"GoFundMe charges a flat fee of 5% on all payments collected.Note the 5% flat fee for GoFundMe and the 2.9% plus $0.30 fee for WePay. So for one transaction you pay GoFundMe coming and WePay going. Heh. There's a sucker born every minute.
. . .
"In addition to GoFundMe's 5% fee, users are also agreeing to one of the following fees, along with the linked Terms & Conditions found below, based on the user's selection during the GoFundMe sign-up process. Only one (1) of the fees described below will be applied per GoFundMe campaign - not a combination thereof:
"US Users ONLY: WePay charges a fee of 2.9% AND $0.30 per donation. Read WePay's Terms & Conditions."
Paypal charges only GoFundMe's lesser fee:
"Sales within the US 2.9% + $0.30"Also, Paypal charges no fees for transferring money to family or friends as gifts.
But GoFundMe charges 5% more than Paypal for merely collecting the funds.
Nice work if you can get 5% just for receiving and holding funds with no responsibility for paying them out. Banks might want to look into that business model for the savings accounts they offer.