What Is Fundly?
Fundly is a robust and user-friendly crowdfunding platform that empowers individuals, non-profits, and organisations to raise funds for a wide range of causes and projects. Whether you’re looking to support a charitable initiative, launch a creative project, or provide financial aid for personal needs, the Fundly fundraising platform offers many versatile features to make it happen.
The Fundly crowdfunding platform has garnered attention and popularity globally due to its user-friendly interface, integration with social media, and successful fundraising campaigns. This informative content aims to provide a comprehensive overview of Fundly, including its fees, reliability, taxation, reviews, supported countries, and alternative platforms for crowdfunding.
Fundly applies the following fees:
- Fundly’s platform fee: 0% of the total funds raised.
- Payment processing fees: Fundly’s payment partner, Stripe, takes 2.9% + $0.30 per transaction for credit card processing
When using Fundly for fundraising, it’s crucial to consider tax implications. Taxation rules can vary depending on the country and region where the funds are raised and utilised. To ensure compliance and accurate reporting, it’s advisable for fundraisers to consult with financial advisors or tax professionals to understand the tax implications associated with their specific campaign.
How Does Fundly Work?
Fundly operates on a simple and intuitive crowdfunding model. Fundraisers start by creating a campaign page detailing their cause or project, setting a funding goal, and explaining how the funds will be utilised. The platform runs on a keep-it-all system allowing fundraisers to withdraw all the amount raised despite completing their fundraising goals. Supporters, in turn, can visit the campaign page, contribute funds, and share the campaign with their social networks. The fundraisers can withdraw their donations after 7 days of the initial donation.
Fundly Review And Experiences
Fundly has received mixed reviews from users across Europe and the UK. Many users appreciate the platform’s user-friendly interface, which makes it easy to set up and manage campaigns. Additionally, Fundly’s social sharing features enable campaigns to reach a broader audience, increasing the chances of success.
While reviews are generally favourable, there are many reviews about technical glitches and mediocre customer service; the platform is rated 2.9 stars on both Trustpilot and G2 based on more than 15 reviews combined.
Is Fundly Legit?
Fundly has earned a mixed reputation for its reliability and legitimacy in the crowdfunding space. Fundly ensures that funds are handled securely throughout the fundraising process. With a strong emphasis on user protection, providing peace of mind to both fundraisers and donors. However, there are a couple of negative reviews online questioning the reliability of the platform.
While Fundly offers an excellent crowdfunding solution, there are other noteworthy platforms available. One of the most popular alternatives includes WhyDonate. The crowdfunding platform has unique features, fee structures, and target audiences.
WhyDonate – Offering both flexible and fixed funding options, WhyDonate is a versatile platform that allows creators to keep funds even if they don’t reach their goals. This Netherlands-based crowdfunding platform caters to the same audience in the same manner. WhyDonate also offers its platform to both organisations and individuals but at a better price. It is affordable, reliable and simple at the same time. Focused on all kinds of causes, including personal financing, community projects, charities, and social enterprises, WhyDonate is an excellent choice for initiatives that prioritise social impact.
Fundly Supported Countries
Fundly is accessible in several countries worldwide, including the US, Canada, Australia, France, Mexico, and the United Kingdom. This international reach enhances the exposure of fundraising campaigns, allowing individuals and organisations to gather support from a diverse and global audience.
What Payment Methods Does Fundly Accept?
Fundly accepts debit or credit cards.
|Donation platform||Reviews||Platform costs||Transaction Costs||Other costs||Payment methods||Launch date|
|WhyDonate||4.7||0%||1.9 %+ €0.25||None||Stripe, Credit card, PayPal, Bank transfer, Direct debit, Sofort,|
Bancontact, EPS, Giropay, Belfius, KBC
|GoFundme||4.5||0%||2.9% + €0.25||None||Credit card, iDEAL||2010|
|Donorbox||4.5||2%||1.4% + €0.30 (3.4% + €0.35 PayPal)||Add-on Integrations (optional)||Credit/debit cards, Apple Pay, low-cost ACH and SEPA bank transfers, Google Pay and PayPal.||2014|
|Leetchi||3.1||1.9% to 4%||0||None||Credit cards (VISA/Master Card)||2009|
|Fundly||2.9||0%||2.9% + $0.30 per transaction for credit card processing||International Transaction Charges||Debit/Credit card||2009|
|Kickstarter||3.4||5%||3% + €0.20||None||Debit / Credit Card||2009|
|Ulule||3.5||4.17% – 6.67%||2.9% + $0.30||None||Carte Bleue (France), Visa, MasterCard, Maestro/Bancontact (Belgium), iDeal (Holland), Direct debit||2010|
|Fundraisingbox||4.6||1% (for members), 4% for individuals||Payment service providers’ Fee||None||Apple Pay, Google Pay, direct debit, credit card, PayPal||2007|
|Goteo||2.9||5%||0.8%||PayPal 3.4% + €0.35||Credit card, PayPal or Goteo Virtual Purs||2011|
|Indiegogo||2.5||5%||3%*+ €0.20||€25-Transfer Fee||Bank Transfer, Wire Transfer||2008|
|* All tax systems depend on the tax regulations of the country.|