Already on ArticleSlash?

Forgot your password? Sign Up

One Step Forward for Humanity

Christopher Porteous
 


Visitors: 201

Isn’t it refreshing when a company does something that shows it has humanity? It was only a few minutes ago that we discussed Uber’s surge pricing policies that essentially took advantage of those stuck in the central business district of Sydney… Crowdfunding platform Indiegogo says it has no interest in making money on your life events or medical emergencies. The San Francisco-based company announced today that it is launching Indiegogo Life, a site that will allow individuals to raise money for medical crises, memorials, emergencies and other life events without paying a fee to Indiegogo. Individuals will still have to pay payment processing fees, but will not have to pay a commission to Indiegogo (Framestr has had this concept since its launch in early September). In the event of a successful campaign, Indiegogo charges the user 4% (plus payment processing fees). Campaigns that do not meet their stated goal reach their stated goal have to pay a 9 percent commission fee on the amount they did raise. This is a hefty amount that leaves a lot of entrepreneurs in a tough spot to launch their business. On rival crowdfunding platform Kickstarter, where campaigns have to reach their goal to collect any money, the commission fee is 5 percent. However, Kickstarter which is larger than Indiegogo by dollars raised does not allow campaigns intended to raise money for charity or personal causes. Crowdfunding campaigns that are eligible for using the Indiegogo platform without paying a commission include those that are raising funds for medical needs, emergencies, celebrations, memorials, pets and animals, faith and religious initiatives, sports, volunteer efforts, education and school programs. It’s definitely a step in the right direction, let’s see if other crowdfunding platforms step up…

Isn’t it refreshing when a company does something that shows it has humanity? Especially with everything going on in Australia (hostage situation) and Russia. One corporation, Uber, decided to implement surge pricing in the central business district which backfired massively. Overcharging those just trying to get away from the dangerous situation.

Crowdfunding platform Indiegogo says it has no interest in making money on your life events or medical emergencies. The San Francisco-based company announced today that it is launching Indiegogo Life, a site that will allow individuals to raise money for medical crises, memorials, emergencies and other life events without paying a fee to Indiegogo. Individuals will still have to pay payment processing fees, but will not have to pay a commission to Indiegogo (Framestr has had this concept since its launch in early September).

In the event of a successful campaign, Indiegogo charges the user 4% (plus payment processing fees). Campaigns that do not meet their stated goal reach their stated goal have to pay a 9 percent commission fee on the amount they did raise. This is a hefty amount that leaves a lot of entrepreneurs in a tough spot to launch their business.

On rival crowdfunding platform Kickstarter, where campaigns have to reach their goal to collect any money, the commission fee is 5 percent. However, Kickstarter which is larger than Indiegogo by dollars raised does not allow campaigns intended to raise money for charity or personal causes.

Crowdfunding campaigns that are eligible for using the Indiegogo platform without paying a commission include those that are raising funds for medical needs, emergencies, celebrations, memorials, pets and animals, faith and religious initiatives, sports, volunteer efforts, education and school programs.

It’s definitely a step in the right direction, let’s see if other crowdfunding platforms step up…

Check out Framestr.com if you are looking to grow your business (FEE FREE).

(631)

Article Source:


 
Rate this Article: 
 
Best job in humanity
Rated 4 / 5
based on 5 votes
ArticleSlash

Related Articles:

The Apple iPad: A Step Forward but Not the Whole Way

by: Marco Gustafsson (February 14, 2010) 
(Computers and Technology/Personal Tech)

One Step Forward, Two Steps Backward

by: Punit Arora (July 28, 2007) 
(News/Environmental)

A New Step Forward For Early Detection of Bladder Cancer

by: John Corso M.D. (May 22, 2007) 
(Cancer)

Smart Lipo Another Step Forward For Weight Loss

by: Dinesh Maini (June 24, 2008) 
(Womens Interests/Cosmetic Surgery)

Paying Your IRS Tax Debt - One Step Forward, Two Steps Back Part 1

by: Richard Close (February 06, 2008) 
(Finance/Taxes)

Success Coaching Tip - Growing Forward and Upward is Better Than Failing ..

by: Leanne Hoagland-Smith (February 24, 2008) 
(Self Improvement/Success)

Spring Forward, Fall Back, Fast Forward For Fashion

by: Patrick McMurray (September 03, 2009) 
(Shopping and Product Reviews/Fashion Style)

Step Four - Fearless Moral Inventory - Character Defects - Step 4 Of The 12 ..

by: Billy Fitz (April 13, 2007) 
(Self Improvement)

Humanity

by: Leni Sibilio (June 22, 2007) 
(Arts and Entertainment/Astrology)

Best job in humanity

by: Kewalo Krishan (July 08, 2011) 
(Business/Marketing)