligible on large amounts.
7. How do I calculate fees for multiple donations?
Use the calculator for each donation amount or estimate based on your average donation size.
8. Are GoFundMe fees the same worldwide?
No, they vary by country and currency.
9. Does GoFundMe take fees from tips?
No, tips go directly to GoFundMe and don’t affect your donations.
10. Can I avoid GoFundMe fees?
No, all online payment processors require transaction fees.
11. How do GoFundMe fees compare to other platforms?
GoFundMe fees are lower than some platforms, especially since they eliminated U.S. platform fees.
12. Does GoFundMe refund fees if donations are refunded?
Generally, fees are not refunded when donations are refunded.
13. Can I raise my fundraising goal to cover fees?
Yes, it’s a common strategy to ensure you meet your net goal.
14. Do fees apply to offline donations?
No, fees apply only to online donations processed through GoFundMe.
15. Do recurring donations have separate fees?
Yes, each donation is processed separately and charged fees.
16. Are business fundraisers charged differently?
No, the standard processing fees apply.
17. Does GoFundMe take money immediately?
Fees are deducted instantly when donations are processed.
18. Are GoFundMe fees tax-deductible?
No, but donations may be deductible if given to registered charities.
19. Can I see fee breakdowns in my dashboard?
Yes, GoFundMe shows all donations and associated fees.
20. Why does GoFundMe charge processing fees?
The fees cover secure payment processing and transaction handling.
Final Thoughts
The GoFundMe Fees Calculator is an essential tool for fundraisers who want to know exactly how much they’ll receive after fees. By factoring in processing costs, you can set more accurate fundraising goals and avoid surprises. Whether you’re raising money for personal needs or charity, planning with real numbers ensures your campaign succeeds.