Quartz: Facebook is dropping its fundraising fees for nonprofits, but not for personal causes
Quartz November 29, 2017: Facebook is dropping its fundraising fees for nonprofits, but not for personal causes
Mark Zuckerberg announced that Facebook will drop fees to nonprofit fundraisers, but the company will keep them for individuals trying to raise money on the platform.
At the company’s second Social Good Forum New York Wednesday (Nov. 29), Zuckerberg said nonprofits had requested Facebook eliminate the fees, which total 5% for charitable organizations in the United States. Two percent covered things like vetting, operational costs and fraud protection, and three went toward payment processing fees, which Facebook will now absorb for accredited organizations, a spokesperson told Quartz.