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Facebook gets rid of the most annoying part of its fundraising feature

27/04/2018

Facebook is getting rid of one of the most frustrating features of its fundraising platform: the 4.3% fees they tacked onto transactions in the U.S. and 6.2% in Canada. As TechCrunch reports, Facebook used those fees to cover a review and vetting process for each fundraiser, but the company finally realized that...
Facebook is getting rid of one of the most frustrating features of its platform: the 4.3% they tacked onto transactions in the U.S. and 6.2% in Canada. As TechCrunch reports, Facebook used those to cover a review and vetting process for each fundraiser, but the company finally realized that charging 4.3% for users … Continue reading “Facebook gets rid of the most annoying part of its feature” Facebook is getting rid of one of the most frustrating features of its platform: the 4.3% they tacked onto transactions in the U.S. and 6.2% in Canada. As TechCrunch reports, Facebook used those to cover a review and vetting process for each fundraiser, but the company finally realized that charging 4.3% for users to raise funds for shooting victims or Rohingya refugees isn’t a great look, so they got rid of those charges in November. While you still have to pay taxes and payment-processing fees, Facebook will absorb the bulk of the costs for non-profits. Now, they are extending the same benefit to personal fundraisers, like medical procedures (’cause we don’t have universal health care), school expenses, and natural disaster recovery.Read Full Story
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