A Comparison of Crowdfunding Platforms for Funerals and Memorials

Sample of Crowdfunding CampaignWhether a death is sudden or expected, it is always sad and often stressful pulling together details and finances in a short amount of time. Given that most people do not save for their funeral, those remaining are not only left with grief, but also a lot of expenses. You can solve this by setting up a funeral or memorial fund online.  There are a number of different crowdfunding platforms available to do this.  To learn more on the topic of crowdfunding, read the article: Crowdfunding For Funerals and Memorials.

We’ve partnered with crowdfunding sites, Deposit a Gift and WeCare Card, because we feel they will take extra special care of you.

Deposit A Gift_Logo_FNLDeposit a Gift has the lowest rates out there and gives options to lower the transaction fee by participating in a different pricing tiers ($0 has 4% +cc fee, $49 has 3% + cc, $149 has 2% +cc fee) ]

wecare_card logo

WeCare Card has an 8% flat fee (includes credit card processing fee), but offers a new way to cash-out using a pre-paid debit card in addition to ACH direct-deposit, and check.

 

Both have platforms tailored to fundraising for funeral and memorials, helping set the right tone for your campaign.

We’ve done a good deal of research on this topic and have found and compared a variety of crowdfunding platforms.  What we found is that no matter which way you slice it, you can budget 8% being deducted from the total amount raised or added onto campaign dontations to use one of these services.  It’s your choice whether you want the donors to brunt the cost and pay the 8% on top of their donation, or if you will bare the burden by having it deducted out of the total once the campaign closes – just be sure you pick the right platform for you.

Here is the round-up of all of the crowdfunding sites that we compared:

Name Platform Fee CC Fee Total Fee Who Pays the Fee How to Cash Out When You Can Cash Out Notes
Deposit a Gift 4%* 3.5% 7.5% Comes out of total amount raised Via ACH direct deposit or check Anytime *Also offers the option to raise funds at 3% or 2% if you choose to pay $49 or $149 upfront
WeCare Card 5% 3% 8% Donor Loaded onto Debit Card as funds are donated, or direct deposit or check Anytime
Plumfund 0% 2.8% + $0.30 2.8% + $0.30 per credit/debit card donation Comes out of each donation paid for by credit/debit card Via your WePay or PayPal account Anytime
Funeral Fund 5% 2.9% + $.30/donation 7.9% + $.30 per transaction Donor Via ACH direct deposit or check
Give Forward 5% 2.9% + $.50/donation 7.9% + $.50 per transaction Donor can opt to pay the fee, otherwise the recipient pays it Via check Unclear
Donation To 5%* varies 5%* + CC Fee Donor can opt to pay the fee, otherwise the recipient pays it Via ACH direct deposit or check Anytime *For the Free plan. They also offer monthly plans which eliminate the platform fee while adding the the credit card processing fee to the total amount billed to the donor
GoFundMe 5% 2.9% + $.30/donation 7.9% + $.30 per transaction Comes out of total amount raised Via ACH direct deposit or check Anytime
Fundly 4.90% 3% 7.90% Comes out of total amount raised Via ACH direct deposit or check Unclear

To learn more on the topic of crowdfunding, read the article: Crowdfunding For Funerals and Memorials or visit the Crowdfunding section at I’m Sorry to Hear.


For more information on funeral planning and resources to guide you through planning a funeral, visit the I’m Sorry to Hear article library and Resources to download a Funeral Planning Checklist, review the Casket Guide, find Funeral Planning Tips, and access Funeral Consumer Advocacy links.

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