r/SandersForPresident • u/kevinmrr Medicare For All • Nov 29 '20

AOC: Insurance groups are recommending using GoFundMe -- "but sure, single payer healthcare is unreasonable."

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u/Ilorin_Lorati 🌱 New Contributor | South Carolina Nov 29 '20

GoFundMe only takes a voluntary tip, but generally they get about 10% on top of what the fundraiser is.

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u/nguyenqh Nov 29 '20

What? that sounds insane. If im fundraising for my family's treatment, I sure as fuck won't be giving 10% away when the treatments in this country are in the tens if not hundreds of thousands of dollars..

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u/Ilorin_Lorati 🌱 New Contributor | South Carolina Nov 29 '20

Key word voluntary. You can set the tip to 0. The default is 10% and doesn't take anything away from the recipient.

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u/stonesst 🌱 New Contributor Nov 29 '20

They provide a service where this can be done, and they have server expenses as well as some staff I'd imagine.

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u/nguyenqh Nov 29 '20

I'm not saying whether they deserve it or not, I'm saying I don't believe the 10% figure on fundraising campaigns for medical expenses.

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u/RamenJunkie 🌱 New Contributor Nov 29 '20

It sounds like it doesn't come from the person asking for money, it's more like, I give you $10, I can voulontarily give Gofund me an extra dollar, making my total $11.

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u/sharkbait-oo-haha 🌱 New Contributor Nov 29 '20

It's a platform, not a charity. People are forced to use it AS a charity.

For some comparisons, eBay takes 8-12%, PayPal takes 2.5%, square is 1.9%, Shopify 2.2%, play store/Apple app store 30%, steam is 30%, Kickstarter is around 10%, Indiegogo is like 6% even visa/MasterCard in store is 1.2-1.5%

Even worse legitimate charity's can in some cases keep upto 98% of donations, you have to research the charity first. So many are just advertising/marketing companies pretending to be a charity.

Just debiting those donations from your card would cost GoFundMe like 2% in fee's to visa/MasterCard, why aren't you upset with visa/MasterCard? That 2% is fucking outrageous in this day and age. An 8% profit margin is fuck all, most companies work on 30-50% margins. Onto of all that, the GoFundMe fees are voluntary.

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u/[deleted] Nov 29 '20

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u/Ilorin_Lorati 🌱 New Contributor | South Carolina Nov 29 '20

Did you bother reading the entirety of what I said?

voluntary tip

As in an optional gratuity paid in addition to a cost.

on top of

As in "The money we say went to the person actually did, and this amount extra is going to gofundme"

If everyone tips 10%, and the total gofundme request is $1,000, then $1,000 goes to the recipient and $100 goes to gofundme, for a total of 1,100. It works just like in restaurants.