Selfie Auction is the first humanitarian community platform requiring no money to participate. Plus, it’s free to use.

• No signup fees

• We provide the industries only fully transparent fundraising platform

• 0% of your financial data is stored on SA’s Platform. Your 100% Safe!

• Backed by a “Donor Protection Guarantee”

• No eligibility requirements, allowing anyone to get started in minutes

• Professional expert campaign design and planning

• Large community-driven campaign promotional support

• Requires no long wait period for dispersing your money

• SA offers the industries first and only, “Pay It Forward” Profit-Sharing Program for members to stay involved long term.

• Offers a variety of powerful tools to help you manage and share your projects easily

• 24/7 Customer care

• We require no money to participate or help causes. “Pay It Forward Pay” is matched by corporate donors.

There are many reasons online fundraising can be very effective when compared with traditional offline fundraising, like pancake sales, auto washes, raffles, etc.. The bottom line is online fundraising platforms cost a lot to maintain. So how do we offer a free platform? Is it too good to be true?

Selfie Auction is more than just a simple fundraising social media platform. SA combines 4 revenue generation practices to support the platform.

SA generates revenue using the following 4 methods.

1. Advertising dollars are generated from the site activity.

2. Skill-sharing services provided by expert fundraiser professionals require fees to be paid in order to access the community and use the platform campaign development tools. Additionally, fees are paid to the platform for facilitating and maintaining the functionality of the many community services provided to all members. Creative services and products are exclusively offered to members to support the SA fundraising members, achieving one of the industries “highest funding goal” success rates. Projects inturn also have full control over their costs, achieving the highest charitable impact scores in the industry.

3. SA accepts tips (gratuities) from donors for helping support campaign volunteer organizers who work on the campaign.

4. A small fund processing fee of 2.9%. Plus .30 per transaction is passed through from SA’s highly secure payment processor. 0% of your financial data is stored on SA’s Platform.

We rely on user support to keep it free. As long as you continue to use the platform you will generate traffic. So share SA with your friends and family. Here’s a link to share SA via email “SHARE”.

We strive to keep and make the SA platform a great place for people to do good things.  This is an ongoing community effort. Your support is always greatly appreciated.

What fees will you pay then? First, let’s cover the main types of fees associated with online fundraising in general:

Crowdfunding platform fees verse the payment processing fees???

What Are Crowdfunding Platform Fees?

Most companies charge a platform fee to cover the costs associated with building and operating their fundraising solutions. The fee ranges from 2.9% to 45% per transaction, with some companies charging over 2.9%.

How Do We Earn This Fee?

First, there are the basics like special servers and internet connections used to keep the website up and everyone connected. The last thing you want is for the site to go down when your friends and family are trying to donate. There’s also customer support to help organizers and donors with their questions. A few companies are able to offer fraud protection because of this fee in order to keep their crowdfunding platform safe. It’s important to note that these companies (SelfieAuction, Gofundme, Facebook, Indiegogo, etc.) are for-profit companies and are competing with each other to invest in building the best platform for fundraisers.

So how do companies that charge a 0% platform fee or are “free” work? We discussed how SA is capable of charging $0 platform fees above. But here is how we charge our payment processing fees.

What Are Payment Processing Fees?

There is a lot of complexity behind processing credit card donations and safely transferring those funds to the right people. Fundraising sites often use a payment processor to facilitate donations and withdrawals. PayPal is one of the largest and most well-known payment processors out there. Some other popular payment processors include WePay, Stripe, and Adyen. The payment processing fees cover credit card processing, payment fraud, and payment-related services. While platform fees vary, most companies charge 3.3% + $0.30 per donation. This seems to be the industry standard with very little variability.

So, What Does Free Fundraising Really Mean?

We’re always skeptical when we hear something is “free.” When companies charge a 0% platform fee, they make the marketing claim to be “free.” This is true as long as you remember that platforms will continue to charge the payment processing fee. In lieu of charging a platform fee, they ask your donors for a “voluntary tip” during the donation flow.

This is what free crowdfunding really means: There is no platform fee automatically deducted. Instead, donors can choose to financially support the crowdfunding platform in the form of a tip or a non-tax-deductible donation. Many personal fundraising sites are moving towards the tipping model. Popular sites that use this model include SelfieAuction. Just remember that if you choose one of the many sites available, you’ll still be on the hook for payment processing fees, so plan accordingly when setting your goal.

Now that we’ve covered 0% platform fees and tipping, let’s talk about two other approaches to pricing.

Other Ways Crowdfunding Platforms Handle Fees

Deductions Taken Before You Withdraw

Some crowdfunding platforms will deduct a fee from the organizer’s account before they withdraw the money. This has been one of the most common ways for fundraising sites to take their cut. Donors may see a small disclaimer notifying them that they’re agreeing to have this fee deducted from their donation, but it’s not always so obvious. The burden falls on the organizer to know the fees and consider what’s going to be deducted when setting their fundraising goal.

Example: A donor gives you $100, and when you go to withdraw, you have a balance of around $91 after platform fees and payment processing fees have been deducted

Donors Cover Fees

Give donors the option to cover the fee, also known as “Donors Cover Fees” (DCF). With this model, donors will see the option to cover the platform and/or payment processing fees when making their donation. Keep in mind that with this model, if the donor doesn’t choose to cover the fee, the organizer still has to pay it.

Find a Free Fundraising Site That Works For You

Read the fine print when using a platform. Sites that claim to be free may not be truly free and you might run into surprises later. This doesn’t mean you should not use these platforms, but it does mean you will want to evaluate the best site to use based on your needs. Knowing that all sites charge some form of fees, look to other things the site may be able to offer you, such as great customer support, innovative platform features, and their public reputation.

Some information above is provided by: Crowdfunding.com, a Gofundme owned and sponsored URL.