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