Instant Alert: Facebook is taking on GoFundMe with a personal donation feature

MANAGE SUBSCRIPTIONS   |   UNSUBSCRIBE   |   VIEW ONLINE   Facebook is taking on GoFundMe with a personal donation feature by Alex Heath on Mar 30, 2017, 11:42 AM Advertisement The next time you want to raise money, you'll be able to do it on Facebook. On Thursday, the social network introduced a new personal fundraiser feature à la GoFundMe. Facebook users will be able to create donation pages to raise money for things like tuition money, medical procedures, and other emergencies. 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. SEE ALSO: Facebook hopes to stop suicides from being live streamed with new tools   Share the latest business news with your network:    Email sent to:   |   Manage your email preferences   |   Unsubscribe Terms of Service   |   Privacy Policy Business Insider. 150 Fifth Avenue, New York, NY 10011