We will discuss types of projects for each of the platforms. You must be aware of every aspect of both platforms and know your idea clearly so you can fit the idea into the right platform. As a user, which one do you prefer for your own cause? The answer completely depends on your project. They are functionally different but still follow the same general goal: to enable people to achieve their funding goal with the help of the internet, social sharing and fintech. Now you know the differences between the two big crowdfunding platforms. Up to 60 days for funding period Gofundme vs Kickstarter, which one is better?.Kickstarter limits the funding period to a maximum of 60 days.
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For pledges less than $10, the fee is 5% + $0.05 per pledge. The payment fee per a $10+ pledge is 3% + $0.20. All campaigns on Kickstarter are reward-based where creators must send backers some rewards or pre-sell their products to them. Kickstarter is not a charitable platform, so it does not accept donations. This reward would be the product, a t-shirt or any other gifts. In reward-based crowdfunding, project owners usually pre-sell their product to backers or send them gifts and rewards in exchange for the money they have paid. You might ask what is reward-based crowdfunding? Alright, let’s open a small bracket and tell you a bit about it. If they don’t, creators receive no money and backers get their money back. Projects have to reach their goals and that means exactly 100% of their funding goal not even 97%. Just like many other reward-based platforms, Kickstarter works with the all-or-nothing model. Kickstarter, the great reward-based platform is one of the best crowdfunding sites supporting art and tech projects. Doesn’t accept art or technology projects.This site only accepts donation campaigns for social, personal, medical and like these causes, not artistic or tech-based projects. While Gofundme is not a reward-based platform, but campaign creators can still send rewards or gifts to their backers as an option. Unlike many other websites, the campaign period on this website is unlimited!
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It means that even if a campaign doesn’t reach its goal, the creators can still take the money no matter how much. As we already said, Gofundme doesn’t operate with the all-or-nothing model.
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#Gofundme vs kickstarter free#
Although it is a free platform, Gofundme takes 2.9% + $0.30 per pledge as a payment fee. It supports a wide spectrum of campaigns that had made it a big charity created by a crowd of good-hearted people. Social causes, personal causes, medical help, and any charity idea would be funded on the platform. Gofundme is a donation-based crowdfunding platform. Let’s see how each of them could be useful for your cause. They use the power of the internet and financial technology to make crowdfunding possible for everyone. Kickstarter is reward-based using all-or-nothing model while Gofundme is donation-based and doesn’t follow this model. Kickstarter, what are differences?Īs we mentioned in past articles, there are different types of crowdfunding and best crowdfunding sites mostly specialize in only one of them.