What are the pros and cons of GoFundMe?

There are plenty of advantages and disadvantages to consider, so here are the pros and cons of GoFundMe to look at if you’re thinking about starting a campaign today. 1. It is the only site with a funding guarantee. When you choose GoFundMe, then your donation is protected. As the site says, “It takes a leap of faith to help someone else.”

Is GoFundMe a good crowdfunding site?

GoFundMe, one of the more flexible crowdfunding sites, requires no deadlines or minimum goals in order to receive a payout. This puts GoFundMe in a camp with Indiegogo and FundAnything, both of which offer flexible funding, and sets it apart from Kickstarter, which only pays out to fully funded campaigns.

Can you use GoFundMe for medical expenses?

Pros and Cons You can use GoFundMe to raise money for health expenses, and many families do. To start a GoFundMe campaign, create a fundraiser page, share your story, and request donations. The benefits of using GoFundMe for medical expenses include a wide reach, quick access to funds, and the ability to avoid taking on a loan.