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Add to SafariWhen comparing Gofundme vs Kickstarter , the Slant community recommends Kickstarter for most people. In the question“What are the best ways to crowdfund a project?” Kickstarter is ranked 1st while Gofundme is ranked 6th. The most important reason people chose Kickstarter is:
Knowing that there is enough funding will allow long-term budget planning. Knowing that there's *not* funding allows users to move on.
Question Ranking
Pros
Pro Simple interface
Gofundme's interface seems to be the most simple out of all the crowdfunding platforms.
Pro Allows the promotion of a variety of causes
Whether the cause is medical, educational, or something productive, Gofundme will let users request crowdfunding.
Pro All-or-nothing model allows commitment with certainty
Knowing that there is enough funding will allow long-term budget planning. Knowing that there's not funding allows users to move on.
Pro Helps to promote projects
Potential pledgers are encouraged to browse Kickstarter much like Pinterest. While most of the funds will be generated by personal effort, Kickstarted certainly offers a good boost for those who need it.
Pro Popular site
Kickstarter is one of the most well known crowdfunding site. Over $1.2 billion has been pledged so far, with 10 million monthly visitors to the site.
Cons
Con Deducts 5% + 2.9-3.5%
Donors don't ever have to pay fees, but a 5% flat fee and 2.9-3.5% processing fee will be deducted from total donations.
Con 5% fee is applied to successful funding
Any successful crowdfunding operation run on Kickstarter will have a 5% fee. The payment processor will take an additional 3-5%.
