Description
What Is Fundit?
FundIt is a decentralised crowdfunding platform that empowers creators, entrepreneurs, and organisations to bring their ideas to life by connecting them with backers who believe in their potential. Utilising blockchain technology for transparency and security, FundIt offers unique features such as governance tokens, ERC20 tokens for rewards, and real-time validation from the community.
With a focus on funding projects involving public goods, physical goods, and intangible rewards, FundIt operates on the Polygon and Optimism blockchains, providing benefits for investors and creators alike.
FundIt Fees
FundIt charges a 0% fee for projects centred around donations. For all other types of projects, a 5% fee applies.
FundIt Taxation
Crowdfunding tax is always subjective as it depends on the country’s tax laws and regulations. Contact the platform for more information.
How Does FundIt Work?
The fundraising process begins by clearly articulating the project idea, including the problems and its value. Next, the project should be promoted within the community to garner interest and support. As the fundraiser receives real-time validation and feedback, it allows them to build and iterate the project, enhancing and fine-tuning it accordingly. Finally, when the project is refined and validated, it’s ready for take-off, launching it into action.
Kickstarter Review And Experiences
Numerous success stories have emerged from Kickstarter campaigns across the globe as the platform operates in most countries. However, due to its funding model and mediocre customer service, the platform is rated 1.1 stars on Trustpilot based on more than 700 reviews and has a 3.4 rating on Google based on more than 34 thousand reviews.
FundIt Alternatives
There are many great alternatives to FundIt out there. A fundraising platform like WhyDonate is particularly highlighted for its unique features and benefits. It offers individuals and organisations a valuable resource to raise funds and connect with a supportive community of donors and investors. The importance of choosing the right platform based on specific goals and objectives is emphasised, making it easier for users to select the best crowdfunding site for their fundraising needs.
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. WhyDonate 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.
What Payment Methods Does FundIt Accept?
Even though the website does not mention the accepted payment methods, it is clearly visible that FundIt accepts USDC.
| Donation platform | Reviews | Platform costs | Transaction Costs | Other costs | Payment methods | Launch date |
|---|---|---|---|---|---|---|
| FundIt | NA | 0% | 5% | NA | NA | NA |
| WhyDonate | 4.7 | 0% | 1.9 %+ €0.25 | None | Stripe, Credit card, PayPal, Bank transfer, Direct debit, Sofort, Bancontact, EPS, Giropay, Belfius, KBC | 2013 |
| 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 |
| GoFundMe | 4.5 | 0% | 2.9% + €0.25 | None | Credit card, iDEAL | 2010 |
| GoGetFunding | 4.5 | 4% | 2.9% | PayPal and Stripe charges | Credit/Debit card, Paypal, Bank transfer, | 2011 |
| 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 |
| Indiegogo | 2.5 | 5% | 3%*+ €0.20 | €25-Transfer Fee | Bank Transfer, Wire Transfer | 2008 |
| Goteo | 2.9 | 5% | 0.8% | PayPal 3.4% + €0.35 | Credit card, PayPal or Goteo Virtual Purs | 2011 |
| Fundraisingbox | 4.6 | 1% (for members),
4% for individuals |
Payment service providers’ Fee | NO | Apple Pay, Google Pay, direct debit, credit card, PayPal | 2007 |
| * All tax systems depend on the country’s tax regulations. | ||||||
Reviews
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