On Thursday, the social network introduced a new personal fundraiser feature la GoFundMe. Facebook users will be able to create donation pages to raise money for things like tuition money, medical procedures, and other emergencies.
ADVERTISEMENT
Facebook is taking on GoFundMe with a personal donation feature (FB)
The next time you want to raise money, you'll be able to do it on Facebook.
personal fundraisers hero2
ADVERTISEMENT
The feature was previously restricted to registered nonprofits, but now Facebook is making it available to everyone over the age of 18 in the US.
Each fundraiser will be reviewed by Facebook employees before it's approved, and people will be able to send money directly on Facebook using its payments service. Facebook already takes a 5% processing and verification fee for donations to charities.
FOLLOW BUSINESS INSIDER AFRICA
ADVERTISEMENT
Recommended articles
FCMB: A corporate journey of resilience, evolution, and growth
Congo is spending 22% of its scarce revenue on security - Minister
Another African country is set to get a Russian embassy
Medic West Africa 2024: A resounding success in fostering collaboration and innovation for a brighter healthcare future
10 African countries with the most troubling external debt in 2024
10 African countries with the least soft power influence over the world
Kenyan government rejects calls to ban TikTok, recommends tighter control over
Congo accuses Apple of conflict minerals in its supply chain