How to Set up a GoFundMe Account in Nigeria: When it comes to raising capital for businesses, crowdfunding has quickly gained wide acceptance as a feasible alternative. This is mostly due to the fact that it does not entail winning over investors.
Since the outbreak of the pandemic began, we have seen capital become increasingly difficult to come by. Consequently, most businesses have suffered significant losses, with some being forced to downsize or close their doors entirely.
Despite this, there are numerous channels where people can crowdfund in order to raise money for their projects. A crowdfunding website can assist you in accomplishing your goal of funding a startup or creative endeavor as well as raising funds for a charitable cause or project. The good news is that you will not be required to pay anything back because the money you raise is completely free.
For instance, GoFundMe, the world’s largest crowdfunding platform, is one of the many available crowdfunding platforms.
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What is GoFundMe?
GoFundMe is the largest crowdfunding platform in the world, with over 50 million donors and more than $9 billion contributed to date. GoFundMe is revolutionizing the way people give to one another.
You may easily raise funds for yourself, your family, or the causes that are close to your heart when you utilize the GoFundMe fundraising platform. Anything from medical bills to education costs, vacations, ambitions, volunteer activities, youth sports, funerals, memorial services, or animals and pets might be included in this category. Donors from all over the world can make a safe donation by using any major credit or debit card to make a contribution.
The process of creating a GoFundMe account is absolutely free
How to Set up a GoFundMe Account in Nigeria
- From their homepage, select “Start a GoFundMe” to begin raising funds.
- You’ll be asked to sign in or create a GoFundMe account automatically. If you do not already have a GoFundMe account, you may create one by providing your name, email address, and password.
- After you sign in, you will be asked to start a fundraiser.
- In the following phase, you will input the basic information about your campaign, such as the campaign title, the objective of the fund, whether it is personal fundraising (for an individual or an organization), or a certified charity fundraiser (for a charity or non-profit). You can also make changes later on.
- Choose a goal amount that reflects the amount of money you hope to raise in total.
- Increase the credibility of your fundraiser by including an image.
- Describe yourself and your cause in an engaging story. Include information about who you are, what you are raising cash for, and how the money will be used.
- You can now start receiving donations by sharing the URL to your GoFundMe page on the internet.
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What is the cost of setting up a GoFundMe account in Nigeria?
There is no Platform Fee charged to organizers by the company. When making a donation, GoFundMe charges only 2.9 percent transaction fees plus $0.30 per donation, which includes debit and credit card charges.
What you need to know about launching a GoFundMe campaign in Nigeria
In the meantime, GoFundMe is available in 19 countries across the world. Despite the fact that it is not yet available in Nigeria, you can still use the platform to generate funds by requesting someone in one of the supported countries to raise funds on your behalf. This third party may assist you in setting up your fundraising Gofundme account in Nigeria and can also add you as a beneficiary, allowing you to watch the progress of your campaign.
Frequently asked questions about GoFundMe
How does GoFundMe work?
You begin your GoFundMe campaign by narrating your story and choosing a fundraising goal. You will then be provided with a fundraising page, which you can use to accept donations and publicize your cause. Taking part in the challenge is simple, and every donation is yours to keep, regardless of whether or not you meet your goal.
GoFundMe makes it exceedingly simple to raise money online for the causes that are most important to you and your family. You’ll be able to tailor your fundraising in a matter of minutes and distribute it to the people in your life. Individuals have raised more than $9 billion on the crowdfunding website GoFundMe.
The process of raising money for yourself or a loved one has never been more straightforward. In addition, we are available to assist you. Every step of the way, our Customer Care staff will be there to provide you with excellent customer service.
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What can I raise money for?
Individuals use GoFundMe to raise money for themselves, their friends and family, or even complete strangers as part of random acts of kindness, according to our observations. It seems like everyone is raising money for something these days, including medical expenditures, college costs, volunteer initiatives, youth sports, funerals and memorial services, and even animals and pets.
We’re constantly astonished by the creative ways in which people utilize GoFundMe to raise money. Take a look at some of the most recent success stories, or learn more about how GoFundMe works.
How does GoFundMe keep fundraisers safe?
GoFundMe is equipped with the most advanced payment encryption technology available. Your donors’ online payments are secure, and your money is held in escrow until you’re ready to request a withdrawal by electronic bank transfer from your account manager.
How do I withdraw funds from my fundraiser?
Once your GoFundMe campaign begins to receive online donations, you may quickly request a withdrawal at any point during the process. It has no effect on the progress meter that is displayed on your fundraising when money is withdrawn. Simply select ‘Withdraw’ from the drop-down menu when signed into your account and follow the prompts. Withdrawal of your money is possible to your bank account immediately from your online account. Bank transfers take 2-5 business days to reach their destination.
Can a friend withdraw the money I raise for them?
Yes. When you use GoFundMe, it is simple for a friend or family member to safely access the funds you have donated for them. Your friends and family will have immediate access to the funds you have raised through GoFundMe. Please keep in mind that you will not be able to enter their bank information throughout the withdrawal process; they will be responsible for entering this information themselves.
Are there any deadlines or time limits?
However, despite the fact that there are critical withdrawal deadlines that must be met in order to avoid payments being reimbursed to contributors, your campaign will stay active until you want to turn off donations or remove the fundraiser entirely. Most fundraiser organizers keep their fundraisers active indefinitely so that they can look back on the positive feedback and support they have received.
What if I don’t reach my goal?
It’s not a problem. It is not necessary to achieve your target. With GoFundMe, you are able to keep 100% of every donation that you receive. Even after your fundraising goal has been attained, you will be able to take donations through your website. You will receive more than the amount you set as your goal when the goal is attained, as indicated by the progress meter on the fundraising page. In the event that you wish to continue raising funds, you may do so for as long as you wish.
How do I get donations?
GoFundMe is a simple platform that allows you to raise money from your friends, family, and the wider internet community. The simplicity of our platform makes it simple to publish your fundraising in a variety of ways in order to raise funds, track your progress, and post updates in order to engage your local community. Please refer to our fundraising tips and fundraising ideas sections for information on how to raise additional funds.
In Conclusion, we have been able to discuss all the important information you need to know especially if you are interested in setting up a GoFundMe account in Nigeria.