Crowdfunding for Life Events, Medical Emergencies Is Now Free on Indiegogo

Grow Your Business, Not Your Inbox

Stay informed and join our daily newsletter now!
Will be used in accordance with our Privacy Policy
Crowdfunding for Life Events, Medical Emergencies Is Now Free on Indiegogo
Senior Entrepreneurship Writer at CNBC
2 min read

Isn’t it refreshing when a company does something that shows it has humanity? That there are people with hearts that beat and feel in boardrooms, and that profit doesn’t come before life, limbs and happiness?

Crowdfunding platform Indiegogo says it has no interest in making money on your personal tragedies. 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.

Related: Indiegogo Pilots New Program Allowing Crowdfunding Campaigns to Stay Open Indefinitely

Typically, Indiegogo charges successful crowdfunding campaigns a 4 percent commission fee. 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.

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.

Related: Everything You Need for a Winning Crowdfunding Campaign (Infographic)

Here’s a look at the sorts of campaigns Indiegogo intends to benefit from this Indiegogo Life, free-fee initiative.

John Jennings: Musician's Relief Love Campaign


Lets Give Karen -The bus monitor- H Klein A Vacation!



HELP THE HALEYS HAVE A BABY!

Fund 4 Officer P Vincent & Cpl N Cirillo

Related: 7 Secrets From the Man Who Turned a Kickstarter Flop Into the Most Successful Campaign Ever

More from Entrepreneur

Get heaping discounts to books you love delivered straight to your inbox. We’ll feature a different book each week and share exclusive deals you won’t find anywhere else.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Entrepreneur Store scours the web for the newest software, gadgets & web services. Explore our giveaways, bundles, "Pay What You Want" deals & more.

Latest on Entrepreneur

Entrepreneur Media, Inc. values your privacy. In order to understand how people use our site generally, and to create more valuable experiences for you, we may collect data about your use of this site (both directly and through our partners). By continuing to use this site, you are agreeing to the use of that data. For more information on our data policies, please visit our Privacy Policy.